Beruflich Dokumente
Kultur Dokumente
SL GUPTA
TOPICS AT GLANCE
1) 2) 3) 4) 5) 6) BASICS OF SALES MANAGEMENT PERSONAL SELLING RECRUITMENT AND SELECTION COMPENSATION AND MOTIVATION OF SALES FORCE MONITORING AND PERFORMANCE APPRAISAL SALES FORECASTING, QUOTA AND TERRITORY MANAGMENT
OBJECTIVE OF PRESENTATION
Objective of presentation is to make you aware about various facets of sales and distribution management .
2. Manage the sales force Successful sales force management means: The right organization and aggregation against product lines and geographic. The right strength and qualification. The right compensation and incentive system.
3. Develop and formulate sales strategies Decisions relevant to sales strategy formulation are: Determining the size of the sales force Decision regarding type and quality of sales force required Designing the sales organization Territory designing Recruitment and training procedures Task allocation Compensation of sales force Performance appraisal and control system Feedback mechanism to be adopted Managing channel relationships Coordination with marketing departments.
2. Understand the use of product price, promotion and distribution that the company uses to achieve its marketing objectives.
3. Analyze the steps involved in personal selling Prospecting :- Cold Calling, Acquaintance Reference etc. Preaproach :- Understanding needs and preferences. Approaching :- Through appointment, without appointment Presentation and demonstration :- prove the characteristics of the product
The close :- Convince the prospect to sign the order form or to place an order immediately.
2. Understand the recruitment and selection procedures Selection Process :- hiring profile, application scrutiny, interview, psychological testing, reference check, physical examination, job offer. Sources are :- advertising, recruiting agencies, educational institutes, competitors
1. Study the various compensation methods and modes of compensating the sales force
Salary Straight commission Target commission Bonus, profit Sharing, Fringe Benefits Reimbursement of expenses
2. Understand the importance of motivation and its effect on the sales team 3. Analyses the different motivation theories and their application Maslows Need Hierarchy Herzbergs Hygiene-Motivation Model Alderfers ERG Model McGregors Participation Model ( Theory X & Y )
Establishing standards for performance appraisal Identifying and evaluating reasons for performance under or above the laid down standards To adopt measures to correct deficiencies leading to the lower performance and evaluate methods for improvements
2. Study the principles of evaluation and record performances Pragmatic :- evaluation should be on practically possible parameters rather than pre decided goals. Transparent :- it must be transparent enough to judge a persons ability Realistic :- it should be based on actual facts and figures Participative :- it should motivate the sales force to participate in
Defining objective to be achieved Dividing various products into homogeneous groups Analyzing the importance of various factors to be studied for forecasting Selecting the method Collecting and analyzing the related information Drawing conclusion from the analysis made Implementing the decision taken Reviewing and revising the sales forecasting from time to time
Survey method Expert Opinion Market Studies Method Sales Force Opinion Method Statistical Methods
3. Appreciate the importance of sales quota and territory management Sales Quota :- it means expected routine assignment to sales units, such as districts and branches, etc. e.g. Sales volume quota, profit quota, expense quota, activity quota
Sales territory :- comprises of a group of customers or a geographical area assigned to a sales unit. Benefits Obtain entire coverage Establish sales person responsibility Evaluate performance Improve customer relations Reduce sales expenses
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