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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...
Authenticity, Leadership, and Embracing Change in Automotive

Authenticity, Leadership, and Embracing Change in Automotive

by PartsEdge | Oct 17, 2024 | PartsEdge Podcast
As the leaves change and fall ushers in a season of transformation, it feels like the perfect time to reflect on growth, change, and empowerment. Recently, I had the pleasure of sitting down for an inspiring, thought-provoking conversation on thePartsEdge...
Chuck Hartle – Prevention Strategies for Obsolescence

Chuck Hartle – Prevention Strategies for Obsolescence

by PartsEdge | Oct 10, 2024 | Chuck Hartle, PartsEdge Podcast
The Importance of Education and Awareness Education and awareness are crucial in preventing obsolescence. Hartle stressed the need for parts managers to educate all department members. This includes service advisors, technicians, and even wholesale customers....
Why Reconditioning Efficiency Is the New Profit Center in Fixed Ops

Why Reconditioning Efficiency Is the New Profit Center in Fixed Ops

by PartsEdge | Oct 4, 2024 | PartsEdge Podcast
In this episode of the PartsEdge Podcast, host Kaylee Felio sits down with longtime automotive leader Randy Kobat to discuss one of the most overlooked areas in dealership profitability: reconditioning used vehicles.
Chuck Hartle – Financial Impact of Obsolescence

Chuck Hartle – Financial Impact of Obsolescence

by PartsEdge | Sep 27, 2024 | Chuck Hartle, PartsEdge Podcast
Brian Kramer – Appraisal Accuracy and Effective Fixed Operations

Brian Kramer – Appraisal Accuracy and Effective Fixed Operations

by PartsEdge | Sep 20, 2024 | PartsEdge Podcast
Brian Kramer is the executive vice president of Cars Commerce, and general manager of AccuTrade with 28 years of automotive expertise. He leads digital innovation in car sales pioneering the first paperless and Web3 transactions. He is a recipient 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...
Jamie Farley – The Art of Dealership Buy & Sell

Jamie Farley – The Art of Dealership Buy & Sell

by PartsEdge | Sep 6, 2024 | PartsEdge Podcast
Jamie Farley is a Partner at Performance Brokerage Services, North America's highest volume automotive dealership brokerage firm. She is also the host of the podcast show ‘Get In Her Lane’. With extensive experience in the automotive industry, Jamie...
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