Profile :
- Identification of the Market Size : Identification of the market size of the assigned product line in different business territories dynamically as a continual process
- Derivation of the Market Share : Evaluation of the current market share of the assigned product line for each of our potential business territories (Where we are )
- Market Research : Identification of the business opportunities
- On line surfing (Various industrial product portals / Websites of the competitors etc)
- Through various industry / association reports
- Active information gathering from front end sales team
- Through visiting industrial exhibitions / business summits / seminars
- Through industrial directories / magazines
- If required paid market research through the competent agencies
- Competition Analysis :
List of different products from the different competitors
Benchmarking with the Competition :
Technical comparison
Commercial comparison
Gap Analysis : Preparation of report to the concerned depts. and management with suggestions for the scope of improvementsFormulation of the business enhancement strategiesManpower deploymentProduct positioning viz a viz competitionTricky product propositionsIdentification of the bulk buyers / Corporate customersApplication / Solution specific product selling (e.g. exploration of differential case customers for ATM Series)Tooled up machine selling proposition through application teamProduct promotion through exhibition / open house / print and social mediaDynamic pricing strategiesPeriodical schemes / offersIdentification and implementation of value additions through active communication with the back-end design / technical sales support / application / marketing / after sales service teamContinual Assistance to the sales team :Accompanying the front end team to pitch the product at the customer endPreparation of the product presentations through back end sales teamAssistance in preparation of the product teasers / product videos / cutting videos through marketing teamApplication Library : Product specific components gallery prepared through application dept.Satisfied Customers reference listCustomer Testimonials for the assigned productsSharing the details of the upcoming projects / Capex Plans / Expansions etcSharing the leads for the assigned productsGap identification and suggestions / action plan on bridging the gap for the better sales penetrationDynamic Review :Periodical review of the product sales with the front end sales teamQualification
Graduate - B.E. Mechanical / Electrical (Degree / Diploma) Degree in Marketing, Business Management, or related field is preferred.
Experience
Minimum 18 + Years . Proven experience with track record of Business Development in CNC Machines Manufacturing or similar Machine Tools Industry.To be successful you should have the ability to lead and motivate a high-performance BD team to maximize revenue and meet / exceed set goals. Develop strategic sales plans to increase market share, Build strong relationships and manage profitability.
Skills Required
Market Research, Gap Analysis, Product Positioning, Product Presentations, Competition Analysis