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Sales Pipeline Analysis and Forecasting
Which prospects to pursue
Pipeline analysis and forecasting is the process of
determining which opportunities should be pursued and what is the likelihood
of success. Almost every sales organization has some type of sales pipeline
and forecasting process. Very few do this well.
Unqualified prospects
Pipelines are often unqualified or qualified by
the wrong criteria. Forecasts are typically tied to a stage of the sales
cycle with the erroneous implication that the longer a deal is pursued the
higher the chances of winning become.
Our solution
A well organized and disciplined pipeline and
forecasting process provides the best way of predicting sales performance in
terms of revenue and timing.
- Scrub all sales
pipelines as the first step in cleaning out bad and low potential
business
- Organize pipelines
according to retention, expansion, new business and de-investment
priorities
- Use consistent criteria
to objectively calculate if demand is present, if the opportunity should
be pursued, the timing of the purchase and your competitive position
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