T HE PART S AUT HORIT Y E ST . 1973 ME MA PRE SE NT AT - PowerPoint PPT Presentation

T HE PART S AUT HORIT Y E ST . 1973 ME MA PRE SE NT AT ION SE PT E MBE R 22, 2016 PRE SE NT E D BY RANDY BUL L E R, PRE SIDE NT / CE O

COMPANY OVE RVIE W 1980 1990 2000 2004 2010 2016 COMPANY HI ST ORY

 Co nve rte d to o ur 1 st c o mpute r syste m  Custo me r ‘ b a t pho ne s’ dire c t to o ur sa le s c o unte r  Se pa ra te fo re ig n sto re - ma inly VW, a nd British  Pic king up a nd Re c e iving da ily sto c k o rde rs fro m WD’ s  Bo ug ht a t Jo b b e r le ss 10 o n mo st line s  Pa rts Autho rity ha s 2 lo c a tio ns o nly

 Cha ng e is in the a ir!  Bo ug ht mo st line s dire c tly  Da wn o f "e o rde ring ”  I mpo rt pa rts b e c a me ma instre a m fo r do me stic ma rke t  Ja pa ne se pa rts inva sio n  Pa rts Autho rity is no w 4 lo c a tio ns

 Co mpute rize d a nd e xpe rime nting with a ll kinds o f ne w te c hno lo g y, whic h wa s re stra ine d b y lo a dsta r- tria d- a c tiva nt- e pic o r  Custo me r c o nne c tivity wa s sha ky a s a uto re pa ir sho ps we re la te a do pte rs o f c o mpute rs a nd the inte rne t a t b e st- e x. No e ma ils  Pa rts pro life ra tio n in full swing with g e ne ric b ra nds c o ming fro nt a nd c e nte r  I mpo rt pa rts c o ntinue to c limb  Pa rts Autho rity is no w 8 lo c a tio ns

 Switc he d fro m pro prie ta ry c lo se d syste m to I BM re la tio na l da ta b a se o pe n pla tfo rm syste m. T he switc h a llo we d us to a da pt to the e ve r c ha ng ing ne e ds o f the b usine ss o n o ur o wn te rms.  T e c hno lo g y ro a db lo c ks a re sc a rc e a nd a nd we a re a b le to c re a te o ur ta g line : “T he a nswe r is Ye s !”  Our mo st ve rsa tile & fle xib le to o l: the first o rig ina l ho me g ro wn Pa rts Autho rity intra ne t  Custo me rs a re still no t e mb ra c ing te c hno lo g y, b ut o c to g e na ria ns a re !  We a re no w 10 lo c a tio ns a nd hype r g ro wth is o n the ho rizo n

 Pe rfo rming o ur o wn a c q uisitio n c o mpute r c ha ng e o ve rs  Se lf-de ve lo pe d, se lf-o wne d ho me g ro wn so ftwa re in c o njunc tio n with o ur E RP syste m  Ab ility to inte g ra te with a ll c usto me rs  Pa rts Autho rity b e c o me s the g o to g uy if yo u wa nt o ut  We a re no w 20 lo c a tio ns

 Hug e te c h de pt a s ma nua l ta sks b e c o me a uto ma te d.  Dispa tc h, Skype , fa x, e ma il, o ur o wn c a ta lo g ing , e tc .  Pa rts pro life ra tio n is a fe a ture no w.  E vil dua l line situa tio ns a re wo rking fo r us with multiple a ve nue s o f distrib utio n b e side s o ur b re a d a nd b utte r ho t sho t de live ry b usine ss to o ur insta lle rs  Jo b b e rs, fle e ts, impo rt spe c ia lists, na tio na l a c c o unts, inte rne t fulfillme nt, e tc .  We a re no w 85 lo c a tio ns a c ro ss 6 sta te s a nd still g ro wing !

