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, the profit...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...Idle Inventory Fear: Hidden Cost In Dealership Parts Departments
It may come as a surprise, but idle inventory is a normal part of doing business. In fact, about 1 to 1.5% of your total stock inventory value will cross the nine months without sale point each month.
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