Share On Social
Ideas On How To Handle Inventory Issues
Article By John Chapin
1. Keep in mind that almost all other industries are experiencing the same shortage in inventory. Unless someone is living under a rock, they know this. Simply say, “Joe, as you know, cars, computer chips, every single industry is dealing with inventory issues right now.”
2. Over communicate. If someone is waiting for a machine, reach out to them more often than not, to let them know the status. Even if you don’t know, call people and let them know you don’t know. This let’s people know you haven’t forgotten about them. The last thing you want is someone chasing you down for answers. Be proactive with communication.
3. Under promise, over deliver. If the manufacturer says three months, tell the customer four or even five months. If the manufacturer misses the three month window and it takes six, adjust accordingly.
4. If you know people are going to have to wait long periods to get equipment they order, be proactive and make sure they know this so they can order early. Even if you aren’t sure whether a particular customer will need something, this is a good excuse to reach out and have a conversation.
5. Strengthen your ties with the manufacturers’ reps. Ask them what they need to see from you to make your orders a priority. Show them you have orders.
6. Make more calls because many salespeople are making fewer calls since they don’t want to disappoint a customer who might say they need something that the dealer doesn’t have. This is fear-based communication, or a lack of communication due to fear. If someone wants to buy something, you want to know about it so you can get it ordered. The average salesperson cuts back on calls by 37% when there are disruptions in the market. This is a good time to go get competitive business.
7. Come from a position of strength not weakness. You don’t use the fact that you don’t have inventory of some equipment as an excuse to make fewer calls, in fact use it as an excuse to make more. Why? The human default setting is to get negative and make fewer calls. You need to be a contrarian and take advantage of the fact that most people are probably still backing off right now. Stay positive and increase your calls. You never are better off being negative and making fewer calls, in fact you’re always worse off, and you’re almost always better off doing the opposite or what everyone else is doing.
8. Focus on what you can do, not what you can’t do. One of the first rules of sales is lead with “yes” versus “no.” When someone asks if you have something that is on backorder, instead of saying “no”, you say, “Yes, we have some of those scheduled to come in in six months. We’re taking orders for them now. Follow me and I’ll get some information from you so we can get it set up exactly the way you want it equipped.” Let’s face it, you may eventually have to say “no” if they push you on if you have any at the dealership right now. The point is—lead with what you can do versus what you can’t.
A statue was never built in honor of a critic, the world appreciates positive problem solvers, those that go against the grain, and see the opportunities in a crisis.
John Chapin is a motivational sales speaker, coach, and trainer with over 34 years of sales experience.
Visit www.completeselling.com
Email: [email protected]
Latest News
Karnes Enterprise Distributes Archer, TsuMura
Minor Karnes, formerly with Tilton Equipment Co., with the help of his two sons Jason and Michael has taken his experience and knowledge to establish his own importing and distributing company Karnes Enterprise in 2016. With over 40 years in the Chainsaw Industry, Karnes Enterprise is a leading distributor specializing in chainsaw chains, guide bars, sprockets, sharpening tools and much more. Offering products from some of the most popular brand names in the industry. Over the years Minor has developed great long-term relationships with the families and people behind the Archer, Tecomec and TsuMura brands.
Altoz Promotes Karl Bjorkman
Altoz has announced the promotion of Karl Bjorkman from Sales and Marketing Director to...
New From Exmark: Quest V-Series Electric Zero-Turn Mower
Exmark has introduced its first electric residential zero-turn mower—the new Quest...
M&H Equipment Service Named Altoz Dealer Of The Year
M&H Equipment Service (M&H), a locally owned Northeast-based commercial power equipment sales and service dealer, has received the prestigious 2023 Altoz Dealer of the Year award. This recognition underscores the company’s unwavering commitment to quality, education, fair pricing, and unparalleled customer service. It is the first win for M&H, though the company’s third time in the Top 10 Dealer category.
Maruyama Expands U.S. Footprint
Maruyama U.S., Inc., a subsidiary of Maruyama Mfg. Co., Inc. has expanded its warehousing...
New From Altoz: TerraFlex Track System
Engineered for commercial-grade use, the TerraFlexTrack system for the TRX 766 i zero-turn mower from Altoz are designed to excel in demanding conditions, making them ideal for heavy usage operators who frequently tackle large areas and challenging terrains.
New From Echo: DPB-5800T Battery-Powered Backpack Blower
Echo Inc. has launched a new battery-powered backpack blower, the DPB-5800T. The world’s first and only 3-battery port backpack blower, the DPB-5800T, has a combination of high speed and high air volume output, given the power to tackle even the toughest home and garden projects and is ideal for homeowners and light commercial applications. This mid-range tool is built and compatible with Echo’s 56 V battery platform and features all the benefits consumers and professionals have trusted for more than 50 years, including outdoor grade power, comfortable ergonomics and quiet operation.