Abstract: A parts management system includes a compartment having a plurality of cup-shaped cells formed in the base of the compartment. Side walls of the compartment include notches formed therein. The parts management system further includes dividers that may be engaged with the notches to subdivide the parts management system into smaller subcompartments. In use, smaller parts, such as fasteners, are detached from an item to be disassembled and placed in the cup-shaped cells within particular subcompartments. The larger components associated with the fasteners are removed from the item to be disassembled and are also loaded into the subcompartments in proximity to their associated fasteners. The parts can be loaded into the parts management system in sequential order during disassembly of the item. The parts can then be unloaded from the parts management system in a reverse order during reassembly of the item.