Operations and Management Strategy
Objectives
- Maximize profits
- Minimize costs
- Grow revenue
- Taking care of people’s best interests/ quality relationships
- Customers
- Partners
- Employees
What do customers want?
- Quick answers to projects/applications/problems
- Quick RFQ turn-around, Quick PO delivery
- Education on new technology
- 30% better product
- 30% lower cost
Sales Activity
- Disciplined selling processes: Massive Action
- 50 sales calls per month (Target of 9-12 weekly meetings)
- 60 applications per month
- 12 new sales per month* (Target goal)
- Gather Account Information
- Account Type
- Industry/Industries
- Employees
- Revenues
- Key Contacts (Org Chart)
- Decision makers
- OEM Product Lines
- Production Process
- Existing Competitive Opportunities (competitor information)
- Applications
- Generate 2+ applications per call
- Rate application
- Cost
- Optimal solution: 10,30,50,70,90,100%
- Budget
- Deadline
- Account Type
- Consolidated Sales Force
- All Divisions share an office, talk
- Single Database for all accounts all projects
- Comprehensive Database
- Referral leads
- Divisions discuss accounts, projects, contacts
- Product Demonstrations
- Scripted Presentations
- Demo Cases
- On-site product demos
- Marketing
- Full catalog
- High quality brochures
- High quality Website
- Elimination of Channel Partners/ Outside Distribution
- Pro’s of distributor?
- Con’s of distributor?
- In-house distribution/ central warehouse
- 2-10 day delivery time
- Reduce costs
- Speed delivery
- Outside Sales Team
- Lead generation
- RFQ: 24 hour turn-around
- Product Sales/ Closing
- Application/ Installation Suppor