You’ve Asked Your Parts Manager To Cut The Parts Inventory Value – But What You Don’t Know Is…
Dealer Principals and General Managers all have to find the fine line between how much capital invested in parts inventory is enough to facilitate customer and shop demand, and when enough is enough.
There are substantial unintended consequences by mandating the total parts inventory value be cut, or that the parts inventory value drop to 1.5 Months Supply if it’s greater. Not to say either of these is bad, but the implementation is what’s most important on the ground level, by the Parts Manager, to achieve your goal.
You have to watch this video if you want to go about capping or reducing the parts inventory value without causing major problems. It’s all in the plan and proper execution.
You can find the video here on our site,
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