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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...
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, the profit...
Stock Rotation and Changes: the Importance in Inventory

Stock Rotation and Changes: the Importance in Inventory

Todays’ topic: stock rotation and changes. There are many ways to improve your parts investment. One of the easiest ways is by following some simple steps in your dealership parts training process, which should be included in every Parts Managers standard...
Housekeeping in your DMS

Housekeeping in your DMS

I’m certain that most of you perform regular housekeeping chores in and around your home to keep things operating smoothly. Just like your home, the Dealership Management System (DMS), in your parts department, requires regular “housekeeping.”