-
Step 1
Use a software program designed for the auto salvage business. Actual Systems sells a program called Pinnacle that provides sales screens, keeps track of what part was sold at what price and allows you to input your inventory. Once a part sells, the program takes the part out of your inventory listing.
-
Step 2
Take inventory as autos arrive to save time and remain updated. Assign a description for the vehicle and the location for where the vehicle or the parts are stored. List the parts, a description and a price for the part.
-
Step 3
Maintain a database. You can do this by hand, but this is time consuming for large operations. You can use a spreadsheet in Excel even if you don't have a software program designed to manage your business.
-
Step 4
Update your inventory regularly. When you sell a part, delete the item from your inventory list. If an error occurs and you find out you don't have a part, delete the error from the inventory.
-
Step 5
Schedule a time to additional inventories. At least once a year, take an inventory of all the parts and vehicles you have. You may want to hire additional help for this. Create a master list of your inventory and note errors as you inventory. After you're done, update your master list.
