DemandFarm

OCTOBER 23, 2024

A multinational software company might spend nearly a year negotiating a $5 million deal with a Fortune 500 company. This process involves multiple product demonstrations, engaging with IT, procurement, and finance stakeholders, and significant customization to meet the client’s needs. What is Enterprise Sales?

Key Account Management 40

Key Account Management Account Management Management Procurement 40

Flevy

JULY 15, 2021

This strategy enables: Procuring the much-needed cash. To cash in on these benefits, leading organizations endeavor to manage their Strategic Alliances worldwide—assigning executives to oversee multiple alliances. However, the competencies required for Strategic Alliance Management aren’t well-known and are a bit convoluted.

Management 111

Management Negotiation Procurement Banking 111

5600 Blue

MARCH 8, 2018

Over ten years ago, after having spent more than 20 years a salesperson, VP sales and sales consultant, we secured our first contract to provide negotiation training for the procurement arm of a major US airline. By Procurement Magazine Let the panic set in….clearly I felt like the proverbial fox in the hen house!

Procurement 52

Procurement Decision-making Negotiation Supply Chain 52

Red Star Kim

SEPTEMBER 8, 2023

As well as marketing and business development executives and managers there were also those in specialist pricing and bid roles. Project management, innovation and technology also play an increasing role. Advanced Marketing Management: Principles, skills and tools (kimtasso.com) considers empathic pricing.

Procurement 113

Procurement Value Proposition Finance Artificial Intelligence 113

Hubspot Sales

DECEMBER 6, 2017

Every holiday season, you'll find managers screaming at their reps to close more deals. This forces negotiations to take place before stakeholders in Procurement and Legal are out of the office -- something your well-meaning prospect might not have considered. 3 Ways to Close Deals Around the Holidays.

Procurement 145

Procurement Onboarding Stakeholders Finance 145

Hubspot Sales

MARCH 1, 2022

You’ll also want to make them aware of the customer success manager (CSM) handoff , which is when the deal is closed and the prospect begins working with a CSM that will onboard them and help them succeed with your product or service. Negotiate price. Despite this, it’s possible that your prospect may raise a point for negotiation.

Value Proposition 124

Value Proposition Negotiation Procurement Onboarding 124

Sales Readiness Group

SEPTEMBER 29, 2022

You’ve worked hard to get the deal to this point and then other decision-makers appear, procurement gets involved and your deal is stalled out while your terms are scrutinized, and the pricing gets squeezed. If you dread the final negotiation, you’re not alone.

Negotiation 62

Negotiation Procurement Sales Management 62

Hubspot Sales

APRIL 17, 2018

At the end of the third meeting, you could ask them to connect you with procurement so you can start learning about their purchasing requirements. Some companies require a legal review or formal procurement process to get a deal done. Negotiating with the wrong people is a waste of time. Not asking for what you want.

Procurement 145

Procurement Decision-making Negotiation Sales 145

Flevy

OCTOBER 23, 2023

The procurement function in most organizations deserves more attention than it gets. 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.

Supply Chain 102

Supply Chain Procurement Suppliers Digital Transformation 102

Mike Kunkle

FEBRUARY 5, 2023

Total Quality Management (TQM), Business Process Management (BPM), Six Sigma, and Lead Sigma are powerful methods for this sort of work. Sellers sometimes work with professional procurement leaders and company executives who work together frequently and have processes and policies to guide their purchase pursuits.

B2B 231

B2B Sales Decision-making Negotiation 231

Account Manager Tips

JUNE 29, 2021

Your job as a key account manager is to deliver the kind of value that convinces your clients to stay in the loop. You'll need to understand the decision-making process, the competitive landscape, develop solutions, pricing, negotiation tactics and lots more. Include your management team in recovery plans.

Suppliers 246

Suppliers Shareholders Stakeholders Decision-making 246

Hubspot Sales

OCTOBER 25, 2019

Let's talk about supplier management. Yes, the process of procuring goods can be more complicated than the description above. With a blanket purchase order, a buyer places multiple orders at one time to negotiate discounted pricing. They provide it. You pay them for it. End of story. Sound too easy? Blanket purchase orders.

Suppliers 132

Suppliers Procurement Small Business Negotiation 132

Hubspot Sales

NOVEMBER 27, 2017

You’re likely dealing with a buying committee of three to five people -- who will need sign-off from the executives, board, Procurement, and/or Legal before the deal officially closes. You should also ask your champion or main contact for access to Procurement relatively early in the process. If yes, can we please have a copy?”.

