+ All Categories
Home > Documents > CRM power point

CRM power point

Date post: 08-Apr-2018
Category:
Upload: prateek-mishra
View: 216 times
Download: 0 times
Share this document with a friend

of 82

Transcript
  • 8/7/2019 CRM power point

    1/82

    Slides not for cirulation 1

    Recommended Text Books :

    1. Customer Relationship managementEmerging concepts, Tools & Application

    J.N Sheth , Atul Parvatiyar G.Shainesh

    2. The Ultimate CRM Handbook

    John. G . Freeland TMH edition

    3. CRM at the lightening speed.Paul Greenberg

  • 8/7/2019 CRM power point

    2/82

    Slides not for cirulation 2

    Transition to CRM world

    Production centric

    business Approach

    70 & 80s business thinking Late 80s + business thinking

    Product centric

    business approach

    Mass production

    Economy of scale

    Low cost & volumePush.

    Customized production

    Low volume & more variety

    economy Of scope

    High operation cost

    Product delivery as a total solutionof Product & service

  • 8/7/2019 CRM power point

    3/82

    Slides not for cirulation 3

    Is customer chasing a product Or product chasing a

    customer ??

    Todays corporate Business challenges

  • 8/7/2019 CRM power point

    4/82

    Slides not for cirulation 4

    A large number of BFSI institutions like Citibank, ICICIBank, HDFC Bank, IDBI Bank, BNP, Standard CharteredBank, Bank of Punjab, State Bank of India, besides

    financial services like GE Countrywide, and insuranceplayers like Max NewYork Life Insurance, Bajaj Allianzand ICICI Prudential Life Insurance have adoptedbusiness process management (BPM) like CRM

    process to deal with increasing front end issues at customer level after core banking , regulatory issueslike Money laundering, risk management system ,unhedged external liabilities etc .

    What do corporate world think of CRM

  • 8/7/2019 CRM power point

    5/82

    Slides not for cirulation 5

    Indian banks have been directed by RBI to improve

    their risk management system by building aninvestment fluctuation reserve (IFR), by identifyingthe problem assets , making provisions for problemassets , and by putting in place systems that monitor

    un-hedged external liabilities.

    PSU banks & private banks like the ICICI, whichhas offshore entities, have to track money

    laundering activity & report the same.A

    ccording tothe Money Laundering Act 2003, FIs have to report& confiscate the transactions as MLA is anextraditable offence.

  • 8/7/2019 CRM power point

    6/82

    Slides not for cirulation 6

    Customer Life Cycle.

  • 8/7/2019 CRM power point

    7/82

    Slides not for cirulation 7

  • 8/7/2019 CRM power point

    8/82

    Slides not for cirulation 8

    The customer life cycle encompasses four continuous patternsin which businesses interact with customers across multiplechannels and touch points.

    CRM integrates the right employees, partners, processes, andtechnology to optimize relationship management across allfour patterns within a customer life cycle:

    . Engage: Recognizing potential customers and convertingthem into (first-time) buyers.

    . Transact: Getting the customer to make a purchase.

    . Fulfill: Providing the total one point solution .

    . Service: Providing customer care and service across allchannels.

  • 8/7/2019 CRM power point

    9/82

    Slides not for cirulation 9

    Building Customer Life cycle management

  • 8/7/2019 CRM power point

    10/82

    Slides not for cirulation 10

    Analytical CRM: The customer knowledge data base

    formed from the systematic collecting and storing ofcustomer data is perceived as an asset to theenterprise. Through an analysis of the data in this database it is possible to improve marketing efficiency indifferent ways.

    Operational CRM: Operational CRM means that an ICTbased support is provided for front office activities,including sales, service and support. Such support isintended to be used both in call/contact centers and bythe sales staff in their customer contacts.

    Collaborative CRM: The development ofICT has openedup new possibilities for communicating with thecustomers.

  • 8/7/2019 CRM power point

    11/82

    Slides not for cirulation 11

  • 8/7/2019 CRM power point

    12/82

    Slides not for cirulation 12

    EmpoweredEmployees

    IntegratedPartners

    InformedManagement

    ConnectedCustomers

    CRM Eco system

    MarketingAutomation

    Sales ForceAutomation

    CustomerService

    FieldService

    eCommerce

    Intelligent and easy business solutions thatenable extraordinary customer experiences

  • 8/7/2019 CRM power point

    13/82

    Slides not for cirulation 13

    Businesses have long since measured financialperformance with traditional financial measurement tools:profit and loss statements, balance sheets and cash flowstatements. These measurement frameworks suffer from

    limitations; they measure past activities and are lagversus leading indicators (Kaplan & Norton, 2001).

