Listen Soft Memo
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fter reviewing your Listen Soft product simulation that sent by your company, there are many suggestions that we could make to assist you. Sales forecasting demand if a very difficult area of management. Even though most mangers believe that have skills to forecast markets, most of the time they are incorrect. This memo will update you on conservative forecasting, achieving sales target goals, and determining price points.
Most managers analyze data, rely on trends, baseline variation, seasonal trends, and use historical facts to forecast the sale of products. Other managers use their ÐЎЧgut instinctsÐÐŽÐÐ to forecasting targets. Because of this, many sales forces are conservative because of the fear of projecting incorrect values. There are many tools that a manger can use in order to ensure forecasting sales in on target. The following are great tools managers will be able to use assuring sales forecast are on target:
Researching Trends and customers needs- This will allow you change any sales inquiries that you may have and allow yourself more time to react under these different circumstances.
Use Updated Technology- Online forecasting is one of the most current and accurate resource that a manager could use. It allows potential or current customers to view product information, review and update demands statues, change orders or delete orders which would give you immediate, up to the dateÐЎЦs statistics on your products.
Continuing Education- Different techniques and new ideas are present it everyday, it would be a great idea for managers for them to enroll in a sales forecasting management programs. These programs are taught by leading companies in the field and are excellent ways for managers to view new ideas.
After reviewing the products three-market segments (Banking, IT and Doctors), a manager should consider a few segments in determining price points for ListenSoft. The following are tools used for this:
Number of companies interested in your product
Number