What does CRM stand for in supply chain?
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24 Citations | The study provides some insights for firms in the process of implementing a supply chain management system. |
119 Citations | Finally, competitive pressure and CRM adoption positively influence CRM routinization. |
06 Jul 2016 30 Citations | Thus, a new approach to perform Customer Relationship Management (CRM) is arising, the Social CRM (SCRM). |
64 Citations | Practical implications – This classification provides a useful tool to supply chain managers... |
CRM activities may be very effective in enhancing customer loyalty for profit. | |
We propose that, for these organizations, supply chain strategy, stakeholder identification and engagement, and relationship management might differentiate SISCM from traditional supply chain management. | |
04 Apr 2016 39 Citations | However, two distinct literature streams, namely sustainable supply chain management and product service systems, seem to offer valuable insights into the investigation of supply chain management in a circular economy. |
24 Citations | The application of supply chain management in construction industry may provide a new solution for resolving these problems from systems perspective. |
To make CRM work through supply chain efficiency, the CRM strategy, the CRM-ERP integration architecture and the trust between supply chain participants shall above all be carefully considered. | |
25 Aug 2009 | Supply chain management is effective in integrating the production, operational, or strategic activities in buyer-seller relationships. |
Contribution of the article: This article addresses the significance of outsourcing the CRM function and provides evidence that buyer trust in its CRM supplier is a critical factor in its utilization of CRM data for organizational learning and firm performance. | |
34 Citations | The discussion suggests that supply‐chain... |
Practical implications: For effective use of CRM data, it is important for buyer firms to develop trust in their outsourced CRM supplier. | |
By measuring CRM performance in terms of the initiation, maintenance, and retention of customer relationships, the study provides a detailed picture of what CRM implementations are capable of achieving. |
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How can crm help?5 answersCRM, or Customer Relationship Management, can help in several ways. It can improve customer services, increase personalized service, be responsive to customer's needs, enable customer segmentation, improve customization of marketing, facilitate multichannel integration, save time, and enhance customer knowledge. Additionally, CRM technologies can be used to achieve stable competitive advantage for companies. In the healthcare industry, CRM can contribute to the accuracy and availability of personal health records, ensuring continuity of care, evidence-based treatment, and preventing medical errors. Furthermore, CRM wellness skills can be integrated into addiction treatment and prevention programs to address the issues of addiction and reduce the impact of the opioid epidemic. Finally, CRM can be utilized in the security core of a networked banking app to provide a secure environment, defend against fraud, and obfuscate protocols and program code.
What are the crm dimensions?5 answersCustomer Relationship Management (CRM) dimensions identified in the abstracts include customer orientation, customer experience, service process, E-commerce, WAP mail services, short message services for mobile, E-business, E-business environment, electronic CRM, data mining, education, power supply industry, long-term cooperation, CRM technology-oriented, customer participation, information sharing, consultation on problems, cultural dimensions, customer interaction management (CIM) capability, customer relationship upgrading (CRU) capability, and customer win-back (CWB) capability.
How did term CRM change over time?3 answersCRM has evolved over time. Initially, CRM software was recognized for its benefits in the enrollment process and throughout the student lifecycle in colleges and universities. In the late 1980s, software for managing relationships with customers started to change lives, leading to the emergence of sales force automation (SFA) and the evolution of customer service, marketing, and e-business into eCRM. However, traditional approaches based on the RFM model faced challenges in applying the method in general scenarios and in analyzing multiple characteristics of customers separately. In recent years, there has been a shift towards in-memory analytics, which allows operational data to be held in a single database for real-time analytical requests. Despite the buzz around CRM and the investments made by companies, many executives struggle to determine the balance between the business value of CRM and its costs, highlighting the need for integrated and dynamic models for evaluating CRM investments.
How the definition of crm changed over the time?4 answersThe definition of CRM has evolved over time. Initially, CRM was seen as a software tool that helped businesses manage customer relationships and improve communication. However, as the concept developed, it became clear that CRM had broader applications beyond just the enrollment process, and it could be used throughout the entire student lifecycle in colleges and universities. In the field of corporate social responsibility (CSR), the lack of a universally accepted definition has hindered its progress. A study analyzing 110 definitions of CSR found that the concept has evolved over six decades, with recurring dimensions including economic, social, ethical, stakeholders, sustainability, and voluntary aspects. This comprehensive understanding of CSR is a result of the field's historical development and the mapping of key terms and their interrelationships. Overall, the definition of CRM has expanded to encompass a broader range of applications and dimensions, reflecting the changing needs and understanding of businesses and organizations.
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