PART S AUT HORIT Y ACQUISIT ION HIST ORY 2007 2009 2010 2011 2012 4 Sto re s 2 Sto re s 3 Sto re s 4 Sto re s 4 Sto re s • Que e ns, NY • DC, MD • DC, MD • MD • AZ Austin Auto mo tive So uthe rn Distrib uto rs E a rl’ s Auto Pa rts Olympic Auto Pa rts Pro Pa rts Sc o ttsda le • MD Bra ke s, E tc . 2014 2015 2016 2013 10 Sto re s 1 Sto re 13 Sto re s 22 Sto re s • L • L • Yonke rs, NY I I • NJ Ca stle Auto Pa rts Ontime Mie le Auto Pa rts Mr. Ba rg a in Pa rts Wo rld • Ca lifornia • NY, NJ, L I • GA Me tro Auto Pa rts Wo o db ury Jo hnso n I ndustrie s • AZ BAP • L I Swift

PART S AUT HORIT Y GROWT H HIST ORY Pa rts Autho rity ha s g ro wn prima rily thro ug h a c q uisitio ns o ve r the la st 10 ye a rs. Additio na lly, Pa rts Autho rity ha s g ro wn b y o pe ning g re e nfie ld sto re s to e xpa nd c o ve ra g e in a ll o f o ur re g io ns.

PART S AUT HORIT Y L OCAT IONS T ODAY Ne w Yo rk Ne w Je rse y Wa shing to n DC Ma ryla nd Arizo na Ge o rg ia Ca lifo rnia

T HE JORDAN COMPANY

“T he Jo rda n Co mpa ny is a priva te e q uity firm tha t spe c ia lize s in b uying a nd b uilding c o mpa nie s, mo st o fte n in pa rtne rship with the e xisting o wne rs a nd ma na g e me nt te a ms o f tho se c o mpa nie s. Our tra nsa c tio ns pro vide liq uidity fo r o wne rs, ra ise c a pita l fo r c o rpo ra te g ro wth a nd c re a te sig nific a nt e q uity o ppo rtunitie s fo r ke y ma na g e me nt. We a re lo ng -te rm inve sto rs who se e k to b uild va lue o ve r time .” T he q uo te a b o ve is dire c tly fro m Jo rda n’ s we b site . • he de a l wa s c o nsumma te d o n June 30 th o f this ye a r. T • Allo we d c o mpa ny to c o ntinue to g ro w a t a c c e le ra te d ra te with mo re • re so urc e s while re ta ining a ll ma na g e me nt a nd c urre nt e mplo ye e s.

ACCOUNT S PAYABL E PROCE SSING

E a c h sta te me nt ne e ds to sig ne d o ff b y sta te me nt pre pa re r  E a c h sta te me nt ne e ds to b e sig ne d o ff b y sta te me nt supe rviso r  (this me a ns yo u a re sure a t tha t time o r yo u a sk ra ndy until yo u a re sure o n pro c e dure )  I f the re is a pric ing issue ( whic h is c o mmo n) the n pric ing is no tifie d imme dia te ly a nd re so lutio n must o c c ur. Ple a se no te tha t “pric ing ha s b e e n fixe d” o n sta te me nt Ma ke sure tha t sho rt fo rms a re fille d o ut!!! Whe the r do lla rs o r units  All c re dits a nd re b a te s ( e spe c ia lly la rg e o ne s must b e sc rutinize d)   Any la rg e c re dits sho uld b e pla c e d a t to p o f sta te me nt All da ting sho uld c o me thro ug h the sa me wa y—sa me te mpla te (  se e Sa mmy)

 Ma ke sure yo u g e t no n c o mpute rize d sta te me nts in e xc e l with po ’ s!!!!  Sc rutinize c ha ng e o ve rs!!!!  Ma ke sure to se e b litz whe n ha ving run ta pe s to jib e with po ’ s  De a le r pa rts put into sto c k is a no no ( so me time s)  Put no te s o n the sta te me nts to indic a te tha t yo u so lve d a pro b le m like a de fe c t g o ing b a c k to a re b uilde r  Ple a se try to indic a te whic h ve ndo rs a re do ing a g o o d jo b o r po o r jo b o n the ir b illing

