More than 60% of dealers who responded to Farm Equipment’s 2017 parts operations survey indicate they’ve made modifications to how they manage their parts inventories during the past 3 years. Here’s a list of several changes dealers say they have made to improve parts operations.
- “Went to central ordering of stock orders.”
- “Lowered depth and increased breadth of parts inventory.”
- “Better inventory management and return processes.”
- “We’ve increased inventory. We’re not just looking at history, but we’re also looking at sold-ahead reports to predict what we need to stock that we wouldn’t have history on. We’re also stocking more on term orders to help with margin.”
- “It used to take 3 customer calls per store before we would stock it, now it’s 3 calls into the company and a store will stock it.”
- “Trying to pay the parts people more on an incentive system.”
- “Increased inventory to increase fill percent and customer satisfaction.”
- “Focusing on dead inventory and reducing inventory.”
- “Carrying fewer older parts and trying to follow a better plan on what could break on new equipment as our list of parts to have on hand. We’re also listening more to mechanics and what they see could be a problem.”
- “Min./max. set-up cycle counts, carrying less inventory, run lean and mean, better merchandising on the floor.”
- “Reduced old parts, watching metrics closer, expanding offering.”
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