Procurement 111

Procurement Decision-making Negotiation Value Proposition 111

Hubspot Sales

MAY 30, 2019

Stage 5 : Negotiate and Close. Knowledgeable customers make their selection and negotiate. Skilled salespeople will have already involved procurement prior to this stage. Make sure you understand what the procurement process is and confirm that the solution you've laid out meets your champion's expectations.

Procurement 109

Procurement Negotiation Sales Leadership Sales 109

Peter Simoons

MARCH 27, 2022

Such a company will probably have siloed departments, where every manager creates their own kingdom. You might see them, from a procurement perspective, trying to get the best deal for the company rather than a great deal for both parties.

Procurement 98

Procurement Suppliers Negotiation Acquisition 98

Flevy

OCTOBER 24, 2024

In a highly competitive market, banks must balance customer expectations with regulatory requirements and risk management, all while ensuring profitability. From customer acquisition to wealth management and fraud prevention, each activity plays a role in creating value and delivering financial services.

Banking 52

Banking Retail Acquisition Value Proposition 52

Hubspot Sales

SEPTEMBER 14, 2023

In the past, sales managers often saw sales coaching as a means of correcting negative behaviors by providing real-time performance feedback. Instead, it left them with the lingering thought that their manager perceived them as a poor performer. To further paint the picture on how these two differ, let's explore how managers use them.

Procurement 116

Procurement Sales Construction Negotiation 116

PandaDoc

OCTOBER 5, 2021

Contract negotiation is essential for modern businesses, but it isn’t always easy. Kennedy stated: “Let us never negotiate out of fear. But let us never fear to negotiate.” Although negotiation can make the suavest salesman scared, you can develop this skill over time. What is a contract negotiation?

Negotiation 52

Negotiation Government Software Software 52

Hubspot Sales

AUGUST 5, 2019

Delivering value, making the ROI case, retaining customers, growing accounts, recruiting top talent, forecasting, implementing a sales process, using sales technologies, winning against the competition, developing sales managers, coaching sales teams, generating leads, onboarding, productivity, compensation. Developing sales managers.

Procurement 109

Procurement Sales Sales Management Negotiation 109

Hubspot Sales

AUGUST 14, 2023

If you find yourself in this situation, don't be quick to chase down your buyer — doing so can weaken your negotiating position, and a pushy “just checking in” email can hurt your margins. You get rattled when managing skeptics. You make unnecessarily drastic and tactless concessions when negotiating. Never pre-negotiate.

Negotiation 128

Negotiation Value Proposition Meetings Procurement 128

Brooks Group

APRIL 9, 2024

Finance, operations, and management, oh my! Their choices directly shape the direction of the procurement process and determine which solutions are selected. Procurement managers : Professionals tasked with managing the procurement process, negotiating contracts, and ensuring compliance with organizational policies.

Value Proposition 111

Value Proposition Procurement Decision-making Stakeholders 111

SBI Growth

OCTOBER 23, 2012

I quickly looked up an iPhone repair shop in the area and spoke to the manager. “My The manager was right. But he managed to pull me back in the buying process, and give me the solution I really wanted. Sales reps routinely get rushed RFPs written by a procurement department with little product knowledge.

Procurement 117

Procurement Decision-making Negotiation Software 117

Apptivo

APRIL 27, 2022

ERP, or Enterprise Resource Planning , is a type of system or software used by organizations to manage processes and automate activities such as accounting, project management, risk management, compliance. Manages the general ledger and automates key financial tasks. The Human resources management module.

Supply Chain 98

Supply Chain Procurement Manufacturing Logistics 98

MTD Sales Training

OCTOBER 5, 2018

It’s easier for a person to say ‘I see the potential supplier first, then we discuss the next stages with a buying and procurement team’ than admit they’re not head honcho in the process. You may not want to discuss any negotiating positions with this person at present. Managing Director. Happy Selling! Sean McPheat.

Suppliers 96

Suppliers Procurement Decision-making Negotiation 96

PandaDoc

MARCH 25, 2025

This stage often involves legal review and procurement discussions. This can include negotiations, compliance checks, and/or deciding on a timeline for implementation with your customer. Managing complex sales processes As you can see, there are more steps and intricacies involved in navigating the complex sales process.

