1. The FASTER Win Parts Room Nuts and Bolts to Innovation Lynn Ritger Software Integration Coordinator, FASTER Asset Solutions

2. Newton ’ s Three Laws Of Motion First Law: Objects in motion or at rest tend to stay that way until acted upon by an external force.

3. Newton ’ s Three Laws Of Motion How does this apply to the parts room? Your parts room operations and processes are not going to change themselves.

4. Newton ’ s Three Laws Of Motion Second Law: An object’s change in direction is directly proportional to the force exerted upon it.

5. Newton ’ s Three Laws Of Motion How does this apply to the parts room? You get out exactly what you put in.

6. Newton ’ s Three Laws Of Motion Third Law: For every action, there is an equal and opposite reaction.

7. Newton ’ s Three Laws Of Motion How does this apply to the parts room? There is no free lunch… everything has a cost.

8. So how can FASTER help me improve my parts operations?

9. Four Critical Management Areas 1 – Inventory Management 2 – Process Management 3 – User Management 4 – Vendor Management

10. Inventory Management -Be vigilant about inventory stock levels -Enforce inventory efficiency standards -Monitor and manage obsolescent parts

11. Process Management -Ensure consistency in data entry

15. Process Management -Ensure consistency in data entry -Focus on efficient data processing -Use default repair types -Set up and use vendor warranties TRACK EVERYTHING

16. User Management -Create user groups with preset permission levels for different roles within the parts storeroom -Establish sensible price override levels for lower- permission users -Devise and enforce guidelines for parts ordering, receipts, and returns

17. Vendor Management -Use the Default Vendor field on parts records to simplify the ordering process -Set up “blanket” purchase orders to simplify accounting, if possible -Note: If individual purchase orders are required for each order, be sure to close those PO’s when the orders are fully received -Review vendor performance on a regular basis

18. Questions? Thanks for your time!