The functioning of any company depends on the implementation of numerous operating protocols in each department.
When we talk about auto parts distributors, the main areas of work where we must implement our protocols are:
Inventory and orders
Warranties and returns
As we know, for auto parts distribution companies, the operating protocols related to the warehouse are of utmost importance. Improving warehouse management helps improve customer service, since the products requested are available when they are requested, obsolete or low-selling products are reduced as much as possible, we keep track of the optimal levels of each product, etc.
Operating protocol for warehouse management
When companies improve their operating protocols there is a gain in efficiency and raise productivity. The problem is that the optimization of operating protocols has a limit and in the end, the competitive advantage we can achieve with respect to our competitors is practically non-existent.
For this reason, innovation or improving processes through the implementation of emerging technologies is the only path we have toward gaining a clear competitive advantage. In fact, the appearance of emerging technologies allows us to improve in operating protocols that until now were totally unimaginable!
Let’s take a look at some of the competitive advantages we can gain when we incorporate the latest information technology:
1.Determine with total certainty if a product is worth adding to our warehouse or not.
How? By accessing a detailed analysis of the sales potential of any product (even if the product is UNKNOWN to us).
2. Easily incorporate all interesting products with sales potential into our warehouse every month.
How? Based on a list of products with the highest sales potential which we still haven’t included in our product range.
3. Find out if we are providing our clients with good service and discover the interests of a client and/or country in particular.
How? By analysing our product range analysis reports and accessing to a specific client or country data analysis.
4. Easily keep our cross-reference list up to date.
How? Based on a list that contains the most popular references on the market (OE, OEM and IAM) that are equivalent to our products, but for which we have no cross-reference in our database.
Can you imagine having all these competitive advantages at your disposal to use every day in your operating protocols?
Naturally, we always have to weigh the cost of implanting any new technology against the benefit it will provide us, but we also have to decide if this disruptive technology will allow us to differentiate ourselves from our competitors in a substantial way.
Market Expert: Demand-driven analysis platform for automotive aftermarket parts.