Do you use parts-to-labor ratio as a key benchmark in your operation? This important rule of thumb maintains that for every dollar of labor sales, your dealership should generate one dollar of parts sales. Both parts and service should be your dealership's most profitable departments and this ratio helps drive profits in both areas.
Could 3-D printing revolutionize the parts and service department in the dealership of tomorrow? Robert Saik, author of The Agriculture Manifesto and founder and CEO of The Agri-Trend Group, thinks 3-D printing is one of the drivers that will shape agriculture in the next decade. Saik writes, I think this is going to revolutionize the parts and the equipment industry going forward and it's going to drastically change how we handle our inventories and the delivery of repair parts to farmers.
Written on tablets of corn, wheat, beans, rice and cotton, and delivered by a peripatetic sojourner dressed in jeans and wearing a cap with an indistinguishable equipment machinery logo and with dairy cows in tow, the following Commandments were unexpectedly received with gratitude.
Do you have the right people in place at your dealership to pick up the slack if you need to be out of the office for an extended period, whether expected or unexpected?
Last week, while visiting a large farming operation in Michigan, I had the opportunity to ask the brothers who own and operate the 14,000-acre enterprise, if given the choice, what would they prefer, high crop prices or high crop yields?
In addition to those metrics identified in previous articles, this column will address additional metrics that should be on the radar screen for any dealer/sales manager interested in getting the most out of their sales department.
If you were to only look at the unit sales numbers that the Assn. of Equipment Manufacturers makes available each month, you might that think that business for farm equipment dealers is looking pretty dismal at the moment. But as I've pointed out many times in the past, things almost always look bad when you compare them to the best years you've ever had.
The impetus for this month's column started with a comment from a dealer in one of our Currie Management Dealer Groups. At a recent meeting, he remarked, "Look around the room. Isn't it interesting that everyone who used a laptop computer a year ago now uses a tablet?"
The current CJ-4 oil category of oil for diesel engines that farmers and dealers are familiar with is living on borrowed time under new fuel economy demands and CO2 mandates.
In this episode of On the Record, brought to you by Associated Equipment Distributors, Jason Webster, commercial agronomist with PTI Farm, breaks the results of PTI Farm’s 2024 HIgh Speed Planting Corn Study.
Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
At Machinery Scope, we believe you deserve the best risk management solutions for your investments in heavy equipment. Since 2013, we have been proud to offer extended warranty, appraisals, and inspections. Machinery Scope is a family-owned business built on our experience in farming and equipment dealerships. We understand your business and provide a personalized and professional level of customer service. Machinery Scope has built a strong warranty product with our customers in mind, offering the same professional level of service from the time you get a quote, through the processing of a claim.
GROW.MORE.PRECISELY. We are dedicated to creating innovative agricultural practices that help growers boost crop production and improve sustainability. With cutting-edge hardware, powerful software and truly unbeatable support, we take pride in creating and delivering solutions that empower farmers around the world.