|
Founded in 1966, Die-Pat Divisions Ltd is a
family-run business specialising in the supply of
hardware to the food services industry. In an average
year the company has about 1,600 active accounts,
distributing products throughout the UK and Ireland and
is well respected in the catering business. However, in
recent years the competition has toughened up. Joint
managing director Christine Brander explains: "While we
are still achieving nice year-on-year growth the
pressures on the business have increased in recent
years. Our competitors are a lot more aggressive than
they used to be."
The company's reaction to this increase in
competition has been to re-source product: "We used to
do a lot of in-house manufacturing," says Brander, "but
when the competition started to toughen up we realised
that our margins were being nibbled at so we went out to
the Far East to re-source product. This instantly gave
us better margins."
However, since then Die-Pat has come up against
another major challenge: the cost of raw materials,
which are in high demand and ever shorter supply, has
shot up. One tactic is to try and past the rising cost
of materials on to the customer through a hike in prices
but companies that do this run the danger of pricing
themselves out of the market. "Some of our competition
are small operators with fewer overheads and they can
survive on a margin of ten percent, but we can't afford
that, so pricing became a key issue for us," explains
Brander.
To help address these issues Die-Pat invested in
VECTA sales intelligence. "The big problem for us was
the sheer volume of accounts and products. It was
getting increasingly difficult to control," explains
Brander. "Prior to VECTA, we tried a solution from Sage
and Swan's Sales Office but neither solution gave us the
level of sales intelligence we were after. VECTA gives
us exactly what we were looking for - simple and
immediate access to meaningful sales data at the tap of
a few buttons."
Sales intelligence software makes sales professionals
more successful by giving them instant access to vital
information about customer buying patterns and account
status. This helps them sell more effectively by
allowing them to create realistic objectives for every
sales call made. VECTA also alerts the sales team when a
customer stops buying certain lines, thus helping to
identify potential threats or problems with lost or
drifting customers.
The key objectives behind Die-Pat's decision to
invest in VECTA were to create a more proactive sales
culture and to guard against the competition. "Out of
the competition there are two companies that could take
on most of our product range," says Brander. "Then we've
got the cherry-pickers - competitors that target a
specific product or product range. We also needed to
identify customers that are easily tempted away on one
item or one group of products."
Although a little sceptical at first due to negative
experiences with Sage and Sales Office, the sales team
at Die-Pat has immediately reacted well to VECTA: "They
have been very impressed by the level of detail that is
available to them now at the click of a button," says
Brander. "Our sales people are much more proactive as a
result of having VECTA. The factual sales data made
available to them are increasing the productivity of
every sales call by highlighting how much more could be
sold to specific customers, significantly increasing
sales to existing accounts. Gaps and customer or product
drift are now quickly identified and customers are
impressed by the historical sales knowledge our sales
executives are now able to demonstrate."
The sales executives at Die-Pat use VECTA
intelligence in their monthly sales meetings and also
when they are sat in front of a customer. "VECTA sales
intelligence impresses the customers no end," says
Brander. "There is real value in being able to show a
customer written evidence of what's been going on.
Sometimes the customer doesn't realise that he has been
giving you a certain type of order or that someone else
in the office had given the business away."
VECTA has improved internal communication too as
Brander explains: "Now, when our regional sales managers
download their slice of VECTA data, they look at it and
can begin to talk about the intelligence with their
team; before they simply did not have access to this
kind of information. In fact, with VECTA there is so
much more visibility over everything that's going on;
this has dramatically improved communication right
across the business."
The management at Die-Pat is also using VECTA to
great effect: "At management level VECTA is providing
valuable sales analysis that we are using to help us
make more informed decisions and to drive the business
forward," comments Brander. "We can now effectively
connect our marketing campaigns with our sales activity.
Our marketing manager continuously uses VECTA to line up
promotions as the sales people feed through information
about potential orders, which obviously helps us with
stock-control. The sales data has never been as
accessible or as useful as it is today."
Thanks to VECTA the sales team at Die-Pat are selling
more and the company is continuing to enjoy steady
growth. In conclusion Brander states: "VECTA makes it
easy to identify any problem areas enabling us to go
away and resource product if necessary. This proves to
the sales team that we are doing our part to give them a
better edge. They are then able to use the VECTA
solution to increase their margins. The partnership we
have with VECTA is definitely one that I wouldn't like
to be without."
Christine Brander
Managing Director
Die-Pat
|