Preparing for the Digital Value Exchange Economy in B2B. As the B2B sector undergoes its own digital transformation how do manufacturing SMEs integrate the impact it will have on the value proposition of their existing marketing and sales resources?
posted on 2022-10-27, 16:18authored bySarah Clifft
<p>This
thesis investigates how SMEs in the manufacturing sector integrate the impact
on the client </p>
<p>relationship
of digitally transforming their existing marketing and sales resources. </p>
<p>It
examines how digitised client
interfaces can contribute
to building incremental
value in their
client relationship strategy through the
categorisation and optimisation
of data. The Data Value </p>
<p>Efficiency
model (DVE) is proposed as an outcome of the research undertaken and
contributes </p>
<p>to
literature on value creation in the digital transformation of sales and
marketing. This model </p>
<p>is supported
by a suggested definition of the B2B Data Value Exchange Economy. </p>
<p>Recommendations
are made to guide industrial SMEs in categorising and optimising the flow </p>
<p>of collected
client data in
order to interact
with their client
base in a
timely and resourceful
</p>
<p>manner. By adopting a pragmatic, mixed-methods
approach applying Grounded Theory </p>
<p>methodology,
primary research was undertaken, comprising a longitudinal behavioural analysis
</p>
<p>of client facing
functions within the
selected SME. Additionally, semi-structured interviews </p>
<p>with practitioners, academics
and company stakeholders
were recorded and
subsequently </p>
<p>analysed using nVivo
software. The behavioural analysis
identifies that a partial digital </p>
<p>transformation
of the client relationship management role results in projected efficiency
(time, </p>
<p>financial
and resource) gains of 44%. The qualitative analysis exposes an evolution of
initial </p>
<p>client/supplier
engagement through Robotic Process
Automation (RPA) and
social media </p>
<p>strategies.
The research suggests that the digital transformation of sales and marketing
functions </p>
<p>in manufacturing
SMEs will create
value through enhanced
websites evolving into value exchange
platforms by integrating marketplaces of expertise. The marketplace will match
client requirements to supplier expertise through artificial intelligence. As
a consequence, the marketplace will
formulate the value
proposition of the
sales and marketing
teams in both a
timely and efficient manner. The successful implementation of such a platform
will be based on SMEs ability (internally or through consultative support) to
identify and optimise four types of datasets based on client interactions: automated, designated, generated and co-created
datasets It also
suggests that SMEs
need to integrate
innovative digital interfaces
with the proposed marketplace
platform to enable internal and external communication between client </p>
<p>and supplier,
which responds favourably
to clients’ expectations
of a single
point of contact
</p>
with the supplier.