management -key performance indicators for sales teams

12
Presented by : Hussein Saleh Ali, MBA General Manager- TransAfrica Motors Limited

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Page 1: Management -KEY PERFORMANCE INDICATORS FOR SALES TEAMS

Presented by :Hussein Saleh Ali, MBA

General Manager- TransAfrica Motors Limited

Page 2: Management -KEY PERFORMANCE INDICATORS FOR SALES TEAMS
Page 3: Management -KEY PERFORMANCE INDICATORS FOR SALES TEAMS

No. of weekly contacts and appointments Prospects Identification Target beginning of Year/Month Predications & Forecast of Unit Sales Predictions for Performance Database update Action Plans Sales Managers actions Branch Managers Creativity & Management Weekly Reports to the MD & GM by Sales

Teams

Page 4: Management -KEY PERFORMANCE INDICATORS FOR SALES TEAMS

MINIMUMSMINIMUM No. of DAILY VISITS :– 5-8 MINIMUM No. of WEEKLY VISITS :– 25-40 MINIMUM No. of MONTHLY VISITS :– 100-150

MEETINGS WITH DECISION MAKERS/WEEK:MINIMUM No. of DECISION MAKERS MEETINGS :–

5-8

NB: Above activity standards are required for

success and are the minimum standard for measuring performance

Page 5: Management -KEY PERFORMANCE INDICATORS FOR SALES TEAMS

MINIMUM daily added no. of PROSPECTS:– 2

(Minimum standard for measuring performance)

MINIMUM weekly added no. of PROSPECTS:– 10

(Minimum standard for measuring performance)

NB: New Prospects weekly is a Performance

benchmark for every sales professional of our organization

Page 6: Management -KEY PERFORMANCE INDICATORS FOR SALES TEAMS

MINIMUM average Monthly unit sales:– 4-6

(Minimum standard for measuring performance)

MINIMUM to have 15-20 units/quarter of proposed total unit sales in the funnel at all times ensuring the achievement of your sales plan of :– 60-80 units

(Minimum standard for measuring performance)

NB: Success of Unit Sales will depend on no. of

prospects sales

Page 7: Management -KEY PERFORMANCE INDICATORS FOR SALES TEAMS

MINIMUM forecasted Monthly sales revenue :– 8

(Minimum standard for forecasting performance)

MINIMUM % ACCURACY OF FORECAST : 4-6 (80%)

NB: If we do NOT ask when the prospect plans to

make an actual purchase we can’t possibly forecast our sales accurately (THE FUNNEL MIND).

Page 8: Management -KEY PERFORMANCE INDICATORS FOR SALES TEAMS

OWNING OUR MINIMUM forecast Monthly sales revenue with 80% ACCURACY is the benchmark for successful sales professionals & teams!

(Minimum standard for forecasting performance)

SALES RESULTS OF : 4-6 (80%)/MONTH NB: Achieving a minimum of 4-6 units sales/month

is the minimum expectation of sales professionals NOT the TARGET!

Page 9: Management -KEY PERFORMANCE INDICATORS FOR SALES TEAMS

UNIT SALES RESULTS OF : 4-6 (80%)/MONTH

NB: (Minimum standard for Measuring

performance success and business development of our sales teams)

Page 10: Management -KEY PERFORMANCE INDICATORS FOR SALES TEAMS

Updating daily activity results at the end of each day is the measure of success for sales professionals

INFORMATION MANAGEMENT – Is the key to successful territory/market management

Page 11: Management -KEY PERFORMANCE INDICATORS FOR SALES TEAMS
Page 12: Management -KEY PERFORMANCE INDICATORS FOR SALES TEAMS