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Presenter: Rob Campbell of Mironov Sloan & Parziale
Original Air Date: April 7, 2011
Program Length: 120 minutes
An in-depth and practical look at specific steps to take to reconcile your General Ledger to your Actual Parts Inventory figures.
The Service Department sells a perishable product – labor, while the Parts Department sells a more durable product – its inventory. Inevitably this leads to pressure on the parts manager as service technicians think parts should stock at least one of everything to make their jobs easier while the dealership owner focuses on keeping inventory levels low. This inevitably results in distortions that show up when the parts manager’s pad doesn’t match the controller’s general ledger. Investigating the discrepancies can be a daunting task. But by using a methodical method for reconciling the two you can locate the error. In this workshop you will learn the tricks that will help you solve your part inventory issues. While DealersEdge has touched on this topic in the past, we encourage you to join us on April 7th for a more in-depth look at the issues surrounding parts inventory reconciliation.