Lost Sales Tracking Systems
On Feb. 4 RV Trade Digest posted a blog entitled “When is enough, enough?” about how RV dealers can maintain accessory items in their stores.
Colin Iwasa, of Yamaha Motor Corp. offered several points about reduced inventory and generator sales shifts from RV dealerships to motorsport channels.
Due to the responses RV Trade Digest received Colin has put together some new points to assist dealers:
“It’s true that many consumers think of Yamaha’s motorsport dealers as the place to buy Yamaha generators. Until recently, RV dealers were selling nearly as many Yamaha generators as our motorsport network was selling.
Yamaha’s sales in 2008 were just shy of our 2007 sales. The difference is that the sales have shifted from the RV channel to the motorsports channel. I’m sure there are several factors driving this shift, but what really stood out has been the reduced inventory in RV dealers. With that said my point is to suggest that dealers dust off their ‘lost sales tracking systems.’
Most dealers are reducing inventory and making cuts to adjust to this slow economy but don’t throw the baby out with the bath water. I would not, could not, suggest that dealers need to be stocking more Yamaha generators; I won’t suggest that Yamaha generators are right for every RV dealer. I am saying that in your effort to go lean and mean, don’t go so lean that your customers leave you to get the products they want.
Pay attention to your lost sales tracking system. Lost sales tracking systems should help dealers keep the right inventory to keep the customer in the store.
Ask the manufacturer’s and distributor’s sales rep what’s moving and what’s not moving in your market area and in your customer segment. Use them as part of your tools to prevent lost sales and keep proper inventory.
Distributors are very good for replenishing stock, distributors are good for giving dealers market view and vision. Use them for what they’re designed for. They’re not designed to be your inventory.
In conclusion dust off your lost sales tracking system and good luck.”
If you wish to speak with Colin Iwasa his contact is below:
Colin Iwasa
Yamaha Motor Corporation, U.S.A.
Power Equipment Division
6555 Katella Ave.
PO Box 6555
Cypress, CA. 90630
714-761-7392
colin_iwasa@yamaha-motor.com
