The importance of parts education

The importance of parts education

While our main offering is a parts inventory management and optimization tool, one of our other core missions is to provide free helpful, accessible,  and ongoing parts education to all operations and individuals in our business. After working within the parts...
How to improve your fill rate 

How to improve your fill rate 

Successful parts Inventory management is a delicate balance of having all the parts you need without overstocking and holding onto obsolete parts. Your fill rate can be a fantastic indicator of whether your inventory has enough width in the right areas to support a...
Mastering special orders

Mastering special orders

As we recently discussed, idle inventory is trending up for almost all dealerships and manufacturers. Special orders can be one of the biggest contributors to an increase in stock you don’t need taking up shelf space and undermining your overall inventory health and...
An EV Update | The Future of the Industry

An EV Update | The Future of the Industry

Rising gas prices and quickly improving technology in combination with many other factors have led to a continuously growing interest in electric and EV vehicles. In Q2 of 2022, EV sales made up 5.6% of the total market, which is an increase from 5.3% in Q1 and an...
The idle inventory trend

The idle inventory trend

In our work with the parts inventories of hundreds of dealerships across the country, we’ve gained valuable insight into industry-wide trends and their causes. For quite some time, the average for non-manufacturer guaranteed obsolescence hovered around 10-12%, but in...
Recession-proofing your dealership

Recession-proofing your dealership

The jury’s out on the state of the US economy, but most think a recession is coming- if not already here. Unfortunately, recessions are a predictable and somewhat normal part of the modern economy. Even if 2022 isn’t the start of a recession, there are sure to be...
Comparing sales versus receipts

Comparing sales versus receipts

For Parts Managers, it can be difficult to keep in mind both a sales and investment perspective on parts. In the day to day, immediate demand trumps all else- sometimes resulting in an overall inventory that is sluggish, overstocked, and lacking in width. Here’s how...