    Kaplan and Norton created the balanced

    scorecard to address some of these deficiencies andhave expanded the tool to measure strategy. In thisexample, the balanced scorecard intends to predict futurefinancial performance and track how effectively thecorporate strategy is executed.

    Measuring business performance

  • 8/7/2019 CRM power point

    14/82

    Slides not for cirulation 14

    Consumer

    Insight

    Valueproduction ValuedeliveryCustomerBehavior

    &Mind set

    Internally focused measurement Externally focused measurement

  • 8/7/2019 CRM power point

    15/82

    Slides not for cirulation 15

  • 8/7/2019 CRM power point

    16/82

    Slides not for cirulation 16

    (Business process)

    CLV( Projected

    revenue)

  • 8/7/2019 CRM power point

    17/82

    Slides not for cirulation 17

    Depending on the companys business model andThe business unit within the company, CRM

    measurement frameworks vary. Some key categories ofperformance measurement include:

    1. Brand performance measures2. Customer asset management3. Customer behavior4. Marketing performance5. Sales force performance6. Service center performance7. Field service performance8. Supply chain and logistic performance9. Web site performance

  • 8/7/2019 CRM power point

    18/82

    Slides not for cirulation 18

    1.Brand-buildingCustomer equity building

    Customer behavioral modelingCustomer value management

    Customer-facing operations

    2. Marketing operationsSales force operationsService center operationsField service operations

    3.Supply chain and logistic operationsWeb site operationsLeading indicator measurement

    4. Balanced scorecards

    Customer knowledge management

  • 8/7/2019 CRM power point

    19/82

    Slides not for cirulation 19

    Products and services originate in the companys valueproduction capabilities and then flow through the valuedelivery capabilities and to the customer. The

    companys customer insight capabilities must collectknowledge about the customers behavior and mindsetand inform the value production and deliverycapabilities.

    While companies frequently measure customer valueproduction and delivery capabilities, very few measurethe customer insight or knowledge managementcapabilities.

  • 8/7/2019 CRM power point

    20/82

    Slides not for cirulation 20

    CRM strategy in an organization helps to build 360Degree view of the customer

  • 8/7/2019 CRM power point

    21/82

    Slides not for cirulation 21

    Why customers quit ???

    1% die

    3% become dormant .

    5% develop high aspiration .

    9% leave for competitive reasons

    14% are dissatisfied

    68% quit because of an attitude ofindifference( relationship) by marketer .

    Statistics :

  • 8/7/2019 CRM power point

    22/82

    Slides not for cirulation 22

    Marketing Statistics

    The average business never hears from 96% of

    its unhappy customers.

    They tell a minimum of 9-10 other people abouttheir bad experiences.

    Getting a repeat customer from unhappy

    customer group is 1 in 11.

    Every positive experience is shared with 2 to 3people( prospective customer ).

    For every single complaint received, there are in

    fact 26 customers with the similar concern.

  • 8/7/2019 CRM power point

    23/82

    Slides not for cirulation 23

    Marketing Statistics

    Of the customers who register a complaint, as many as

    70% will do business again with your organization if the

    complaint is resolved effectively.

    This figure goes up to 95% if the complaint has been

    resolved promptly.

    40% of complaints result from customer mistakes or

    incorrect expectations.

    A complaint that is handled efficiently is actually better

    than no complaint at all.

    Customers who complain and get satisfactory results

    are 8% more loyal than if no complaint at all.

  • 8/7/2019 CRM power point

    24/82

    Slides not for cirulation 24

    Hence in a competition driven markethaving more business challenges,to attract , acquire and retain a customer,business practices which are customercentric ( Customer RelationshipManagement ) is imperative and need ofthe business.

  • 8/7/2019 CRM power point

    25/82

    Slides not for cirulation 25

    Customer Relationship Management

    Process of creating and maintaining

    relationships with business customers or

    consumers

    A holistic process of identifying, attracting,differentiating, and retaining customers

    Integrating the firms value chain to create

    enhanced customer value at every step

    An integrated cross-functional focus on

    improving customer retention and profitability for

    the company.

