The RES Family
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What effect does old/stale parts have on sales?
We have testimony from yard after yard that updating prices to market conditions results in sales of stale and stagnant inventory.
What effect does having a part with a $0 price have on calls on that part?
With all the internet options available for customers showing parts with prices listed, parts with no prices have almost no chance of receiving a phone call and a sale. Einstein Tools has a product that would help you solve this problem!
What is Einstein Tools?
Einstein Tools is a series of automated software products offered by Recyclers Executive Services Corporation (RES) that helps recyclers increase sales, profits, and reduce break-even days. Einstein Tools includes Einstein Pricing Tool and Einstein Profit Tool. We are constantly working on making new products to benefit our clients in a number of new ways.
Who is Recyclers Executive Services Corporation?
Recyclers Executives Services Corporation (RES) is a sister company to Hotlines and OEM Parts Corporation. It is owned by Betsy and Mike who have partnered up with Chad Counselman to bring automated software to the market. Chad is a third generation recycler who sold his yards in 2019. Chad created these programs to increase his sales, reduce his breakeven days and increase his profitability.
How does the Einstein Pricing Tool work?
Einstein Pricing is an automated software that adjusts your part prices within your YMS on a daily basis - making adjustments for age, QOH, close ratio, sales volume, sales velocity, year of fitment, miles, grade, and other outside forces that drive prices. Einstein Pricing reviews your parts at a frequency of your choosing and automatically makes price adjustments to get and keep every part properly priced for market conditions.
What data does the Einstein Pricing Tool use?
Einstein Pricing Tool participant’s sales data, sales history and profitability data is used by the tool to make recommended part prices for that participant only. Confidential sales data of this type is only used for the participant and is strictly off-limits and not available to any other user. No other recycler’s confidential data, such as sales data, sales history, profitability data, accounting data, customer data, look-up data, etc., is available to Einstein Pricing Tool participants. If necessary, in addition to the participant’s confidential data, the Einstein Pricing Tool also utilizes an anonymous aggregate of prices that other recyclers have publicly published.
Where does the Einstein Pricing Tool get the publicly published prices?
The Einstein Pricing Tool utilizes an anonymous aggregate of publicly published prices from many sources including PartsHotlines.com and other websites.
What is the RES/Hotlines position with regard to the recycler's data?
Your data security is extremely important to us, and we strive to protect your data in every way we are able. The Einstein Pricing Tool does not collect (and subsequently use) any yard’s confidential sales history or sales data in any form other than the individual Einstein Pricing Tool participant’s own sales data for his own internal use. RES/Hotlines has never and will never sell your data.
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