As an auto shop owner, finding the right parts at the right price is crucial for your business. Sourcing and procuring parts efficiently helps your shop save time and money, but ineffective parts ordering processes can hold your business back. The right car shop software offers a solution to optimize your parts sourcing and transform procurement operations. The global automotive software market is growing exponentially as shops aim to increase efficiency. In 2019, it was valued at $18.5 billion, according to Allied Market Research. By 2027, experts predict this market will reach $43.5 billion. There are more options than ever when it comes to software to enhance parts procurement. Let’s take a look at how this software can benefit your shop.
Widen Your Sourcing Network
Car shop software compiles parts catalogs from various vendors in one platform. This allows you to thoroughly research options and connect with new suppliers, rather than just relying on your usual go-to parts store. Expanding your sourcing network means more price points to compare and opportunities to find deals.
Automate Reordering and Save Time
You can set reordering rules in car shop software to automatically generate purchase orders when inventory levels of certain parts drop below target thresholds. This takes the guesswork out of deciding when to restock. The software also allows you to quickly compare prices across suppliers and order all needed parts in just a few clicks.
Optimize Inventory Management
Parts inventory represents a major business investment for auto shops. Car shop software provides real-time visibility into existing inventory levels across all parts. This helps you minimize the risk of running out of frequently used items and avoid over-ordering slow-moving parts. You’ll know exactly when and how much of each part to reorder.
Leverage Purchase Data for Better Contracts
Robust reporting functions give you insights into your part purchasing patterns. You can see which specific parts get ordered most often and analyze spending by vendors. Use this data to negotiate better contract pricing when signing or renewing supplier agreements.
Go Paperless and Save Admin Time
Car shop software centralizes all your part orders, manages approval workflows, and stores supporting documentation digitally. There’s no need to print out hard copies of purchase orders and invoices. Part reordering becomes paperless, reducing administrative burdens on staff.
Sourcing quality parts while controlling costs is essential for auto shops in a competitive market. Automotive parts procurement software helps independent operations enhance processes. Implementing an optimized parts ordering strategy powered by car shop software ensures efficient parts supply chain management. Contact Shop4D today if you’re looking for car shop software that can help you source parts for your shop more effectively.