Reduce this trend of increasing obsolescence

Reduce this trend of increasing obsolescence

We’ve noticed a definite trend of increasing obsolescence across the industry. For some time, the average for non-manufacturer guaranteed obsolescence has hovered around 10-12%, recently, it’s been trending upward towards 16-20%. We took a closer look to shed light on...
Reducing Idle Inventory

Reducing Idle Inventory

If you’re a Dealer Group with the same manufacturer at more than one location you’ll want to read this!     Have you ever noticed that parts will sell well at one store and not that well at another store just a few miles away? We’re seeing an increasing...
How to Categorize Idle Inventory

How to Categorize Idle Inventory

Want to accurately classify idle inventory? Here’s our breakdown of types of idle inventory plus solutions for removal and prevention.   Idle Inventory Recap: Most dealerships classify excess, forced, technical obsolescence, and obsolescence as idle inventory....
How to minimize idle stock

How to minimize idle stock

Idle stock cluttering your shelves? Here are guidelines to help reduce the growth of idle and obsolete inventory for General Motors Non-RIM guaranteed inventory. This can be used as a guide for other Manufacturers as well. Review parts ordered daily: Look at high...
Is Excess Stock Costing Your Dealership?

Is Excess Stock Costing Your Dealership?

Excess stock, in a typical parts operation, is often overlooked and very rarely attacked for the reason that most excess inventory consists of faster moving items such as oil filters, air filters, spark plugs, cabin filters, and brake pads. It’s easy to over-order...