  • 8/7/2019 CRM power point

    26/82

    Slides not for cirulation 26

    Customer Relationship Management

    A customer centric business processes practiced

    by an organization from acquisition to retention

    to build bonding , enhance positive customerexperience, increase multiple touch point value

    and create high customer life time value.

  • 8/7/2019 CRM power point

    27/82

    Slides not for cirulation 27

    Shift from transactional marketing to Relationship marketing

    Interdependence

    Independence

    Conflict Collaborate

    Transactional

    Marketing

    Relational

    Marketing

  • 8/7/2019 CRM power point

    28/82

    Slides not for cirulation 28

    Structuralbond

    Financialbond

    Customizationbond Socialbond

    Level of relationship strategies

  • 8/7/2019 CRM power point

    29/82

    Slides not for cirulation 29

    Distinctions in Customization

    Mass Marketing Customization

    Relationship

    with customers

    Customer is passiveparticipant in process

    Customer is activeco-producer,

    Customer needs Researched and

    articulated

    May not be

    articulated

    Product and serviceoffering

    Marketing and R&Ddrive offering

    Customized basedon customer

    interactions

    Price Fixed prices with

    discounting

    Value based pricing;

    customer

    determined

    Communication Advertising and PR Integrated,

    interactive

    Distribution Mix of direct and

    indirect

    Direct (online)

  • 8/7/2019 CRM power point

    30/82

    Slides not for cirulation 30

    Customer Profitability and Life time Value.

    As cost of serving a customer increases over

    the years ,due to inflation ( rise in input cost )

    profit earning ability of the firm decreasesduring the life time . Hence customer centric

    business leverage on RLEATIONSHIP

    MANAGEMENT as key strategy to improve

    customer profitability over the lifetime of thecustomer.

  • 8/7/2019 CRM power point

    31/82

    Slides not for cirulation 31

    CLV proposition

  • 8/7/2019 CRM power point

    32/82

    Slides not for cirulation 32

    Sales Force AutomationProcess

    Customer Service

    Process

    Contact & Activity

    Managementprocess

    Marketingmanagementprocess

    CRM process focus areas in business

    EnterpriseResource

    Planning

    tool

  • 8/7/2019 CRM power point

    33/82

    Slides not for cirulation 33

    SALES Force ManagementProcess

  • 8/7/2019 CRM power point

    34/82

    Slides not for cirulation 34

    Challenges of Sales Management process

    Long Sales Cycles : In complex products and

    services ( solution sales ), the sales process fromlead generation to closure tend to get longer thananticipated.

    Disconnected lead information system makingdecision process of lead qualification difficult .

    Need for transparent sales transaction inde- centralized customer set up.

    Control & streamline Sales forecast process.

    Unable to assess sales productivity

  • 8/7/2019 CRM power point

    35/82

    Slides not for cirulation 35

    Sales Force Automation

    Manages lead generation, tracks movement of

    leads through the pipeline, allows better usage

    of customer data, integrates activities acrosssales channels, simplifies relationship

    management, forecasts for opportunities

    Helps to understand competitive position in

    sales situation . Sales funnel ( Sales pipeline ) management

    Sales person productivity analysis

  • 8/7/2019 CRM power point

    36/82

    Slides not for cirulation 36

    Revenue management is key the success of anybusiness .

    Revenue Planning : Begins during the third quarter fornext fiscal year.Input is gathered from sales & marketing team andother sources and Revenue plan is fixed.

    Related expenses are decided & planned profit is predecided.Revenue plan is broken up into sales targets forproduct line & communicated to sales force .

