Fixed Ops Magazine - 2023 Vol20 01 - 54

PARTS DEPARTMENT BY KAYLEE FELIO
HELP
YOUR PARTS
MANAGERS
SUCCEED
Top Six Best Practices from Most
Successful Parts Managers
I
n 2022 we had the pleasure of interacting with many
different Parts Managers and noticed the most successful
Parts Departments in the country were all
following a similar path. They had a number of best
practices at their disposal that made their department
not only a profit-center in their store but THE top profit-building
team in the dealership. They were extremely
aware of their inventory and stocking levels, knew how
to balance low to zero obsolescence, got rid of inventory
that was just taking up space and used technology to
help streamline their operations.
So, without further ado and as we move into a new year,
below are the top six best practices we have seen from
the most successful Parts Managers we spoke with last
year. We hope the below will help your team move into
a highly successful and profitable 2023!
1. THEY STOCK PARTS FOR A
60 DAY SUPPLY
Excess inventory is defined as parts that have an on54
hand
quantity that exceeds your calculated Best Stocking
Levels. These are usually parts that sell regularly and
well, such as spark plugs, oil filters and brake pads. Some
of the best Parts Managers we've had the pleasure of
meeting make it a best practice to not over-order on
these parts and check excess stock levels weekly. They
tell us a 60 day supply is sufficient for each part. After
that, you're just taking up valuable shelf space.
2. THEY KNOW A " HEALTHY " AMOUNT OF
OBSOLESCENCE IS INEVITABLE
Of course, no matter how often you check stock levels,
a certain amount of obsolescence is inevitable, but the
goal remains at zero. While return allowances can help
offset the cost of discarding obsolete stock, a strategy
that doesn't take into consideration where obsolescence
is coming from will result in sticky obsolescence
that keeps coming back. The best Parts Managers we
know understand what a " healthy " amount of obsolescence
is for their store and have a solid plan for getting
rid of extra and forced inventory monthly.

Fixed Ops Magazine - 2023 Vol20 01

Table of Contents for the Digital Edition of Fixed Ops Magazine - 2023 Vol20 01

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