Crystal NicholsonRemember when you roll up to a traffic stop, and that awful screeching noise you hear coming from somewhere near you like nails clawing at the insides of your gut? You probably looked out of the window and tried searching for the car it came from only to realize it was you all along as …
How you define your parts inventory’s phase-in and phase-out criteria is one of the most important jobs that a Parts Manager has to do to control their parts inventory. Not only from a fill-rate perspective but also from a financial perspective. How you phase-in/phase-out your parts inventory has a direct impact on how much capital …
Parts Managers who are the most progressive, and have the cleanest parts inventories, are those Parts Managers who are professionally trained in parts inventory control. But there is more to the story than just that. Learn what some of the country’s most progressive Parts Managers know that help them keep their inventories within industry …
If you’re like most Parts Managers, at some point you’ve found yourself in a pickle with a mandate from upper management to cut physical parts inventory, or hit 1.5 Months Supply. If upper management is focused on only one of these two numbers, it creates unintended consequences that cost the dealer substantially in the end. …
Parts inventory that is 12 months old has a 95% chance of never selling again, and is in write off territory. Paying the heavy costs of writing off aged parts inventory is a spin-off of the root problem. The root problem starts well before parts become 12+ Months old. NADA guide for the value of …
On average, idle and obsolete parts inventory comprise 30% of inventory on the shelves of every dealer in North America. Idle parts include non-stocking and phased-out parts. Non-stocking parts are those parts that were unsold or returned special order parts while phased-out parts are those parts that have lost their sales demand and haven’t sold …
The parts exchange program tackles a growing epidemic that sees dealerships holding onto slow-moving, obsolete, and idle parts inventory. Unlike other parts marketplaces, NADPE offers dealers a way to swap the parts they don’t want for parts they do want – all at full dealer cost – so there’s no loss for the dealer. Randy …
Our friends at PartsEdge.com have recently released a Parts Manager educational video on your Manufacturer’s Replenishment Programs. We couldn’t agree more with the expertise shared on this topic. In the series, you’ll hear from Chuck Hartle, PartsEdge’s resident parts expert. In this particular video, we think you’ll find lots of value. Chuck discusses how knowing …
Developing relationships with your customers is vital to your success. Understanding their standpoint, helps you better understand how you can help them. At NADPE, we believe that by developing these relationships, we become what we call “human”. Not just a voice at the other end of the telephone, an email thumbprint or signature, we are …
From the outside looking in, a parts manager’s job is viewed by some simply as an inventory clerk and a supervisor of people. This is a misconception by those who don’t understand the complexities of controlling parts inventory and making capital perform. Parts managers play a key role in converting capital the dealer principal puts …