How to Source Obsolete and Discontinued OEM Parts From Other Dealers
A customer needs one part. Your DMS shows it on backorder from the OEM, or flagged as discontinued. The repair…
Automotive Parts Inventory Management: The Dealership Guide
Every number that matters in your dealership parts inventory rides on one thing. Whether the count on the screen matches…
How to Turn Obsolete and Surplus Auto Parts Into Cash
Walk your back shelves and you’ll find money you forgot you spent. The slow movers. The overstock. The special order…
How to Prepare for Your Parts Physical Inventory
A physical inventory is the only way to prove what’s really on the shelf so you can close your books…
Maximizing Accuracy in Automotive Parts Inventory: The Importance of Regular Physical Counts
Managing automotive parts inventory is no easy feat. Dealerships often struggle with maintaining accurate stock levels, which can lead to…
How Often Should Your Dealership Conduct a Parts Physical Inventory?
Maintaining an accurate parts inventory is critical for dealership profitability. While most dealerships conduct an annual physical inventory, relying solely…
Why Your Parts Inventory Isn’t as Accurate as You Think
Many dealerships assume their parts inventory records are accurate—until an audit or reconciliation exposes discrepancies. Even with regular tracking, inventory…
Understanding and Preventing Parts Inventory Shrinkage in Dealerships
Parts inventory shrinkage is a silent profit killer for many dealerships. It occurs when the actual inventory on hand is…
Parts Cycle Counting: The Key to Consistent Inventory Accuracy
Maintaining an accurate parts inventory is essential for dealership profitability and efficiency. One of the best ways to ensure accuracy…
Automating Parts-to-GL Reconciliation: A Game Changer for Dealerships
In the fast-paced world of automotive dealerships, staying on top of inventory and financial accuracy is crucial. One of the…
5 Common Mistakes Dealerships Make with Parts Inventory (And How to Fix Them)
Managing an accurate parts inventory is essential for profitability, but many dealerships unknowingly make costly mistakes. These errors lead to…
Why Use a Third-Party for Parts Inventory Counts?
When it comes to automotive parts inventories, accuracy and efficiency are critical. Dealerships face the constant challenge of maintaining precise…