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Overview:
Closed $5 Million Retail Merchandising
Sale*: Associate helped
Retail Services Organization
close the biggest sale ever for
company in the Northwest United States, generating some
$5 million in annual revenue.
(Additional results for company included
redeploying reps geographically to reduce fuel costs and providing
effective training to improve rep productivity).
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Problems / Challenges Faced:
· Merchandising
organization had represented this manufacturer for years in other parts
of the U.S., but had never been able to convince manufacturer to use
them to service the Northwest U.S.
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Manufacturer was concerned that merchandising organization did not have
enough experience in the Northwest
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Solution:
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Associate had
worked for the manufacturer, so knew the key people
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Associate contacted
numerous decision makers in the manufacturer to help them understand
that the merchandising organization did have capacity to do the work
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Associate demonstrated that their merchandising organization could
deliver "better service for the same dollars that the current
merchandising services organization was charging"
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Associate
initially proposed just servicing manufacturer in San Francisco market,
where incumbent was having most of their problems
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Proposal expanded
to servicing all of the Northwest
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Closed
merchandising work for all of Northwest, except three retailers
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Ultimately closed
work for two of the remaining three retailers
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Key was
manufacturer's trust in associate. Associate agreed
to serve as single point of contact. An additional strength
was merchandising organization's systems and processes
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How they kept
the business:
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Established
and maintained manufacturer's confidence through honest,
straightforward, communication
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Kept
manufacturer informed, told them about issues, even the little
things
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Brought in
manufacturer's key person to meet with field managers.
Went through manufacturer's needs, special requirements, etc.
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Had field
managers contact manufacturer's field managers and work closely
with them
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Associate
proactively contacted manufacturer every week or every
other week at a minimum - asked about problems / issues before
they become major. "We love ya... we are thinking about
you..."
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Manufacturer has
their own staff that does basic continuity merchandising
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Associate's firm
did primarily sets, resets, new item cut-ins, overflow work for
manufacturer, etc.
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Results:
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Associate closed
largest sale ever for
merchandising organization in the Northwest United States, generating some $5 million in annual revenue.
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Three years later, still servicing entire Northwest, just underwent
review, no significant problems in Northwest, though problems
identified in other parts of the country
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Associate closed one retailer on putting merchandiser's space
analyst on staff full time
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