Having old parts in your inventory wastes valuable space and costs you money.
By Denise L. Rondini, Executive Editor
Parts that sit on your shelf month after month not only aren’t making you any money they actually are costing you money by preventing you from carrying items that you actually can sell.
There is an art to managing a truck parts inventory to make sure you have the right parts in the right quantities on the shelf when your customers need them. The pace of product development and changes has further complicated an already complex process.
The fact that fleets are laser focused on keeping their trucks on the road is putting even more pressure on parts managers to have parts readily available. However, no dealer can stock every part that might be needed, so they have to use a combination of in-stock parts and emergency parts ordering to meet customer needs.
No matter how diligent a dealer is, it is likely there always is going to be some obsolete inventory. The goal should be to identify it as quickly as possible, take swift decisive action to get it off the shelf and then analyze how that part ended up becoming obsolete.
