AMN Perspectives by Thomas Group: Experience at Work
In our last article we talked about inventory management as a trade-off. In most organizations there are conflicting inputs from various departments that affect inventory decisions: finance wants low inventory levels to minimize working capital costs; sales and marketing wants high inventory levels to ensure excellent customer service; production wants long-term planning with low flexibility to create high production efficiencies. Logistics wants to minimize transportation, handling and inventory holding costs.
Deadline Approaching for Participation In Top Aftermarket Suppliers List
The deadline for participation in the 2004 Top Automotive Aftermarket Suppliers List, published by Automotive Aftermarket Suppliers Association (AASA), the aftermarket segment of the Motor & Equipment Manufacturers Association (MEMA), has been extended to Friday, Feb. 13. Produced by Babcox Publications, this multi-page, full-color publication will feature insightful information on the largest suppliers to the automotive aftermarket. The form to participate is available online at http://www.aftermarketnews.com/top70.asp. The 2003 AASA Top Aftermarket Suppliers list is also available at the link.
AAIA Hosts District Meeting With Md. Rep. Van Hollen
On Friday, Jan. 30, AAIA played host to U.S. Rep. Christopher Van Hollen (D-Md.). Like all in-district congressional meetings, this event was designed to educate the congressman about the size, scope and importance of the aftermarket — nationally, in Maryland, as well as in his home district. Nearly half of AAIA’s staff resides in Van Hollen’s 8th district and the association headquarters office is located in the district.
Intermet Reports Losses
Intermet Corp. lost $92.8 million, or $3.30 per share, on sales of $183.3 million in the fourth quarter. The Troy, Mich.-based manufacturer of cast-metal automotive components earned $430,000, or 3 cents per share, on sales of $180.47 million in the same quarter of 2002.
“AMN Perspectives by Thomas Group: Experience at Work”
As this column unfolds over the coming months, there will be several major themes, each with a number of articles. In this first series, we’ll address operational effectiveness. We’ve chosen the inventory dilemma as the first topic, though additional installments will include the related issues of inventory management methods, performance measures, information technology and others.
How’s Business?
There are some very strong signs that business will be good in 2004. Optimism among repair shop owners is as high as it’s ever been during the three years we have been tracking this data.
New Import Parts Specialist Certification Tests Available
Aftermarket firms can begin the new year with a competitive edge by encouraging employees and customers to take the newly updated Auto International Association (AIA) Import Parts Specialist and Master Import Parts Specialist certification tests. Better-trained counter personnel and service technicians are vital to ensuring quality repairs and satisfying import nameplate customers. These tests address the pressing need for professionals with knowledge and training to help drive improved sales and provide the best customer service to import nameplate owners.
BorgWarner Profits Up
BorgWarner Inc., the largest maker of automatic-transmission parts for vehicles, said fourth-quarter profit rose to $50 million. BorgWarner Inc., the largest maker of automatic-transmission parts for vehicles, said fourth-quarter profit rose to $50 million.
New Ideas Should Help Old Favorite
After getting whacked by big upheavals in the automotive supply world, the wobbly SAE World Congress, Detroit’s biggest and most important trade show, seems to be finding its legs again.
Cooper Tire & Rubber Reports Increased Earnings, All-Time Record Sales
Cooper Tire & Rubber has reported all-time record high sales of $967 million, as well as a 20 percent increase in net income for the quarter which ended Dec. 31, 2003. The record sales represent a 15 percent increase compared to the same period a year earlier, said the company. Net income increased by 20 percent to $28 million, compared to $23 million in the fourth quarter of 2002.