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Key account managers are responsible for the financial success of the business with key customers. But do you know how your decisions impact that profitability? Or how to make a business case for investment with future returns? You need at least to interpret the financial drivers on both sides, appreciate financial health and strategies from…
Since the pandemic supply chain security is front of mind in every customer. But do you know how supply chains work? Can you discuss and understand the risks and opportunities in supply chain developments? Indeed, supply chain issues can derail some of the most exciting initiatives key account managers might propose. So a basic understanding…
How do you know if you are doing the right things? KAM can deliver exceptional levels of growth for organisations, but to achieve it requires focus, investment and ongoing support. To maintain this backing, KAM needs to demonstrate strong progress in areas that link to the organisation’s goals and to paint a rich picture of opportunities. In…
For many companies key accounts are or should be the ‘engine of growth’. Realising their potential is patchy, however, so Richard Ilsley and Alistair Taylor show why that is and how a KAM approach achieves such performance, validated through appropriate measurement.
Professor Joseph Coughlan of Maynooth University used these slides in his masterclass for an AKAM Technical session designed to help key account managers better understand critical financial issues encountered in KAM, build financially-sound business cases, make good decisions, and learn to discuss money issues with customers and finance people. There’s lot to learn!Â
Price can often be the first casualty as companies compete in markets shrinking due to COVID19. However, now more than ever, it is essential to compete on value and not just on price. AKAM is starting a conversation on how B2B companies can retain customers and win new deals in these tough times. The focus…
KAM is a corporate strategy, so obviously involvement of Top Management is essential. But does your organisation really have it? Astonishingly, many key account managers don’t think so. Why not? Does your Top Management think they’re accountable for KAM? What should their involvement look like? What can you do about it? This webinar will address these…
Customer Lifetime Value and Customer Profitability Companies – and Key Account Managers – must consider the long term profitability of their key accounts. Anything less could be considered a dereliction of duty to their shareholders. Ability to deliver differentiated value to the customer determines how successful you will be. Because if the customer does not…
Some people think Accounts and Key Account Management are part of the same thing – it’s unfortunate that the same word is used in these very different senses. Nevertheless, there should be a link between your Accounts Department and KAM, and here Dominykas Cibulskas of SIA ZB explains what that is. We’re all in business, the…
Strategic account plans sit at the core of KAM: they specify the value to be offered to the customer and received by the supplier. They should be what gets done, and yet very little has been written about them. This paper lays out the essential elements of strategic account planning: the purpose of strategic account…
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