Salvage Wire

Salvage Wire
Helping Automotive recyclers become leaders in their industry

Monday, 3 January 2011

Stock Control and Inventory

Knowing what is in the yard and the condition of the parts will become increasingly important. Operations that can give an immediate answer to customer enquiries are more likely to turn that enquiry into a sale. Salvage yards that have to check what is in the yard, or are unable to give full details of the donor vehicle (age, mileage etc.) are less likely to create a sale.
Amazingly, I still visit yards around the UK where the stock control is in the bosses head, or they have to phone the customer back after they have checked the vehicles in the yard. Customers do not want to wait, they need an answer immediately otherwise they will contact another company and never come back to you.
Stock control is increasingly important for controlling costs and stock levels, accurate stock control systems can show how many items are in stock, how often they are sold, what is in demand and where there is too much stock, and can be an invaluable tool to make certain new stock coming into the yard can be turned into sales very quickly.
Accurate stock control will guide users by highlighting parts that are in demand and require removal and storage, and avoids the unnecessary expense of stripping parts that take ages to sell, or are added to already high volumes of unsold parts.
If you do not have a stock control system I suggest you take a look at the computer systems that are available, devise your own paper or computers based process, or just have a look around the yard, take an inventory of vehicles and parts available, work out when you last sold one of these parts and decide if it is worth keeping

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