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Recent Posts in Managing Your Parts Inventory

Five Sure-Fire Ways to Manage Special Order Parts … Before They Age

Five Sure-Fire Ways to Manage Special Order Parts … Before They Age

By: OEC Staff | March 5th, 2015

Special order parts (SOP) can be one of the biggest contributors to bog down a parts inventory.  Often considered a problem borne of service advisors placating customer requests, special order parts can become everyone’s profitability problem the moment a service…

Got Idle? Top Techniques for Managing Obsolete OEM Parts

Got Idle? Top Techniques for Managing Obsolete OEM Parts

By: OEC Staff | January 21st, 2015

The world of OEM parts inventory management isn’t what it used to be. Today’s parts managers are increasingly feeling the “big squeeze” as OEMs tighten returns programs and active parts life cycles shorten. All in all, it’s a recipe for…

Sacrifice Gross Profit to Win Conversion Parts Sales?

Sacrifice Gross Profit to Win Conversion Parts Sales?

By: OEC Staff | January 21st, 2015

What kind of crazy idea is this!?  Experienced parts managers know that gross profit (GP) is essential to a successful money-making business. So where does the logic come in? In today’s competitive marketplace, parts managers are recognizing the need to…

Reclaim High Growth DIY Market With Online Parts Sites

Reclaim High Growth DIY Market With Online Parts Sites

By: Ashraf Sobeh | January 15th, 2015

If you thought DIYers represent a “dying breed” as they seek lower prices and more convenience with aftermarket retailers, think again!  This traditionally smaller market segment is starting to soar as online OEM parts websites make parts purchases easier and…

Cut the Fat Out of Wholesale Delivery Costs

Cut the Fat Out of Wholesale Delivery Costs

By: OEC Staff | December 31st, 2014

Any Parts Manager worth his salt knows that expense management is hyper-critical in the low-margin, high-overhead business of wholesale parts. As a technology supplier to the largest, most efficient automotive original equipment parts wholesalers nationwide, OEC has the unique opportunity…

Idle Parts Left Idle Breed Profit Disaster

Idle Parts Left Idle Breed Profit Disaster

By: OEC Staff | December 31st, 2014

Even the shrewdest, most experienced parts managers have idle inventory.  In fact, according to the NADA Data Analyst Division, the average dealer has $27,500 tied up in idle inventory.  On the surface, this may not sound like much when you’re managing fast-moving…