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The Important Role of Pricing Departments in the Price, Cost, Revenue Equation

Holden Advisors

Assist in communicating value. Works side-by-side with sales to sell value and overcome procurement. Think: Revenue – Costs = Profit. Set the right price and you gain revenue. But, to set the price correctly on a regular basis, the pricing division must: Understand value. Defend the value when interacting with customers and prospects.

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8 Key Tips for Improving Your Small Business Procurement Process

Customer Think

What exactly is a procurement process? A procurement process is something a company does to acquire new stock. It can consist of several steps, such as: Defining criteria for potential vendors Researching and identifying customer needs Effectively communicating […].

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What To Do If Your Company Is Asked To Participate In A Reverse Auction

Holden Advisors

Upon hearing our decision, their procurement team communicated our decision to the buying decision maker, which was perfect. In front of the procurement team and the buying decision maker, we explained the extra value we offered point by point. Luckily, procurement did not have that power. We didn’t think they did.

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FROM EXECUTIVE SPONSORSHIP TO EXECUTIVE ENGAGEMENT

Strategic Account Management Association

It is about having the ability to see a future that others do not see; creating and communicating a clear vision, mission and, most importantly, purpose; and having an optimistic, yet pragmatic, outlook that is solution oriented. Empathy can be used to listen as well as communicate. Agile leadership. Caring must be embedded in both.

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Consultative Selling Tips: How to Sell to Procurement Managers

Brooks Group

Procurement managers have a reputation for focusing only on price. This post describes how you can use a consultative selling approach to understand the unique buying agenda of procurement managers and sell more effectively. Understanding Procurement Manager Challenges Procurement managers are in a unique position.

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Winning Over Buying Groups: How to Sell to Multiple B2B Decision Makers

Brooks Group

Sellers need sophisticated communication and consultative skills to understand varying stakeholder needs. Heres a breakdown of a typical B2B buying committee and communication strategies. Procurement/Purchasing Managers These key players focus on cost efficiency, vendor reliability, and contract terms.

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9 Unexpected Reasons Why Key Account Management is Important

Account Manager Tips

Account growth, renewals and advocacy are difficult for indirect suppliers because procurement focus on spend management. Organisation hierarchies, roles and responsibilities and communication are essential considerations. Importance of key account management Existing business is cheaper and more profitable than new business.