White Papers

It’s no secret that companies are struggling with supply chain issues right now. While a chip shortage constraining auto manufacturing is one of the most visible examples, businesses of all types and sizes are struggling to get components, equipment and supplies. Many common items have skyrocketed in price, and businesses may find shipments backordered or delayed.

Combine a labor shortage with increasing prices for supplies and equipment, and vehicle dealerships everywhere are trying to do more with less these days. The good news is that by improving your current procurement and inventory management practices, you can deliver a significant boost to your bottom line.

When you buy from yourself, you don’t just save money — you can actually earn it through a profit-sharing partnership with WASCO (Wholesale Auto Supply Company). Thanks to its unique business model, automobile dealerships that buy from WASCO have the opportunity to become stockholders and actually enhance their income by becoming dividend-earning patrons.

A strong economy with rising interest rates and falling unemployment is good news, but it also means that running a business is more expensive. While dealers are clearly seeing that vehicle inventory carrying costs and workers’ benefit costs are on the rise, the day-to-day demands of selling and servicing vehicles can make it challenging to evaluate other costs of doing business.

To counteract these and other rising expenses and achieve money-saving goals, dealers need to do two things...

Thanks to the rise of ecommerce, comparison-shopping has become something of a national pastime. In business, though, price comparisons are critical to effective cost management and resource allocation.

The fact is, pricing and “deals” that sound too good to be true generally are. In a layman’s world, a shopper can easily tell if a...