    Q1( AMJ) Q2(JAS) Q3( OND) Q4 ( JFM)

    M1 M2 M3 M4 M5 M6 M7 M8 M9 M10 M11 M12

    annual

    revenue

    plan.xls

  • 8/7/2019 CRM power point

    37/82

    Slides not for cirulation 37

    Sales performanceAnalysis

    Business partnerManagement

    Sales Planning

    OrderAcquisition

    OpportunityManagement

    Sales Process ManagementSales Process Management

    Order

    management

    Order vetting

    Technical

    Commercial

    Feedback to

    sales team

    Sales funnel

    management

    Sales force

    Productivity

    management

    OrderlossStatus report

    & analysis

    Annualbusiness

    planning

    Channel partner

    Warehouse

    C&F

  • 8/7/2019 CRM power point

    38/82

    Slides not for cirulation 38

    Top Search Terms Leads by SourceCampaign ROI

    Web Form

    Lead Capture

    Import Data

    Web Site Visitors

    Inbound Calls

    Lists

    Google AdWords

    EmailMarketing

    Direct Mail

    Cold Calls

    Partners

    TV

    Radio

    Events

    Trade Shows

    PR

    Set up auto-response emails-Thank you for your interest

    -Your trial information

    -Event details

    Set up lead assignment rules-Geography

    -Company size

    -Product of interest

    Use the import

    wizard or Excel

    connector

    Purchased list

    Trade show

    Legacy data

    Contact me request Free trial

    Event registration

    Organic Web traffic AdWords referrals

    Email responses

    Yellow pages Google Maps

    Word-of-mouth referrals

    Create New Leads

    Cold calling If one doesnt exist, create a new lead

    Lead Quality

    Generate More Leads: Capture those leads through a

    variety of channels including your Web site.

  • 8/7/2019 CRM power point

    39/82

    Slides not for cirulation 39

    Closed Business

    by MonthTop Sales RepsTop 10 Deals

    Presentation Proposal Negotiation WonYesNo

    Open Opportunities

    You canmonitor your

    opportunitiesreports and

    dashboards to

    keep track of

    your top deals

    and prioritize

    your time.

    Customize Sales force tofit your internal sales

    methodologies and

    processes, making it

    easier to monitor your

    sales pipeline.Use email marketing and

    call downs to re-market

    to yourarchived

    opportunities.

    Keep an archive of your dead opportunities.

    Sales force gives your entire

    company a 360-degree view of

    your customers and facilitates

    collaboration across your

    organization, helping you

    build strong, lasting customer

    relationships.

    Sales

    Support

    Marketing

    New Customers

    Close More DealsClose deals fasterby providing a single place for updating deal information, tracking opportunity

    milestones, and recording interactions. Easily analyze your sales pipeline so you can quickly

    identify and eliminate any bottlenecks in the sales cycle.

    Retail sales

    forecast.xls

  • 8/7/2019 CRM power point

    40/82

    Slides not for cirulation 40

    Lead analysis & sales forecast

    RFQ analysis

    Bid preparation (Investment proposal )

    Sales coordination

    Sales collaterals & templates

    Sales productivity analysis

    Field intelligence report

  • 8/7/2019 CRM power point

    41/82

    Slides not for cirulation 41

    Sales target The amount of sales each sales representative, team, product or product category has

    committed or is assigned to solicit.

    Close percentage This metric goes by many names. The purpose of the metric is to score a lead with a

    percentage that it is likely to turn into a sale. As sales personnel work with thecustomer to answer questions, exchange information, prepare legal contracts and so

    on, the percentage is changed up or down.

    Customer score Not only are leads scored, but customers are too. By scoring a customer, companies

    can develop a model that helps them predict which customers are likely to purchase

    their product or service. Many attributes (size of the company, geographic location,level of access into the company, level of cultural, industries the customer serves,

    size of budget for the solution being sold) can go into scoring a customer. In this

    regard, customer scoring is similar to a segmentation exercise.

    Sales expenses This metric includes all expenses related to the sale, such as travel, entertainment,

    printing, shipping, use of other internal resources, 3rdparty expenses, etc.

    Close rate The percentage of sales leads that convert to sales. This is often tracked at the sales

    representative, team, customer segment and product/product category level.

  • 8/7/2019 CRM power point

    42/82

    Slides not for cirulation 42

    Sales totals The total number of sales represented by all leads. This metric is often multiplied

    by the close percentage for a weighted sales leads number. This metric is used to

    predict future sales.

    Sales lost The number (or percentage) of sales lost, broken down by reasons, which can

    include loss to a competitor, loss of customer funding, and many other reasons.

    Training impact Companies use different techniques to detect the impact of sales training on the

    sales force, including sales staff surveys on training effectiveness and

    comparisons in other sales metrics pre- and post-training.

