PartsEdge, a leading parts inventory and management service provider, announced the company had an explosive year with more than 30% growth to end 2022.
PartsEdge Sales and Marketing Manager Kaylee Felio attributes the tremendous growth to the influx of new parts managers and the growing importance of training for technology systems that will help them succeed.
“We have a large amount of new Parts Managers either being recruited up or coming into the industry for the first time and it’s important for these managers to have their finger on the pulse of any issues that may arise. From challenges with parts obsolescence to the uphill battle of getting the best possible return on the Dealer’s parts investment, the current landscape is complex. PartsEdge was built from the ground up to directly point to and help solve these critical business areas,” said Felio.
Clients of the company are seeing large gains through their use of the service with one dealer group seeing an 87% reduction in overall obsolescence, an $80,000 reduction in total inventory investment and a +62% increase in productive active selling parts, this last year.
“Dealerships are realizing how critical their Parts department is in the overall profitability of their business. In short, parts pays the bills, why not make more profit?,” said Felio.
For more information on PartsEdge and how it can help your dealership parts department set up price matrixes for maximum success, understand your underlying parts data, and reduce obsolescence, visit www.partsedge.com. In addition, Parts Managers can download free e-books covering many of these topics by visiting: https://www.partsedge.com/ebooks.
