Wholesale Account Manager Job Description
The Salary of Wholesale Managers, Account Managers: A Tool for Managing Customer Need, The Key Account Manager: A Sales Specialist with Knowledge of the Business and more about wholesale account manager job. Get more data about wholesale account manager job for your career planning.
The Salary of Wholesale Managers
Managers use sales data to serve accounts. They find ways to convert new account opportunities. They also look at staff training, hiring and firing employees.
Producing reports and presenting them to department heads is an important part of a wholesale manager's job. They can produce forecasts and work towards agreed KPIs through analyzing sales and data. Employers increasingly want an associate's degree in retail management, business administration, merchandising, marketing, or similar, even though the minimum requirement to become a wholesale manager is a high school diploma.
Students should be able to show evidence of their work. Minimum experience is required in an appropriate role, such as management. The median annual salary for wholesale managers is over $50,000.
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Account Managers: A Tool for Managing Customer Need
Account managers work with internal departments to ensure that client needs are understood and satisfied. They can help with making sales, handling client complaints, collecting and analyzing data, and improving the customer experience.
The Key Account Manager: A Sales Specialist with Knowledge of the Business
The Key Account Manager participates in regular sales reviews with the senior key account management. The Key Account Manager keeps data and information relevant to key accounts for the purpose of conducting analyses that influence account-specific decision making. The Key Account Manager is responsible for generating business in assigned accounts and for the achievement of new accounts for the business.
The Key Account Manager helps in the identification and evaluation of business opportunities by keeping an eye out for business best practices, trends, and principals that will enable the key account department to keep consumers satisfied and loyal to the business. The Key Account Manager plays a major role in the strategy by implementing sales strategies that lead to high consumer satisfaction and building awareness with the key clients. The Key Account Manager is involved in the strategic account planning process in which the financial targets, performance objectives, account management standards, and critical milestones are decided upon.
The Key Account Manager is collaborative with the customer support and resource management departments in an effort to meet account performance objectives as well as the key accounts' expectations through complimentary cross-functional efforts. The Key Account Manager works with senior account management to create and determine departmental strategies, financial requirements, and account management standards. The Key Account Manager is responsible for other duties that are necessary for the proper management of key accounts and duties assigned to him by the Senior Key Account Manager, Head of Key Account Management, Director of Sales, Chief Sales Officer or the employer.
The Key Account Manager needs a bachelor's degree in Sales, Business Management, Communications, Marketing, Customer Relationship Management, Business Administration or any other related field. An equivalent of the same in working experience is also acceptable. The ideal candidate should have at least 5 years of Key Account Management experience and be able to learn quickly and understand account planning in the key account management department.
The candidate will have problem solving skills. A suitable candidate will have demonstrated a great deal of sales experience, having met and even exceeded business targets, and will also have demonstrated an ability to drive sales. The Key Account Manager needs to demonstrate high skills in Ms Word, PowerPoint, and Ms excel in order to create visually and concisely engaging reports and presentations for senior account management and collaborating personnel as well as commercial materials for the key account clients.
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Retail Account Managers
Retail account managers are responsible for managing the relationship between a company that makes and supplies products and the retailers that stock them. Their goal is to maximize the profitability of each retail account by selling into the account and helping retailers to increase sales of the products to their customers. A retail account manager can handle a small number of major retailers or a larger number of smaller retailers.
The most important retail customers are the key accounts. The loss of a key account could be damaging to the company and retail account managers must make sure that they retain that business. Managers working with smaller retailers are usually responsible for a geographical territory.
They want to increase sales and profitability across all their accounts. Retail account managers want to build strong relationships with retailers. They may deal with buyers who are responsible for product categories, such as fresh foods, men's clothes or sporting goods.
The store manager or owner may be the contact for smaller retailers. Account managers meet buyers to discuss new products, promotional campaigns or joint marketing programs. They discuss the retailers requirements with them.
Account managers are part of a larger team. Retail account managers work closely with other departments such as sales, customer service, and accounting to ensure that retailers receive a high standard of service. Managers keep up-to-date records of their orders, deliveries and returns so that they can deal with any issues that retailers may have.
An account management career is often suited for excellent communicators with a commitment to client satisfaction. An account manager who is attentive to the needs of their customers can be the difference between a happy customer and one who leaves the company. Account managers work with the appropriate people within their company to resolve problems if they occur.
Customers know who to contact for reliable answers when they need them. Account managers who are effective may go on to an account director position. Some become a director of account services, a high-level role that oversees the entire account management department.
Account managers work from home, on-site or in an office. They can travel to meet with clients and work from home. Account managers sometimes need to be available on evenings or weekends.
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Account Managers in a Software Company
An Account Manager is the liaison between a company and its customers, ensuring outstanding customer service and client satisfaction. They have duties that include developing account plans, managing client relationships and delivering proposals. Most Account Managers work full-time in an office and carry out their duties.
They are sometimes required to travel to meet with their clients. They have to conduct research to find new clients. Account Managers are usually required to have at least three years of experience in management, customer service, business development and sales.
They need to have experience working in the industry of technology or finance that they want to work in. Account Managers are usually required to have a degree in a relevant field. They may need to complete training in the department or industry in which they operate, as well as the computer applications they use.
Some employers prefer candidates with a master's degree. The Certified Strategic Account Manager certification is offered by the Strategic Account Management Association and is recognised by some employers. The average salary of an Account Manager is over 30 grand per year.
Contract Negotiation in a Large Organization
You will be working on business growth strategies to maximize sales. You will be analyzing and negotiating contract terms with vendors. You should be able to manage the company's inventory and storage efficiently.
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