Heavy Equipment Business Simulation –
A Management and Leadership Development Course for Heavy Equipment Dealerships.
Over a period of several days, course participants will be introduced to the fundamental business tools needed to achieve long-term profitability and competitive advantage at a heavy equipment dealership. Participants will be challenged to apply these tools in a computer-simulated environment (a “virtual” Heavy Equipment Dealership), where their performance will be evaluated by a marketplace that has been created by competing participant teams. Two ways to run a class:
Live, onsite, instructor-led
– or –
Online from your dealership – no travel, no TSA pat-downs!
Learn by Doing
At the center of this course is the Heavy Equipment Business Simulation – Test Drive™. In Test Drive, participants will be immersed in a learning activity unlike any they have experienced before. Over a period of several simulated years, teams will be challenged to manage a struggling dealership and compete for customers and qualified employees.
At the end of each decision period, teams will receive performance feedback in the form of financial and industry reports. Participants will learn how to use these performance barometers to grow the business and improve bottom-line performance.
“I found the PriSim Class outstanding; it gave great insight into the areas of a company that I do not have a daily interaction with. Understanding how an entire company is tied together was a benefit beyond my expectations.”
Equipment Management Consultant and Emissions Specialist, Large Heavy Equipment Distributor
Our Course is Specific to Your Industry
Hands-On Heavy Equipment Dealer Simulation Dashboard
- Equipment Sales by product type including pricing, profitability analysis, and inventory forecasting
- Parts and Accessories/General Merchandise management including ordering, inventory forecasting of slow and fast-moving products, lost-sales analysis, and profit forecasting
- Market Segmentation analysis including demand, price and experience sensitivities, and other demographics
- Service Department analysis and management including shop-rate, capacity, and staff assignments
- Financial Statement analysis of Income Statement and Balance Sheet
- Financial analysis including department absorption, gross profit, overheads, inventory turns, and ROE
- Customer Satisfaction analysis including CSI and customer lifetime value
- Staff Incentive Management throughout the simulation based on equipment sales, parts sales, technician proficiency, inventory accuracy, and F&I penetration
- Finance and Insurance sales including pricing, incentives, and penetration analysis. Manage accounts receivable. Dealership valuation.
- Equipment Rental analysis and management including break-even analysis, pricing, movement of rentals to sales, and advertising
- Facility Investment in merchandise showroom, service environment, and showroom space allocation
- Staffing levels, pay, and utilization by department
- Training including skills development and time-blocking by activity and by department
“It was not only challenging, but competitive and fun! You did a great job of facilitating and moderating the entire class. And, I learned how different areas of the dealership can impact one another and the importance of aligning one’s strategy with day to day decisions.”
National Accounts Manager,
Regional Heavy Equipment Dealership
Equip Your Team for ALL the Challenges of Dealership Management!
Participants Will Learn:
- A “Total Dealership Perspective” on decision-making
- How to apply proven business and management topics to dealer operations
- How to think strategically
- How to analyze complex business issues
- How to use sound judgment in decision-making
- How to develop effective business plans
- The importance of customers and their “lifetime value”
- How to read and interpret financial reports (Profit and Loss, Balance Sheet)
- How decisions in each department impact the total dealership and other departments (integrated decision-making)
- How to measure success using financial & operational ratios
- How to establish effective group decision-making roles and processes
“The value of the Test Drive course is to provide a broader experience to those in our organization with a narrower departmental focus. It illustrates how various departments influence each other. The experience also shows how different actions influence the bottom line as well as our customer’s satisfaction index. In a condensed time period you can give an employee the benefit they would receive from rotating through several departments, with the end result of a better understanding of how the entire dealership works.”
The Berry Companies
Financial Statements for Vehicle and Equipment Dealerships
Financial Metrics and Ratios for Vehicle and Equipment Dealerships
“I thoroughly enjoyed the class. It made you think outside of your own day to day world. You actually got to see what effect your decision in one department did to all of the other facets of your business. We were given a better understanding of how company financials work. The board game was a great eye-opening tool to see the flow of an individual transaction, and all of the areas that just one transaction hits. The Instructors were very helpful and insightful with tips throughout the process to make you think.”
Dealership Operations Manager,
“Thank you for a wonderful opportunity! What a wonderful learning tool – I plan on utilizing this information with others in our office.”– Vice President, Insurance Broker, September 2014