S
P
A
R
E
T
O
U
C
H
Spare Touch provides consulting to optimize spare parts management for automotive dealers.
OC-1292, 12th Floor, Gaur City Centre,
Char Murti, Greater Noida West 201318
Efficient storage, flawless fulfillment, and seamless scaling start with smart warehouse setup. This involves strategically organizing products, storage systems, and equipment within a logistics facility to enhance key operations: receiving, storage, order picking, and shipping. In industries like automotive, warehousing spans diverse activities to manage and organize inventory efficiently, supporting a well-functioning supply chain. Regardless of the product, every warehouse performs essential tasks: moving, storing, tracking, and dispatching items. These core functions require four main categories of equipment: storage, material handling, packing and shipping, and barcode tracking systems.
Operational excellence is a way for organizations to create a roadmap toward continuous improvement in a complex business environment. Its goal is to give companies a competitive advantage. If done right, operational excellence helps business leaders make better decisions and employees show continuous improvement. Achieving operational excellence in the automotive industry requires a focus on improving processes, reducing waste, and enhancing customer value.
At its core, Automotive Inventory Management is the systematized approach to sourcing, storing, and selling inventory—both raw materials (parts) and finished products (vehicles). This strategy ensures that businesses maintain optimal stock levels, reducing costs while ensuring product availability. In today’s fast-paced world, effective vehicle inventory management is crucial for businesses in the automotive industry. The ability to efficiently track, monitor, and maintain a fleet of vehicles can make all the difference when it comes to maximizing productivity, reducing costs, and ensuring customer satisfaction.
As per the survey done over 56 dealerships in the passenger cars segment in India, about 46% of the dealership’s parts inventory is either termed as ‘Dead’ or ‘Slow Moving’ i.e. not retailed in last 90 days. Impact on a dealership’s cash flow is very high because of such dead stocks, especially when this business runs on very thin margins. Without proper inventory management, dead stock tends to accumulate over time and eat away at your profits. Practising effective inventory management techniques helps to reduce the quantum of dead stock and improves business viability.
