We are excited to share that Parts Expert and Guru, Chuck Hartle put together a 2.5-Day Advanced Parts Training in Orlando, FL with DealersEdge. Geared towards Advanced Analysis and Planning Tools for Automotive Parts Managers, Chuck explored which inventory and source (Stock Group) controls are important and how to examine existing settings: sourcing; pricing, accounting, product isolation for reporting purposes. Most importantly, how to create best practices, customized to each Dealership, to help improve inventory control and profitability. Chuck also went over creating the “perfect” pricing scheme for your parts department: Where are your grosses coming from, what profit centers within parts? What is your gross profit on Menu / Grid priced items? What percentage of your sales are actually escalated (Matrix)? Lastly, as a group, we reviewed current pay plans to get an idea of what can be changed or adjusted. Working on the right pay motivates increased grosses without sacrificing idle growth.
Attendees reported improved understanding in:
-Inventory control
-Justification and implementation of price escalators
-13MNS 13MNR report
-Obsolescence control
If you’re interested in learning cutting edge inventory control, pricing and management strategies, this workshop is for you! There are talks of other training like this in September located in Whitefish, MT. Send us an email to reserve your spot!