OEConnection Introduces D2D Plus(SM), a New Inventory Management and Idle Inventory Reduction Tool for Automotive Parts Businesses
RICHFIELD, Ohio, Jan. 20, 2004 -- OEConnection, LLC, provider of online supply chain solutions to automotive dealerships in the original equipment replacement parts business, announced today the introduction of a new parts department productivity tool, D2D Plus(SM). The D2D Plus tool is designed to help parts departments increase profits, reduce idle inventory and carrying costs, increase inventory turns, and better control stock levels and parts assortment.
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Ted Poland, Parts Manager at Bob Townsend Ford in Cincinnati, Ohio, participated in OEConnection's D2D Plus pilot program in December. He said, "Using D2D Plus, I was able to identify and make the decision to discount our 12-month-old idle inventory within minutes. This is going to be a significant tool to help us reduce idle inventory and open up funding. The reporting will help us make better buying decisions to better stock our inventory. Dealerships should use this tool if they want to be competitive, are looking to be more profitable and want to be in better control of their inventories."
OEConnection CEO Chuck Rotuno said, "By adding D2D Plus to OEConnection's suite of supply chain products, we've created an automated solution aimed at addressing a greater number of auto dealers' needs. This product is the next step in the evolution of OEConnection's vision for improving efficiency, customer satisfaction and dealership profitability in the OE replacement parts supply chain."
D2D Plus is a companion product to OEConnection's D2DLink(R) online parts locator and procurement service. The D2DLink parts locating and fulfillment tool is subscribed to by over 10,000 auto dealerships across the U.S., performing over 75,000 part searches each business day.
The D2D Plus tool features:
1. Idle Inventory Marketing - Offers dealers the ability to list parts in
their own inventories for sale at discounted prices. Helps dealers
identify and discount slow-moving stock, and then offer parts for sale
to D2DLink dealers nationwide. All D2DLink buying dealers can view
the lowest priced parts first when searching for parts.
2. Inventory Reporting - Helps identify missed opportunities and in-
demand parts to help dealers to stock the right parts.
3. Parts Bundling and Matching - Selling dealers can combine unwanted,
miscellaneous parts into bundles, and discount those bundles for
availability on OEConnection's nationwide parts locator. Buying
dealers can automatically search for and match 'for-sale' bundled
parts to their on-hand stock and purchase needed parts at a reduced
price.
OEConnection will demonstrate and take orders for D2D Plus along with their other products at the NADA Convention in booth #1001 at the Las Vegas Convention Center, January 31-February 3, 2004.
OEConnection is a provider of technology solutions for automakers, their affiliated dealers, and others in the automotive parts marketplace. The Company provides more than 10,000 franchised auto dealerships nationwide with D2DLink(R), a web-based parts locating and fulfillment service. The company also provides D2D Express(SM), a supply chain, emergency-needed parts backorder fulfillment product, D2D Plus(SM), a parts management and idle inventory reduction tool, and CollisionLink(R), an on-line service that enables collision shops to transmit orders for original equipment parts to franchised automobile dealerships. A venture created by DaimlerChrysler, Ford Motor Company, General Motors, and ProQuest Company, OEConnection is headquartered at 4150 Highlander Parkway, Richfield, Ohio, 44286, just south of Cleveland. For more information, call 1-888-776-5792, ext 1875, or visit www.OEConnection.com .
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