Monday, March 22, 2010

Mr. Crist Dances With The Cars at Frank Myers Auto in Winston-Salem, NC 27105

If Mr. Crist is your favorite dancer, then VIEW hisDANCING WITH THE CARS video so he will have a chance to win $1000! Frank Myers Auto Maxx is encouraging local residents to dance with the cars and potentially become a star in the process. What's the motivation? To raise money for the American Red Cross. "I'm excited about this event because it allows me to combine my three passions Dancing With The Stars TV show, my business and helping the American Red Cross ," says Tracy Myers, owner of Frank Myers Auto Maxx. During the month of May anyone who test drives a car will get the opportunity to dance around the vehicle they test drove. Videos will be uploaded to youtube for the world to judge. The person whose dance garners the most views will win $1000.00 in cash from Frank Myers Auto Maxx on June 6th. It doesn't end there. Tracy Myers, owner of Frank Myers Auto Maxx is also going donate $5 dollars for every dance he records and a nickel for every view the dancing with the cars videos get. "I know a nickel doesn't seem like a lot of money, but with the popularity of youtube and the viral nature of social media I anticipate these videos will draw a lot of eyeballs and lead to us donating a significant sum to the Red Cross," said Tracy. Participants who dance will also receive their choice of a $5 dollar gift card to Wal-Mart or Target, a helpful gift under the current economic circumstances. Myers says that dance skills are not required. In fact, he remarked that he thinks ...



http://www.youtube.com/watch?v=t2GK1N3AX0c&hl=en

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Wednesday, March 10, 2010

Inventory Management and Dealer Forecasting in the Automotive Industry

Automotive dealers have a number of objectives to meet with respect to stock levels. These include maintaining the right level of stock inventory, minimising stock holdings, keeping stock costs to a minimum and maximising efficiency in stock use. A consistent ordering process reduces business pressure to meet stock levels and allows dealers and distributors to manage the exceptions to stock levels as opposed to moving from one crisis to the next.

Without an efficient forecasting process in place a dealer will simply aim to minimize stock holdings. However, if dealers are not forecasting correctly, stock levels will be incorrect. There are obvious inventory costs in holding too much stock but at the same time, too little may require emergency orders. Dealers who require such emergency orders bear not only higher costs of stock purchase but also increased freight costs. In addition, dealers have traditionally decided not to order extra stock because, in the event that the dealer is unable to move that stock within a reasonable time frame, there may be a higher cost of managing and warehousing inventory.

An efficient forecasting system assists both the distributor and dealer to reduce costs by providing a consistent, predictable and reliable basis for stock inventory. There will always be unforeseen circumstances, but these can be managed as exceptions as opposed to normal business processes.

Distributor versus dealer forecasting
A new system, pioneered and functioning well in Europe, gives distributors, rather than dealers, ultimate responsibility for forecasting stock requirements. By analysing trends in stock ordering across all dealerships, the distributor is better able to forecast, taking a broad view of requirements, predicting the expected stock requirements of dealers and advising accordingly. For example, following the release of a new vehicle model, patterns may emerge in high volume metropolitan locations. These then provide valid information on trends as the volume increases in other locations, such as in country areas. The distributor can advise or make certain components compulsory when a new dealer starts up or a new model is introduced into a new area.

Under this new system a dealer is obliged to purchase a certain level of stock because the distributor wants to ensure that a dealer has a basic set of components for a particular vehicle model that will cover most situations. Distributors understand, through trend analysis, the frequency with which components will be used and are in a position to advise dealers about the components that are to be maintained.

There has been slight, initial resistance from the dealers in the implementation of this system. The major issue has been that the distributor is basically instructing the dealer as to the stock that has to be purchased. However, as the distributor now accepts a greater risk by allowing the dealers to return unused stock within an agreed period or to increase or in some circumstances reduce quantities, resistance has been greatly reduced.

The advantage to the dealer in agreeing to those recommendations is that many dealers today would not stock all the recommended parts due to the cost of maintaining inventory and the fact that it could not be returned to the distributor if it was not used over a given time. Essentially, the dealer manages the inventory risk and their behaviour reflects that risk.

Free flow of information within the network
The key to successful dealer forecasting is the free flow of information between the dealer and the distributor. Dealers provide information about their current stock levels and the demand for stock items and the distributor can understand the stock patterns that the dealer experiences. In a well functioning dealer forecasting system most of the risk of maintaining inventory is with the distributor, not the dealer.

The distributor has a broad visibility of stock levels across all dealerships and in certain circumstances it is possible to open up the visibility between all dealerships. A dealer enquiry for a part can reflect both the distributor stock and the dealer network stock. Generally, a dealer will be able to see only the distributor stock and if that has been exhausted, a dealer may be allowed to view the rest of the stock. Distributors encourage dealers to buy from the distributor first, and then buy it within the network. When buying within the network the supplying dealer accepts the order and is credited from the distributor. The receiving dealer is charged for the stock from the distributor. The distributor can then monitor the demand between the two, and adjust the system for that demand later on. The distributor can then analyse whether a dealership is using more of a particular stock than expected, and can adjust the dealer's forecast accordingly.

Contingency for emergency orders
The primary goal in any stock control process is to reduce emergency order frequency. An efficient warehouse process, where dealers place more stock orders and less daily or emergency orders reduces pressure on the entire distribution and dealer network. The dealer forecasting system, together with an optional distributor buy-back strategy, goes a long way to achieving this.

Dealers are encouraged to stock a greater range of parts, based on the analysis gained from a consistent forecasting process so that they can fulfil their customer requirements efficiently and cost effectively. The distributor gains the benefit of knowing where parts are located throughout the dealer network and a more efficient warehousing operation.

