We are excited to share that Parts Expert and Guru, Chuck Hartle put together a 2.5 Day Advanced Parts Training in Minneapolis, MN with Dealersedge. Geared towards Advanced Analysis and Planning Tools for Automotive Parts Managers, Chuck explored which inventory and source (Stock Group) controls are important and how to examine existing settings: sourcing; pricing, accounting, product isolation for reporting purposes. Most importantly, how to create best practices, customized to each Dealership, to help improve inventory control and profitability. Chuck also went over creating the “perfect” pricing scheme for your parts department: Where are your grosses coming from, what profit centers within parts? What is your gross profit on Menu / Grid priced items? What percentage of your sales are actually escalated (Matrix)? Lastly, as a group, we reviewed current pay plans to get an idea of what can be changed or adjusted. Working on the right pay motivates increased grosses without sacrificing idle growth.

Attendee Testimonials:

“First, I can’t begin to tell you how valuable I found the course to be. I have been in this industry since 1985, and I have to tell you it was the best training I have received. The detail that was covered for someone that thought he had a good understanding of parts was impactful and practical in application. The relaxed environment that the we learned in only increased the level of engagement in the room. Hats off to Chuck, you, and the Team!”
“Found class very knowledgeable – learned importance of forced stock and to utilize BDC to get rid of that inventory.
The need to adjust higher priced items escalator. As we currently go off list with anything over $100
Pay plans – that we pay too much – need to look at”
If you’re interested in learning cutting edge inventory control, pricing and management strategies, this workshop is for you! Rumor has it another workshop is coming to Orlando FL in February 2019! Send us an email to reserve your spot!