A Dealer Guide to Parts Inventory Management

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SP21_Parts_Inventory_150wThis dealer guide discusses seven key indicators of inventory performance: days' supply, level of service, obsolescence, non-stock investment, non-stock sales, emergency purchases, and lost sales. The asset management section focuses on the three “control” functions necessary for responsible stewardship of the parts inventory: consistent bin checks (commonly known as “perpetual inventories”), annual physical inventories, and monthly book-to-system inventory reconciliations. A Parts Inventories Monthly Reconciliation Form is provided at the end of the document for your dealership to use to do a book-to-system reconciliation and calculate any variances. 

Tags: Driven Management Guide, SP21, Performance, level of service, parts obsolescence, SOP, special order parts, reconcilation form, Parts, Inventory, Management, ATD, Commercial Truck, Heavy Duty Truck, #MemberBenefits, #DrivenGuides

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