Is Your Parts Inventory a Hidden Liability?
Did you know your parts inventory is likely the second-largest liability on your books?
We wouldn't let a used car sit for 12 months—so why allow it in your parts inventory?
Effective parts inventory management is essential to optimizing fixed operations performance. Understanding how each part category behaves throughout its lifecycle helps reduce liability, improve cash flow, and enhance efficiency. But is your inventory truly healthy?
Ask yourself—are you receiving these critical insights every month?
- Comprehensive reporting that identifies all liability parts in your inventory.
- Clear, actionable plans for removing or repurposing aged and inactive parts.
- Accurate monthly reconciliation aligning your inventory with your general ledger.
If you’re not receiving this vital information, managing your parts inventory effectively is nearly impossible. Unidentified liabilities tie up capital, inflate costs, and erode profitability.
Mitchell’s Inventory Wellness Process
At Mitchell Automotive Services, we bring over 30 years of fixed operations experience to help dealerships uncover and resolve inventory challenges. Effective inventory management isn’t a one-time event—it’s an ongoing discipline that requires consistent review, accountability, and data-driven insight.
Our specialists work directly with your team to develop a tailored strategy that identifies risk areas, eliminates aged inventory, and improves accuracy. Whether you’re preparing for a buy/sell transaction or simply need a clearer financial picture, we can help.
Contact us today for a no-obligation quote and take the first step toward transforming your parts inventory management.