Parts Reconciliation Without the Year-End Surprise - Live Webinar Series Replay

Join our Live Webinar Series replay with Chuck Hartle, for a gritty and motivating deep-dive into Parts Reconciliation—one of the most critical (and, let's be real, stressful!) tasks facing dealership parts managers.From month-end headaches to real-world tales of missing inventory and reconciliation “gotchas,” Chuck Hartle explains how to fix the foundation, turn inventory faster, and give parts managers back control of their numbers. Hear actionable guidance, common pitfalls, and the team’s most powerful tools for reconciling inventory every month, with plenty of energy and collaborative expertise.Whether you’re proactively dialing in your department or face a surprise shortfall, this episode is your co-pilot to smarter processes, fewer emergencies, and inventory that’s never a guessing game.--------------------------------------------This show is powered by PartsEdge: Your go-to solution for transforming dealership parts inventory into a powerhouse of profitability. Their strategies are proven to amp up parts sales by a whopping 20%, all while cutting down on idle inventory. If you're looking to optimize your parts management, visit 🔗 www.partsedge.com.--------------------------------------------TakeawaysMonthly reconciliations catch issues early—fix the foundation, don’t fight constant “emergencies.”Keep thorough records for cores, return claims, and work-in-process—missing these can throw off your whole inventory picture.Understand and communicate with accounting—80% of inventory issues are posting problems, not warehouse mistakes.Chapters00:00 Handling month end reconciliation06:43 Investigating inventory discrepancies09:33 Tracking inventory and credits spreadsheet13:23 Managing negative inventory issues16:17 Managing invoiced but unreceived inventory19:30 Resolving WIP variance issues22:07 Investigating dealership invoice errors25:03 Handling warranty and parts billing27:13 Dealing with inventory discrepancies31:46 Managing inventory accuracy34:20 Challenges for controllers at month end37:44 Monthly inventory and reconciliation tips41:47 Wrapping up and next steps