How to Prevent and Address
Parts Obsolescence

Steve Jones, SJ Consulting

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Service & Parts Pathway: ​

Date & Time: Wednesday, December 6, 3pm - 4:30pm 

 *This session will be recorded and available on Dealer Week Online* 

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Learning Objectives: 

• Discover how to reduce parts obsolescence by identifying slow and non-moving
  parts and accessories before they become obsolete;

• Learn how to use cycle-counting to increase inventory accuracy, reduce shrinkage
  and identify high- and low-turn inventory;

• And pick up tactics for eliminating obsolete inventory as quickly as possible so it
  doesn't continue to lose value.

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Description:

As a service & parts professional, you want your parts department running like a well-oiled machine, efficient and effective.
 

If you can stock the right parts at the right time, you can meet customer – and service department – demands. You know service has a higher fill rate for high-use parts. When they’re in stock, it reduces your Repair Event Cycle Times and increases customer satisfaction.
 

But knowing those truths is different than achieving them, given all the obstacles in your way. The result is often a build-up of obsolete parts and accessories, which ties up operating capital. While your dealership can tolerate that when the flow of income is high and steady, today's slower market means more pressure on you to free up cash and prevent unnecessary spending.
 

That's the reason behind this session on managing your obsolete parts and accessories – and preventing a future build-up of aged inventory.

The tools, techniques and insight provided by veteran dealership consultant Steve Jones will help you free up funds that can be used to purchase fast-moving products. You’ll leave the session ready to increase turns, profits and productivity in your Parts and Service Departments, and avoid tying up cash due to similar challenges in the year ahead.

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