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.