Industry changes have exposed parts operations to new vulnerabilities. It’s time for a new plan. This 7-week workshop will help you strengthen your inventory control, pricing strategies, and overall management skills.
You will learn:
- Inventory Management and Planning Tools – Discover the best practices to improve inventory control and profitability.
- Inventory Control – Source (Stocking Group) Controls and why they’re important. Create best practices customized to your store to help you improve inventory control and profitability.
- Sales vs Receipts – We’ll walk you through comparing Months-No-Sale and Months-No-Receipt to allow you to better manage your inventory and avoid overstocking parts that take up valuable shelf-space and capital.
- Daily, weekly, and monthly checklists for success – PLUS a step by step guide and worksheets for monthly reconciliations.
- Auditing your ordering process, fill rates, and lost sales – Learn common mistakes and simple solutions.
- Sourcing and Control – Demystifying sources and developing phase-in criteria that suites your unique demand.
- Ideal Pricing Formulas – Dive deep into gross profit generation, the impact of Menu/Grid pricing, fine-tune your Matrix escalators and find what fits best for your organization.
- Wholesale Business – Learn proper categorization for wholesale clients and tricks for sustainable and profitable wholesale sales
Plus an open forum for your questions!
Need more support?
7-week virtual workshop starts March 16th!
Recent case study
Reduction in overall obsolescence
Reduction in non-rim obsolete parts
Total inventory investment reduction
Increase in productive actively selling parts
Reduction in forced inventory from special orders, etc.
“I think that the work PartsEdge does in the background correcting sources has been most helpful to [our] team. PartsEdge has played a part in increased profits through decreasing obsolescence and matrix pricing. PartsEdge’s team and approach are special because the team cares about our business and the system they implement works.
–Scott Robins, Parts Manager
What our clients are saying
PartsEdge is the perfect mix of human and robot. They will automatically optimize inventory based on the data AND they also take personal input from the everyday operations to create a hybrid of human and computer. Within a dealership, we are always looking for ways to cut costs and the last thing I would ever cut is PartsEdge.
Parts Edge ensures the health of my inventory and custom pricing formulas remain sound while liberating hours a week from the tedium of source movements. They also are able to provide insightful observations and reporting to help identify issues and/or enhance the opportunity.
My time is better spent managing the department in a multitude of other valuable ways. PartsEdge also is a great resource for engineering solutions for pricing and sourcing strategies, providing custom reporting such as assessment of price matrix efficacy, helping to evaluate and resolve hiccups in stocking strategies.
In one year we have reduced total inventory by 35% while our productive inventory increased and obsolescence reduced by 58% and our technical obsolescence by 72%
With the tools offered by PartsEdge, I doubled my monthly gross profit dollar total within 16 months.
I would recommend PartsEdge. They have cut down a lot of the time spent on reporting jobs and given me more free time. I spend less time creating reports or trying to diagnose issues which has given me more time to focus on growing the business.
PartsEdge is a tremendously powerful “Parts tool” that directly deals with the science of running a successful parts department. In my case, I refer to PartsEdge as my silent assistant manager. The system discreetly operates in the background of our department, doing the tasks that occupy valuable time.
PartsEdge has always been available and has directed our Parts Management Team in the direction that we need to look at to improve efficiencies and accurate parts department evaluation so it remains clean and functional.
Great support partner – in inventory control aiding our Managers a different way of managing their inventory to maximize the turns.
As you know these days a Parts Manager wears a lot of hats. There are not enough hours in a day to complete all of your tasks. PartsEdge makes my job a lot easier helping complete the tasks that need to be done daily.
We have been a client of Parts Edge in excess of 10 years. They are extremely knowledgeable, and passionate about the world of parts.
The staff at PartsEdge is the most knowledgable in the industry. If you need help, don’t waste your time and just ask PartsEdge. Great peeps!
PartsEdge is all around a great company and my inventory would not be where it is today without them. We work as a great team together!
PartsEdge does amazing work. They have saved me countless hours of work with what they do. Most parts managers don’t believe me when I tell them how clean my inventory is with PartsEdge’s assistance.
Working with the Parts Edge team is always a pleasure. They take the time to answer any questions that I may have, have assisted in everything from building our buyback returns to creating custom reports.
Through changes in our parts team one thing remains constant: PartsEdge.
Thanks to Parts Edge our parts departments continue to improve overall.
Great people to work with. Never a question they can’t answer.
I don’t ever have to think about it because I know it is always doing its job.
Helps in day to day jobs and is a great tool for any parts manager.
Maximizes parts gross and efficiency.
Parts Edge has helped me keep my inventory turning and reduce aging. Chuck has been a great partner for us over the years.
Great communication and feedback, always helpful.
PartsEdge is an invaluable resource, a huge time saver and it always exceeds expectations, I can’t imagine doing my job without it!
Saves a ton of time and works great!
I inherited a very messy inventory when I was promoted to our store (Ford). PartsEdge helped turn things around quickly and now we’re on the right path to success. Chuck has always answered all of my questions in a professional and timely manner and his staff is very friendly.
Level of service from PartsEdge is excellent.
World class inventory company! Very helpful and knowledgeable!