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RIM Optimization Strategies to Drive Results and Reduce Obsolescence

RIM Optimization Strategies to Drive Results and Reduce Obsolescence

by Kaylee Felio | Oct 18, 2024 | Automotive Industry, inventory management
When it comes to managing parts inventory, RIM (Retail Inventory Management) programs are designed to help dealerships maintain optimal stock levels by automating the replenishment process. However, without careful oversight, RIM can sometimes lead to excess...
Chuck Hartle – Prevention Strategies for Obsolescence

Chuck Hartle – Prevention Strategies for Obsolescence

by PartsEdge | Oct 10, 2024 | Chuck Hartle, Parts Management Series, PartsEdge Podcast
Chuck Hartle is the founder and president of PartsEdge, a powertool for New Car Dealerships Parts Operations, helping to increase DMS utilization, improves efficiency, accuracy, and profitability with solid and consistent plans for eliminating all types of...
Chuck Hartle – Financial Impact of Obsolescence

Chuck Hartle – Financial Impact of Obsolescence

by PartsEdge | Sep 27, 2024 | Chuck Hartle, Parts Management Podcast
Chuck Hartle is the founder and president of PartsEdge, a powertool for New Car Dealerships Parts Operations, helping to increase DMS utilization, improves efficiency, accuracy, and profitability with solid and consistent plans for eliminating all types of...
The Role of the Parts Department in Dealership Revenue

The Role of the Parts Department in Dealership Revenue

by Kaylee Felio | Sep 20, 2024 | Automotive Industry, Customized Solutions
In the competitive automotive industry, dealerships face the challenge of maintaining profitability while delivering exceptional customer service. Among the key departments contributing to this balance, theparts departmentoften plays a role that is...
Chuck Hartle – Understanding Inventory Obsolescence

Chuck Hartle – Understanding Inventory Obsolescence

by PartsEdge | Sep 18, 2024 | Chuck Hartle, Parts Management Podcast
Chuck Hartle is the founder and president of PartsEdge, a powertool for New Car Dealerships Parts Operations, helping to increase DMS utilization, improves efficiency, accuracy, and profitability with solid and consistent plans for eliminating all types of...
How Inventory Carrying Costs Can Eat Into Your Bottom Line and What You Can Do About It

How Inventory Carrying Costs Can Eat Into Your Bottom Line and What You Can Do About It

by Kaylee Felio | Sep 13, 2024 | Automotive Industry, Customized Solutions
When it comes to managing inventory, the true cost is often more than meets the eye. Inventory carrying costs—things like storage, insurance, and even the capital tied up in unsold inventory—can silently take a huge bite out of your profits. In fact, these...
Integrating Automation with Expertise for Optimal Inventory Management

Integrating Automation with Expertise for Optimal Inventory Management

by Kaylee Felio | Sep 6, 2024 | Customized Solutions, DMS, Dealership Solutions, Fixed Ops, High-Performance, Dealership Profit
As the inventory management landscape continues to evolve, businesses are looking for innovative ways to optimize their processes and maintain a competitive edge. At PartsEdge, we understand the importance of balancing cutting-edge automation with expert...
Understanding Parts Pricing Strategies—Why They Aren’t Working

Understanding Parts Pricing Strategies—Why They Aren’t Working

by Kaylee Felio | Aug 30, 2024 | Automotive Industry, Dealership Profit
Why Your Parts Pricing Strategy Might Be Failing
The Cost Savings with a Leaner Inventory and How PartsEdge Can Help

The Cost Savings with a Leaner Inventory and How PartsEdge Can Help

by Kaylee Felio | Aug 26, 2024 | Automotive Industry, Fixed Ops
The Cost Savings with a Leaner Inventory and How PartsEdge Can Help In the automotive industry, managing parts inventory efficiently is crucial for profitability. A leaner inventory approach focuses on reducing idle stock, leading to significant cost savings...
Alex Schneider's Success Story: A Game-Changer for Empire Auto Group

Alex Schneider's Success Story: A Game-Changer for Empire Auto Group

by Kaylee Felio | Aug 17, 2024 |
At Empire Auto Group, the challenges of managing inventory effectively were mounting. Alex Schneider, the Parts Director, found himself grappling with a lack of seasoned management and the daunting task of overseeing multiple facets of the business...
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