Chuck Hartle is the co-founder and President of PartsEdge, a powertool for Dealerships Parts Operations, helping to increase DMS utilization, improves efficiency, accuracy, and profitability with solid and consistent plans for eliminating all types of idle inventory in a Parts Operations. With over 40 years in the auto industry Chuck has the know-how and love for the industry that has enabled PartsEdge to identify the biggest needs of dealerships.
Today, we're diving deep into the financial impact of inventory obsolescence—a challenge costing parts managers and dealerships millions. Chuck sheds light on how frozen capital acts as dead wood, hindering financial performance, and how manufacturers' Automatic Stock Replenishment (ASR) programs play a part.
We'll explore strategies to mitigate obsolescence, the importance of collaboration between parts and service departments, and practical steps to ensure that what's ordered is truly needed. Whether you're a dealer, a parts manager, or just passionate about the automotive industry, you won't want to miss this.
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This show is powered by PartsEdge: Your go-to solution for transforming dealership parts inventory into a powerhouse of profitability. Their strategies are proven to amp up parts sales by a whopping 20%, all while cutting down on idle inventory. If you're looking to optimize your parts management, visit 🔗 www.partsedge.com.
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Takeaways
Identify frozen capital early.
Enhance collaboration.
Leverage ASR programs.
Quote
“Anybody can guarantee what sells; the tough thing is trying to control what doesn't sell.” - Chuck Hartle
Connect:
Chuck Hartle
LinkedIn: www.linkedin.com/in/chuck-hartle-1923ab14
Website: www.partsedge.com
Kaylee Felio
LinkedIn: www.linkedin.com/in/gotopartsgirl
Website: www.partsedge.com