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How to calculate your parts inventory turns

How to calculate your parts inventory turns

by PartsEdge | Feb 11, 2021 | excess stock, dealerships, Parts Inventory Management, dealership, excess inventory
In the over 20 years we’ve been helping dealerships optimize their inventory one thing has always proven to be true: a data-driven inventory is a successful inventory. Calculating your parts inventory turns is fundamental for creating a healthy, profitable...
Part brokers vs purchasing analysts

Part brokers vs purchasing analysts

by PartsEdge | Jan 14, 2021 | excess stock, dealerships, Parts Inventory Management, dealership, excess inventory, Idle Inventory, fred beans
When it comes to selling idle inventory or purchasing needed parts, most dealers are faced with many options and it can be difficult to know what to use when. In order to discover the best match for your dealership needs, we’ll start by breaking down the two...

Fred Beans Parts Specialists talk Inventory Management and Navigating 2020

by PartsEdge | Jan 6, 2021 | dealerships, Parts Inventory Management, Automotive Industry, dealership, fred beans
KF: My name’s Kaylee Felio and I’m the sales manager here at PartsEdge. I also have resident parts expert Chuck Hartle, one of the founders of PartsEdge here too. We’re joined today by Denny and Mick with Fred Beans and we’re going to talk about what it’s...
5 things successful Parts Managers monitor weekly

5 things successful Parts Managers monitor weekly

by PartsEdge | Dec 14, 2020 | dealerships, Parts Inventory Management, dealership
Parts Managers are tasked with such a wide variety of responsibilities. While all areas of your parts department require regular attention, monitoring these 5 key aspects weekly can help you reduce idle inventory, increase profits, and remain focused on what...
Ford RIM and Hyundai’s switch from Smartstock to PartsEye

Ford RIM and Hyundai’s switch from Smartstock to PartsEye

by Chuck Hartle | Nov 12, 2020 | dealerships, Parts Inventory Management, dealership, ford, hyundai
With Ford’s rollout of RIM and Hyundia’s switch from Smartstock to PartsEye, we explore how dealers might make the transition with ease as well as best practices for managing any Manufacturer program successfully.
How to increase the ROI in your parts inventory and in your service specials with PartsEdge and FixedOPS Marketing

How to increase the ROI in your parts inventory and in your service specials with PartsEdge and FixedOPS Marketing

by PartsEdge | Nov 5, 2020 | dealerships, Parts Inventory Management, dealership
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How to increase service levels in your parts department

How to increase service levels in your parts department

by PartsEdge | Oct 14, 2020 | dealerships, Parts Inventory Management, dealership, Idle Inventory
Increasing service levels in your parts department isn’t just good business, it can also make a huge impact on overall dealership profit. By focusing on some key factors and fostering great communication between parts, service, and customer care, you can...
Effective inventory management for a successful parts department

Effective inventory management for a successful parts department

by PartsEdge | Sep 3, 2020 | Parts Inventory Management
Effective inventory management makes all the difference not only in your parts department but also in your dealership as a whole. After all, the parts inventory is the second-largest investment dealers make. According to NADA, dealerships service and parts...
Why You Shouldn’t Sell Your Idle Parts at 50 Cents on the Dollar

Why You Shouldn’t Sell Your Idle Parts at 50 Cents on the Dollar

by NADPE | Feb 19, 2020 | Parts Inventory Management
We’re excited to feature NADPE as a guest educator on our blog! To learn more about NADPE, click here. Enjoy!
Automotive Dealership: Common Year-End Count Errors and How to Avoid Them

Automotive Dealership: Common Year-End Count Errors and How to Avoid Them

by Mike Bachara | Jan 28, 2020 | Parts Inventory Management
We’re excited to feature Mike Bachara from Pro Count West as a guest educator on our blog! Mike’s insights into annual physical inventory reviews are a huge value for any parts department. To learn more about Mike and his impressive resume, click here. Enjoy!
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