An aspect of Customer Relationship Management that is extremely important is the external functions. This might include vendors, distributors, and suppliers. These relationships and processes support the customers experience in many ways.
When a company has a good relationship with a desired supplier then they are able to offer the customer certain items. If a business does not have a good relationship with a supplier then the customer can suffer if that is the only supplier that offers a particular item. This will force a customer to go to another business who can give them what they want.
The relationship with vendors and suppliers also contributes to the prices a company might offer for a certain item.
If a company can only purchase certain merchandise from a supplier at a 5% discount then they may not even shelf the item.
This is because they dont stand to make much of a profit once the item sells and it is a bigger loss to them if the item doesnt sell and they have to mark it down as a clearance item.
If there is a good relationship with the distributor and the company gets a 40% discount on everything they purchase from them then they...
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