Not being in control can be irritating. Within the automotive sector there are many times you may be at the mercy of your supplier. Having the right tools for inventory acquisition helps you mitigate the risks involved with this. How many times has this happened to you? A customer calls you after scheduling a repair. You get the parts ordered and they agree on a time to have it serviced. Minutes after you receive a call from your tech saying the parts are not on hand. Now you are left to find a fix quickly or potentially lose the sale.
Managing your stores supply chain will cut down on these occurrences. Keep an eye on your supplier’s stock through the purchasing window. You can see which parts you have on hand at a glance and identify which ones are the fast movers. On top of that you have quick access to your suppliers to schedule a restock when you are running low. Alternatively, you can manage your order points and min/max so they may be added to the next PO automatically.
You don’t get all your inventory from one place, but that doesn’t mean you can’t manage it all from one. Use Rev Parts Management Software to manage your interactions with suppliers and keep your resources flowing unhindered. Using the order point calculator report you can keep moving pieces coming in and adjust points on some of the slower pieces. Additionally using the forecasting feature you can see what parts are likely to keep moving, so you know to stock up when building the next purchase order.
When building your orders, you can see the weight of each piece as it is added. Using this feature, you can create pallets that are each filled but not unmovable. Few things slow you down more than an overstuffed order that breaks the pallet or collapses halfway into the store and has to be broken down to get it out of the way.
When building PO’s weight isn’t the only thing that can be seen. Orders may be broken down by dollar amount, unit amount, or even volume. Going by volume allows you to get the most out of each shipment you pay for. Maximize shipping container space in orders by getting as close to 100% as you can, vs paying for multiple shipments. When going by monetary amount each part you add to your order increases the percentage to reflect how close you are to being eligible for free shipping. The same goes for unit amount, although rather than percentage it provides a quantifiable number.
Keep track of how much you owe your suppliers. This even breaks down to warranties, defects, credits and cores, so you can see where you have credits to apply, and who you still owe core returns to. With EDIs send your PO’s to vendors directly rather than printing them to scan or fax over. You may also import invoices to efficiently compare billed invoices against quantity and cost. This will make your line item pricing accurate and keep accounts payable correct. Using Rev Parts Managements vendor invoice reconciliation could save you an average of 80 work hours a month.
Rev Parts can help keep your parts constantly moving. Increase your efficiency with accurate shelf counts, scheduled deliveries, and adjusting order min/max as needed. Ensure the right parts come in with each shipment by scanning in orders. Keep inventory accurate using the scan tool as they go out the door. Use the e-commerce catalogs to make sure you have the right parts coming in, complete with images uploaded from the Epicor cataloging system.
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