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Integrating supply chain players.

February 3rd, 2010 Gordon Wood 10 comments

"However beautiful the strategy, you should occasionally look at the results"...WCPrint Print

image As the downturns kicked in last year for a while it seemed the music may stop. But then someone said ” Play it again, Sam?”. In our company this has seen some rapid growth in e-demand for our services. This is especially so in support area as customers had deferred investments in favor of making things work a bit longer while things were tough.

As one who literally works daily in 3 continents and in as many languages, I am a fan of the idea that I can collaborative simply with pervasive communicational tools. These days we can also all use then at an easily affordable cost.

For me and my colleagues was are able to do this using our versions of Beam Me Up Scotty communicator to keep in touch on a far wider surface than the conventional quarter imagemile of traditional business. Hence as the demand has changed we are always in touch and  contactable with this capability we now continue to service long standing customers often without the need to even leave home.

For 15 years and more we have been able to connect in some way like this. Both informally and formally alliances and colleagues do business this way and more recently we also do it directly with customers.

Even as they move around when I turn on our computers each morning I have maintained a strong presence that has kept me in touch personally with key contacts and customers on a daily basis.  Daily habits are also subliminal as people come and go online with an in touch awareness that keeps us connected. And once trust is established we are generally all happy to be available to each other at any old time.

But of course the face to face activity will never be totally replaced. For example selling  is a contact process that requires continual reinforcement of trust, and capability. These  credibility assurances are vital to maintain ongoing connections. The ability to listen and anticipate needs is the real key that provides the quality in the dynamics of business. This cannot be done without physical presence so salesman and supply chain players must continue waking around. And without that best laid plans for automated process supply will also fail as competitors exploit any gaps that appear and move in on your patch.

That is why, even though systems give us great contact presence online now, we must never forget to call in on our suppliers and customers from time to time.

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Seller beware of your duty of care

June 26th, 2009 Gordon Wood No comments

clip_image006In sales situations the quality of the competitive product is not always the issue. Varied solutions options and quality of offerings all too often compete in the same race for the buyer’s prize money.

In this complex marketplace, where snake oil salesmen are always about for the pickings, winning deals requires good fit and positioning, good timing,  and a highly informed understanding of the prospects performance requirements.

But regardless of approach a difficult responsibility of selling is to ensure prospects are fully informed about what they are buying. This is amplified as procurement processes look to fine print to transfer consequential risks to vendors. Even more telling on Vendors promises is linking them to KPI measures to give  Buyers very sharp fangs to strike back fiercely. Then beware any vendor whose product or service promises fall short of buyer’s supply chain expectations.

Vendor lined KPIs aside, due diligence in sales needs high attention for other reasons.

Read more…

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Sales Methodology for Services Based Solutions

August 11th, 2008 Gordon Wood 2 comments

An effective sales process begins with an inquiry or a “Marketing” function generated lead for “Sales” to target to follow up on. 

 

As a first step “Sales” must qualify each target as to its potential as an opportunity, so further time and investment can be justified.

 

Solution benefits, evaluation, proving and commercial steps must then be completed together with ensuring alignment and commitment of key decision makers, before sales contracts can be closed.

 

The process can be somewhat iterative with many influences that can change the dynamics that support the confidence to move to the final signature & close stage. If each stage is managed well changes that potentially regress the opportunity can be managed efficiently to get it back on track or drop as may be appropriate.

 

For the Sales person, managing the opportunity, it is critical that buying signals are constantly monitored to ensure the solution is and is remains seen as the best fit by the prospect. Integral withg this is a must to ensure the prospect parties are all well supported to continue their decision process to buy the solution and/or services being proposed.

 

A key aspect in the services and software process is a successful sale is generally defined by a contract signing. But the reality is the real work only then begins.  So successful sales people start thinking from that in the prospect terms from the very start of the sales process. when the lead is first being qualified. This factor or the lack of it is one of 2 things that makes difference between success and failure.

 

The second is understanding  the sales steps of which there 5 basic phases in the cycle. Theses are all logical and benefical to all parties involved in the sale, and work especially effectively when the process is made transperent for collaborattrive efforrt, and also more than often including the prospect.

 

With this in mind, by completing all steps in each of the 5 phases provides greater probability success not only for the sale but its outcome too.  Failure to do so will almost always result in not only loss of the opportunity but loss of valuable sales time.

 

Sales Phases

 (this list in not intended to be ehaustive but covers the key points)

1.      Identify Target and qualify as a “Lead”

a.      Understand targets business, their objectives and their competitors

b.      Speak to target and be involved with appropriate person

c.       Understand targets potential solution and competitors to the offered solution  

2.      Quality Lead to upgrade to “Opportunity”

a.      Indentify key sponsors with demonstrated interest in working with us and our partners   

b.      Indentify they have Quaffed budget, timeline and compelling event

3.      Quality Opportunity to add as “Prospect”

a.      Indentify Coach sponsor., Power sponsor, economic buyer

b.      Prospect validates value ladder

c.       Present customized presentation with needs and current pain outlined and aligning problems and solution vision and Indentifying references to client

d.      Setup Pricing Trial

e.      Indentify key issues for prospect alternatives to reduce competitive advantage

4.      Qualify Prospect

a.      Strategy to win developed

b.      Negotiate proof step and delver plan to customer to confirm proof agreement

c.       Reference checked

d.      Proposal completed with ROI

e.      Legal documents submitted and pricing understood

f.        Close plan created

g.      Coach sponsor, Power sponsor, economic  buyer committed to buy if proof successful

h.      Project plan and tech evaluation done

i.        Approvals and sign off chain well understood

j.        Proofing completed

5.      Commit Prospect to close 

a.      Presentation of proof to management sponsor + champion power sponsor

b.      Acknowledged vendor of choice

c.       Meet key players and confirm funding and support

d.      Final legal negotiations. Objections and pricing  if required

e.      Dates for signature confirmed

f.        Contract signed

g.      Implementation complete and reference-able

h.      Ongoing Customer service in place

i.        Cross sell and upgrade strategy developed

 

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