Free market comparison service for motor factors and retailers

Transcription

1 Free market comparison service for motor factors and retailers Driving Business Performance

2 Contents 3 Introduction 4 Comparing trends 5 Part number / average price tracker 6 How to sign up 7 Company backgrounds

3 Introduction Factor-Sales is a new, free, web-based service that allows you to compare your data against the total market*. Intuitive yet simple-to-use, Factor-Sales provides a wealth of functionality, giving you the ability to compare sales trends, average retail prices for parts, total market growth/decline and relative performance against a national pool of competitors. The service comes from a partnership between MAM Software and Factor-Sales to provide the first comprehensive data analysis tool available to the automotive aftermarket on a national scale. It will allow you to highlight your company s strengths by comparing specific part sales with the national pool. It will also allow you to rectify weaknesses by identifying where your prices are higher than average. To get access to the service you need to allow MAM Software to add your data to the national pool. Confidentiality is guaranteed only you can view your own individual data (information available to others is aggregated from the national pool). Key features: Comparison of trends Total market size Sector/sub-sector size Specific parts data Price tracker Parts tracker Updated weekly Graphical or tabular format *Nationwide representation of total market Factor-Sales Booklet Page 3

4 Factor-Sales is a big step forward for the automotive industry as a comprehensive data analysis service has never been available to the businesses on a national scale. Nigel Clemett Commercial Director MAM Software Comparing trends My data vs national data Factor-Sales allows you to compare your performance with the national pool. This gives you the opportunity to identify where your decline/ growth compares with that of the aggregated national average (of other signed-up motor factors). Being able to clearly see where your business is falling short can help you identify where improvements could be made. National category performance You can use this tool to drill down into specific categories. For example, you can see how your sales for oil filters compares with the national pool. Without this information, you may be left wondering why your oil filter sales are down on last year, when in fact on average oil filter sales have fallen. You may use this information to think of a new marketing campaign to generate more sales, or you may use these insights to adjust your stock levels for this category. Key benefits: Free online service No on-site installation Increased operational efficiency Confidentiality promise This tool will allow you to compare trends on a monthly or yearly basis, meaning you can analyse your own trends as well as comparing them to the market. Key features: Compare your performance with the national pool Drill down into specific categories Analyse total market growth/decline Page 4 Factor-Sales Booklet

5 Part number / average price tracker The price tracker function of Factor-Sales allows you to input manufacturer s part numbers to compare average prices across the marketplace. This means you can quickly identify whether you are charging too much, or too little, for specific parts. This function will also show you growth and decline rates for these individual parts so you can spot patterns in sales helping you to plan ahead accordingly whilst ordering stock. Key features: Compare your prices with the national pool Input manufacturer part number Value and volume sales Choice of time period comparison Compare 6 parts simultaneously Key benefits: Identify profit-making opportunities Identify price trends Plan ahead with stock purchasing Protect your revenue Identify growth/decline trends Rectify weaknesses Exploit strengths Factor-Sales Booklet Page 5

6 MAM s experience, together with our expertise in data collating and marketing, ensures the new service will bring significant benefits to UK motor factors. Peter Seagroatt Founder & Director Factor-Sales How to sign up To get access to the Factor-Sales you need to sign an agreement, giving your consent to allow MAM Software to add your data to the national pool. Strict confidentiality is guaranteed - only you will have access to your specific information. In return for your data, we ll send you monthly reports to your given address containing vital information on the automotive aftermarket. Access to Factor-Sales couldn t be easier as there is no on-site installation involved in the setup. We will collect your data by setting up an automatic report as part of the dayend, so you don t need to do anything except sign the form. Page 6 Factor-Sales Booklet

7 Company backgrounds MAM Software Established reputation Founded in 1984, MAM Software has established an enviable reputation as the leading provider of professional business management systems and data solutions to the UK automotive aftermarket. This reputation is built upon our ability to consistently deliver reliable, innovative and economical software solutions that bring competitive advantages and increased profitability to our clients and business partners. The aftermarket MAM applications are recommended by many of the country s leading trade organisations and buying groups. Thousands of companies nationwide from single-site operations to multi-user, multi-site organisations rely on MAM Software to manage their business. Our customers operate throughout the aftermarket in sectors such as: Parts warehousing Component distribution Motor factoring Accessory retailing Vehicle repair Fast fit servicing Tyre retailing Tyre wholesaling Accident repair Factor-Sales Factor-Sales has been set up specifically for the purpose of bringing comprehensive data analysis to the aftermarket on a national scale. The company was established in 2010 by Peter Seagroatt, a pioneer of the data broking concept with over 30 years of experience in the collection and reporting of key industry information. Factor-Sales Booklet Page 7

8 Driving Business Performance MAM Software Ltd. Maple Park Maple Court Tankersley Barnsley S75 3DP Registered in England Registration No VAT No MAM Software Ltd. is a subsidiary of MAM Software Group, Inc. Office Fax Web +44 (0) (0)