Home

What are some advantages of CRM?

What are some challenges of CRM?

Some companies that employ CRM

How is IT used to improve customer service?

Providers of CRM software Packages

Sources



Companies



Boots the Chemists
* comprises 20% of the prescription market in the UK
* comprises 26% of the health and beauty market in the UK
* uses an Advantage Card program to reward customers - presently has 12 million cardholders
* company statistics show that cardholders spend 50% more than non-cardholders
* within the first 18 months of the program's existance, the company experienced an increase in turnover of 18%

John Lewis Partnerships
* owns 25 department stores and 130 Waitrose supermarkets in the UK
* created the "John Lewis" brand name
* focuses business on good business practice and the principles of customer service
* aims to create relationships with customers in their mid-20's and grow with them and eventually become the "family favourite" store of choice.

Standard Life
* one of the world's leading mutual financial service groups
* located in a large number of countries around the world
* consists of 4 companies: Standard Life Assurance, Standard Life Investments, Standard Life Bank and Standard Life Healthcare
* were originally considered complex and difficult to deal with, remote, uncaring, inflexible, and having systems designed to benefit the company and not the customers.
* the company was able to fix this by changing their business practices according to customers' financial needs.
* were able to sucessfully integrate all 4 databases into a single customer view environment and create web personalization which allowed profiling.




Done by: Geraldine Jesuthasan, Nora Man and Melissa Smith