Overstock Parts Network Doubles Its Size
Tuesday, October 27, 2015
The Overstock Parts Network (OPN) has announced it has doubled its warehouse size to keep up with increasing dealer membership and customer demand. Once touted as the "match.com" for parts, the OPN currently has more than 900 active members who are not only making money by selling obsolete parts at risk of write-off, but also purchasing needed OEM parts at rock-bottom prices, typically 20 percent or more below wholesale. Currently, there are nearly 8,000 parts staged to sell to members at OPN's newer, bigger California warehouse.
"Marco saves anywhere from 18 to 30 percent off of new OEM parts from OPN, which equates to thousands of dollars of savings every month," said Christy Wells, purchasing manager, Marco Inc. "We also sell a lot of obsolete inventory to OPN, keeping parts and supplies out of landfills while making money on items we would typically write off and dispose of."
"We are in the business of saving dealerships money and to see the success and positive feedback from dealers participating in the OPN is phenomenal," said Bud Karakey, vice president of operations, BEI Services. "We strongly encourage dealerships to join because as the network grows so do the opportunities for savings."
Participation in the OPN and access to AIM (advanced inventory management) reporting is absolutely free of charge. 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 understocked items, saving dealerships thousands of dollars in shipping. Other essential reports are also available to help dealers reduce part cost and improve service performance.