    Cross-sell rate The percentage of sales totals that include items that were not specifically

    requested but recommended by the sale force or through marketing.

    Number of calls The number of calls made by a sales representative or sales team. This can be

    broken down by new account calls and existing account calls.

    Number of new

    customers

    How many new customers have been added during a period of time.

  • 8/7/2019 CRM power point

    43/82

    Slides not for cirulation 43

    Key returns from improved sales performance

    and management include the following:

    Increased salesperson productivity Increased sales management productivity Decreased cost of customer acquisition Increased revenues (increased profits onrevenues) Decreased administrative overhead Reduced employee training costs

  • 8/7/2019 CRM power point

    44/82

    Slides not for cirulation 44

    Customer Service management

    QoS ( Quality of Service ) delivered byan organization is judged by itscustomer of the basis of 5 keyparameters known as serve qual

    parameters.

  • 8/7/2019 CRM power point

    45/82

    Slides not for cirulation 45Ser Mktg

    Proprietary slides

    45

    1. Tangibles of Service :

    ( Infrastructure & facilities , Employ commitment (People)

    & the process links of services laid to build efficiency &

    problem resolution )

    2. Responsiveness :

    Attitude (Willingness) to help the customer proactively.

    3. Reliability : Dependability on the service & accuracy of

    the service.

    4. Assurance : Competence of the organization to deliver

    the promises & gain credibility for service .

    5. Empathy : Caring for the customer . Feeling of concern

    & responsibilities.

    i i f i d i

  • 8/7/2019 CRM power point

    46/82

    Slides not for cirulation 46

    Designing SLA for committed service

    Components of SLAScope of service to be rendered

    Committed Total turn around timePenalty clauses

    Implementation timeJoint responsibility

    Financial implicationPrice escalation clause

    Commercial implications

    Legal implicationTermination clause

    Renewal clauseExit clau e

    SLA is formal & legal document detailing the scope of service with standardOperating procedure explained by the service provider to set right expectationOf the client. ( Eliminate Service Gap )

  • 8/7/2019 CRM power point

    47/82

    Slides not for cirulation 47

    SLA Management encompasses :

    SLA contract definition (basic schemawith the quality of service parameters.)

    SLA negotiationSLA monitoringSLA enforcement, according to defined

    policies.

  • 8/7/2019 CRM power point

    48/82

    Slides not for cirulation 48

    SERVICE

    PERFORMANCESERVICE ROI

    Web Form

    Import Data

    THRU Web Site

    Inbound Calls

    Warranty

    customer

    Database

    SERVICE CALL

    Email TO CC

    Calls Thru

    TOLLFREE NO.

    Preventive call

    Management Use the import

    wizard or Excel

    connector

    Contact me request

    Service call

    Allocation process

    SERVICE STATISTICS

    CUSTOMER SERVICE MANAGEMENT PROCESS

    Call call call call call incentivescapture analysis allocation tracking closure calculation

    Set up auto-responseemails with id code

    benchmark

  • 8/7/2019 CRM power point

    49/82

    Slides not for cirulation 49

    Call tracking: logging to resolutionCall uptime calculation : Actual time / total committed time

    Service center operations

  • 8/7/2019 CRM power point

    50/82

    Slides not for cirulation 50

    Call counts and

    duration

    The number and duration of calls either received or sent, often

    broken down by call type, which is input by the call center

    representative after completing the call.

    Average hold time The amount of time a customer has to wait before being served by

    an agent.

    Abandonment rate The number of calls abandoned expressed as a percentage of the

    total calls. These are customers who hang up while waiting for an

    agent or get disconnected.

    Average

    abandonment time

    The average time a caller waited before abandoning the call.

    Adherence The amount of time the agent is in their seat ready to take calls,expressed as a percentage of the total time the agent is scheduled.

    Wrap-up time The amount of time, after the call is completed, the agent needs to

    complete administrative tasks related to the call.

  • 8/7/2019 CRM power point

    51/82

    Slides not for cirulation 51

    Average cost per call The sum of all costs for running the center divided by the number of calls

    received.

    Average talk time The amount of time the agent spends on the call talking to a customer.

    Average handle time The sum of the talk time and the wrap-up time.

    Agent utilization The amount of time agents spend on calls versus other internal tasks,

    expressed as a percentage of available time.

