Measuring Parts Department Profitability

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Gain knowledge of profit centering for a parts department. Learn how to use a variety of templates and metrics to evaluate gross profit by expense categories, evaluate the parts to labor ratio, reconcile the parts inventory between the dealer management system and financial statements and monitor stock purchases. Compare gross profit, expenditures, and inventory values against NADA guides and profiles to identify areas of opportunity for improving profitability.

Tags: IOC, Interactive Online Course, Business Strategy, Business Management, Parts Department Profitability

 


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