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
Kawasaki New Customer Care
As the Kawasaki Motors Corp., U.S.A. Engines Division has built much of its reputation on the level of responsiveness it has shown to its customers. Dealers will soon see more support as Kawasaki’s existing Order…
Lastec Introduces World’s Biggest Zero-Turn
Lastec has introduced the world’s biggest zero-turn mower with a 120 in. cutting width: the WZ1000 flex deck. Built in the U.S., and starting at $48,900 USD, the WZ1000 provides up to 8.73 acres/hour coverage…
Rotary Copperhead Mower Blades
The industry’s most extensive line of commercial-strength mower and edger blades is featured in the Rotary 2020 parts catalog including a variety of Copperhead flat, high-lift, low-lift and mulching models. Over 40 new blades are…
Honda Recalls Portable Generators
In cooperation with the U.S. Consumer Product Safety Commission, Honda recalled approximately 340,000 EB2200i and EU2200i generators in the U.S. The company will inspect and repair or replace inverter units within these generators. Recall inspections…
Briggs To Divest Turf Products
As a result of analysis of market dynamics, Briggs & Stratton will reposition to focus its businesses with expected annual sales of approximately $1.0 billion in the design, production and sale of: Briggs residential engines…
Mean Green Rival 52/60 Mower
The Mean Green Rival 52/60 is the latest mower of the new Evolution series. The Rival is sure to please most any mowing operator with 7 hours of continuous mowing time. It features 52 in.…
Stihl BGA 57 Battery-Powered Blower
The Stihl BGA 57 battery-powered blower puts out 103 MPH of average air velocity (123 MPH maximum air velocity) combined with 365 cfm for effective clearing of leaves and other yard debris. Weighing just 7.8…
