You need to know where your department sits versus the industry recommended standard – but you don’t know where to get this information.

Here are 3 places:

- Mike Nichole’s book called, Professional Inventory Management Guide. (available at NADPE)

- At your Group 20 meetings. If your dealership hasn’t enrolled, you’ll have to skip this one.

- From NADA course, or you can get these numbers from the course materials a from someone in your dealership who has completed NADA course. Typically, your DP, GM, or Controller has taken this course.