The Four C’s of Construction Consumerism
One of questions we are most often asked is where and how to find solutions to effectively address construction consumerism. As we discuss solutions, we must also consider the fifth unspoken element of our consumerism and that is loyalty. Hispanic contractors are inherently loyal. We are loyal to family, friends, colleagues, business associates as well as brands. Brand loyalty to us is a two way street…we are loyal to the brand and want the brand to be loyal to us.
When sourcing materials, supplies and equipment essential to our construction projects, we must consider four important “C’s” of construction consumerism…Cost…Convenience…Customer-centricity…Clarity.
The tangible nature of cost is important to maintain project budgets. Convenience supports maximizing time to mitigate unnecessary time delays adding to cost. But what do customer-centricity and clarity mean to our quality of work, budgets and scope delivery.
Customer-centricity is a business strategy based on putting the customer first and at the core of (your) business. Clarity is critical to the professional contractor to ensure effective communication with not only our workforce but with vendors and suppliers as well.
A recent poll of the USHCA’s Austin metro-area members identified the geographic locale of the most active project locations. A further review of where fulfillment of the four C’s of construction customer needs may be available resulted in engaging conversations with a local Lowe’s store manager and assistant store manager.
Lowe’s corporate website states they have a ‘relentless focus on the customer’. After our conversation with local management we understand what that statement means to them and how Lowe’s translates their message to meet and exceed customer needs.
We assessed our Four C’s of construction consumerism and Lowe’s focus not only met but exceeded deliverables in each category. Let’s look at them individually, including the silent but highly important fifth element of loyalty.
Cost:
with a robust selection of national brands Lowe’s also provides a selection of private brands focused on quality and pricing
robust national buying power allows Lowe’s to work with a diversity of suppliers resulting in multiple vendors for the same product to allow the customer readily available product selection and cost considerations
Convenience:
easily accessible products and supplies for a quick stop at the store
5 locations in Austin proper, 5 in the Austin metropolitan area with 1
additional location slated soon
products can be sourced from other stores for transfer to a project
convenient location
delivery options available for fleet purchases, truck loads of open and
boxed product
Customer-centricity:
Knowledgeable staff and cultural representation in employees, management, leadership and Board of Directors
Each store maintains a Pro department dedicated to the professional contractor
Bilingual associates dedicated to each pro contractor desk
Dedicated department staff
Focus on professional contractors of all sizes whether small, medium or national in size and scope
Sales leaders working in the field with Pro department contractors
Assigned National Account managers
Clarity:
ensuring employees are experienced and knowledgeable to provide comprehensive industry understanding and effective communication in their area of responsibility
understanding the big picture of construction includes additional areas of importance to their customer
providing an enhanced suite of services to the Lowe’s customer such as:
Financing:
multiple options and specialized financing programs for the pro contractor
MVP rewards program which tracks purchases for the enrollee and provides numerous benefits including exclusive offers, bonus points, business tools, everyday benefits as well as Lowe’s gift card rewards
no social security, ITIN or EIN requirements
Lowe’s understands our sense of community as well. Their commitment extends to our local communities through their “Hometown Program” where a major nominated project is undertaken by Lowe’s annually. Associates are provided paid wages for 8 hours of volunteer work at a charitable event of their selection. Lowe’s partners with communities experiencing an emergency event to expedite emergency supply needs and works with insurance companies to expedite d