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Sales and marketing are business terms that are often used interchangeably. Selling and marketing, however, are not one and the same. In fact, marketing and sales are two completely different activities. A sale is the act of selling a product or service in return
Marketing is identifying customer needs, wants and desire converting them into products and services Marketing is the set of processes that include
Stages in sales process: Sales lead Need identification Qualified prospect Proposal Negotiation Closing Follow up and service after the sale
Customer relationship management (CRM) is an information technology-driven strategy companies use to get and retain a customer.
Helps in managing a companys interactions with customers, clients, and sales prospects.
It involves using technology to organize, automate, and synchronize business processesprincipally sales activities
Benefits of CRM
SHORTEN LEAD TIME
categories.
1. Outsourced solutions Application service providers provide web based CRM solutions for businesses. Company does not have the in-house skills necessary to tackle the job from scratch.
2. Off-the-shelf solutions Software companies offer CRM applications that integrate with existing packages. Cut-down versions of such software may be suitable for smaller businesses. Cheapest option as you are investing in standard software components. Software may not always do precisely what you want and you may have to trade off functionality for convenience and price.
3. Bespoke software Customize or create a CRM system and integrate it with existing software. Expensive and time consuming. Requirements to be specified carefully . Most expensive option
Operational Module a. Campaign Planning b. Campaign Execution c. Lead generation and classification d. Sales e. Service
Collaborative Module It handles direct interaction with the customers. Analytical Module It focuses on analyzing the database
Implementation
Implementation of CRM strategy is a six stage process : Stage 1 - Collecting information Stage 2 - Storing information Stage 3 - Accessing information Stage 4 - Analyzing customer behavior Stage 5 - Marketing more effectively Stage 6 - Enhancing the customer experience
The movement of goods and services from the source through a distribution channel, right up to the final customer, consumer, or user. Distribution Channel: The chain of businesses or intermediaries through which a good or service passes until it reaches the end consumer. Channels are broken into direct and indirect forms.
Intensive Distribution
Exclusive Distribution
Distribution Intensity
Selective Distribution
Producer Retailer Retailer Retailer Retailer Retailer Retailer Retailer Retailer Retailer
Retailer
Retailer
Retailer
Producer
Retailer
Retailer
Retailer
Retailer
Retailer
Retailer
Producer Retailer
Direct Sale P R O D U C E R Retailer Wholesaler Agent Agent Agent/Dealer Agent/Dealer Wholesaler Wholesaler Retailer Retailer Retailer Retailer Retailer C O N S U M E R
Other functions are: Disintermediation Being able to conduct business 24 x 7 x 365 Access the global marketplace.
WALMART
Automated Distribution System
CONCLUSION
Sales & Distribution is considered as the backbone of every company and technology is the most important ingredient to make it firm and strong. Appropriate CRM software can make the difference between keeping a customer and loosing a customer. Low-cost distribution channels, convenience for the customer, the quality of the goods and services to be delivered to the customer, and the speed of the delivery have been made possible with Information technology in distribution.
References
http://www.vinove.com/mindscape/business/ customer-relationship-management-system/ http://www.smallbusinessnotes.com/marketi ng-your-business/the-sales-process.html http://en.wikipedia.org/wiki/Sales_process http://en.wikipedia.org/wiki/Distribution_(bu siness) http://www.distributionteam.com/
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