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Retail Management-By identifying the lowest KPI for each sales representative,

Retail Management-By identifying the lowest KPI for each sales representative, sales can be multiplied by 30%


Stick with me here for a minute – that not hard math.

There are retail KPIs worth tracking at the individual salesperson level, such as hourly sales, items per sales, average sales, conversion rates, wage to sales ratios, etc.

Add them all (individually) and divide by the number of staff to get the “store average” for each KPI.

You can now compare the five KPIs of each salesperson to the store average KPIs, which will instantly reveal the most shortage statistics and shortages ..


It's tough. :
Management Retail, Retail, Sales, Training, Coaching, Retail Technology, Retail Sales Training


Article body:
Stick with me here for a minute – that not hard math.

There are retail KPIs worth tracking at the individual salesperson level, such as hourly sales, items per sales, average sales, conversion rates, wage to sales ratios, etc.

Add them all (individually) and divide by the number of staff to get the “store average” for each KPI.

This allows each salesperson's kpi to compare the most lacking statistics and missing KPIs with the "store average KPI" that individual salespeople quickly reveal.

Why is that important?
Well now you can say that perfect clarity:

The average sales of (employees) who have had say that $ 69 of the store is at an average of $ 114 and try to sell (employees) $ 2803.

Had (Employee) "Items Per Sale" would have been on the average of 3.02 stores at 1.68 (Employee) would have sold $ 3471.

The "sales per hour" for the (employee) $ 129 (for the employee) was the average of the $ 169 store, and the (employee) would have sold $ 1355.

And so on ...

Thus, $ 3471 is the largest sales increase (employee)-can be achieved-insufficient statistics-or undersupplied KPI-item per sales.

This deduction gives us great insight into what actions to coach first. In this case, "items per sale" and the associated behavioral correction a) (Employee) has not been added, or b) (Employee) has 10 points to sell the companion product, they are Managers who want to help your sales reps perform better will achieve the best possible performance improvement results

In the case of "sales per hour" (employees), it may be slow to attend a customer or take a long time with others. You probably don't have enough product knowledge for 'average sales' (employees) and don't know how to sell higher items.

By first looking at insufficient KPIs and then classifying by critical observation of (employee's) behavior during the week, the manager should be in the most appropriate or honest form

If you track these statistics weekly at the level of individual staff, which means comparing each salesperson with the store average – you need success within your own specific area


Commercial execution dashboard not front and front sales manager


The peripherals that visually identify executive managers with the use of spreadsheets drawn by the redashboard are performance indicators that are national leaders. The dashboard has gauges like speedometers in the car and graphs and colors that draw attention to the area of ​​strong and weak performance across retailers and organizations. They may appear as follows: sales per hour, items per sale, average sales, conversion rates, and fees for sales ratios

T ...


It's tough. :
Management Retail, Dashboard, Scorecard, Retail Sales Training, Retail, Retail Performance, Sales Training


Article body:
The peripherals that visually identify executive managers with the use of spreadsheets drawn by the redashboard are performance indicators that are national leaders. The dashboard has gauges like speedometers in the car and graphs and colors that draw attention to the area of ​​strong and weak performance across retailers and organizations. They may appear as follows: sales per hour, items per sale, average sales, conversion rates, and fees for sales ratios

The purpose of the dashboard is to allow the executive manager to effectively communicate the strategy and goals to the area manager and to reinterpret the strategy into each store manager's actions. Ultimately, it is the salesperson at the work site who carries out activities that meet the company's objectives.

A sophisticated dashboard may or may not be an officer in the scenario, save or send that area manager. Statistics mean that at the individual salesperson level is lost-but most have numbers upwards and strategies downwards communication.

For example, the Executive Dashboard shows the “sales per hour” KPIs (Key Performance Indicators) of each store compared to other stores, but at each sales representative level accordingly It is impossible to know how to improve your operating results.

Specific sales to retail are made at the work site. Not by phone or meeting, or by purchasing online. While the design of a branded product or store attracts customers to the store, it is almost always a sales representative who sells. But in almost all cases there is no system to generate the purpose, purpose, target at the level of individual sales to the salesperson, so there is no individual daily sales target

This is the area manager imposed by the executive manager to improve sales performance, but more about the KPI activities in the store.

Once the display of goods and stores has been checked by the area manager, the next logical step is POS (point of sale and here comes the surprise!-Not a single POS to identify areas of poor performance! The system can tell the admin of salespersons who performed better than others, simply because they do not have a timesheet, so they are connected to the sales target (Roster) There is no way to calculate forecast or actual individual sales targets.

One attempt uses a spreadsheet to figure out the purpose of each sale, but the spreadsheet goes down. They produce goals because they do not incorrectly weight the fast and slow periods of the day. They are not connected to dynamic timesheets-the roster has no meaning if you change the goal, but it should not. It takes time to copy the spreadsheet, edit past, edit, modify and correct the spreadsheet. And there is no feedback system to compare actual performance.

Executive managers can confirm that a particular store is unprofitable, but who has the same KPI unprofitable because the KPI is lower than the other stores

So what's the big deal? If you can not determine the low KPI at retail retailer level then you can not improve the performance of the individual sales based on the statistics – and using the dash dashboard, the Executive-Manger takes action throughout the organization I would like to change it, but as you can see, the frontline store manager

In fact, enhancing retail sales by focusing on the sales skills and behavior of each individual salesperson ... to each individual salesperson-level playground staff at every level of the organization Such systems report both above and below the organization so that the purpose can be clearly, statistically and fairly understood.

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