    Blocked calls The number and percentage of calls that receive a busy signal and could not

    even get to the automatic call distribution system (ACD).

    Service level A goal for call center performance. A widely used format for the goal and

    values is for a call center to answer 80% of the calls within 20 seconds.

    Call quality Companies have devised ways to monitor the quality of a call and the agents

    abilities. Scores can include vocal intonation, friendliness, promptness,

    knowledgeableness, and adherence to procedures.

  • 8/7/2019 CRM power point

    52/82

    Slides not for cirulation 52

    Response time Amount of time it takes a service agent to respond

    Completion time Amount of time it takes a service agent to resolve a customersproblem.

    Repair fulfillment

    time

    The amount of time it takes to deliver a requested part or service

    needed for a repair.

    Service level This metric is similar identical to the call center metric when

    applied to inbound phone calls. It includes additional measures

    when applied to all support calls.

    Customer

    satisfaction score

    Many companies routinely survey their customers after a service

    call to verify satisfaction.

    Service call priority Service calls are frequently prioritized to comply with service

    contracts or warranty terms or to indicate the importance of the

    request.

  • 8/7/2019 CRM power point

    53/82

    Slides not for cirulation 53

    CRM driven Supply chain performance.

    Fill rate The number of items ordered compared with items shipped.

    Fill rate can be calculated on a line item, SKU, case or valuebasis.

    On time ship rate What percent of orders where shipped on or before the

    requested ship date. On time ship rate can be calculated on a

    line item, SKU, case or value basis.

    Performance to

    promise

    What percentage of orders where shipped on or before the

    promised ship date. In some cases, some items may be on

    back order or delayed for whatever reason. This metric

    captures the overall conformance with promised ship dates.

    Backorders The number (or percentage) of unfulfilled orders.

  • 8/7/2019 CRM power point

    54/82

    Slides not for cirulation 54

    Customer order

    cycle time

    The average time it takes to fill a customer order.

    Cash to cycle time The number of days between paying for raw materials and getting

    paid for the product by the customer.

    Supply chain cycle

    time

    The total time it would take to satisfy a customer order if all

    inventory levels were 0.

    Perfect Order

    Measure

    The error-free rate of each stage of an order. Error rates are captured

    at each stage (order entry, picking, delivery, shipped without

    damage, invoiced correctly) and multiplied together.

    Upside flexibility The ability of a supplier to meet additional demand requirements

  • 8/7/2019 CRM power point

    55/82

    Slides not for cirulation 55

    Contact and activity Management

    KAM process

    Blue book / Account dossier /Customer historysheet preparation

    Scheduler and calendaring events

    Project management process

  • 8/7/2019 CRM power point

    56/82

    Slides not for cirulation 56

    Customer

    Sales Level/

    Potential

    Customer Service/Re

    lationship Requirements

    Large

    Small

    Low High

    Direct

    channe

    ls/

    Internet-based

    sales

    Key/Global

    AccountManagement

    The shrinking

    domain for the

    traditional

    salesforce?

    Marketing Strategy

    The critical new interfaces for sales

  • 8/7/2019 CRM power point

    57/82

    Exploratory

    Basic

    Cooperative

    Interdependent

    Integrated

    Strategic

    intent of

    seller

    Strategic intent of buyer

    Adapted from a model developed by Millman, A.F. and Wilson, K.J.

    From Key Account Selling to Key Account Management (1994)

    The relational development model

    KAM

  • 8/7/2019 CRM power point

    58/82

    Slides not for cirulation 58

    Key account preliminary categorization

    Realization of fullest potential

    of both organizations

    Confidence in relationship, stable

    & highly evaluated by both sides

    Integrated

    Interdependent

    Basic

    Degree ofcollaboration

    KAM relationship stage Needs of parties to

    KAM relationship

    Low: transactional

    High: collaborative

    Reduction of risk,

    ability to forecast

    Operational, efficient

    transactions

    Cooperative

  • 8/7/2019 CRM power point

    59/82

    Creating closer relationships with supply

    chain partners

    InformationSystems

    Operations

    Marketing

    Operations

    InformationSystems

    Marketing

    Key-Account

    Co-ordination

    Supplier

    To

    Supplier

    Development

    Customer

    Directors

    selling company

    Directors

    buying company

  • 8/7/2019 CRM power point

    60/82

    Slides not for cirulation 60

    Key account categorization

    Top 15 (in volume/revenue generated)

