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 more about your specific program can help level up your parts department. He shares specific data that indicates manufacturer programs are not dealer driven but manufacturer driven.
It was once said that parts inventory management wasn’t rocket science. That’s never been the case, especially in today’s environment.
“Dealer’s have nearly 15% more obsolescence than dealers not on a manufacturer program.”
“In the 5 years, obsolescence has increased by 7%, that is effecting dealer’s pocketbook.”
If these few quotes haven’t got your attention, we don’t know what will. This segment will cover the key points you need to know about manufacturer replenishment programs.
You’ve got to watch it for yourself. We look forward to hearing what you think.