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Strategies and tactics for becoming the number 1 supplier management platform in LATAM

Published about 12 hours ago

The strategy outlined in the JSON format focuses on making the platform the top supplier management system in Latin America. This involves expanding market presence and brand awareness by conducting market research, forming partnerships with local entities, and enhancing outreach efforts through online advertising and social media engagement. For example, localizing marketing materials and engaging with regional influencers play pivotal roles in increasing brand visibility.

Additionally, the strategy emphasizes enhancing platform features to meet the specific needs of Latin American users. This includes gathering feedback to tailor the product, integrating essential tools, and ensuring regulatory compliance. Multilingual support and customized reporting features are crucial examples of catering to regional demands.

Finally, improving customer experience and satisfaction is a key focus. Implementing a dedicated Latin American customer success team and providing 24/7 multilingual support are vital steps. Offering incentives such as loyalty programs demonstrates commitment to customer engagement. Regular updates and feedback loops also ensure the platform is responsive to user needs.

The strategies

⛳️ Strategy 1: Expand market presence and brand awareness

  • Conduct market research to identify key regions and target customers in LATAM
  • Develop partnerships with local businesses and industry leaders
  • Attend and sponsor industry events and conferences
  • Invest in online advertising targeting LATAM regions
  • Localise website and marketing materials for LATAM audiences
  • Engage with regional social media influencers
  • Create case studies showcasing successful implementations with LATAM companies
  • Launch PR campaigns highlighting platform achievements and user testimonials
  • Establish a LATAM-focused sales team with regional expertise
  • Build relationships with media outlets for local press coverage

⛳️ Strategy 2: Enhance platform features to meet LATAM-specific needs

  • Gather user feedback from current LATAM clients to identify key feature requests
  • Analyse regional regulatory requirements and ensure compliance
  • Develop features that cater to unique supplier management needs in LATAM
  • Implement multilingual support for Spanish and Portuguese
  • Integrate with popular regional ERP and accounting systems
  • Offer customisable reporting to meet local business analytics preferences
  • Enhance mobile app capabilities for on-the-go supplier management
  • Provide region-specific training resources and support documentation
  • Conduct beta testing with select LATAM clients for new features
  • Form a focus group of LATAM industry experts to provide continuous feedback

⛳️ Strategy 3: Improve customer experience and satisfaction

  • Implement a 24/7 multilingual customer support service
  • Create a dedicated LATAM customer success team
  • Develop an online community forum for LATAM users
  • Offer regular webinars and workshops tailored to LATAM businesses
  • Implement a feedback system to continuously improve user experience
  • Develop personalised onboarding experiences for new clients
  • Create loyalty programmes offering incentives for referrals and renewals
  • Regularly update customers with new features and improvements based on their feedback
  • Conduct satisfaction surveys annually to gather insights for improvement
  • Recognise and reward high-impact LATAM clients with success stories and featured content

Bringing accountability to your strategy

It's one thing to have a plan, it's another to stick to it. We hope that the examples above will help you get started with your own strategy, but we also know that it's easy to get lost in the day-to-day effort.

That's why we built Tability: to help you track your progress, keep your team aligned, and make sure you're always moving in the right direction.

Tability Insights Dashboard

Give it a try and see how it can help you bring accountability to your strategy.

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