Several times over the past month we have had inquiries on how to purge obsolete inventory. More specifically, how can the dealership parts department sell the parts on an invoice without affecting the gross profit percentages overall?

There’s no better time than the end of a year to review your setups with and make sure your source accounting and sale accounts being set up properly. We consistently get calls about gross profit being low for a specific Sale Account or Asset Account going...

If you’re a parts manager on an auto-replenishment program such as GM’s RIM program or Chrysler’s ARO, one great question to ask yourself is “Do I totally rely on the replenishment program to restock my inventory shelves?”

The problem with "fill rate" is that it can be manipulated based on the way you receipt parts into your inventory system. Your particular mix of wholesale, retail, and warranty can make a number like that better or worse and just the opposite for other...

I’ve started an informal study with the ultimate goal of answering the question; “what percentage of Part Numbers, added to a Dealership’s DMS, actually achieve an active stocking status?” Here’s what I have found so far. A shocking 3.71% of all part numbers...

Probably the top question that I get from Parts Managers day in and day out is, “How does my inventory rate compared to others you have seen?” So today I want to try and develop a clear picture of what exactly the average inventory looks like organized by...