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Tackling DMS Challenges with DealerTrack and PBS ft. Chuck Hartle
Unravel the Complexities of Dirty Core Management to Streamline your Dealership's Inventory Processes and Improve Efficiency.
In the automotive parts industry, managing inventory is a crucial yet challenging task. One commonly misunderstood element involves dirty cores. These components are pivotal in maintaining accuracy in inventory records. Let's explore the intricacies around dirty core management, addressing common issues and offering practical solutions for dealership success.
Understanding Dirty Cores
In the automotive world, cores are parts that can be remanufactured or recycled. These cores are typically exchanged when a new part is purchased. However, a crucial aspect often overlooked is the dirty core. A dirty core remains in the system until it is physically returned for credit. Understanding this is foundational to managing a healthy inventory.
Challenges with Dirty Core Management
Managing dirty cores poses several challenges, primarily due to system discrepancies. As highlighted by Chuck Hartle, certain dealership management systems (DMS), such as PBS and DealerTrack, have their distinct ways of handling cores. They often include a status called 'core', indicating dirty cores but may underreport them. This can create initial confusion in inventory assessments.
Moreover, discrepancies arise when dealers fail to minus out cores once credits are received, as Kaylee points out. Without proper handling, dirty cores inflate inventory values, leading to inaccurate reports. Therefore, understanding the nuances of your chosen DMS becomes essential.
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This show is powered by PartsEdge: Your go-to solution for transforming dealership parts inventory into a powerhouse of profitability. Their strategies are proven to amp up parts sales by a whopping 20%, all while cutting down on idle inventory. If you’re looking to optimize your parts management, visit 🔗 www.partsedge.com.
——————————————–
Key Takeaways
- Understanding and managing dirty cores is vital for accurate inventory records.
- Educational programs on dirty core systems can provide a strategic advantage.
- Proper reconciliation of core inventory is crucial for financial health.
Quote
“If you can't beat them, join them. That's what I say.” -Chuck Hartle
Chuck Hartle
LinkedIn: www.linkedin.com/in/chuck-hartle-1923ab14
Website: www.partsedge.com
Kaylee Felio
LinkedIn: www.linkedin.com/in/gotopartsgirl
Website: www.partsedge.com
View all episodes
By Kaylee Felio, the Parts Girl
5
1414 ratings
Unravel the Complexities of Dirty Core Management to Streamline your Dealership's Inventory Processes and Improve Efficiency.
In the automotive parts industry, managing inventory is a crucial yet challenging task. One commonly misunderstood element involves dirty cores. These components are pivotal in maintaining accuracy in inventory records. Let's explore the intricacies around dirty core management, addressing common issues and offering practical solutions for dealership success.
Understanding Dirty Cores
In the automotive world, cores are parts that can be remanufactured or recycled. These cores are typically exchanged when a new part is purchased. However, a crucial aspect often overlooked is the dirty core. A dirty core remains in the system until it is physically returned for credit. Understanding this is foundational to managing a healthy inventory.
Challenges with Dirty Core Management
Managing dirty cores poses several challenges, primarily due to system discrepancies. As highlighted by Chuck Hartle, certain dealership management systems (DMS), such as PBS and DealerTrack, have their distinct ways of handling cores. They often include a status called 'core', indicating dirty cores but may underreport them. This can create initial confusion in inventory assessments.
Moreover, discrepancies arise when dealers fail to minus out cores once credits are received, as Kaylee points out. Without proper handling, dirty cores inflate inventory values, leading to inaccurate reports. Therefore, understanding the nuances of your chosen DMS becomes essential.
——————————————–
This show is powered by PartsEdge: Your go-to solution for transforming dealership parts inventory into a powerhouse of profitability. Their strategies are proven to amp up parts sales by a whopping 20%, all while cutting down on idle inventory. If you’re looking to optimize your parts management, visit 🔗 www.partsedge.com.
——————————————–
Key Takeaways
- Understanding and managing dirty cores is vital for accurate inventory records.
- Educational programs on dirty core systems can provide a strategic advantage.
- Proper reconciliation of core inventory is crucial for financial health.
Quote
“If you can't beat them, join them. That's what I say.” -Chuck Hartle
Chuck Hartle
LinkedIn: www.linkedin.com/in/chuck-hartle-1923ab14
Website: www.partsedge.com
Kaylee Felio
LinkedIn: www.linkedin.com/in/gotopartsgirl
Website: www.partsedge.com