Course: CRM System & Application Faculty: Majid Kaleem Submitted by: Dania Atif (20201-28102) ASSIGNMENT 1 1|Page Current CRM Practices and Technologies Employed by TechTrendz TechTrendz currently employs basic customer relationship management practices and technologies. They collect limited customer data during the purchase process and use multiple disconnected systems to manage customer interactions. Their marketing efforts are generic and do not leverage customer data for personalization. As a result, TechTrendz faces challenges in managing customer relationships effectively, leading to low engagement rates, customer churn, and limited analytics capabilities. How Customer Interactions Are Currently Managed and Data Collected Customer interactions are currently managed through various channels, including email, phone, and social media. However, these interactions are not integrated, and customer data is siloed in different systems. This fragmentation makes it difficult for TechTrendz to gain a holistic view of customer behavior and preferences. The company collects basic customer information during the purchase process, such as name, email address, and shipping address. However, they do not gather comprehensive data on customer preferences, browsing behavior, or purchase history. This lack of data limits TechTrendz's ability to personalize marketing campaigns, provide targeted customer support, and identify cross-selling or upselling opportunities Data Sources to Create Comprehensive Customer Profiles To create comprehensive customer profiles, TechTrendz should utilize a variety of data sources, including: Purchase history: This includes data on the products purchased, purchase frequency, and order value. Website behavior: This includes data on pages visited, products viewed, and items added to the cart. Customer feedback: This includes data from surveys, reviews, and customer support interactions. Social media data: This includes data on customer interactions on social media platforms, such as likes, comments, and shares. 2|Page By integrating data from these sources, TechTrendz can gain a 360-degree view of each customer and create personalized experiences that drive engagement, retention, and satisfaction. How CRM Can Enhance Customer Engagement, Retention, and Satisfaction CRM can significantly enhance customer engagement, retention, and satisfaction by: Personalizing marketing campaigns: CRM can be used to segment customers based on their preferences and behavior, and then send targeted marketing emails, product recommendations, and special offers. Providing proactive customer support: CRM can be used to identify customers who may be at risk of churn and proactively reach out to them with support or offers. Resolving customer issues quickly and efficiently: CRM can be used to track customer support interactions and ensure that issues are resolved quickly and efficiently. Measuring the impact of marketing campaigns: CRM can be used to track customer responses to marketing campaigns and measure their effectiveness. By implementing these CRM strategies, TechTrendz can improve customer relationships, increase customer lifetime value, and drive business growth. Recommendation for a Comprehensive CRM Strategy TechTrendz should implement a comprehensive CRM strategy that includes the following components: 1. Data integration: Integrate all customer data into a single platform to create a unified customer view. 2. Customer segmentation: Segment customers based on their preferences, behavior, and demographics. 3. Personalized marketing: Send targeted marketing campaigns that are tailored to each customer segment. 4. Proactive customer support: Identify at-risk customers and proactively reach out to them with support or offers. 3|Page 5. Customer support automation: Automate repetitive customer support tasks to improve efficiency. 6. Analytics and reporting: Track customer interactions, measure the effectiveness of marketing campaigns, and identify trends. 7. CRM training: Train employees on how to use the CRM system and leverage customer data to improve customer relationships. 4|Page