{"id":63639,"date":"2023-10-26T09:00:23","date_gmt":"2023-10-26T09:00:23","guid":{"rendered":"https:\/\/www.revolutionparts.com\/?p=63639"},"modified":"2023-10-26T06:08:49","modified_gmt":"2023-10-26T06:08:49","slug":"frankensteins-return-policy-for-special-order-parts","status":"publish","type":"post","link":"https:\/\/www.revolutionparts.com\/blog\/frankensteins-return-policy-for-special-order-parts\/","title":{"rendered":"Frankenstein\u2019s Return Policy for Special Order Parts"},"content":{"rendered":"

[et_pb_section fb_built=”1″ _builder_version=”4.23″ _module_preset=”default” global_colors_info=”{}”][et_pb_row _builder_version=”4.23″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.23″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.23″ _module_preset=”default” global_colors_info=”{}”]Is your parts inventory starting to feel like Frankenstein\u2019s monster? A mountain of old, unusable parts that just continue to haunt you to the end of your days?\u00a0<\/span><\/p>\n

Well, what if there was a secret to getting rid of that monster?\u00a0<\/span><\/p>\n

Much like the monster himself, the average parts department\u2019s <\/span>obsolete inventory<\/span><\/a> stems from one thing: special order parts returns.\u00a0<\/span><\/p>\n

Special order parts are one of the biggest drivers of obsolescence. When customers put in a request for a specific part, they either order the wrong part, find parts cheaper elsewhere, or just return those parts without reason. As a result, they pile up on the shelves and are often forgotten.\u00a0<\/span><\/p>\n

So, how can you prevent special order parts from piling up?<\/span><\/p>\n

 
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Why Obsolete Inventory is a Killer<\/span><\/h2>\n

The costs associated with obsolete inventory are astronomical. Obsolete parts do more than just take up valuable space; they carry inventory costs by occupying valuable space in the warehouse, reducing cash flow, diverting attention from more critical tasks, and tying up capital that could have been used elsewhere.\u00a0<\/span><\/p>\n

If you\u2019re not keeping proper track of how many older parts you have in stock, you may contribute even more to your obsolescence rate. You can end up over-ordering older parts that you already have in stock. Knowing exactly what you have in stock and is essential to ensuring you don\u2019t overorder parts that contribute to more back-stock.<\/span><\/p>\n

 
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How to Set Up Your Return Policy for Special Order Parts<\/span><\/h2>\n

A well-defined return policy<\/span><\/a> can help go a long way in reducing returned parts. This is especially true when dealing with specially ordered parts. Ordering parts that are harder to source for specific customers has a ripple effect on your inventory.<\/span><\/p>\n

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