How to improve sales management in the manufacturing industry and strengthen competitiveness with important KPIs.
Explaining the points for improving sales management in the manufacturing industry and important KPIs. What are the methods to enhance competitiveness through information centralization and automation?
Sales management in the manufacturing industry is a crucial system that influences revenue and customer satisfaction. However, challenges such as "delivery delays," "excess inventory," and "information fragmentation" are common on the ground, and clear metrics and initiatives are necessary for improvement. ● The first step in improvement is the centralization of information. By integrating and sharing data on orders, inventory, shipments, and invoicing in real-time, interdepartmental collaboration is strengthened. ERP and sales management systems serve as the foundation for this. ● Next is the standardization and automation of processes. Manual data entry and verification can lead to errors and cause delivery delays. The digitalization of EDI, automatic ordering, and invoicing processes significantly enhances accuracy and speed. To measure the effects of improvements, KPIs are essential. The following are representative indicators: - Delivery compliance rate: An important indicator of customer satisfaction - Inventory turnover rate: An indicator of inventory liquidity - Order processing time: A measure of business speed improvement - Sales forecast accuracy: An indicator that enhances the reliability of management planning By regularly monitoring these metrics and cycling through improvements, sales management evolves into a "strategic capability that supports management." To maintain competitiveness, it is essential for manufacturing companies to optimize sales management in a data-driven manner.
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If you are looking to improve the efficiency of sales and purchasing operations in the manufacturing industry, please also read the following article! ■【UM Sales and Purchasing】Quickly and Easily Achieve DX in Sales Management for Manufacturing! https://mono.ipros.com/product/detail/2001549243/ ■Order Management: Integration from Salesforce opportunities/creation of quotations, input and management of internal orders/orders ■Shipping Management: Allocation of shipping inventory, shipping, issuance of delivery notes, registration of shipping performance ■Sales Management: Creation of billing data, issuance of sales slips, integration with accounting systems ■Order Management: Purchasing quotations, input and management of internal orders/order information ■Receiving Management: Registration and management of scheduled/actual receipts, return processing, partial receipts ■Purchasing Management: Recording of purchases, issuance of purchase slips, return processing, creation of payment schedule data, integration with accounting systems
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