    Next 30

    Next 55

    A

    B

    C

  • 8/7/2019 CRM power point

    61/82

    Slides not for cirulation 61

    Selection of Key Accounts

    Large

    Medium

    Small

    Strategic Star

    Status Streamline

    High

    High

    Low

    Supplier Business

    Strength with Customer

    Account

    Attractiveness

    low

  • 8/7/2019 CRM power point

    62/82

    Slides not for cirulation 62

    High Low

    High

    Low

    Key accountattractiveness

    Supplier business strengthwith customer

    Selectiveinvestment

    Management

    for cash

    Strategicinvestment

    Pro-active

    maintenance

    The key customer portfolio

    Supplier Relationships as a Source of

  • 8/7/2019 CRM power point

    63/82

    Slides not for cirulation 63

    Business Contribution

    Criteria

    Business Process

    Criteria

    Strategic

    Suppliers

    Preferred

    Suppliers

    CommoditySuppliers

    First mover advantage

    Channels to market

    Reverse revenue generation

    KAMlead

    Business strategy driven

    A te

    am on

    both sides

    Point-to-point solution

    Technology access

    Operationaladvantage

    Cost improvement Superior service levels

    Ease of transaction

    Relationship manager

    Strategy from CatMan

    SLA scorecard

    Managed locally Performance monitored

    E-enabled

    10

    20

    600

    1, 350

    3,000

    10

    < 1% ofsuppliers

    c. 20% ofall

    suppliers

    c. 80% ofall suppliers

    Type

    Supplier Relationships as a Source of

    Business Advantage

    Business Process

    Criteria

  • 8/7/2019 CRM power point

    64/82

    Slides not for cirulation 64

    Blake and Mouton

    1/9

    The customers

    friend

    9/9

    The problem

    solver

    1/1

    The ordertaker

    9/1

    The pressuresalesman

    5/5Compromise

    Method approach

    Concern for

    customer

    Concern for making the sale

    9

    1

    91

  • 8/7/2019 CRM power point

    65/82

    Slides not for cirulation 65

    Developing the Strategic

    Account Planning Process

    The strategic account planning process

    should be specific and actionable, and

    include

    Objectives and activities

    Action plans designed to meet the objectives

    Assigned responsibilities and accountabilities

    A listing of the resources required toimplement the plans

  • 8/7/2019 CRM power point

    66/82

    Slides not for cirulation 66

    Facilitating Buy-In

    Training and education programs can

    facilitate buy-in within the selling

    organization

    Sales education programs must

    emphasize the value that KAM and sales

    managers can provide to these strategic

    accounts

  • 8/7/2019 CRM power point

    67/82

    Slides not for cirulation 67

    Providing Guidance for Plan Development

    and Implementation

    KeyAccount Managers provide much

    guidance and leadership to their team

    & buyers . They seek ongoing support from top

    management

    Identify new opportunities & helpbuying organization in decision

    making.

    Act as problem solver & evangelist.

    Marketing Data analysis for

  • 8/7/2019 CRM power point

    68/82

    Slides not for cirulation 68

    Marketing Data analysis for

    strategic marketing decisions.

    Information about

    Data available in

    DW

    Data standardized

    To a common format

    CRM process & information technology

  • 8/7/2019 CRM power point

    69/82

    Slides not for cirulation 69

    CRM process & information technology

  • 8/7/2019 CRM power point

    70/82

    Slides not for cirulation 70

    Classification: It maps data into predefined group or

    clusters . These classes are predefined . Classification

    algorithms requires that the classes are defined on the dataattributes values. ( Micro Segmentation of consumers )

    Regression : It assumes that the target result fit in to some

    known type of functions ( eg linear , logistic etc ) & then

    determines the best function which models the given data.

    Clustering : The approach is useful for determining the

    similarity On the predefined attributes . Identifying precise

    set of variables / parameters describing the data set fordecision making process. Consumer modeling for

    promotion strategy.

    Summarization : It is used for extracting representative

    information about the database. It maps data in to subsets

    with associated simple description.

