Best Practices

How to Improve your Win/Loss Ratio

Number 6 on the list of improvement goals from survey of VP of Sales in the Semiconductor and Component industries is improving the win/loss ratio. Definitely, a critical goal needed for improving efficiency and productivity in these lean times. The consistent themes I gained from discussions and other research on this issue are summarized below: [...]

How to Improve your Win/Loss Ratio2021-07-04T22:48:03-08:30

The 5 Critical Steps to take Before Investing in a CRM System

There is so much focus on sales processes and selling that I thought it would be nice to take a break and look at the sales cycle from the buyer’s perspective instead. Buying a CRM system (or other BPM system) can be a confusing and often frustrating task. So many options, too many promises, and no [...]

The 5 Critical Steps to take Before Investing in a CRM System2021-06-27T23:18:08-08:30

How to Identify the Strengths & Weaknesses within your Sales Process

Ah, THE SALES PROCESS, my favorite subject. I was glad this made number 10 on the survey list or I may have had to change this blog theme to the top 12 or top 18 to ensure it was included. Now the challenge of keeping it short! In an earlier blog in this series, Accelerating [...]

How to Identify the Strengths & Weaknesses within your Sales Process2021-06-23T09:17:25-08:30

The Hidden Costs Of CRM Can Be Expensive – Understanding How To Avoid Them Is Critical!

Generic CRMs can be made to work but the hidden costs kill your plans. There are alternatives to generic CRM systems and some, like NEHANET, are specifically designed for the electronic component manufacturing industry. That choice will set your destiny, both can work, one costs less and is easier to implement. The first thing you [...]

The Hidden Costs Of CRM Can Be Expensive – Understanding How To Avoid Them Is Critical!2021-05-19T22:29:43-08:30

Forecast made easy- Integrating with ERP/MRP to pull in shipments and backlog

NEHANET is integrated with many leading ERP/MRP solutions including SAP, Microsoft Dynamics, Tensoft, Consona and others. Integrating NEHANET with your ERP is usually straightforward, and adds significant value to your operations. We typically pull in the following information from your ERP: parts master, customer master, actuals (shipments), backlog (requested, committed, delinquent, unscheduled), bookings and risk [...]

Forecast made easy- Integrating with ERP/MRP to pull in shipments and backlog2021-05-05T07:05:48-08:30

New Products and Marketing Campaigns – Get Visibility to Maximize ROI

You are spending a lot of money in R&D creating new products. You should be able to see if your team is making progress turning that investment into new business. Creating real-time visibility relating to new product introductions and/or new strategic initiatives was number five on the VP of Sales list of critical destinations and [...]

New Products and Marketing Campaigns – Get Visibility to Maximize ROI2021-03-12T08:46:22-08:30

Effectively Identify New Market Opportunities

This topic, from the list of Top 10 areas of improvement from the VP of Sales study for the semiconductor and component industries, is an aggregation of a number of like responses and included identifying new opportunities within current markets and identifying new markets where current success can be duplicated. I combined them together as [...]

Effectively Identify New Market Opportunities2021-02-23T21:55:53-08:30

Capture Win/Loss Information – Use it to Drive Change

It probably goes without saying, if you follow my blog, that I am a big proponent of tracking this type of information in a CRM system. Loss data makes it much easier to aggregate and develop useful actions to improve the sales results. It is also important to accounts, opportunities, success in market segments, and particular customer [...]

Capture Win/Loss Information – Use it to Drive Change2021-02-08T09:03:37-08:30

Build a Better Model to Predict Revenue from the Opportunity Pipeline

The third destination on the list of my VP of Sales survey is creating a better model at predicting revenue from the current opportunity pipeline. Based on my discussions nearly all companies I spoke with are using some type of weighted forecasts to predict the value of future revenue that will be generated from their [...]

Build a Better Model to Predict Revenue from the Opportunity Pipeline2021-02-01T07:49:16-08:30

The 3 Critical Steps to Improving Forecast Accuracy

Improving forecast accuracy was the number one issue identified in my VP of sales survey.  While there are many other aspects of forecasting that are equally as critical, we will focus simply on the accuracy aspect here. Done right, there is no reason that forecast accuracy can’t be  improved by at least 30%.  Let me show you [...]

The 3 Critical Steps to Improving Forecast Accuracy2021-01-25T09:31:51-08:30