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Facts and statistics about B2B wholesale, distribution and manufacturing in Europe & Germany. Most of the general public probably ignores the role of distribution on the European landscape, although it plays an essential role as the interface between importers, manufacturers, retailers and service providers.
Once you have listed the most pressing sales issues and have determined their corresponding KPIs, the data available and the data analysis methodology should follow. In Business-to-Business, the most valuable data of Big Data is always at hand: sales transactions from an ERP System and sales activities from a CRM Software.
As a manufacturer facing a hyper-competitive market and the ever-changing demands of your customer base, we’re certain you don’t want to wait for prospects or established customers to tell you directly what they want and need. For manufacturing companies, this data centralization enables the following: 1. You can’t afford to!
Every successful managing director or sales manager of a component manufacturer or specialized wholesaler should know how valuable their customers are. AI-based predictive salessoftware can support you with all of these measures and make corresponding data-based recommendations to your sales teams.
Salesforce’s annual billing ensures that they keep your money even when their software isn’t a good fit. Director of Sales, Software Consulting Services, LLC. “ And by the way, we’d put our salesanalytics and reporting features against Salesforce’s any day of the week. .” — Matthew W. Shane K. ,
Maximise Customer Lifetime Value with automated Cross-Selling, Churn and Pricing recommendations using Qymatix Predictive SalesSoftware. Qymatix Solutions GmbH has been helping manufacturers and wholesalers to increase customer lifetime value using artificial intelligence and predictive salesanalytics since 2013.
Predictive SalesAnalytics helps increase customer lifetime value in B2B distribution. Manufacturers looking for more efficiency and customers demanding omnichannel experiences at the lowest price push companies to their limits. Industrial distributors are usually tied with contract customers and manufacturers.
How can B2B manufacturing and distribution increase return on sales (ROS) using strategic sales controlling and predictive sales? Is there a sales and marketing KPI that manufacturing and industrial distribution companies can use to measure the efficiency of their teams? How do you calculate return on sales?
They then sell these bulk goods to be used as raw materials in other manufacturing processes or for other purposes. Sales wholesale A master category which includes, cash&carry, shelf and delivery wholesale -among others- sales wholesale is another way to describe any wholesale business.
It is usually implemented using B2B pricing analyticssoftware. Due to the surge of e-commerce, it is becoming more accepted in manufacturing and industrial distribution as well. How exactly can a pricing analyticssoftware help you? Successful Dynamic Pricing is the Result of People, Process and Software Tools.
Manufacturers are increasingly recognising and embracing the appeal of digital channels to end customers. Digital trading platforms, intermediaries and specialist retailers who buy directly from the manufacturer are intensifying competition. They can identify and meet their needs at an early stage – without another intermediary.
If you are leading a Business-to-Business manufacturer or distributor, you know it already: sales is currently experiencing a massive transformation across the globe. Advancement in artificial intelligence technologies of the last five years is providing manufacturing businesses and distributors with new exciting potential.
In comparison, in the last reported period, manufacturing and merchant B2B e-commerce wholesale revenue in the U.S. Besides, vendors and manufacturers are eroding traditional distribution when opening their direct digital channels. To put this in context, global industrial manufacturers earn ten times as much. trillion yuan.
Predictive analytics technologies are becoming increasingly popular and are already being used today, especially by wholesalers and manufacturers in business-to-business (B2B) sales. Perhaps you have already made some elaborate attempts to implement predictive salesanalytics with Excel or other spreadsheet programmes.
Davis observed that American manufacturing growth over the past four months was the strongest in three years, and this mirrored Rockwell Automation’s sales performance. Time to set a bold growth sales target! And so, Rockwell did set a bold sales target. How do you get started with predictive analytics? .:
The goal of the partnership is to accelerate the adoption of new AI technologies with the Qymatix Predictive SalesSoftware. With Qymatix Solutions GmbH and ORBIS, companies in distribution and manufacturing get a faster and safer implementation of artificial intelligence and sustainable growth in their ERP landscape.
One Useful Example of Predictive SalesAnalytics Using Excel. Indeed, B2B companies define cross-selling in general and cross-selling analytics in particular, in many ways and with many names. One common naming used in retail or distribution is “market-basket-analytics”. Data mining techniques to improve sales?
Wholesale distribution plays a critical role in the modern economy, linking manufacturers and retailers. It is important to note that a system like CRM is not just a software solution but a holistic strategy encompassing all aspects of customer interaction. Such software supports profitable growth.
One of the companies at the forefront of AI adoption is SAP, a global software corporation that provides enterprise software (ERP) to manage business operations and customer relations. One advantage of external providers is that they often have specialised expertise and experience in a particular area of AI, such as B2B Sales.
Last but not least, a sales leader in B2B can opt to enlarge their existing CRM and ERP with external intelligence. Use Case: How cross- and up-selling based on Qymatix Algorithms is helping a medical components manufacturer to sell more. This data-based advantage can go well over the scope of predictive salesanalytics.
Especially in the current situation, both wholesalers and manufacturers are struggling with rising raw material prices. Dynamic pricing through AI-based predictive analytics, acts on a pricing strategy where companies can additionally adjust their prices for products and services based on the current customer and market situation.
To do this, they might use predictive analyticssoftware or manual analytical methods. For predictive analytics vs prescriptive analytics, they both look at and analyse trends. Prescriptive software goes one step further to recommend or sometimes even take a course of action on the back of the results.
