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National Distribution Company Case Study |
Situation
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A national distribution company has national agreements with a significant number of large companies
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Most of these large national companies have multiple locations – some with substantial geographic dispersion
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There was unclear accountability for communicating the national agreement across these widely dispersed locations; with varying support from national account managers, local sales reps, and internal champions at the accounts
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Qualitative research indicated that purchasing and awareness were low across many locations within these accounts
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These non-buying national account locations represented a significant unrealized revenue and customer loyalty opportunity
Objectives
Approach
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Select national account managers and accounts to participate in a pilot program
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Set up control group to secure an objective pilot performance measurement
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Develop process, tools and feedback mechanisms to help drive growth
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Build a national account location database
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Use inside sales to increase national agreement awareness and to identify and qualify sales opportunities for product/service offerings
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Identify, target and convert additional non-buying locations within key accounts
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Develop action plans to help identify and save at-risk accounts
Results
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Generated 1,400 new qualified opportunities within 35 participating national accounts
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Grew revenue of pilot accounts by 30% in 4 months while also helping to lower operational costs
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Increased account penetration (percentage of buying locations) from 30% to more than 80%
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The initial 6 accounts resulted in $5 million of additional incremental revenue
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One of the accounts had an incremental revenue potential of $11 million
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Improved customer loyalty metrics
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