Idle Inventory Archives - PartsEdge
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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....

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 dollar...

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,...

Inventories age. So you’ve used your return allowance to throw away all of your obsolete parts but they keep coming back. What do you do now? Many dealerships have to accrue funds to offset the new obsolescence created each month by an aging on hand. If this...

Last month we shared an ebook on Forecasting Obsolete Inventory. In case you missed it, you can view it by clicking here. Did you calculate your technical obsolescence? If so, you now know how much your obsolescence will grow each month moving forward. We recommend...

All too often we get phone calls from parts managers looking to sell off their obsolete inventory. Dealing with reactive retail, as we do in automotive dealerships, obsolescence is a necessary and unavoidable part of the business. Idle inventory can build from many different avenues...