PARTS REMOTE INVENTORY MANAGEMENT Use the Power of Its Data in Your Service Department P arts and Service networks have been governed by " Terms & Conditions " since the beginning of the motor age. Even though T&C is great at assigning responsibility for parts purchases, it is almost useless as a tool to serve customer needs or create supply chain efficiency. Modern service networks have moved to Remote Inventory Management (RIM) solutions that use demand in conjunction with sophisticated algorithms to ensure both high fill rates and efficient stocking are met. By using real time OEM and retailer data, RIM solutions create suggested stock orders daily for every retailer in a network. This process enables parts managers to focus their time on serving customers and selling parts (versus buying them). RIM IN A SERVICE NETWORK What happens when a service network adopts RIM? * Inventory for fast moving parts decreases, freeing up working capital and creating space efficiency. 48 * " YOU WILL HAVE MORE ACTIVE PARTS IN STOCK. " Locally stocked part numbers grow significantly - in some cases up to 50%! This enables more repairs to be completed in a single technician event. * Parts obsolescence decreases as Parts Managers order non-stocked parts one at a time. recognizing real demand from sales data from a proper RIM solution.