General Session: Metrics & Benchmarks that Maximize Your Service Parts Inventory ROI

Back by popular demand, Dean Devore, general manager of Parts Academy, shares 4 operational ideas that will maximize your parts inventory ROI. “Two of these strategies are often overlooked by dealers today,” Devore says. “Inworking with ag and construction equipment parts departments every day, I frequently see strong teams missing the opportunity to optimize their inventory investment using these 2 tactics.

The other two strategies are commonly addressed, but rarely optimized— and their true impact on ROI is often not fully understood.” For each operational idea, Devore shares the metrics and benchmarks dealers can use to measure improvement, along with a short list of practical action steps you can begin implementing immediately.

You’ll Learn: How to boost sales, customer satisfaction &technician efficiency by increasing fill rates. Improve inventory turns to free up cash & reduce operating debt. Leverage an “inventory profile” approach to strengthen overall inventory health