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CRM (customer relationship
management) is an information industry term for methodologies, software, and
usually Internet capabilities that help an enterprise manage customer
relationships in an organized way. For example, an enterprise might build a
database about its customers that described relationships in sufficient
detail so that management, salespeople, people providing service, and
perhaps the customer directly could access information, match customer needs
with product plans and offerings, remind customers of service requirements,
know what other products a customer had purchased, and so forth.
According to one industry view, CRM consists of:
- Helping an enterprise to enable its marketing departments to identify
and target their best customers, manage marketing campaigns with clear
goals and objectives, and generate quality leads for the sales team.
- Assisting the organization to improve telesales, account, and sales
management by optimizing information shared by multiple employees, and
streamlining existing processes (for example, taking orders using mobile
devices)
- Allowing the formation of individualized relationships with customers,
with the aim of improving customer satisfaction and maximizing profits;
identifying the most profitable customers and providing them the highest
level of service.
- Providing employees with the information and processes necessary to
know their customers, understand their needs, and effectively build
relationships between the company, its customer base, and distribution
partners.
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