Business Driven Technology
Business Driven Technology
7th Edition
ISBN: 9781259567322
Author: Paige Baltzan Instructor
Publisher: McGraw-Hill Education
Question
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Chapter 3, Problem 1OC
Program Plan Intro

Customer Relationship Management (CRM):

Customer Relationship Management refers to manage all the phases of the customer’s relationship within an organization. Such management helps to increases the loyalty of the customer and to retain an organizations profit. It permits the organization to allow the customer’s shopping and buying behaviors.

Expert Solution & Answer
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Explanation of Solution

Usage of CRM system to support customers:

CRM system implemented in Apple helps to gain significant business intelligence.

  • A CRM system enables the Apple to find the customers who are buying their products which helps the company to generate the overall estimation of customers.
  • Apple view this report and provide special incentives to the customer such as free delivery, providing discounts and gift vouchers to the customers who purchased more things.
  • Apple also determine which customer discontinued membership and why in order to help them fight the competition.
  • The business intelligence gained through a CRM system is limitless.  

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Students have asked these similar questions
As a big grocery chain's top buyer, manufacturers and distributors beg you to stock their new items. Each week brings tens of new products. National advertising campaigns and merchant promotions often introduce these items. Existing goods must be decreased or removed to make room for new ones. You need to work with the IS department to create a marketing MIS to estimate profit changes from adding or removing inventory. What advice would you provide the IS department for designing this system?
Is it your opinion that customer-centric organizations generate more revenue, given the potential influence that service has on customer retention? Give me at least three justifications for your response.
Manufacturers and distributors beg you to stock their new items as a big grocery chain's top buyer. Tens of new things are launched weekly. These items are often introduced with nationwide advertising campaigns and merchant promotions. To introduce new goods, shelf space for old products must be lowered or deleted. You need to work with the IS department to create a marketing MIS to predict the profit impact of adding or removing an item from inventory. What do you suggest to the IS department for establishing such a system?
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