Special Orders Archives - PartsEdge
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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...

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...

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...

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...

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...

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...

If you’re a parts manager on an auto-replenishment program such as GM’s RIM program or Chrysler’s ARO, one great question to ask yourself is “Do I totally rely on the replenishment program to restock my inventory shelves?” Aside from special order parts for specific customers,...

The problem with "fill rate" is that it can be manipulated based on the way you receipt parts into your inventory system. A 80% fill rate is low, no doubt about that. Your particular mix of wholesale, retail, and warranty can make a number like...