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customer relationship management
(redirected from Relationship management)

   Also found in: Wikipedia, Hutchinson 0.01 sec.

customer relationship management

See CRM.


(business)Customer Relationship Management - (CRM, CIS, Customer Information Systems, Customer Interaction Software, TERM, Technology Enabled Relationship Manager) Enterprise-wide software applications that allow companies to manage every aspect of their relationship with a customer. The aim of these systems is to assist in building lasting customer relationships - to turn customer satisfaction into customer loyalty.

Customer information acquired from sales, marketing, customer service, and support is captured and stored in a centralised database. The system may provide data-mining facilities that support an opportunity management system. It may also be integrated with other systems such as accounting and manufacturing for a truly enterprise-wide system with thousands of users.


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A recent YOUcentric survey of senior executives responsible for e-business and customer relationship management service stated that the single-most important factor in evaluating a customer relationship management solution is the ability to integrate with existing technology, followed by customization.
IMS HEALTH (NYSE: RX) has announced that its Strategic Technologies unit will implement leading-edge Pharmaceutical Relationship Management (PRM) solutions for Wyeth Lederle Portugal.
This brief analyses the strengths and weaknesses of Microsoft's Customer Relationship Management offering.
 
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