How to Plan for Parts Department Success in 2013 - DealersEdge

Mike Nicholes, President of Nicholes Capital ManagementMike Nicholes, was the founder of Mike Nicholes, Inc., has earned internationalrecognition as a consultant and seminar speaker. He has conducted hundreds ofseminars during the past 35 years for more than 42 major vehicle manufacturers. Inaddition, Mike has functioned as an in-dealership consultant/trainer (in a seminarmode) to over 10,000 automobile, truck, agricultural, and construction equipmentdealerships and distributorships. He has been directly involved in fixed operationsconsulting and training for over 35 years. During his career as a consultant, Mike worked with manydealers, and manufacturers, specifically Saturn Corporation during the design phase of the company,to implement the parts management concept "Beyond EOQ", or source by movement, resulting ingreatly improved fill-off-the-shelf to the technicians without a significant increase in inventoryinvestment. In addition, he has researched and assisted many manufacturers as a subject matterexpert in the area of daily stock order implementation.He has hosted a television show called Parts and Profits for the cable network Automotive SatelliteTelevision Network (ASTN), and is in demand as a '20 Group' speaker. He is also has been a frequentworkshop speaker at the National Automobile Dealers Association (NADA) and American TruckDealers Association (ATD) annual conventions. Mike is the author of several publications and articleson inventory management including 8th Edition Inventory Management, Inventory Management forDaily Stock Orders, and 3rd Edition Advanced Inventory Management used in his past seminars. In1994 Mike Nicholes Inc was acquired by a major DMS system. That relationship dissolved in 2004with Mike starting Nicholes Capital Management LLC to pursue a course on non-endorsing, neutralinventory management training and consulting. Mike has been an active guest lecturer for theEntrepreneurial Lecture Series at Brigham Young University in Provo, UT. Mike and his wife Lynnereside in Portland, OR.