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Sample Projects - Key Account Negotiations

Introduction of highly effective prospecting pipeline

Year

Title: 

Company:

2019 - 2020

CEO and Founder

The Tailor Network GmbH / Hungary / Early Stage StartUp

Business Case:

  • B2B2C sales approach with in-house tailoring events with high-end companies in suit wearing industries (e.g. consulting, banking)

  • Introduction of an unknown start-up to senior executives of multi-national companies 

Main Project Steps:

  • Created effective evangelist acquisition pipeline

  • Defined sets of personas for different decision stakeholder

  • Created customised materials for each stakeholder

  • Interviewed evangelists to identify stakeholder (and their personas) in order to provide evangelists with targeted marketing materials

Success:

  • Acquisition of events at BlackRock (HU), Morgan Stanley (HU), Falcon Private Bank (CH), amongst others

  • Event pipeline included EY (CH), UBS (CH), KPMG (HU), amongst others, when COVID-19 ended all in-house events

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Change of negotiation power with largest global key account

Year:

Title:

2014

Head of Global Key Accounts and Sales Excellence

Company:

Franke Kitchen Division / Switzerland / Sales 1bn EUR

Business Case:

  • Large, international key account with 38bn EUR sales globally,  responsible for 4% of global Franke sales and

  • Central purchasing discount significantly impacting margin without any perceived benefit

  • Unfavourable negotiation power being only a 'small' supplier for this large international group

Main Project Steps:

  • Turned focus on local entity level to identify customer entities with high dependence on Franke portfolio

  • Conducted inside market share and portfolio positioning analysis across all customer entities

  • Conducted customer stakeholder analysis (importance of local entities in decision making process)

  • Ensured good relationships with specific local customer MDs

  • Canceled central purchasing contract and put pressure on local customer entities with high importance of Franke portfolio

Success:

  • Was able to successfully counter 'take it or leave it' negotiation strategy by central purchasing team with a walk-out, due to deep customer understanding

  • Established new central purchasing contract with lower central discount and improved PoS support

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Closure of failing negotiations due to better customer insights

Year:

Title:

2014

Head of Global Key Accounts and Sales Excellence

Company:

Franke Kitchen Division / Switzerland / Sales 1bn EUR

Business Case:

  • Large, international furniture chain known for high price sensitivity and ​frugal management practices

  • Stalled negotiations despite competitive offer and constant demand for calculation details

Main Project Steps:

  • Changed setting from luxury treatment and large group negotiations to small work group meetings and canteen visits

  • Identified hidden decision maker (negotiation strategy) and established direct negotiations

  • Identified core purchase decision points (besides price) and focused on addressing those

Success:

  • Closed deal within short time and without further pressure on margin

  • Protected higher margin kitchen studio portfolio from cannibalisation through large key account

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Definition and implementation of a professional central KAM

Year:

Title:

2014

Head of Global Key Accounts and Sales Excellence

 Company:

Franke Kitchen Division / Switzerland / Sales 1bn EUR

Business Case:

  • Number of large, global key accounts managed mainly on local entity level with randomly assigned key account manager

Main Project Steps:

  • Established clear field of play rules

  • Introduced central information gathering (CRM) and stakeholder analysis

  • Introduced comparative portfolio analysis to identify local and global under-performer

  • Established regular contact with central key account partner

Success:

  • Used central key account partner to drive localised initiatives for local under-performer

  • Improved margins for one local account by 3% due to data analysis and intervention from global key account partner

  • Successfully closed long ongoing negotiations with single largest customer due to better understanding of customer culture and purchasing process

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Founder | Actionable Insights and Impact Consulting

Michael Bist

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Michael Bist | Consultant | Actionable Insights | B2B Sales Expert

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