Parts managers struggling with inventory issues may find help in a new e-book published by PartsEdge, a leading parts sourcing and management software provider.
How To Identify Issues in Your Parts Inventory offers advice on how to improve inventory turns and fill rate percentages. The e-book, the sixth from the company, provides managers a formula for calculating those metrics.
Another tip in the book centers on the dealership management system, which is vital to parts operations. If DMS settings are incorrect, fill rates and profits will suffer. The book suggests parts managers conduct regular DMS reviews to ensure the settings are up to date and make any necessary adjustments before inventory performance issues arise.