Paint material dollars can be measured by the price you pay on the jobber invoice – the expense – or the amount you use on a job – the cost. The problem with the expense is it’s difficult to realize the value. To see the value, you need to determine your cost per paint hour.
There is one investment that many distributors and retailers in the aftermarket are making today. There is an industry standard for the inquiry and order of drop ship and special order products. It’s called Internet Parts Ordering or IPO.
Our job is to create one damage assessment that clearly describes the repairs needed and how the repairs must be performed. To accomplish that we must use the estimate line, line notes and photos to illustrate what is expected.
The rise of online fraud has outpaced regulations to combat it, especially in the auto parts industry, so it’s important to maintain a good reputation and to authenticate transactions and protect customers.
Next to payroll, parts is a major recurring expense for a repair shop. Managing that expense is the key to keeping a shop profitable. The day you order the part versus when you use the part is a factor in profitability.