Profitable relationships with key customers: how suppliers manage pricing and customer risk
Date published
2006-06-01T00:00:00Z
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Volume Title
Publisher
Taylor & Francis
Department
Type
Article
ISSN
0965-254X
Format
Citation
Lynette Ryals, Profitable relationships with key customers: how suppliers manage pricing and customer risk. Journal of Strategic Marketing, Volume 14, Issue 2, June 2006, pages 101-113
Abstract
Increasingly, the measurement and management of customer profitability and customer lifetime value are recognized as important elements in marketing's contribution to shareholder value. In recent years numerous papers have been written about the value of customers, mostly case study based and confined to analysis of single companies or industries. This article reports on research that takes a wider perspective and examines how best-practice companies across a range of different industries try to manage their relationships with key customers profitably. The contribution of this research is to show how best- practice companies manage pricing, costs to serve, and customer risk in their key account portfolios.
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Github
Keywords
Customer lifetime value, customer portfolio, key account management, pricing, customer risk