scholarly journals Salespeople Performance Evaluation with Predictive Analytics in B2B

2020 ◽  
Vol 10 (11) ◽  
pp. 4036
Author(s):  
Nelito Calixto ◽  
João Ferreira
Keyword(s):  
Performance Evaluation ◽  
Customer Relationship Management ◽  
Predictive Analytics ◽  
Confusion Matrix ◽  
Customer Relationship ◽  
Base Line ◽  
Customer Base ◽  
Bayes Model ◽  
Freight Forwarding ◽  
A Company

Performance Evaluation is a process that occurs multiple times per year on a company. During this process, the manager and the salesperson evaluate how the salesperson performed on numerous Key Performance Indicators (KPIs). To prepare the evaluation meeting, managers have to gather data from Customer Relationship Management System, Financial Systems, Excel files, among others, leading to a very time-consuming process. The result of the Performance Evaluation is a classification followed by actions to improve the performance where it is needed. Nowadays, through predictive analytics technologies, it is possible to make classifications based on data. In this work, the authors applied a Naive Bayes model over a dataset that is composed by sales from 594 salespeople along 3 years from a global freight forwarding company, to classify salespeople into pre-defined categories provided by the business. The classification is done in 3 classes, being: Not Performing, Good, and Outstanding. The classification was achieved based on KPI’s like growth volume and percentage, sales variability along the year, opportunities created, customer base line, target achievement among others. The authors assessed the performance of the model with a confusion matrix and other techniques like True Positives, True Negatives, and F1 score. The results showed an accuracy of 92.50% for the whole model.

Customer Relationship Management (CRM) Implementation: Failures, Successes, And Lessons Learned

2018 ◽  
Vol 4 (04) ◽  
Author(s):  
Dileep Kumar Pagoti ◽  
Sajeev Thomson Mathew ◽  
Karthikeyan Manoharan
Keyword(s):  
Customer Relationship Management ◽  
Relationship Management ◽  
Implementation Process ◽  
Lessons Learned ◽  
Customer Relationship ◽  
Management Technique ◽  
Crm System ◽  
The Relationship ◽  
A Company ◽  
Potential Customers

Our paper discusses an important strategic management technique called Customer Relationship Management (CRM) and talks about the successes and failures companies face while implementing this concept in their organization. Customer Relationship Management (CRM) is a technology used to build relationship between an organization and existing customers or potential customers. CRM system records information about customers, manages marketing campaigns, finds sales opportunities and stores information/ data of the customers. This makes it easy to satisfy the customers, improve the relationship with the customer, increase sales, and improve the organization’s profitability. Another important feature discussed in the paper is the Scope of CRM and what roles do various entities play in the success of maintaining positive relationships with customers. In addition to this, our paper also dives into the implementation process of CRM in a company and the various software used in the real world. We also venture into the positive and negative aspects of implementing CRM in your company and where you can go right or wrong. Prime examples of various companies facing success or failures are mentioned in detail to help understand the effects of CRM implementation.

scholarly journals CUSTOMER RELATIONSHIP MANAGEMENT (CRM) DAN APLIKASINYA DALAM INDUSTRI MANUFAKTUR DAN JASA

2016 ◽  
Vol 3 (2) ◽  
Author(s):  
Edwin Agung Wibowo
Keyword(s):  
Customer Relationship Management ◽  
Relationship Management ◽  
Customer Relationship ◽  
Business Relationship ◽  
A Company

Customer Relationship Management (CRM) is one of the ways to maintain continuous relationship between a  company and its stakeholders as well as its shareholder. A lot of companies are using CRM to maintain its relationship with the customers. By using CRM, the companies will be able to find out their customers’ needs and wants so that emotionally they can be involved with each other. This enables them to have a two-way communication. As a result, they will have close and open business relationship which makes the customers, especially, loyal to the companies; and they will not easily change their preference to another product or brand.    

scholarly journals Application of E-CRM in Salon Business in Increasing Loyalty and Service to Customers

2020 ◽  
Vol 4 (2) ◽  
pp. 268-275
Author(s):  
Nur’Ahya Anisa ◽  
Yuliazmi Yuliazmi ◽  
Grace Gata
Keyword(s):  
Customer Relationship Management ◽  
Relationship Management ◽  
Customer Relationship ◽  
Web Based ◽  
Existing Problems ◽  
Crm System ◽  
Provision Of Services ◽  
Number Of Customers ◽  
A Company ◽  
Loyal Customers

