Definition of «institutional customers»

The term "institutional customers" refers to organizations or entities that purchase goods and services in large quantities for their operations, rather than individual consumers. These can include businesses, government agencies, schools, hospitals, non-profit organizations, and other institutions. They often have specific needs and requirements for the products they buy, and may negotiate contracts or agreements with suppliers to ensure a consistent supply of goods at discounted prices.

Usage examples

Conducting market research to understand the specific needs and preferences of institutional customers in the financial services industry.
Developing tailored products and services to meet the unique requirements of institutional customers, such as asset management solutions or insurance policies.
Implementing marketing strategies to raise awareness and attract institutional customers to invest in a particular investment fund.
Providing personalized customer service and support to institutional customers, including regular updates on performance and opportunities for portfolio optimization.
Collaborating with institutional customers to design custom-made software solutions that optimize operational efficiency and streamline their workflow.
Establishing strategic partnerships with other institutions to share resources and expertise, thereby enhancing the value proposition for institutional customers.
Conducting regular meetings and workshops with institutional customers to gather feedback, address concerns, and explore ways to further strengthen the relationship.
Offering training programs and educational resources for institutional customers to enhance their understanding of industry trends and regulatory changes.
Maintaining strict data privacy and security measures when handling sensitive information shared by institutional customers, ensuring their trust and confidence.
Recognizing the importance of long-term relationships with institutional customers and developing loyalty programs that provide additional benefits and rewards.

Sentences with «institutional customers»

It started selling paper diapers to day - care centers and other institutional customers several years ago. (articles.chicagotribune.com)
The company helps both individual and institutional customer with growing and protecting their wealth. (bestlifequote.com)
Interactive Brokers gives institutional customers the flexibility to execute and / or clear trades on our platform or with numerous third - party brokers. (interactivebrokers.com)
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