Web Design - CRM-Customer Relationship Mangement System

 

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CRM is a comprehensive approach which provides seamless integration of every area of business that touches the customer - namely marketing, sales, customer service and field support-through the integration of people, process and technology, taking advantage of the revolutionary impact of the Internet.

Customer relationship management (CRM) is a business strategy that aims to understand, anticipate and manage the needs of an organization's current and potential customers. It is a journey of strategic, process, organizational and technical change whereby a company seeks to better manage its own enterprise around customer behaviors. It entails acquiring and deploying knowledge about one's customers and using this information across the various touch points to balance revenue and profits with maximum customer satisfaction.

 

Rank
Definition
Implications

1

"Customer needs"

Identifying and meeting customer needs is seen as the primary goal of relationship marketing. Despite this high ranking, customer needs tracking has the lowest level of usage among measurement tools.

2

"Partnership"

Working in partnership with suppliers and customers is the key focus, both in consumer and business-to-business markets.

3

"Increasing profits"

Maximising customer retention and value, and so driving up profitability, is the goal. This seems to reflect the popularity of the findings propounded by Frederick Reichheld that increased retention equals substantially increased profits.

4

"Loyalty"

Building loyalty with customers, usually defined as maintaining repeat sales, is the central role of relationship marketing.

5

"Value"

Managing and enhancing the value to both customer and company within the relationship.

6

"Satisfaction"

The focus on satisfaction received a relatively low level of mentions, yet this is the most popular customer measure.

 


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