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Dealer Solutions, Inc. is a proud sponsor of The Yellow Party tonight in St. Petersburg, FL. Verizon IndyCar Series Champion, Ryan Hunter-Reay, and his wife, Beck Hunter-Reay, will host this special event to raise awareness and funding to support H. Lee Moffitt Cancer Center in Tampa and Racing For Cancer. 

Racing For Cancer, a registered 501(c)(3) organization, focuses support towards (1) Early detection and prevention, and (2) efforts to help raise awareness and support of fighting childhood cancer.  

Team DSI is honored to be part of this event and wish Ryan and his fellow IndyCar drivers an exciting and safe race at Sunday's Firestone Grand Prix of St. Petersburg.

Click HERE to learn more about The Yellow Party and Racing For Cancer

Team DSI would like to wish you all Happy Holidays. 

As we close out 2013, we are extremely grateful to have such an incredible team of employees, partners, and clients. We hope you all have an opportunity to rest and recharge over the holidays, and look forward to working with you all in 2014!

Please refer to the graphic below for DSI Corporate Office holiday hours. As always, your DSI Consultant will be available should you have any questions. 

- Joe Coffin  |  DSI Corporate Office

YOU SHOULDN’T AUDIT THE $300 IN YOUR PETTY CASH BOX MORE THAN YOUR $575,000 PARTS INVENTORY!

Fact: The parts inventory at a new car dealership is typically one of the top 3 capital investments for dealer principals. 

Does your dealership have a petty cash box? How much is in it? $250, $500? How often is that petty cash audited? Daily, weekly? In most cases, there is about $300-500 and it is checked constantly. Ironically, some dealerships will treat their petty cash like a box of 10-carat diamonds, yet fail to conduct regular bin-checks, cycle count, or perpetual inventory. 

Let’s sit and let it soak in for a moment… $300 is checked over and over again, but the $575,000 investment in the back warehouse sits unchecked until the need for a parts inventory arises. 

Every parts department, regardless of the size or condition, should conduct regular bin checks or have a cycle count system in place. 

- Joe Coffin  |  DSI Corporate Office

As you review the lineup of companies to conduct your annual parts inventory, there are numerous considerations that you focus on. How much is it going to cost? How long is it going to take?  How accurate will it be? How much will my business be disrupted? When will I get the final reports? There is one consideration, however, that is overlooked by the majority of dealership staff seeking to have an inventory performed... is the inventory company adequately insured?

There are hundreds of work-related injuries each year that take place in car dealerships. Think about it, you can probably look around your immediate area right now and find a tripping hazard or something that would do a number on your toe. How about that piece of foam that’s taped to the steel support beam up on the second floor... it used to be bright yellow, but after 10 years it blends in nicely with its dust-covered surroundings. The good news is, you maneuver around your parts department all day and know every box that sticks out, every low beam, every slippery spot there is. When an inventory company comes in, they aren’t as familiar with the facility and layout.