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CUSTOMER RELATIONSHIP MANAGEMENT

CUSTOMER RELATIONSHIP MANAGEMENT. Success to business. WHAT IS CRM.

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CUSTOMER RELATIONSHIP MANAGEMENT

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  1. CUSTOMER RELATIONSHIP MANAGEMENT Success to business

  2. WHAT IS CRM • It is a “comprehensive approach which provides integration of every area of business that touches the customer- namely marketing, sales, customer services and field support through the integration of people, process and technology”

  3. The purpose of CRM • “The focus of CRM is on creating value for the customer and the company over the longerterm” • When customers value the customer service that they receive from suppliers, they are less likely to look to alternative suppliers for their needs. • CRM enables organisations to gain ‘competitive advantage’ over competitors that supply similar products or services

  4. RECOGNITION OF CRM long-term relationships with customers are one of the most important assets of an organisation gives GROWTH

  5. BEST PRACTICES CRM

  6. BEST PRACTICES BEST PRACTICES CRM

  7. What does CRM involve? CRM involves the following: • Organisations must become customer focused • Organisations must be prepared to adapt so that it take customer needs into account and delivers them • Market research must be undertaken to assess customer needs and satisfaction

  8. Benefits of CRM reduced costs, because the right things are being done (eg - effective and efficient operation) • increased customer satisfaction, because they are getting exactly what they want (eg - meeting and exceeding expectations) • ensuring that the focus of the organisation is external • growth in numbers of customers • maximisation of opportunities (eg - increased services, referrals, etc.) • increased access to a source of market and competitor information • highlighting poor operational processes • long term profitability and sustainability

  9. Implementing CRM • When introducing or developing CRM, a strategic review of the organisation’s current position should be undertaken • Organisations need to address four issues: • What is our core business and how will it evolve in the future? • What form of CRM is appropriate for our business now and in the future? • What IT infrastructure do we have and what do we need to support the future organisation needs? • What vendors and partners do we need to choose?

  10. “Strategically significant customers” • “Customer relationship management focuses on strategically significant markets. Not all customers are equally important” . • Therefore, relationships should be built with customers that are likely to provide value for services • Building relationships with customers that will provide little value could result in a loss of time, staff and financial resources

  11. ANNUAL-PREPARATION UNDERSTANDING INDUSTRY & YOUR MKT SHARE TARGET SETTING- SHOULD BE HIGH BUT ACHIEVABLE BUDGETS- AS PER DEPATMENT SOP – STANDARD OPERATIVE PROCEDURE SYSTEMS IMPLEMENTATION MAN-POWER QUALITY INCENTIVES INCREMENT PROFITS & RE-INVESTMENT FOR - GROWTH -HIGH CUSTOMER SATISFACTION

  12. TEAM-WORK CRM

  13. ENQUIRY MANAGEMENT SYSTE WALK-IN INQUIRIES TELEPHONIC INQUIRIES ACTIVITY- DEMO,SEMINARS,CONFERENCE LEAF-LET INSERTIONS ADVERTISEMENT- NEWSPAPER, RADIO,TV WEB-SITE REFERENCE BANNERS, HOARDINGS, MAILERS,SMS ETC

  14. AREA-WISE INQUIRY REPORT

  15. SALES-MAN WISE CONVERSION

  16. PRODUCT-WISE CONVERSION

  17. DATA PROCESSING FOLLOW-UP SYSTEM POSITIVE CLOSE NEGATIVE CLOSE BRINGS MORE CUSTOMERS FIND REASON • TOUCH- FOR NEW SCHEME THROUGH SMS TO ALL • AFTER-SALE SERVICE SCHEDULE • B’DAYS, REMINDERS, OTHER OCCASIONS

  18. CUSTOMER SATISFACTION INDEX • RECEPTION • PRODUCT KNOWLEDGE • SALES EXECUTIVE • FINANCE • EXCHANGE • TEST-RIDE • SELECTION • DELIVERY • POST SERVICE FOLLOW-UP

  19. POST SERVICE FOLLOW-UP

  20. LOYALTY

  21. THANK YOU THINK BIG

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