Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A leading global manufacturer of MRI machines (used at hospitals) needed to create a quarter wise sales forecast and yearly forecast for next year (2022)

image text in transcribed
A leading global manufacturer of MRI machines (used at hospitals) needed to create a quarter wise sales forecast and yearly forecast for next year (2022) for its products & services in India. The typical sales process and activities are as follows. Based on past year data, typical conversion rate at various stages of sales process are as follows Conversion Rate Sales Stage (based on historical data) Lead/Suspect I 15% I Prospect I 30% I , Qualified Prospect (technically qualified) 45% I Committed (commercial negotiation on) I 75% I Also we had a discussion with the 4 sales representatives and they have provided following information Sales Discussion points/Notes/Emails received person SP1 1. Lead stage proposal with AIIMS Bhubaneswar ofdeal size INR 50 Million, tentative closing by (Manages July 2022 with probability of success 60% Eastern 2. Committed proposal from KIMS of deal size INR 20 Million, tentative closing by Aug 2022 Region) with probability of success 80% 3.Prospect stage proposal with SOM of deal size INR 30 Million, tentative closing by Mar 2022 With probability of success 30% SP2 1. Qualified prospect stage proposal with Bombay Hospital of deal size INR 100 Million, tentative (Manages closing by June 2022 with probability of success 40% Western 2. Lead proposal from Breach Candy Hospital of deal size INR 50 Million, tentative closing by Nov Region) 2022 with probability of success 30% 3. Qualified prospect with Apollo of deal size INR 10 Million, tentative closing by May 2022 with probability of success of 60% SP3 1. Committed proposal with Apollo of deal size INR 25 Million, tentative closing by Feb 2022 (Manages with probability of success 90% Southern 2. Lead stage proposal from CMC Vellore of deal size INR 50 Million, tentative closing by Aug Region) 2022 with probability of success 80% 3.Prospect stage proposal with Yashoda Hospital of deal size INR 30 Million, tentative closing by Mar 2022 with probability of success 80% SP4 1. Qualified prospect stage proposal with AIIMS Delhi of deal size INR 30 Million, tentative (Manages closing by May 2022 with probability of success of 70% Northern 2. Committed proposal from Indraprastha Hospital of deal size INR 20 Million, tentative closing Region) by Aug 2022 with probability of success 90% 3. Lead stage proposal with Fortis of deal size INR 30 Million, tentative closing by Nov 2022 with probability of success 40% Create a sales forecast (showing Q1, Q2, Q3, Q4) and overall for 2022 based on the above information

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Consumer Behavior Buying, Having and Being

Authors: Michael R. Solomon

11th edition

978-0133451153, 133450899, 133451151, 978-0133450897

More Books

Students also viewed these Marketing questions

Question

4. Identify the challenges facing todays organizations

Answered: 1 week ago