Multi-faceted Loyalty Solution Development for Manufacturing Industries

Loyalty Solution for Manufacturing Industries

Manufacturing today, more than ever, need a strategic loyalty program in place to stay competitive and innovate. The multi-faceted nature of manufacturing, calls for a different loyalty solution. One may simply think of the buyer as the target and tailor a program to gain loyalty but there is more to it.

The Facets

  • -Manufacturing industries usually sell through a network of distributors and dealers. Today, manufacturers may also adopt the B2C channel and have “factory outlets” to reach out to the end user. Keeping end user loyal leads to repeat sales and recommendations.
  • -Distributors and dealers are equally important. They need motivation and support to keep products moving.
  • -Vendors may not be considered as part of the equation but are important. Vendors with feelings of loyalty will supply quality materials in time and at the right products and on favorable terms if roped into the program. Loyalty solution development that also factors in vendors will help the industry to gain.
  • -Employees, especially shopfloor workers and supervisors make up the other facet.

What this means is that if you wish to see ROI in loyalty program spends you go in for loyalty program for manufacturing industries that addresses all these factors.  Run of the mill loyalty programs are not likely to work. You need something more comprehensive, possibly loyalty experts to manage the entire program. Anyway, multi-faceted loyalty solution development is recommended. It covers all bases, so to speak.

Goals

Loyalty solution developers will need to know goals. Manufacturers may stipulate goals or collaborate with inputs from loyalty team to define goals:

  • -Incentivize end users (actual buyers) through direct and through distributor network, encourage feedback, obtain suggestions on products and services.
  • -Manage the all important link of distributors and dealers to keep them “energized” and loyal through a variety of short and long term programs.
  • -Incentivize workers, make them feel proud and motivate them to do better.
  • -Achieve all round increases in sales; possibly use inputs from end users to improve product quality and/or features.

Implementation

Once the above facets are crystallised and goals clarified, it is up to the loyalty solution development experts to come up with a plan and implement it. This can take various shapes:

  • -Upgrade or modify existing IT technologies so that manufacturing management receives up to the minute data with analytical reports.
  • -Implement or assist with implementation of programs along each channel – vendor, end user, distributor and employee – with custom sub-programs for each and derive intelligence.
  • -Design a rewards program, assess its cost impact and compare it against expected improvements.
  • -Ongoing implementation, modification as you go along based on feedbacks and close monitoring.

A program for loyalty never concludes but once you pass a certain stage you can have measurable results, solid increases in all aspects and a motivation to keep the program going. Engage the right loyalty solution developer and half your worries are over.

Posted in: Loyalty Business

Related Posts

Here's How to Select The Right Customer Loyalty Solution Here’s How to Select The Right Customer Loyalty Solution
14/11/2019 0

Having a large base of loyal customers is one of the prime requirements for a business in ...

Best Practices For Launching A Loyalty Program Best Practices For Launching A Loyalty Program
21/10/2019 0

Loyalty programs are offered by different retail stores, restaurant and hotel chains. These are ...

The Future Of B2B Customer Loyalty The Future Of B2B Customer Loyalty
16/10/2019 0

When we take and have a look at the budget of the majority of the companies that are competing ...

Loyalty and Referrals: The things that work Loyalty And Referrals: The Things That Work
04/10/2019 0

Loyalty programs and referral programs are closely connected, that’s why people usually ...

The Evolution Of Loyalty Programs The Evolution Of Loyalty Programs With Changing Times
24/09/2019 0

A loyalty program is a structured and long-term marketing strategy that entices customers to ...

Comments

No comments yet.

Leave a Reply

Your email address will not be published. Required fields are marked *