Archive for: Learning On Demand

Before we can be of any value to anyone else we have to be of value to ourselves. That is an old adage, but it still rings true. Ignorance is not knowing what to do. How can we know what to do if we don’t understand basic finance?

Here we will expose and explain all aspects of the operating statement, the balance sheet, and the cash flow forecast. These are the three major documents in the world of finance. We will define and describe all of the terms that accountants use. There will be no mystery to basic finance when we are finished. We will explain cost of sales and what it consists of, as well as all of the various expense elements. Personnel Expenses, Operating Expenses, and Fixed Expenses are discussed so that everyone will be able to understand and accept how and why money is spent and how we make it.

The fundamentals of basic finance have been a mystery for too many people for far too long. This class gets past mystery so that the employees, in a parts business will understand the financial impact of each of their decisions.

When you have the part in stock you are the same as everyone else. The only part that matters is the one you don’t have in stock. The equipment and parts suppliers have made the ordering process so simple that we have lost sight of expediting and the purchasing function. If a machine is down, the customer wants the part now.

The first rule for a successful parts business is that the employees will not go home until every part that every customer or mechanic has ordered is either supplied, or the location from which it can be shipped is located. That doesn’t mean leaving it with a supplier that does not have the part on hand. This is expediting with a purpose, and we deal with what to do and how to do it to satisfy “Rule #1.”

Purchasing becomes the last resort in satisfying customer’s needs, as we will deal with the prospect that the part is not available in your supply chain. Finding alternate sources is not easy. Communicating with the customer on their options and penalties is even more challenging. All of the “in’s and out’s” of purchasing and the liabilities associated with supplying a part which is not from your original equipment manufacturer is discussed in detail.

Learn new methods to solve this age-old problem of finding every part that every customer or mechanic wants to have – the same day they want it – and doing that before you go home EVERY night: that is what is at stake in this important class.

What does it looks like when it is right? Performance in a Parts Department must maximize productivity, manage assets, and satisfy customers.  The first step to understanding and accepting what needs to be done is to have meaningful, measureable and achievable standards. How to develop your own standards and yet continue to reach for excellence is the theme in this class.

Individual employees want to do a good job, yet many do not know what doing a good job entails. This is a fundamental requirement of good management: communicating performance expectations and measures to the employees. In this webinar we will cover the fundamentals exposed by Patrick Lencioni in his important book “The Three Signs of a Miserable Job.”  Anonymity, Irrelevance and Immeasureability are the three symptoms of this disease which leads to the “Sunday Blues.”

Each employee can also deliver more than they think they can, yet each is fundamentally lazy. Leadership methods to entice or motivate employees to deliver good performance for coworkers, customers and the Company will be discussed in this extremely important program.

Have we completed the transformation of the inventory from being managed by people to being controlled by systems? This program will reintroduce the fundamentals of Inventory Control so that everyone can understand why we have the parts we have, and don’t have the parts we don’t have. In the market today, customers are demanding more service from suppliers, and suppliers are shrinking assets at the same time. That is quite a contradiction and one which is impossible to explain without knowledge of the subject. How do we expect the customer contact personnel to be able to serve customers without understanding Inventory Management? This class solves that problem.

The basics of order point and order quantity theory will be discussed and explained in a style that is simple and clear. Lead times, order costs and carrying charges will be exposed and details given as to their content. The fundamental metrics to employ to maintain control of the performance from the inventory rules in the dealer business system will also be covered.

Finally, the Backorder Analysis function will be described in detail such that the participants can proceed from the webinar to the operation and conduct this analysis to determine what it is that is causing backorders and what they should do about it. The program will provide you with the understanding and tools necessary to manage a parts inventory more effectively.

That big area in your facility stuffed with parts can and should be a showcase for your dealership. A distribution center which has been designed and developed to be space effective, productive and safe is a wondrous thing. Not many equipment dealerships have such a warehouse, do they? A warehouse stores parts, and it requires that there are aisles for people and equipment to perform the order picking and receiving functions as well as the physical counts. It also has to have packing and shipping benches as well as staging areas for inbound and outbound shipments. Finally, there are the shipping and receiving docks.

This class will present warehouse theory from what the location nomenclature – the location identification, should consist of to the sizing principals to use in determining the storage space required. It will expose different picking methods and the appropriate storage media and material handling equipment for each. The metrics of picking and packing, storage efficiency, shipping and receiving, and dock handling will be developed.

The overall sizing theory of cubic and square foot requirements for each part number stored as well as systems to utilize that will tell you which location size should be used for which part, and how many of each of these location sizes are required helps with the designs and layouts of your warehouse in a manner that can be used by everyone.  This is a commonsense program exposes a little understood area in a dealership: the warehouse.