Inventory

The average employee spends 1.5 hours/day looking for things according to recent statistics. Time is money for RV and Marine dealers, so many are looking to organize their parts inventory. With so many different parts to manage, and a busy schedule, taking the area from chaos to order can seem like an overwhelming prospect. But […]

Once you’ve accurately counted and organized your inventory, it’s essential to set attainable goals that will allow you to gain control and plan for the future. Offer an incentive plan for your Parts Manager We’ve mentioned before that the main reason you probably aren’t keeping good tabs on your inventory is because it’s too time […]

Now that you have your guidelines set, it’s time to keep the process moving and plan for the future. Again, one of the biggest problems Jeff Sheets sees is that dealers are reluctant to plan ahead or have goals when it comes inventory. If you just put all this work into counting, getting rid of […]

As a business owner, your whole livelihood is based around goals. You probably wouldn’t be running a business right now if you didn’t have them. So why wouldn’t you have concrete goals for your inventory? Sheets says a problem he often sees is that dealers don’t take a goal-oriented approach to what they want to […]

We’ve mentioned before that the main reason you probably aren’t keeping good tabs on your inventory is because it’s too time consuming and not something that you want to commit to. Owners are salespeople. They don’t want to do the administrative aspect of the business. That’s why you’ve got to put your trust into someone […]

How to stock new products While as important as you think a new product may be, don’t base your purchasing decisions off of a gut feeling. You need to make some concrete decisions before you even consider adding new parts into your inventory and Schreibfeder recommends you look at the following items: Don’t let surplus […]

If you’re going to get serious about any one aspect of your inventory, getting rid of dead and slow-moving items must be a top priority. Think about it, you paid for every item that is stocked on your shelves and the only way you’re going to get any of it back is to sell it. […]

Before you can begin to control your inventory, you must know exactly what is on your shelves.  As dreadful and time consuming as it sounds, it’s not as hard as you think – if you first implement a process that will enable you to easily perform the task. Many dealers think purchasing dealer management software […]

For most dealerships, parts & service will be one of the key profit centers of the dealership business.  But, the success of your dealership’s parts & service departments should be measured by customer satisfaction as well as profitability. Your dealership’s reputation is most likely impacted more by your customers’ view of your parts & service […]