Excess Inventory Archives - PartsEdge
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Need more Parts Training? We’re now offering live workshops!   We’ve worked with large Dealer Groups, Dealersedge, and Auto Dealer Associations to provide valuable parts training for long-term inventory success. If you’re interested in scheduling a workshop, get in touch!   Here are the topics we have been...

With so many factors to monitor, it can be difficult to know where to start to improve your inventory health. The good news is by paying close attention to just 5 categories, you can establish a benchmark and begin the journey towards inventory success!   Review...

Utilizing sources correctly can make or break your inventory success. Sources connect to everything in your DMS including pricing (matrix/escalators), phase-in and phase-out criteria, sale accounts, source accounting, days supply, price code adjustments, and economic order settings. Because a source is tied to so much,...

During a recent workshop, we were genuinely surprised to find that many Dealerships rely entirely on their manufacturer replenishment programs to restock inventory and don’t even check to see how the manufacturer program is working for them. The fact is, manufacturer replenishment programs do not...

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...

Want to accurately classify idle inventory? Here’s our breakdown of types of idle inventory plus solutions for removal and prevention....

Manufacturer Parts Programs are typically offered to dealerships as a way to achieve higher levels of service and potentially higher profits with the promise of less work for parts management. Manufacturer programs will guarantee the returnability of suggested parts in the future, if the dealership...

Every dealership has to deal with parts obsolescence. Parts that haven’t sold in 12 (or sometimes 16) months are obsolete and clogging up your inventory. Even if it costs money in the short term, finding ways to get rid of this inventory is crucial for...

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 these items,...

Parts inventory management in today’s dealerships is ever evolving. With all the variables involved in inventory control, how do you produce the most efficient and profitable parts inventory? The answer could be as simple as utilizing all the tools in your Dealership Management System. Dealership management...