D'Moze Salon is a company engaged in the sale of salon services established in 2009 with its first branch located in Tanjung Duren, West Jakarta. Some of the factors faced by D 'Moze Salon are handling verbally delivered complaints, a large number of customers visit make a long waiting list for treatment, and it is difficult to identify and retain loyal customers. Implementing CRM is one way for companies to be able to create good relationships with customers and mutual benefits. Along with the development of information technology requires companies to apply technology in business because business competition is increasingly high. By applying the Electonic Customer Relationship Management (E-CRM) model that provides a means of interface for customers that can help solve existing problems so that they can benefit both customers and the company. The interface provided is a web-based E-CRM system created with the PHP programming language and MySQL database. Using this E-CRM system D'Moze Salon is easier to manage the provision of services so the level of customer satisfaction increases also their loyalty. Thus, complaints will be reduced, testimonials from satisfied customers are increasing. This will capture potential new customers to choose D’Moze as the salon for treatment.  

A Customer Relationship Management System to Target Customers at Cisco

2011 ◽  
pp. 209-221
Author(s):  
Rahul Bhaskar
Keyword(s):  
Marketing Strategy ◽  
Customer Relationship Management ◽  
Management System ◽  
Relationship Management ◽  
Customer Relationship ◽  
A Company

This case describes the implementation of an Internet empowered Customer Relationship Management (CRM) at Cisco Systems Inc. After describing the organizational background of Cisco, the case takes the student into the issues that the executives faced after the market crash in 2001. John Chambers, Cisco CEO, and his team decided to strengthen Cisco’s relationship with the customers so that the company could emerge stronger when the markets recovered. Questions are raised as to the implementation of technology and supporting processes in a company that traditionally had not considered CRM as its core marketing strategy.

Four Eras of CRM Selling

2017 ◽  
pp. 939-957 ◽  
Author(s):  
Cindy Marie Gordon
Keyword(s):  
Big Data ◽  
Customer Relationship Management ◽  
Productivity Growth ◽  
Predictive Analytics ◽  
Relationship Management ◽  
Customer Relationship ◽  
Sales Professionals ◽  
Sales Organizations ◽  
And Mathematics ◽  
Sales Quotas

This chapter examines the evolution of selling, as well as the software solutions that sales professionals have used to support Customer Relationship Management (CRM) practices. Tracing over four eras of selling, spanning 30 years, including product to solution selling, customer centric selling, social selling, and big data: predictive analytics selling. This chapter examines the stark reality that after three generations of CRM: less than 50% of sales organizations do not achieve their sales quotas. It is time to seriously challenge the current approaches to Customer Relationship Management (CRM), as quota attainment is seriously underperforming, despite what sales software leaders espouse. Research from CSO Insights, Accenture (2013), and Sales Choice (2014) is compelling to pause to Think Big and Smarter! The next era's growth resides in Big Data and Predictive Analytics as advanced sciences and mathematics will pave the way to unlock productivity growth challenges that have plagued the first three eras.

Data-Driven Customer Centricity

2015 ◽  
pp. 157-174
Author(s):  
Othman Boujena ◽  
Kristof Coussement ◽  
Koen W. de Bock
Keyword(s):  
Competitive Advantage ◽  
Customer Relationship Management ◽  
Predictive Analytics ◽  
Relationship Management ◽  
Customer Behavior ◽  
Customer Relationship ◽  
Data Driven ◽  
Customer Data ◽  
Business Environments ◽  
Customer Centricity

Customer relationship management (CRM) is becoming a very hot topic nowadays in academia and business environments. Indeed, companies are constantly searching for new innovative ways to create or maintain their competitive advantage. Due to the recent advances in Internet and technology, CRM predictive analytics is becoming an important tool in the toolset of the marketer. It is the practice of using the huge volumes of historical customer data to predict future customer behavior. This chapter introduces the reader to the shift towards a data-driven customer centricity approach, where marketers act upon what they know, rather than upon what they think.

