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Industry News

OverstockPartsNetwork.com Frees Up Cash for Dealerships

17 Jul, 2013


CODY, WY – July 2013 – The newly formed OverstockPartsNetwork.com (OPN) announced June 1st, 2013 has hit the ground running.  In 45 days the increased membership has led to the acquisition of thousands of parts accounting for nearly $80,000 worth of inventory from dealerships nationwide. 

"The overwhelming success of the program required us to increase our warehouse space an additional 20% to stage the incoming parts until we could validate and record them into our ecommerce system." said Scott Morgan, President of Recycled Parts.  Formed by a collaboration between BEI Services, Inc. and RecycledParts.US, the OPN has proved to be the answer to the question plaguing office equipment dealerships today, "how do we better manage parts obsolescence?”

Participation in OPN allows dealers to sell obsolete parts inventory to the network, while allowing dealers still actively using those parts to purchase them at significantly discounted prices. “Benefits to becoming a member are threefold,” said Stacey Romak, Customer Care Specialist at BEI Services.  “Members are getting cash for parts that will most likely never be used, saving cash on new parts purchases, and are also given access to Advanced Inventory Management (AIM) reporting helping them increase profits through improved inventory management.” 

AIM provides a number of beneficial reporting tools to help identify inventory that is becoming, or has become obsolete, compare part yields against national averages and better understand under stocked items saving dealerships thousands of dollars in shipping.  Other essential reports are also available to help dealers reduce part cost and improve service performance.

Participation in the OPN and access to AIM is absolutely free of charge.  The majority of the industry’s ERP systems (OMD, LMS, eAutomate, MacTracks) currently provide the extract files required to join the network.  If you do not use an ERP system, BEI Services also offers a Service Reporting Software (SRS) solution free of charge to collect the parts and service history information needed for participation in the network.

“We strongly urge dealerships to join the network.  Recent studies within our current customer base show an average of 32% of the dealers inventory is aged over 18 months. This is a staggering statistic,” said Bud Karakey, VP of Operations for BEI Services.  "Imagine nearly one third of dealers cash in inventory is nearing or has become obsolete.  Joining the Overstock Parts Network is really a win-win-win situation for all parties involved, the selling dealers, the buying dealers and the environment.”

To join today contact BEI Services at: 307.587.8446 or email http://sales@beiservices.com

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.

About RecycledParts.US:
RecycledParts.US has been in business harvesting used parts from copiers and printers and selling them online for years. They continue to provide a viable alternative to the high cost of OEM replacement parts.  www.recycledparts.us provides an easy to navigate site that provides 40% - 70% savings off OEM wholesale pricing on an extensive line of machines and manufactures.

About OverstockedPartsNetwork.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, please visit our websites at:
http://www.beiservices.com/products/advanced-inventory-management-aim.html
http://www.overstockpartsnetwork.com

Contact:  Bud Karakey, Vice President, Operations, BEI Services http://bud.karakey@beiservices.com   307.250.7214




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