Parts Operations Virtual Discovery and Clinic:
Mastering Inventory Performance
 
Get better inventory performance and strengthened cash flow and sales with the KEA Advisors Parts Operations virtual clinic dedicated to parts training for Parts Manager, Directors, COO's, Inventory Control Staff using the CDK dealer business system.
 
The outcomes of participating in this clinic are:
  • Enhanced first-time fill rate from inventory that improves customer retention
  • Increased inventory turns that improves cash flow
  • Improved internal controls to strengthen the physical to GL, give more accurate inventory data, reduce possible fraud
  • Get better information to make better decisions
 
Inventory is the focus that drives increased sales, gross profit, employee productivity, customer satisfaction, and overall parts department profitability. Participants will:
  • Assess current parts department performance
  • Learn best practices in CDK set-up, utilization, and reporting
  • Develop best in class processes for inventory management, ordering practices, receiving practices, and overall financial performance
  • Recognize opportunities from a gap analysis
  • Identify their most important goal, and create an action plan for achievement
 
With your instructors Valerie Woods and Keith Ely of KEA Advisors, this two week clinic will bring you significant parts department improvements, improved CDK utilization, and skills to raise your parts department's performance to best in class.
 
Dates: July 13-24, 2020 2 daily sessions, 2 hours each

 
KEA Parts Self Assessment Guide now available!
 
KEA Advisors wants to help you analyze your current skill set, knowledge of industry standards, DMS usage, and evaluate existing Standard Operating Procedures (SOP).
 
We have developed a Parts Self Assessment Guide to easily analyze and focus on:

  • Strengths
  • Current processes and procedures
  • Opportunities to improve skills
  • Opportunity for growth within your organization
  • Do you have the required skills to successfully perform your current position?
 
After completing the guide, you will receive a complete analysis with weighted averages per response, a score per each of the nine areas included in the guide, and an overall score.
 
If you are a Fixed Operations Director, Parts Director, Owner or President, please contact us for a separate Parts Assessment Guide for your organization so you can receive Guide result metrics specific to your company.
 
Parts Inventory Health Check

Cash is King – always. Having cash in the bank – now and growing in the future - is always rule one with any business. Our Parts Inventory Health Check will identify specific (by part number and quantity) opportunities to have the correct part on the shelf in the correct quantity. This is both increasing first-time fill from inventory and lowering the inventory investment. The result – more cash now and in the future.

We’ll provide detailed analysis on first-time fill rate, identifying and consolidating duplicate part numbers, and inventory depth (removing excess, identifying transfers within the various rooftops rather than reordering, obsolescence etc).

Get your parts inventory right-sized and gain control of your pricing strategy with the KEA Parts Inventory Health Check.

Do you know what the trend in your Volume Indicators currently is? Which influencing factors are you seeing and feeling within your dealership? Our 2020 Volume indicators are updated weekly. Click here to read more and see our Parts and Service Volume Indicators.
KEA Advisors
785-842-6498
PO Box 1229
Lawrence, KS 66044