There are some quite significant benefits to both distributors and dealers of a dealer forecasting system. Distributors and dealers in Europe that have engaged this model are experiencing significant upside to their business and are now more able to meet customer requirements as well as having a more consistent and predictable inventory process.

The free flow of information between the distributor and dealer is enhanced with a dealer forecasting system. Distributors understand the amount and frequency of all stock requirements in the system. There is an ability to move stock using both the distribution and dealer network. The dealer however has reduced risk in stock holdings and so is more likely to retain a greater variety and number of parts to satisfy customer needs.

Summary
Consistent and predictable information flow between a distributor and a dealer can be achieved through an efficient forecasting system. A distributor, having access to a broad view across all dealers, can provide in depth analysis of stock usage, inventory and future stock requirements. A distributor is then able to provide accurate advice to dealers on the type, amount and availability of stock required based on factual data.

Cost reductions throughout the supply chain process are realised for distributors and dealers through a more streamlined forecasting system. Facts can dictate how much stock is required across the entire dealer network and the expected usage rates by each individual dealer. Total stock inventory is reduced, availability immediately known and the ability for the distributor to deal with emergency orders is greatly enhanced. For both the distributor and dealer, inventory and warehousing costs are reduced while a reduction in frequency of emergency orders results in less freight and delivery costs.




IBS Australia develops ERP solutions and business management supply chain software for inventory management, manufacturing ERP software, business intelligence systems and distribution ERP software The fully integrated IBS ERP system includes collaborative sales, procurement, customer service, order management, demand-driven manufacturing, business performance measurement and financial control.

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Monday, March 1, 2010

Sunday, February 21, 2010

Used Car Donation : How to Donate a Car to Charity

When donating a car to charity, make sure the charity is legitimate by ensuring that at least 75 percent of the proceeds from the car go to actual charity funding. Provide information on the car for a tax receipt and transfer the title to the charity with tips from anemployee of the National Kidney Foundation in this free video on used car donation. Expert: Luz Luis Contact: www.kidneycars.org Bio: Luz Luis has worked for the National Kidney Foundation since 1991. Filmmaker: Michael Burton



http://www.youtube.com/watch?v=l_ctBPU-YJw&hl=en

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Saturday, February 13, 2010

Donate a car New York Limousine Service

donateacartocharity.org When you hear the word Range Rover limo, the first thing that comes on mind is splendor and elegance. There is a lot of panache that comes with a limo. Not everyone has the privilege of owning a limo. But there is no doubt that every one in this world would want to sit in a limo at least once in his life time.



http://www.youtube.com/watch?v=Zinwn2dqalc&hl=en

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Thursday, February 11, 2010

Used Car Donation : How to Donate a Car to Charity

When donating a car to charity, make sure the charity is legitimate by ensuring that at least 75 percent of the proceeds from the car go to actual charity funding. Provide information on the car for a tax receipt and transfer the title to the charity with tips from anemployee of the National Kidney Foundation in this free video on used car donation. Expert: Luz Luis Contact: www.kidneycars.org Bio: Luz Luis has worked for the National Kidney Foundation since 1991. Filmmaker: Michael Burton



http://www.youtube.com/watch?v=l_ctBPU-YJw&hl=en

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Saturday, February 6, 2010

What to Expect When You Donate a Boat to Charity

One would think that donating to a charity is a pretty simple concept, right? You have a boat, you want to donate it to charity and in return you get a tax write off. It is true that donating can be beneficial for both you and the charity you choose, but like sailing, not knowing what you are doing can seriously put your at risk. There are things you should definitely know to ensure you have a better understanding of what to expect before you set sail on your donating journey.

The first thing you should do when you decide to donate your boat is contact the organization directly by phone or email. Do not make a commitment to anyone stating they represent a charity. Should your donation be solicited on behalf of an organization, it is important to use caution. Get a phone number and let them know you will contact them when you are ready. Taking this step will keep you protected from for-profit organizations that pose as agents for charities.

Take the time to visit the IRS website and launch a search for qualified charitable organizations. The charities that you choose for your boat donation must be listed here, otherwise you will not get the tax write-off you deserve. If you make this mistake, not only will you owe back the amount you claimed, the IRS could fine you up to 40% depending on the value listed on your return.

The most costly mistake that people make involves when to use the fair market value of the vessel. The twist is, there are two ways that a charity can benefit from your boat donation. They can make needed repairs and sell the boat to help the organization with their financial needs or they can utilize the vessel for education and training purposes.

Although the fair market value may be used to determine the initial dollar amount of your donation, you can only use it if the charity informs you (in writing) they will be using the vessel for training and education. If sold, you can only claim the dollar amount listed on the final sale. The charity will send you documentation (Form 1098-C) of this amount and has thirty days to do so after the purchase. This does not include auctioned items.

Let the experts determine the value of your boat. Small boats, unless very expensive, do not have to be appraised but a bigger vessel should be appraised by a marine surveyor. This person is trained to look the boat or ship over thoroughly to evaluate the exact physical condition. This key information is needed in order to get you the best value for your contribution.

It used to be that you could estimate the value of your boat donation and file your taxes. Once people found a loophole, they took advantage of it and cheated the charitable organizations and the government out of millions of dollars. Drastic changes had to be made in order to repair the damage.

When you make a boat donation ask questions. If the answers are unclear, contact a tax professional or call the tax help line on the IRS website. The qualified charitable organizations listed on the IRS website should also be able to keep you afloat.

Whatever you do, don't lose your motivation. Your contributions to charitable organizations mean the world to future generations. If you know what to expect when donating your boat, you have conquered the worst part of the battle. The rest should be smooth sailing.




Pamella Neely writes about donate car to charity tips and procedures to help people donating a car get the best tax credit and give the most to the people who need help.

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