a Blockbuster idea ??????

Ever hear something and in your heart you knew it was such a TREMENDOUS IDEA ...  and then you ask yourself --would I have ever thought of that ....   well  the fact remains that YOU didn't yet think of it --so it is somewhat suspect to think -=- oh yeh - I was going to have that idea TOMORROW ...  at least for myself I am a realist ... I know my limitations ....  and I have NEVER thought of this --and likely I would never in the future either .... how could I be so DUMB to overlook this idea ....

Heard from Bob Miller ( Walker Rd Auto - Windsor, ON )  who heard it from Tim Peck ( Tilbury, ON ) at a recent EXPLORIS training meeting hosted by Afzal ...

When you come across a part that has disappeared ... just not there ....  and you are ready to do a stock adjustment .... STOP .... set up a store use account and BILL IT to that store use account ...

Now --take 10 seconds for this to sink in .... 10 - 9 - 8 - 7 - 6 - 5 - 4 - 3 - 2 -1 .....

Holly Cow --what a TREMENDOUS IDEA .......

Good Points
-you can see how much your adjustments are costing the store - read the statement  monthly - call up that account weekly --whatever
-you can track all the parts and dump into excel to see trends
-helps you at year end for proof on inventory write downs

Possible Bad Points
-can this be provincial taxable  ... moot point for Ontario jobbers as once the summer of 2010 comes --all provincial tax becomes a value added tax ...

Staff Issues - you have to track your PARTS LEDGER and look for staff who need additional reminders for training ... look for the N's in the report on stock qty.

Fine Tuning - set the account to require a PO# -- and have staff write in the summary on why the part is gone.  Also remember if you find something ...do a CREDIT to this store account --you want all in's and outs that are unexplained to be tracked ...

Fine Tuning - set account to receive e-mail copy of all invoices --and send to the store manager or audit person ....

Do you share my enthusiasm for this idea ?