Meaning of the word "channel management" in English

What does "channel management" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

channel management

US /ˈtʃæn.əl ˈmæn.ɪdʒ.mənt/
UK /ˈtʃæn.əl ˈmæn.ɪdʒ.mənt/
"channel management" picture

Noun

1.

The process of overseeing and optimizing the various channels through which a company sells its products or services, including direct sales, distributors, retailers, and online platforms.

Example:
Effective channel management is crucial for maximizing sales and market reach.
Our company is investing in new software for better channel management.
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