Chapter 11: Building a Customer-Centric Organization- Customer Relationship Management

CRM enables an organization to:
  • Provide better customer service
  • Make call centers more efficient
  • Cross sell products more effectively
  • Helps sales staff close deals faster
  • Simplify marketing and sales processes
  • Discover new customers
  • Increase customer revenues

Organizations can find their most valuable customers through "RFM"- Recency, Frequency, Monetary value

  • CRM reporting technology- help organizations identify their customers across their applications.
  • CRM analysis technologies- help organizations segment their customers into categories 
  • CRM predicting technologies- help organizations make predictions regarding customer behavior 

Using Analytical CRM to Enhance Decisions:
  • Operational CRM- supports traditional transactional processing for day to day front office operations or systems that deal directly with the customers.
  • Analytical CRM- supports back office operations and strategic analysis and includes all systems that do not deal directly with the customers.



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