Parts Inventories

[Gerry Laughlin]

It's been many, many years since I have used an outside inventory company. Would anyone mind sharing how much they run these days?
Thanks,
Gerry

[BRIAN8474]

I've never used one, but a couple years back I was quoted ~12,000 by an inventory company. Due to the price the owners decided to just have the department conduct the inventory. for perspective the inventory is spread out over 7 locations with a total of about 3mil. to be honest though, money wise its cheaper to pay your guys overtime and have them do it... this last inventory cost my department about 8k in overtime and food.

[libertea]

Got quoted 16k recently, way too expensive these days.

[smoyer]

we used TDS (total dealer solutions) last time they were good, but I don't think they did any better than when we did our own

[smoyer]

I've never used one, but a couple years back I was quoted ~12,000 by an inventory company. Due to the price the owners decided to just have the department conduct the inventory. for perspective the inventory is spread out over 7 locations with a total of about 3mil. to be honest though, money wise its cheaper to pay your guys overtime and have them do it... this last inventory cost my department about 8k in overtime and food.

what is this overtime you speak of?

[AlanHomes]

I have pushed for years to let my employees inventory. Nope, accounting insists to have an outside company come in. Ok spend several thousand dollars and we still end up fixing errors for a month. Let those that know how to count, it's not as if you are printing count sheets with a current quantity on hand. Some of these jokers that come in from the outside look at a bag of seals, part number shows 1 #12345678 but there are eight seals in the bag. So they count eight. Dammit mofo, it's ONE just like the bag says. It's ONE kit with eight seals. If the bag shows 8 #12345678 the boneheads will count it as one.
Let the parts department do their own inventory.

[olepartsguy]

did you post this question on REDDITT? I see a similar post in the r/partscounter sub. Foe a 400,000 inventory I paid around 7,000. it took them 3 hours to count and then 2 hours for variance and such. start at 8 finish at 1. no write ins and over 10 percent pickup

[fxwgrider80]

We used an outside company where I used to work, still needed 2 or 3 parts people to
answer questions during the count process. Then we had to go back and check their
discrepancies and fix those. So, we end up paying overtime on top of the overpriced bill
they gave us. Then they had the balls to say we needed to change our
system to make it easier to count. That makes sense, make it easier for you for the
2 days a year you are here, and we can adapt to that. KMA.

[partsguy99]

The company I used "back in the day" got 2% of what they counted.

[Gerry Laughlin]

I did post this on Reddit. Overall, it seems to be 2% with discounts or addons depending on how well the inventory was prepped. I appreciate all of the input.
Thanks,
Gerry