    CRM P j i l i

  • 8/7/2019 CRM power point

    71/82

    Slides not for cirulation 71

    CRM Project implementation

    methodology

    Planning

    Deployment

    Post

    Deployment

    Envisioning

    Development

  • 8/7/2019 CRM power point

    72/82

    Slides not for cirulation 72

    Components for CRM software project management

    model

    Basic components are common to any industries which

    include

    1. Scope management

    2. Time management3. Resources management

    4. Quality management

    5. Cost management

    6. Communications management7. Risk management,

    8. Procurement management

    9. Integration management.

    l i C l i h l

  • 8/7/2019 CRM power point

    73/82

    Slides not for cirulation 73

    Implementing CRM solution: Technologyperspective

    CRM solutions stand on a integrated database ofcustomers/ transaction data , which are used forbuilding proactive marketing strategies .

    People , Process & Technology are the corner stones ofany successful CRM solution implementation .

    Industry nuances are to be kept in mind whiledesigning CRM solution for an organization.

    Integration issues with back end operation viz ERPwork flow management etc need to be addressed priorto the selection of CRP solution.

  • 8/7/2019 CRM power point

    74/82

    Slides not for cirulation 74

    Six Es e CRM are :

    1. Electronic channel integration : (Web, Mail & messaging )

    2. Enterprise : Across the organization other than sales &marketing function are able to interact & providecustomer centric services & products. ( Enterpriseintegration ERP , Work flow , DRP ) .

    3. Empowerment : Enabling the customers to decide when& how to stay in touch with the organization.

    4. Evaluation : Evaluate customer interaction along varioustouch point channel & compare anticipated ROI againstaccruals.

  • 8/7/2019 CRM power point

    75/82

    Slides not for cirulation 75

    5 Economics : Concentrate on customer economics , whichdrives smart asset allocation decision & greatest return on

    customer communication

    6. External information : Leverage information from thirdparty sources , web page profiler etc.

  • 8/7/2019 CRM power point

    76/82

    Slides not for cirulation 76

    Data

    mining process: It helps to predict future trends &behaviorallowing the business to make proactive knowledge

    based decisions.

    Data mining taxonomy .

    Predictive model Descriptive modelClassification Clustering

    Regression summarization

    Time series analysis Association rules

    Prediction Sequence discovery

    It uses advance algorithmic structure based on artificial

    intelligence ( ANN, Expert system - rule based , case based

    modelbased, GA, DT , NNM & statistical tools along with

    search engines to predict or describe the behavior .

    Using Customer tracker an organization can do

  • 8/7/2019 CRM power point

    77/82

    Slides not for cirulation 77

    Profile key contacts.Schedule activities and view tickler lists.

    Generate, distribute and store customer

    correspondence.

    Create, store and track customer contracts.

    View customer project lists and support tickets.Identify, track and manage opportunities.

    Sales executives and administrators can leverage

    views of Pending Pipeline, Win / Loss Data, and

    Activity Lists.

    Establish a portal for named customer contacts to

    submit project requests and support tickets.

    g g

    following :

  • 8/7/2019 CRM power point

    78/82

    Slides not for cirulation 78

    CRM implementation

    User interface.

    Session managementWork flowDatabaseGraphicsMessagingBusiness

  • 8/7/2019 CRM power point

    79/82

    Slides not for cirulation 79

    Balance Score card is a framework of evaluation used to measure

    the overall effective ness ofan organization.

    The 4 perspectives used to evaluate the overall performance are :

    Customer perspective , Learning & knowledge perspective , Financial

    perspective & Internal process perspective.

    The CRM specific perspectives are : 1. Customer Value perspective ,

    which measures the financialbenefits gained form the customer .

    2. Customer satisfaction perspective which measures the level of

    satisfaction achieved by products & service .

    3. Customer interaction perspective that measures the operational

    excellence of internal process & multi channel management.

    4. Customer knowledge perspective that measures the quality of

    customer knowledge & dataanalysis.

  • 8/7/2019 CRM power point

    80/82

    Slides not for cirulation 80

  • 8/7/2019 CRM power point

    81/82

    Slides not for cirulation 81

    Conclusion :CRM is a business philosophy driving anorganization to build customer centric

    business process & culture to gaincompetitive edge in cut throat competitiondriven market for sustainability & growth.

    Technology is the backbone of anysuccessful CRM process implementation .

  • 8/7/2019 CRM power point

    82/82

    Slid t f i l ti 82


Recommended