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Customer Relations
Management ( CRM )
Lovell
Customer Relations
Management
What is CRM ?
• CRM is the abbreviation for
customer relationship
management.
• It entails all aspects of
interaction that a company has
with its customer, whether it is
sales or service-related.
• It is the process of carefully
managing detailed information
about individual customers in
order to manage loyalty.
Impact of technology on
CRM
• Offer's new ways for companies
to communicate with customers
and collect data about them
• Customer relationships can be
managed electronically
• Helps to market and sell
products effectively
Benefits of CRM
1. Facilitates discovery of
new customers
2. Simplifies the sales and
marketing processes
3. Cost savings
Thank You

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