scholarly journals APPLICATION OF CUSTOMER RELATIONSHIP MANAGEMENT SYSTEMS IN LITHUANIAN MOBILE TELECOMMUNICATIONS COMPANIES / RYŠIŲ SU KLIENTAIS VALDYMO SISTEMOS TAIKYMO PRIVALUMAI IR TRŪKUMAI LIETUVOS VIEŠOJO JUDRIOJO TELEFONO RYŠIO ORGANIZACIJOSE

2013 ◽  
Vol 5 (1) ◽  
pp. 29-37
Author(s):  
Laura Uturytė-Vrubliauskienė ◽  
Mantas Linkevičius
Keyword(s):  
Customer Relationship Management ◽  
Information Technologies ◽  
Relationship Management ◽  
Modern Society ◽  
Customer Relationship ◽  
Management Systems ◽  
Business World ◽  
A Company ◽  
Telecommunications Companies ◽  
Operational Capacity

Global investments in information technologies are constantly growing as the result of quick changes in technologies, globalization process, accelerating pace of life and increase in the importance of information to the modern society. Thus, the latest information technologies and systems are emphasized as one of the most important features of competitive ability of an organisation. As information technologies are getting more and more important in determining the advantage of a company in the business world, CEOs of organisations should pay more attention to implementation of systems that contribute to operational capacity of the entire organisation. In order to ensure success of an organisation, it is important to look for new investment solutions helping companies to develop individualized and differentiated ways of interaction with customers, ensuring their loyalty and allowing to maintain competitiveness in the market. More and more often, customer relationship management systems are chosen to achieve these aims. These systems are applied for business to efficiently manage relations with customers of a company; they help increasing the benefit obtained by every supplier or customer to the maximum and improving the results of the entire activity. Due to the increase in the number of organisations implementing customer relationship management systems (CRM), it is becoming important to study and evaluate these technologies and their influence. This would help to better understand the present problems related with customer relationship management (CRM) systems. Santrauka Šiandienėje visuomenėje, vykstant sparčiai technologijų kaitai, globalizacijos procesui, spartėjant gyvenimo tempui ir didėjant informacijos svarbai, informacinėms technologijoms skiriamos investicijos nuolatos auga visame pasaulyje. Todėl, naujausios informacinės technologijos ir sistemos iškyla kaip vienas iš svarbiausių organizacijos konkurencingumo bruožų. Pastaraisiais metais, mokslinėje literatūroje vis dažniau galima rasti tyrimų pavyzdžių, nagrinėjančių ryšių su klientais valdymo sistemas (CRM) kaip kokybiškai naują informacinę technologiją. Tyrinėjimai šioje srityje leistų geriau suvokti esamas problemas, susijusias su ryšių su klientais valdymo (CRM) sistemomis ir taip užpildyti literatūroje esančią spragą. Straipsnio tikslas – išanalizuoti literatūros, susijusios su ryšių su klientais valdymo sistemomis (CRM), šaltinius, ir, remiantis organizacijų požiūriu, ištirti ir įvertinti ryšių su klientais valdymo sistemos (CRM) taikymo privalumus ir trūkumus. Siekiant įvardinti motyvuojančius faktorius, skatinančius organizacijas diegtis ryšių su klientais valdymo sistemas (CRM), buvo atliktas tyrimas. Pasitelkus anketą buvo apklausti visi ryšių su klientais valdymo sistemos (CRM) ekspertai, dirbantys Lietuvos viešojo judriojo telefono ryšio organizacijose. Remiantis tyrimo rezultatais nustatyta, kad svarbiausi bei reikšmingiausi šioms organizacijoms motyvacijos veiksniai yra: nesugebėjimas sistemiškai kaupti ir analizuoti duomenis (60%), pardavimo galimybių trūkumas (40%), nesugebėjimas tinkamai koordinuoti darbus (40%). Tyrimo metu nustatyta, jog ryšių su klientais valdymo sistemą (CRM) ekspertai įvertino kaip nesudėtingą naudoti (75%). Dažniausiai šią sistemą įsidiegusių organizacijų susiduria su tokiomis problemomis kaip neefektyvus ryšių su klientais valdymo sistemos (CRM) galimybių išnaudojimas, taip pat, šios sistemos neatitikimas organizacijoms poreikiams, trukdantis sėkmingai naudotis įdiegta sistema.Straipsnis anglų kalba.

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