Evaluating information for forecasting sales against company expectations involves assessing relevant data and market factors. Making and recording sales forecasts based on market factors includes predicting future sales outcomes. Monitoring and evaluating previous sales performance against forecasts entails reviewing and analysing past results to enhance future forecasting accuracy.
This unit standard is intended for learners in automotive sales who are required to forecast, monitor and evaluate their own performance from statistical information and market trends. On achievement of this unit standard, the learner will be able to evaluate information for forecasting sales against company expectation, make and record sales forecasts based on market factors, monitor and evaluate previous own sales performance against own forecasts.
Course Content
- Information that can be used to forecast sales is accessed according to company policies, procedures and methodologies
- The information obtained is evaluated with reference to the previous month’s company sales reports
- Past industry sales performance is analysed in relation to personal sales
- Our performance is evaluated against past industry sales performance and reasons for deviations are provided
- New factors that could impact upon sales targets are identified in terms of company and market constraints
- Adjustments to sales targets are calculated based on assessed factors affecting sales
- According to organisational guidelines, sales figures and forecasts for the next three months are obtained
- Personal sales forecasts are developed according to standard procedures
- The forecast is evaluated against managerial targets, with reasons for deviations
- Previous sales performance is evaluated against a personal sales plan forecast
- A deviation report of objectives not met during previous sales months is submitted according to company procedures
- Shortcomings in personal performance are listed and corrective steps proposed in terms of creating a personal development plan
- Non-accredited: Short course only
- Duration: 1h 30m
- Delivery: Classroom/Online/Blended
- Access Period: 12 Months