How can electrical wholesale distributors drive profitable growth? | Enable
Summary
In a challenging environment, smart electrical wholesale distributors are finding new ways to drive profitable growth—not least, taking closer control of key trading agreements. Strong relationships lead to well-designed, lucrative trading agreements, and an extra, and vital, revenue stream for the electrical wholesale distributor. These trading agreements come in various flavors, from volume- and value- based rebate deals, to market development funds and special pricing allowances. Whatever form they take, the revenue from supplier trading agreements can have a profound effect on a electrical wholesale distributors’ bottom line, while helping to fund the exactly the kind of growth strategies mentioned above. In our own experience working with electrical wholesale distributors in every industry, we’ve found that businesses are failing to claim an average of 4% of the rebate revenue they’re due.