The distribution industry is navigating an increasingly complex environment, characterized by heightened competition, supply chain and inflation challenges, evolving customer demands, and an abundance of data with lackluster systems to manage this data. To combat this, distributor’s are turning to technology to accelerate speed to market, improve efficiency, and drive overall profit and revenue growth.
Download this guide to discover strategies for:
- Adopting Real-time Dynamic Pricing: Use machine learning to automate your pricing strategy, efficiently handle a wide range of SKUs, respond to market fluctuations in real-time, and ensure your pricing strategies consistently drive profit maximization.
- Boosting Selling Efficiency: Achieve a competitive advantage by providing quotes faster, accelerate the closing of deals with automated workflows, and shorten the sales cycle, all while equipping your team with the most effective pricing strategies.
- Avoiding Margin Erosion: Vigilantly monitor material costs, reduce unnecessary discounts, and explore new revenue opportunities. Keep your pricing competitive to enhance your bid-winning potential.
- Acquiring Deep Customer Insights: Analyze trends, identify cross-selling and upselling opportunities, and detect early signs of customer departure to decrease churn.
- Delivering Personalized Experiences: Offer your B2B clients a consumer-grade shopping experience with transparent pricing, thus improving their satisfaction and increasing their long-term value to your business.