New forms of industrial distribution are emerging, and big manufacturers offering e-commerce are choking the middle-guy. Complex multichannel sales, e-commerce platforms, the dangerous advent of Amazon business, and savvy customers deciding based on price only, are making a digital transformation imperative for German B2B distributors.
B2B wholesalers in many sectors, such as electrical wholesalers, industrial supplies and component retailers, now benefit from modern predictive salessoftware. Utilising ERP data with AI makes Predictive Sales a unique crystal ball for B2B wholesalers or component manufacturers. And it’s relatively simple.
Accurately forecasting sales is critical for your job. You are an experienced sales manager and have a strong affinity to salesanalytics. Only with precise sales forecasts can you negotiate healthier sales goals with your team and management. CALCULATE NOW THE ROI OF QYMATIX PREDICTIVE SALESSOFTWARE.
That is the case, for example, with predictive (sales) analytics applications. This capability has numerous applications in art, medicine, manufacturing, marketing, etc. For example, if you work in B2B wholesale or manufacturing, you have a lot of sales data that you should be using!
Manufacturers’ and suppliers’ prices are rising. The higher energy costs and costs for raw materials , which manufacturers and suppliers charge them in the form of rising purchase prices, are passed on to their customers. CALCULATE NOW THE ROI OF QYMATIX PREDICTIVE SALESSOFTWARE.
New forms of industrial distribution are emerging, and big manufacturers offering e-commerce are choking the middle-guy. Complex multichannel sales, e-commerce platforms, the dangerous advent of Amazon business, and savvy customers deciding based on price only, are making a digital transformation imperative for German B2B distributors.
You are a component manufacturer, an industrial distributor, or a services company. HOW WORKS AI SOFTWARE FOR PRICING AND CHURN FOR ME? For example, in the field of Software-as-a-Service, there is a correlation between changes in pricing and sales growth. CALCULATE NOW THE ROI OF QYMATIX PREDICTIVE SALESSOFTWARE.
Wholesale distribution plays a critical role in the modern economy, linking manufacturers and retailers. It is important to note that a system like CRM is not just a software solution but a holistic strategy encompassing all aspects of customer interaction. Such software supports profitable growth.
The general public is, as consumers, familiar with business relying on subscriptions models, such as Netflix, Spotify, online news, and most SaaS (Software-as-a-Service). For example, if a company is a classic B2B distributor or components manufacturer, executives can determine hard attrition as a complete vendor switch.
We’ll help you uncover our top tips for successful AI in sales with this 7-minute read. What is Artificial Intelligence (AI) in Sales? It uses software to process huge amounts of data (more than a human ever could) and turn it into actionable insights. Don’t get excited about what software CAN do versus what you NEED it to do.
Better shopping experiences With cameras that can look at your eye line and software that monitors weather patterns, retailers can make better shopping experiences for you. Predictive analytics in B2B sales is transforming wholesale & manufacturing companies, reducing overheads and optimising catalogues.
The technology “Predictive Analytics”, can do this very well and very fast. The field of sales forecasting is also referred to as “predictive salesanalytics” In short, predictive analytics uses various methods, such as machine learning algorithms, to calculate probabilities for the future from historical data.
of B2B wholesale companies already use artificial intelligence, putting them in second to last place behind trade, retail, services and manufacturing. CALCULATE NOW THE ROI OF QYMATIX PREDICTIVE SALESSOFTWARE Assessments of the Future The artificial intelligence market continues to evolve rapidly. However, 35.2%
They want to remain competitive in a market that is increasingly dominated by manufacturers’ direct sales and digital platforms. The solution could lie in intelligently adapting pricing based on customer behaviour and historical ERP sales data.
As developers and distributors of AI-based predictive analyticssoftware for B2B sales, we spend the whole day dealing with topics related to machine learning, artificial intelligence and its acceptance in the B2B sector. Nor does an aircraft manufacturer produce birds. Test your knowledge here. ” Attention!
That is the case, for example, with predictive (sales) analytics applications. This capability has numerous applications in art, medicine, manufacturing, marketing, etc. For example, if you work in B2B wholesale or manufacturing, you have a lot of sales data that you should be using!
Predictive Sales using AI can anticipate customer churn and recommend products and prices successfully. The ability to implement predictive analytics in B2B sales represents a massive competitive advantage for wholesalers and manufacturers. Complex sales in B2B wholesaling and manufacturing require expensive consultants.
Sales costs are increasing, markets become more transparent thanks to e-commerce, and customers are changing the way they buy. Sales intelligence is no longer just one additional software you can use in B2B. It is the software any sales leader must use. Intelligence in sales is critical for any business.
If you work in a wholesale business or with an industrial manufacturer, you know that your customers already have certain regularities and preferences in their purchases. That is also how the word “predictive analytics” (or specifically related to sales: “predictive salesanalytics”) has become established.
Fact is: companies in the US implementing AI in sales are significantly more successful than their competitors. However, although AI and predictive sales are essential for manufacturers and industrial distributors in Germany, they are not yet urgent. CALCULATE NOW THE ROI OF QYMATIX PREDICTIVE SALESSOFTWARE.
B2B pricing strategies are experiencing a radical transformation in manufacturing and wholesales. One of the surprising by-effects of the 2020-2021 pandemic is that employing dynamic pricing software has become unavoidable for manufacturing and industrial distribution companies. Sounds like a challenging job?
While sometimes time-consuming, this salesanalytics tool is one of the best ways to pinpoint improvement opportunities in your company. Primary activities focus on the manufacturing of goods and services, while secondary activities back up primary activities. Use sales reporting software to help manage your VCA.
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