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9 Unexpected Reasons Why Key Account Management is Important

Account Manager Tips

Why is key account management important? Well, i f you don't have key account management in place, you could leave money on the table, be helpless to competitor threats and put your most valuable clients at risk of defection. Key account management is the secret to grow revenue and customer retention. Why should you care?

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The Kraljic Matrix

Flevy

Most executives associated with procurement lack the competencies and perspectives required to identify gaps and effectively manage the function. What’s needed in this era is an inclusive, long-term purchasing and supply management strategy. Collaborate with suppliers, or rivals, to manufacture critical components cost-effectively.

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Wholesale as a Success Factor: Modern Customer Relationship Management

QYMATIX

This article focuses on the key factors that have become essential to success in wholesale distribution, such as well-managed customer relationship management, its importance and what it entails. Customer Relationship Management – What is it? Such software supports profitable growth.

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Inventory Management 101 – Helpful Techniques

Apptivo

An organized inventory management model can pave way for the increased lifetime value of your customers by ensuring timely delivery of products without any disruptions. Apptivo has a definite supply chain system that helps companies with their inventory management. Inventory management is not a simplified task.

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How to Identify Key Accounts: A Quick Guide to Getting it Right

Account Manager Tips

Which is why key account management is so important. So be ruthless when selecting key accounts if you want a return on investment (or hire more account managers.) Is your solution a good fit and does it meet your clients’ needs compared to other suppliers? So let's find them. Revenue potential. How much do your clients spend?

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A Comprehensive Guide to Relationship Management

DemandFarm

Effective relationship management transcends mere customer satisfaction—it’s a strategic endeavour that involves nurturing deep connections that foster loyalty, satisfaction, and mutual growth. The global Customer Relationship Management market is projected to grow from $71.06 What Is Relationship Management with an Example?

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How to Define, Calculate, and Manage Sales Backlog

Hubspot Sales

More sales can mean more revenue and a bigger profit for your business. No matter how good your inventory management processes are, it’s impossible to fill all demands instantly. If you're already entering a backlog, we'll also show you how to manage it. Managing a Sales Backlog. Sales backlog is unavoidable.