Miller Heiman Announces Strategic Alliance with Sales Benchmark Index and Launches Comprehensive Sales Data Products and Analytic Solutions.RENO Reno (rē`nō), city (1990 pop. 133,850), seat of Washoe co., W Nev., on the Truckee River; inc. 1903. Tourism has been the major industry since gambling was legalized in Nevada in 1931. , Nev. -- Miller Heiman (www.millerheiman.com) today announced a strategic alliance with Sales Benchmark Index (www.salesbenchmarkindex.com) to provide a comprehensive suite of sales data products and analytic an·a·lyt·ic or an·a·lyt·i·cal adj. 1. Of or relating to analysis or analytics. 2. Expert in or using analysis, especially one who thinks in a logical manner. 3. Psychoanalytic. solutions. This alliance brings together two leaders in the sales performance space, Miller Heiman, the pre-eminent pre·em·i·nent or pre-em·i·nent adj. Superior to or notable above all others; outstanding. See Synonyms at dominant, noted. [Middle English, from Latin prae leader in sales strategy and process, with Sales Benchmarking Sales benchmarking is a sales management process used to compare a company’s sales force against other companies or against industry performance. The purpose is to identify opportunities to improve performance and to focus the efforts of a sales organization. Index, the pre-eminent leader in sales benchmarking. While sales organizations routinely measure progress related to internal production goals, it is not a complete analysis of performance. Measurements are greatly enhanced when external benchmarking against peers is added. For example, in good market conditions, internal statistics may confirm the sales team is achieving 150 percent of quota quota In international trade, a government-imposed limit on the quantity of goods and services that may be exported or imported over a specified period of time. Quotas are more effective than tariffs in restricting trade, since they limit the availability of goods rather - a substantial gain - but the perception changes when compared to competitors who are achieving 250 percent of quota. This casts an entirely different light on whether an organization is over- or under-performing. "Benchmarking against peer groups has been a common practice to drive improvement for nearly every other functional area," says Dario Priolo, Miller Heiman's executive vice president of corporate development. Priolo comments, "We are excited about our new alliance with Sales Benchmark Index because we can now give sales and business leaders new opportunities to drive performance improvement." The Miller Heiman Sales Benchmark Index Reports include three essential components for benchmarking sales effectiveness in a complex, business-to-business selling environment: 1) Selling and Sales Management Sales Management Role and Goal Importance of sales management is critical for any commercial organization. Expanding business in not possible without increasing sales volumes, and effective sales management goal is to organize sales team work in such a manner that ensures a Best Practice Benchmarks, 2) Sales Operations Benchmarks and 3) Sales Compensation Benchmarks. The best practices draw from Miller Heiman's landmark research of "Winning Sales Organizations," a study that included over 6,000 participants around the world. The operational and compensation benchmarks draw from Sales Benchmark Index's information repository An information repository is an easy to deploy secondary tier of data storage that can comprise multiple, networked data storage technologies running on diverse operating systems, where data that no longer needs to be in primary storage is protected, classified according to captured of over 200 leading success indicators and proprietary forward-looking metrics metrics Managed care A popular term for standards by which the quality of a product, service, or outcome of a particular form of Pt management is evaluated. See TQM. . Reports will cover 15 different industries. By leveraging this data store, sales organizations can now understand how they are performing relative to others in their vertical or market segment. Sales Benchmark Index's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Greg Alexander, said: "Until recently sales leaders did not have the ability to measure themselves against the marketplace with objective external data. Our alliance with Miller Heiman has enabled us to create a single trusted data source to help sales leaders adopt this type of benchmarking. This alliance is a major win for our companies and our clients." For more information on benchmarking, visit http://www.millerheiman.com/benchmark. Miller Heiman-Sales Benchmark Index Reports
-- Best Practice Benchmarks
-- Customer behavior
-- Creating opportunities
-- Managing opportunities
-- Managing relationships
-- Talent management
-- Reinforcement and support
-- Management execution
-- Operational Benchmarks
-- Annual quota
-- Sales productivity per sales rep
-- Sales deal size
-- Sales growth rate
-- Proposal to close conversion rate
-- Annual turnover rate
-- Ramp time to full sales productivity
-- Sales lead generation source
-- Cost of sales
-- Return on sales
-- Compensation Benchmarks
-- Sales Director
-- Sales Manager
-- Strategic Account Executive / Manager
-- Sales Representative
-- Account Executive / Manager
-- Inside Sales
-- Sales Engineer / Specialist
-- Sales Assistant / Support
-- Sales Operations / Effectiveness
-- Sales Training
Industry Focus Business Services, Construction, Consulting and Professional Services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. , Energy, Finance & Insurance, Healthcare, Hospitality & Food Service, Industrial & Chemical, Manufacturing, Media, Pharmaceuticals, Technology & Software, Telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , and Transportation. About Miller Heiman Miller Heiman has been a thought leader and innovator in the sales arena for almost thirty years, helping clients worldwide win high-value complex deals, protect and grow key accounts, manage talent, and optimize optimize - optimisation sales strategies and operations. With a prestigious client list that includes Fortune 500 clients, Miller Heiman helps companies in virtually every major industry to build high performance sales teams that deliver consistent sustainable results to drive revenue. The company is headquartered in Reno, Nevada, and has offices around the world. More information can be obtained by calling 877-552-1747 or by visiting www.millerheiman.com. About Sales Benchmark Index: Sales Benchmark Index is the largest sales benchmarking company, bringing the discipline of benchmarking to the art of sales. With an unmatched proprietary information repository, a unique methodology, technology, and over 75 years of combined operating experience leading sales forces, we help sales managers sales manager n → gerente m/f de ventas sales manager n → directeur commercial sales manager sale n → succeed by implementing data driven decision making. Sales Benchmark Index has developed one of the most comprehensive sales benchmarking databases in the world and provide the world's most in-depth studies of sales management benchmarking. Headquartered in Atlanta, Georgia Georgia, country, Asia Georgia (jôr`jə), Georgian Sakartvelo, Rus. Gruziya, officially Republic of Georgia, republic (2005 est. pop. 4,677,000), c.26,900 sq mi (69,700 sq km), in W Transcaucasia. , the company can be reached at 888-556-7338 or visit www.salesbenchmarkindex.com. |
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