video | May 9, 2017
3 Core Processes for Sales Operations to Enable Revenue Growth
Joining us for today’s show is Christopher Fris, an executive sales operations leader who knows how to enable revenue growth in a meaningful way. Today’s topic is focused on how Sales Operations enables the sales plan. It’s difficult to grow revenue faster than your industry’s growth rate and faster than your competitors. Leverage SBI’s How to Make Your Number in 2018 to access a revenue growth methodology to hit your number quarter after quarter, and year after year.
As the Vice President of Global Sales Strategy and Operations at Ryder, Chris demonstrates how to improve the efficiency of the sales team. Chris has served as the head of sales operations the past seven years at Ryder and before that led sales operations for DHL Express for fourteen years.
Chris is uniquely qualified to speak on this topic of sales operations. For those of you who have followed John Gleason’s successful career at Ryder as Chief Sales Officer, Chris is the man behind the scenes enabling revenue growth. Successful sales operations leaders like Chris interface with the functional groups within your company to enable the sales plan to be successful.
Why this topic on this day? Sales ops has become a catch all phrase. The sales ops leader gets assigned all the work no one else wants to do. Often underfunded and understaffed, sales operations leaders fail to deliver a meaningful revenue contribution. Yet, the best growth executives understand that sales ops is the most strategic sales function in the entire company. They understand that when deployed correctly, sales ops can impact revenue growth in a very meaningful way. Do not starve this vital department. If you do you’re going to miss your revenue goal.
Watch as Chris demonstrates how to improve the efficiency of the sales team. We begin the show with an overview of Chris’ strategic areas of focus and his organization chart. Few people outside of sales operations realize the nexus for so many interlock points across the company.
The top three core processes that sales operations vice president’s need to manage include: Pipeline management, territory design, and quota setting. Chris takes the viewers through his approach for each process and I fast frame each with the following headlines.
Chris and I discuss the approach for sales operations and advanced analytics. We discuss the four-step continuum of analytics. Descriptive analytics us what has happened in the past. Predictive analytics predicts the outcome at some point in the future assuming all in the inputs stay the same. Finally, Prescriptive Analytics is predicting the future and if you don’t like the outcome, you can seek to change the outcome before it happens. Prescriptive is about prescribing a set of activities to alter the future. This all requires systems, methodologies, data, talent and continuous improvement. Watch as Chris describes his team’s movement along the four-step continuum of the analytics journey.
Pay close attention to the detailed description Chris provides of the advanced diagnostic analytical approach to sales win/loss. This is a great way to expand into diagnostic analytics if you’re just at the descriptive stage right now. Understanding why you won, why you lost, you’re really answering the question of why it happened. You’ll see over time recurring patterns and trends that will take you to the predictive and prescriptive approaches.
Would you like help developing your sales operations strategy? Come see me in Dallas at The Studio, SBI’s multimillion dollar, one-of-a-kind, state-of-the-art executive briefing center. A visit to The Studio typically results in getting three months of work done in three days. The immersive sessions accelerate everything, dramatically reducing the time it takes to diagnose a problem, develop a solution, and create an implementation plan.
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© 2018 Sales Benchmark Index (SBI), B.V.
A Business Strategy Consulting Company
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Amsterdam, The Netherlands