“All human actions have one or more of these seven causes: chance, nature, compulsions, habit, reason,…The whole is more than the sum of its parts…” Aristotle. Part Bins (not to be confused with bit parts – indicating a tiny role played in a movie or play), are pieces of equipment used for storing a wide range of items. They can be manufactured from a select range of materials, namely plastics, fibreglass or steel. And they’re forming a solid storage foundation for the successful modern-day operation or business. The clearest picture one can get where these useful items can most generally be found would be in a workshop of garage. Imagine if you can, the number of variables needed in nuts and bolts, for instance.
Parts and accessories are often considered to be an equipment dealer's best profit opportunity, at least in terms of gross margin. As lucrative as a parts operation can be, however, it can also become a hindrance. Disorganisation, excess inventory and dead stock can add cost, reduce profits and impede growth. Even worse, it can drain resources from other areas of the dealership and impede their growth, as well. In other words, what can serve as a cash cow can soon become a millstone around a business’s neck. Getting on tope of inventory is just one way for a workshop or garage to improve sales, increase margins and reduce costs. And this is where the simple part bin makes clear sense, in that it is just one way to determine appropriate stocking levels.
Maximising space is another way to reduce inventory cost and improving gross margin. They can help create a more efficient, productive environment that will help keep the parts department's net profitability from bottoming out. It's amazing how much space can be found once all the waste and clutter is eliminated. A lot of dealers hold onto old equipment, obsolete parts and other odds and ends that are just sitting around collecting dust. Cleaning those things up will create more room for storage. Businesses who have implemented parts storage solutions vouch for the fact that part bins reduce the amount of space used to store inventory, allowing them to keep a more accurate, lower inventory level. They also make finding parts a lot easier. Parts stay a lot cleaner tucked away in part bins. This kind of organisation also makes parts returns a lot easier. A lot of larger dealers have moved to part bin location systems. A spin off having a clean, neat and tidy system, such as a garage where part bins are used, creates the impression of a well-oiled machine, and looks more professional in its overall operation. This can instil a feeling of confidence in a prospective client, and can lead to referrals, as well as return customers. In a company dealing in merchandise, it helps to clean up inventory and improve organisation. There's no rule that says the entire parts inventory has to be stocked in the back room, keeping in mind that packaging is a lot better today, a showroom can be enhanced by some innovative thinking - an imaginative showroom blatantly stocking its wares in funky part bins can revolutionise sales. It’s all about updating materials and showcasing as many of those fast-moving parts as possible.
Big Dug is your one-stop-shop for all your racking, part bins and storage needs.
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