Sales 52

Sales Supply Chain Decision-making Stakeholders 52

Revenue Storm

SEPTEMBER 14, 2021

The initial negotiations were happening with procurement when we first became involved in the deal. The result effectively negotiated an increased commitment from $8M to $11M, with a progressive option to $16M. Being deliberate in the willingness to set aside that time can yield a radically different deal outcome.

Procurement 78

Procurement Negotiation Stakeholders Meetings 78

MTD Sales Training

JUNE 28, 2017

Your buyer may know they need your product or service, but the amount they are able to invest in their future is limited by their purchasing or procurement department. This will have an effect on the way they approach negotiations and how long it may take to make purchasing decisions. Managing Director. Past Mistakes.

Decision-making 72

Decision-making Procurement Negotiation Sales Training 72

QYMATIX

FEBRUARY 13, 2024

How to make data work for your B2B sales team while avoiding common pitfalls in data management We can associate power with strength, force and influence, but also with destruction and violence – the typical two sides of a coin. Companies knowing how to manage their sales data gain an enormous competitive advantage.

B2B 52

B2B Management Artificial Intelligence Sales Analytics 52

QYMATIX

FEBRUARY 13, 2024

How to make data work for your B2B sales team while avoiding common pitfalls in data management We can associate power with strength, force and influence, but also with destruction and violence – the typical two sides of a coin. Companies knowing how to manage their sales data gain an enormous competitive advantage.

B2B 52

B2B Management Artificial Intelligence Sales Analytics 52

QYMATIX

NOVEMBER 23, 2021

How to make data work for your B2B sales team while avoiding common pitfalls in data management. Companies knowing how to manage their sales data gain an enormous competitive advantage. or “For which products/customers do my sales representative have more room for manoeuvre in pricing negotiations?”.

B2B 52

B2B Management Artificial Intelligence Sales Analytics 52

5600 Blue

NOVEMBER 29, 2017

We recently conducted negotiation coaching for over $1b in revenue on over 100 renewal opportunities for a global client of ours. We weren’t training their new reps, but working with some of their most seasoned global account managers to help them be more strategic and successful. Minimizes deal margin.

Negotiation 52

Negotiation Value Proposition Global Accounts Procurement 52

DemandFarm

MARCH 31, 2023

With the growing size of buying groups in the digital age, it is imperative to consider factors that play into the challenges and benefits of digital key account management. Challenges in Shifting to Digital Key Account Management Shifting to Digital Key Account Management also comes with its fair share of challenges.

Key Account Management 52

Key Account Management Account Management Digitalization Management 52

Red Star Kim

FEBRUARY 8, 2024

Our target markets span large and small businesses; private, public sector and not for profit sectors; centralised and decentralised buying processes; procurement and user-led purchasing behaviour. Capacity planning – Research suggests that humans can probably manage a maximum 150 to 250 close relationships.

Value Proposition 130

Value Proposition Key Account Management Digitalization Sales 130

Flevy

JUNE 16, 2024

Effective value chain management enhances operational efficiency, reduces costs, and fosters innovation, thereby creating significant value for customers and stakeholders. Addressing challenges such as supply chain disruptions, cybersecurity threats, and rapid technological changes requires a strategic approach to value chain management.

Supply Chain 52

Supply Chain Logistics Cybersecurity e-Learning 52

Flevy

JUNE 12, 2024

Effective value chain management enhances operational efficiency, reduces costs, and fosters innovation, thereby creating significant value for customers and stakeholders. Addressing challenges such as supply chain disruptions and sustainability concerns necessitates a strategic approach to value chain management.

Supply Chain 52

Supply Chain Food and Beverage Procurement Manufacturing 52

Flevy

JUNE 22, 2024

Organizations that excel in their Omnichannel Retail strategies are not just surviving but thriving, with those effectively managing their value chains outperforming competitors. For example, Product Sourcing and Procurement should be customized to ensure responsiveness to market trends and consumer preferences.

Retail 52

Retail Logistics Supply Chain Procurement 52

Miller Heiman Group

JULY 30, 2019

However, four common buying influences in manufacturing include: Procurement: Also called Purchasing in some organizations, these buying influences are primarily concerned with price. Bid Manager: Complex manufacturing sales are typically conducted through RFPs and bids. The bid manager is concerned with timelines and efficiency.

Manufacturing 61

Manufacturing Supply Chain Procurement Decision-making 61