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What Do You Track?
by Tara Taffera
During a recent interview with Rick Wuest, president of
Thompson Creek Window Co., something struck me. Instead of answering the
questions I asked him with generalities, Rick’s hand was always on his
computer mouse so he could give exact numbers. He knew how many of his
customers were satisfied with their window purchases. He knew every type
of financial data including the price of the average window sale, how
much that number was up from the previous year—the list goes on. (for
more on Thompson Creek see page
30.)
The same is also true for Jim Lett, owner of A.B.E. Windows and Doors.
Michael Collins, vice president of the building products group at Jordan
Knauff and Co., noticed this when he heard Lett speak at Fenestration
Day, held in March 2010. And Collins is a numbers guy—he tracks all kinds
of financial data, and speaks to door and window companies all the time.
“That’s the first time I’ve seen a company track so much data, including
the age of customers, etc.,” said Collins.
You may be thinking, “So what? Every company should be tracking their
data.” If so, that means you’re doing a good job. But not everyone is.
I recently asked the president of one window manufacturing company what
percentage of warranty claims his windows had. He said he didn’t track
that data as it is a small number. Well, even if it is a small percentage,
it could always be lower, so why not track it or least have the information
available? And what about assessing trends? If for some reason the warranty
claims went up or down at least he would know why.
Why is all of this is so important? When the Environmental Protection
Agency (EPA) came out with its lead paint requirements for pre-1978 homes
Lett knew exactly what percentage of his jobs would be affected, so he
could gauge the effect this would have on his business. Not all companies
could say the same.
Aren’t we in a competitive market? Of course, and I’m sure collecting
as much data as possible can help us spot trends that can be invaluable
in correcting problems and making improvements.
It’s not too late. Start tracking today.
P.S. Though difficult to track, we have seen an alarming trend in our
Secret Shopper visits in recent months. There seems to be a disconnect
between the service offered by the manufacturer and its dealers. One example
of this can been seen on page
36. When shopping for a door, Holly Biller went from thrilled by the
service offered by one manufacturer’s customer service rep to less-than-thrilled
with the dealer.
Another of our Secret Shopper articles talked about the poor service provided
by one dealer. The manufacturer quickly called to let us know that they
have talked to that dealer to fix the problem. When another shopper went
back to that dealer he received the same poor service. That’s not to say
this is always the case—the reverse can also be true. So whatever end
of the supply chain you’re on make sure you’re associated with a reputable
company that provides exceptional service.
DWM
© Copyright 2010 Key Communications Inc. All rights reserved.
No reproduction of any type without expressed written permission.
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