BEI Services, Inc. Releases New Software Product to Help Companies Avoid Parts Obsolescence5 Jun, 2013
Cody WY - June 3, 2013 - BEI Services Inc. announced the release of their newest software product called AIM (Advanced Inventory Management), and the creation of a new company and ecommerce solution called Overstockpartsnetwork.com. The new AIM product will provide companies a number of beneficial reporting tools to help identify what inventory is becoming or has become obsolete, compare their parts yield status against national averages, better understand under stocked items in inventory to help decrease service calls and reduce shipping costs, as well as other valuable tools.
When parts are identified as nearing or have become obsolete, BEI will identify members in the network still using those parts. If there is enough need within the network or other sources, the customer will receive an offer to purchase those obsolete parts. Dealers participating in network that are identified as still using these purchased parts will receive notification that they can buy them at significant discounts.
“We see a very serious epidemic in our industry that needs to be addressed, and that is why we are offering this service that includes the free AIM reporting software." said Bud Karakey VP of operations for BEI Services. "In our initial studies within our customer base, we identified a significant need to help dealerships turn their overstocked and obsolete inventory. At this time, we see that at the average dealership about 32% of their total inventory is aged over 18 months. Think about that statement... Almost 1/3 of the average dealers cash in inventory is over 18 months old. This amounts to millions of dollars of obsolete inventory that we see other dealers actively using. We help identify and distribute these parts to dealers within the network. The more dealers that participate in the network, the more successful it will be for everybody who joins.”
"BEI analyzed our obsolete inventory identifying the specific location of each of the parts, allowing us to better manage our obsolescence. They also reviewed this information with our team providing ideas to fine-tune our process in order to reduce our risk of future write-offs. To our surprise we were able to sell over 183 parts to the Overstock Parts Network freeing up space and cash.” said Mike Woodard, VP of Service at Oasys, Inc.
"Finally, we've been given the tools to economically deal with our obsolete and overstocked inventory, avoiding costly write offs, and providing us an alternative to disposing parts into landfills." said Gifford Silver, Service Manager of Copiers Northwest. "
About BEI Services
BEI Services has been providing the world’s only source for unbiased imaging device and technician performance benchmarking since 1993. Analyzing millions of service calls on millions of imaging devices every month allows BEI Services to pinpoint opportunities to save money within your service organization. Having also developed the most successful and widely used performance based technician compensation program in the industry, BEI Services stands alone as experts in service department benchmarking and managed incentive programs. A free 2-week trial is available. For more information on BEI Service please email email@example.com or visit www.beiservices.com
Overstockpartsnetwork.com (OPN) is a company created from a collaboration of two distinguished companies in the industry joining forces. BEI Services, Inc. and RecycledParts.US have come together utilizing their individual strengths to create a parts network that allows dealers to sell their obsolete and overstocked parts to the OPN, while allowing other dealers still actively using those parts to purchase them from the network at significantly discounted prices. It also keeps many of these parts out of landfills and puts them hands of dealers who need them. For more information on AIM and OPN visit: http://www.beiservices.com/products/advanced-inventory-management-aim.html or http://www.overstockpartsnetwork.com