| Sales Performance Improvement |
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| Written by Bob |
| Tuesday, 22 December 2009 15:39 |
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Problem The client over the last few years had built a business supplying hi-tech equipment primarily to the USA market. However their UK sales did not show such growth as for many years they had not invested in the the sales operation outside the USA. To overcome this they recruited three sales account managers specifically to grow the UK business. However the company did not have a sales manager and had never run a sales force before. Subsequently it was apparent that performance had not improved and at that point they engaged the services of a specialist from abio limited. Analysis A full sales audit was carried out as the first step to understanding the issues that prevailed. This involved making appropriate measures and focussing on the quality of work, quantity of work and direction. It was clear from the beginning that although the sales team had operated in sales previously, none had sufficient training to understand what was required of them. Due to the nature of their business and the customers they dealt with they needed to be developed into key account managers. Other findings from the sales audit included:
Solution
The first task was to implement a company wide contact management system as the first step towards CRM. This allowed the company to have visibility of activities with all customers. Rigorous attention to detail when entering data was encouraged and enforced. Reporting was simplified and only by exception saving each sales manager at least a day per month. Targets were developed and linked to a commission scheme based on performance over target. This ensured that the scheme was self funding.
A new territory planning system was implemented that ensured that visits were made to companies that could help achieve the plan as opposed to visits made by customer demand. Each sales person then had his own territory for the first time and therefore was responsible for the performance of that territory.
A training programme covering sales technique, key account management and product knowledge was devised and sessions were held once per month.
Results
Performance was measured at each monthly sales meeting with resultant actions implemented during the following months. Year on year sales increased by 21% despite the onset of recession.
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| Last Updated on Friday, 23 April 2010 13:40 |