Answered: How can a good CRM system increase…

How can a good CRM system increase profits for a company? Give an example (e.g. hoteh, or retailer, etc.) and explain how CRM help the company increase profit.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter9: Decision Making Under Uncertainty

Section: Chapter Questions

Problem 75P

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Lean Production

The word lean refers to the “slim “that is used in manufacturing for the systematic designing that focuses on minimizing the waste in the manufacturing or production with the constant productivity of the operation. Lean manufacturing was rooted from Toyota Production system a Japanese manufacturing company that works on the approach of minimizing the non-value-added activities and making the production lean.

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Similar questions

How can a good CRM system increase profits for a company?
How does CRM aid in improving customer loyalty?
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