Parts Inventory Management Archives - PartsEdge
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We have had several dealers over the past week or so inquire about the inventory reduction that has been caused by the current GM Strike.   As you are aware, GM and the UAW have come to a tentative agreement and a union vote should be pending...

Have you thought about categorizing your Fill Rate into distinct sale areas? If you haven’t, now might be a good time to start. Typically, fill rates are manipulated in several of the DMS systems and when you really think about fill rates, we like to think...

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,...

Do you ask yourself if you should be in the wholesale business?  Think of your Wholesale Customers in 3 Levels, much like a traffic light: Green Light, Yellow Light, Red Light   Green Light Customers: Pay their bills on time or pay cash on transactions. Buy consistently...

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...

We get lots of questions about how to improve inventory health….here are some of our most requested tips and tricks! Q: What should we do with really old, non-returnable obsolescence? A: We suggest first trying to sell the parts on Dealermine, NADPE or a similar service where you can get...

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?   Typically, when using a parts broker such as Dealermine,...

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...