Free Online Workshop Forced Stock Identification and Control

[John@DealersEdge]

Join us live Nov 10.. https://www.dealersedge.com/drk2

Featuring: Chuck Hartle’ of PartsEdge
Air Date: November 10, 2022
1pm Eastern/ 12pm Central / 11am Mountain / 10am Pacific
Program Length: 30 minutes

Forced Stock has a nasty habit of sitting on the shelf and ultimately becoming Obsolete. Early Identification of the true sources of Forced Stock can help you manage this trend effectively…

​In this workshop for Parts Managers Guru Chuck Hartle’ examines the causes of “Forced Stock” in your inventory and how to detect it early so that you can lessen its impact on Obsolescence.

​Chuck will discuss ways to manage:

 Over-ordering by Technicians
 Automatic Stock Replenishment (ASR) Programs making the problem worse
 Returns from body shops and other wholesale customers contributing to the losses
 The customers failure to return for the actual repair
 Training of Service Advisors and Techs to lessen impact of “ordering error”
 Your “gut instinct” causing needless speculation and ultimate obsolescence losses

https://www.dealersedge.com/drk2

[C8RFAN]

Registered! Thanks!!

[PartsDanager]

Registered as well. Manufacturers are finding ways to overload dealers with parts that have middling probability of sale. However, my gut instinct is always correct. I refuse to see any data to the contrary

[AlanHomes]

Featuring: Chuck Hartle’ of PartsEdge
Air Date: November 10, 2022
1pm Eastern/ 12pm Central / 11am Mountain / 10am Pacific
Program Length: 30 minutes

Forced Stock has a nasty habit of sitting on the shelf and ultimately becoming Obsolete. Early Identification of the true sources of Forced Stock can help you manage this trend effectively…

​In this workshop for Parts Managers Guru Chuck Hartle’ examines the causes of “Forced Stock” in your inventory and how to detect it early so that you can lessen its impact on Obsolescence.

​Chuck will discuss ways to manage:

 Over-ordering by Technicians
 Automatic Stock Replenishment (ASR) Programs making the problem worse
 Returns from body shops and other wholesale customers contributing to the losses
 The customers failure to return for the actual repair
 Training of Service Advisors and Techs to lessen impact of “ordering error”
 Your “gut instinct” causing needless speculation and ultimate obsolescence losses



Overordering by mechanics Send the parts back to GM on a CSO return and charge their 35% fee to 6104
Returns from body shops and wholesale customers Send the parts back to GM on a CSO return and assess the 35% restock fee on their credit invoice. Body shops love to order parts, then send them back for credit, yet bill the insurance company and turn the extra into cash/labor or put towards cheap aftermarket parts.
Customer failed to return Any special order part that is not warranty will be paid for in advance. If the service/body shop fails to get the customer back in return them to GM on a CSO return and charge the restock fee to 6104
My gut tells me it's time for lunch