7 Ways to Organize Your Parts Inventory the Right Way

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 […]

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Inventory control goals

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 […]

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Inventory plans

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 […]

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Set inventory goals

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 […]

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Guidelines for Service Advisor

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 […]

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Organize inventory

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 […]

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Dead Inventory

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. […]

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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 […]

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As you know, 2020 hasn’t been an easy year, yet despite the odds, many dealers are not just surviving but actively thriving in today’s market.

So, what does 2021 hold?

Find out in our Trends Report.