Insight Blog Contact Us | 734.994.4604 Search A.I. PLATFORM MENU

Blog

Operations Insight

Parts Investment Optimization: Holiday Edition

Parts Investment Optimization: Holiday Edition

An important component of parts investment optimization is to reconcile your DMS inventory value with your accounting value annually. It's also critical to verify the accuracy of your DMS's on-hand accounts. This time of year is an opportunity to evaluate the health...

read more
Parts Department: Heat Mapping & Route Tracing

Parts Department: Heat Mapping & Route Tracing

Let's talk about a topic in the Parts Department. Modern Dealer Management Systems (DMS) and OEM RIM Systems use sales data to suggest the best stocking inventories and keep track of what is on the shelves and where it is located. But those systems do not offer to...

read more
What is Considered Lost Sales

What is Considered Lost Sales

Parts Department Lost Sales cost your dealership more revenue than you may realize.    What is a lost sale? A lost sale happens every time you lose an opportunity to sell a part, whether it be over the phone, over the counter, or in the Service Department,...

read more
The Importance of Adequate Resources

The Importance of Adequate Resources

The Importance of Adequate Resources  From the outside looking in, managing a parts department seems straight-forward. The reality is that managing a parts department, "the right way”, is a full-time job and fairly complex. There are numerous tasks that must be...

read more
Performance Efficiency

Performance Efficiency

By Dave Wood    In the Parts Department, every activity is connected to sales performance efficiency. Sales, ordering, stock keeping, everything! Whatever training you may have had, or not had, whether it be...

read more
Database Accuracy: Speaking on the topic

Database Accuracy: Speaking on the topic

Database accuracy is an often-overlooked aspect of inventory management.  It has been said that you can’t sell out of an empty basket. The same holds true when you or your potential customer don’t know what’s in your basket.  How can you sell an item you don’t show as...

read more
Parts Investment Philosophy

Parts Investment Philosophy

What’s in a title?  It really doesn’t matter if your title is “Parts Manager,” “Parts Director,” or “Senior Grand Poobah of Parts,” because if you are making the final decisions on what parts to stock, you are the Parts Investment Manager.  You are, in fact, investing...

read more
 Holiday Dealership Parts Inventory Insights

 Holiday Dealership Parts Inventory Insights

ADMI’s top 5: From our ADMI Team – Happy Holidays!   Getting insight on dealership parts inventory  During the holiday season most dealerships experience a slowdown. In order to maximize the advantage from the holiday season, it is the perfect time that...

read more