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The importance of parts education

The importance of parts education

by PartsEdge | Nov 8, 2022 | dealerships, Parts Inventory Management, dealership
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 

by PartsEdge | Oct 25, 2022 | dealerships, Parts Inventory Management, dealership, improve fill rate, 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...
Mastering special orders

Mastering special orders

by PartsEdge | Oct 11, 2022 | dealerships, Parts Inventory Management, dealership
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...
An EV Update | The Future of the Industry

An EV Update | The Future of the Industry

by PartsEdge | Sep 27, 2022 | dealerships, Automotive Industry, dealership, electric, electric cars
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...
Recession-proofing your dealership

Recession-proofing your dealership

by PartsEdge | Aug 22, 2022 | dealerships, Parts Inventory Management, 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...
5 things new parts managers need to succeed

5 things new parts managers need to succeed

by PartsEdge | Aug 9, 2022 | dealerships, Parts Inventory Management, dealership
Labor shortages and a shifting market have meant many dealerships have promoted or hired new-to-the-position parts managers, resulting in a dire need for training and support. We’ve said it once and we’ll say it again: the role parts managers play is crucial...
Coping with Constraints | The Future of the Industry

Coping with Constraints | The Future of the Industry

by PartsEdge | Jul 26, 2022 | dealerships, Parts Inventory Management, dealership, constraint, labor shortage, hiring crisis
Unexpected challenges are truly the new normal for almost all dealers. Between labor and part shortages, increasing costs, and pandemic protocols, not one operation we’ve spoken with has made it through the past two years completely unscathed or unchanged....
Comparing sales versus receipts

Comparing sales versus receipts

by PartsEdge | Jul 12, 2022 | dealerships, Parts Inventory Management, dealership
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....
Signs your parts department is under-supported

Signs your parts department is under-supported

by PartsEdge | Jun 28, 2022 | dealerships, Parts Inventory Management, dealership
Parts departments are responsible for producing nearly 50% of overall dealership profit yet, in our experience, they are often undervalued, neglected, and under-supported. As the market has shifted in the wake of the pandemic, more dealers seem to be...
The importance of monthly reconciliation

The importance of monthly reconciliation

by PartsEdge | Jun 6, 2022 | Parts Inventory Management, dealership
We talk a lot over here about being proactive vs reactive. The basic idea is that if you’re constantly stuck in the muck of emergencies in your parts department, it’s impossible to be developing plans and or making big-picture analyses of your operation....
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