We’ve all heard of Customer Relationship Management (CRM), and most sales organizations are using CRM software of one kind or another. One intent of CRM is to make sure no clients or prospects “fall through the cracks.” It’s a neat piece of software that helps the sales team make sure they are calling on prospects with sufficient frequency, suggesting upsell opportunities, and learning the buying cycle of existing clients. Sometimes the CRM system can even automate the process of corresponding with the customer.
And now, many of those customers are automating their vendor relationships.
Have you experienced “Vendor Relationship Management?” If you’ve been stung by any of the following practices, you’ve run into VRM:
- The human gatekeeper who is paid, in part, to protect their executive from most “typical salespeople.”
- The habit of sorting quickly through traditional mail or email, swiftly discarding anything that is from an unfamiliar sender.