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Customer Relationship Management

This document provides an overview of customer relationship management (CRM). It defines CRM as a process used to learn about customer needs and behaviors to develop stronger relationships. The key phases of CRM are acquisition, retention, and extension. The main components are contact management, sales, marketing/fulfillment, customer service, and loyalty programs. Approaches include operational CRM which stores all interactions, analytical CRM which analyzes customer behavior, and collaborative CRM which unifies information across departments. Benefits include improved customer satisfaction, customized service, increased profits. Critical success factors are partnerships across departments, ensuring the right employee understanding, using the right customer data, and providing good service.

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0% found this document useful (0 votes)
21 views

Customer Relationship Management

This document provides an overview of customer relationship management (CRM). It defines CRM as a process used to learn about customer needs and behaviors to develop stronger relationships. The key phases of CRM are acquisition, retention, and extension. The main components are contact management, sales, marketing/fulfillment, customer service, and loyalty programs. Approaches include operational CRM which stores all interactions, analytical CRM which analyzes customer behavior, and collaborative CRM which unifies information across departments. Benefits include improved customer satisfaction, customized service, increased profits. Critical success factors are partnerships across departments, ensuring the right employee understanding, using the right customer data, and providing good service.

Uploaded by

cbiknowledge
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
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LOGO

Customer relationship management

Presented by: Nabil chleikh


Prof: Mr Mouti
Outline

1 Goals of CRM.

2 Phases of CRM.

3 Components of CRM.

4 Approaches to CRM.

5
4 Benefits of CRM.

6
4 CRM success factors.

1
Definition

o It is process or methodology used to learn more about


customers' needs and behaviors in order to develop
stronger relationships with them.

o CRM helps a company unify its customer interactions


and provide a means to track customer information.

2
Goals of CRM

revenue growth

Create loyalty
Goals
of Repeat sales

CRM Reduce market cost

Excellent service

3
Phases of CRM

Acquisition
Acquisition Retention
Retention Extention
Extention

• Customerreturns
••Techniques
Techniquesused
usedto form •Customer
toform returnsand
andbuys
buysfor
for•Introduce different product
second •Introduce different product
relationship
relationshipwith
withnew
new secondtime.
time. and
customers. ••Increase the number of andservices
servicesfor
forloyal
loyal
customers. Increase the number of costumers.
••For achieving this step customers that purshase costumers.
For achieving this step customers that purshase ••Retain
software tools and regularly.
databases Retainthem
themasascutomers
cutomersfor
for
software tools and databasesregularly. the
are used. theextended
extendedproducts.
products.
are used.

4
components of CRM
Contact and
account
management

Relation and Sales


loyalty program

Customer

Customer Marketing and


service and fulfillment
support

5
Components of CRM

Contact and Account Sales Marketing and


Management Fulfillment

•Capture and store •Product information,


•CRM helps in
data in common product configuration,
sales prospectus. product marketing.
customer databases.
•CRM provide also •CRM helps also in
•The data is used in
the history of customer retention,
sales, marketing,
behavior prediction
services and other customer account.
and personalization.
applications.

6
Components of CRM

Customer service Retention and


and Support loyalty program

•CRM helps to •CRM is useful in


create, assign and determining most
manage the service loyal and profitable
requests by customers and
customers. reward.
•Call center and help • CRM optimize
desk software, help customer loyalty and
customers who face retention.
problems with
product to resolve it.

7
Approaches to CRM

Operational

Analytical Collaborative

8
Approaches to CRM

Any interaction with customer is stored


Operational in customers’ contact histories, which
the staff can retrieve as necessary.

Analyzing customer behavior in order


Analytical to make decision relating to products
and services.

Helps unify information that is collected


Collaborative trough different departments’
interaction with customers.

9
Benefits of CRM

Custo Servic
Visio mer e Profit
n

•Improve
•Expand the •Improve
customer
market & service by a •Long term
satisfaction by
attract new single point of profitability.
knowing
partners. communication
customer
•Develop with customer.
demands.
additional •Customize
•Reporting. •Sustainable
revenue. •Email income.
knowledge
marketing.
base.

10
CRM success factors

partnership CRM service

Employees databases

11
CRM success factors

Partnership Emplo Databas Service


yee e s

•Employees
•Build strong
have to •Report out
internal •Good service
understand only the data
partnership is the bridge
what you use, and
around the for a strong
information is use a data that
CRM strategy. CRM.
to be capture you report.
and why?

12
References

o Michael J. A. Berry, Gordon S. Linoff , Mastering Data Mining: The


Art and Science of Customer Relationship Management, Wiley
Computer Publishing, Singapore.

o http://www.scribd.com/doc/7008217/Customer-Relationship-
Management

o http://www.scribd.com/doc/28664396/Customer-Loyalty

o http://www.destinationcrm.com/Articles/CRM-News/Daily-
News/What-Is-CRM-46033.aspx

13

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