 Re c e ive a ll Mo nthly I nvo ic e s a nd Mo nthly sta te me nts a nd ma nua lly fig ure o ut whic h invo ic e s ne e d to b e pa id tha t mo nth. We ha ve a ppro x. 50 diff te rms.  Ma nua lly ke y a ll invo ic e s into the c o mpute r syste m  Physic a lly ma tc h e ve ry invo ic e a nd e ve ry de ta il line to a re c e iving Do c ume nt  Ma nua lly do ub le c he c k I nvo ic e do lla r a nd to ta l a mo unt a re the sa me .  Do this fo r 5 invo ic e s o r a tho usa nd invo ic e s  Pro c e ss Pa yme nt

T he ma nua l syste m o fte n le d to situa tio ns whe re we wo uld de plo y Spa rb y

 We we re le ft with a c ho ic e . We e ithe r ha d to hire mo re a nd mo re pe o ple to de a l with the mo unta ins o f pa pe r o r use te c hno lo g y to e a se the pa in.  We c ho se c o rc e ntric a s a 3 rd pa rty middle wa re to e le c tro nic a lly pro c e ss o ur o rde rs g o ing to o ur supplie rs a nd the invo ic e s c o ming b a c k to us fro m o ur supplie rs.

So me Ve ndo rs a re fully inte g ra te d a nd a ll I nvo ic e s g o thro ug h E DI … Re d indic a te s the y we re po ste d with no re je c t c o de (“00”). T he re a re ma ny re je c tio n c o de s. I n this c a se c o de “32” indic a te s a n invo ic e o utside the pa y pe rio d. Othe r c o de s indic a te o utside the to le ra nc e , pie c e s no t ma tc hing , e tc . Be lo w is a sa mple o f a fully inte g ra te d Ve ndo r a fte r the invo ic e s a re ma tc he d.

T he sc re e nsho t b e lo w sho ws a ma tc h a t the invo ic e le ve l. 289 pie c e s b ille d, 286 pie c e s re c e ive d, $6,247.89 b ille d, $6,387.35 re c e ive d. Pie c e s a nd do lla rs a re within to le ra nc e . Pric ing still ne e ds to b e re vie we d, b ut b ill will b e pro c e sse d a uto ma tic a lly.

T he sc re e nsho t b e lo w sho ws a ma tc h a t the pa rt de ta il le ve l. 97 pie c e s b ille d, 96 pie c e s re c e ive d, $284.00 b ille d, $ 284.00 re c e ive d. Pie c e s a nd do lla rs a re within to le ra nc e . Pie c e s a re o ff b y 1, do lla rs ma tc h pe rfe c tly a nd this invo ic e will b e pro c e sse d a uto ma tic a lly.

Ge ne ra l L e dg e r a llo c a tio n to pro pe r a c c o unts fo r Sto c k Orde rs.

Ge ne ra l L e dg e r a llo c a tio n to pro pe r a c c o unts fo r Dro pShip o r I nte rne t Orde rs. T he b a sic diffe re nc e is fre ig ht c ha rg e s.

E DI I nvo ic e s po ste d in the Ge ne ra l L e dg e r ha ve a so urc e c o de o f E D. We a re po sting a ppro xima te ly 1/ 2 o f a ll o f o ur A/ P invo ic e s thro ug h E DI a uto ma tic a lly.

Custo m in ho use re po rt de ve lo pe d to run a fte r sto c k o rde rs a re po ste d in GL . Re po rt c o mpa re s o ur c o st pe r PO fro m the ve ndo r to the c o st in o ur E RP syste m. I f pric e s diffe r o ur pric ing te a m is no tifie d to e va lua te a nd c o rre c t.