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Task 5. Implementing a New Technology The company is currently looking into ways it can become more modern and efficient by integrating new technology into work activities. Currently,D&N Printingdoes...

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Task 5. Implementing a New Technology



The company is currently looking into ways it can become more modern and efficient by integrating new technology into work activities. Currently,D&N Printingdoes not use a digital Customer Relationship Management (CRM) system. The company records its clients’ details and potential clients (leads) in paper files. The business accounting system records sales transaction details. The ecommerce website captures details of online customers and their online transactions. The Sales and Marketing and the Business Development Teams have, in the past, brought all this information together from the various sources into one spreadsheet. From this spreadsheet, reports are produced for upper management, sales and marketing strategists as well as the business development team. This process is time-consuming, it involves double-handling and is prone to error.



It's time for some innovation and change!



There are four key types of innovation:




Product or service Innovation

– the development of new products and services or theenhancement of existing products or services




Process Innovation

– improving processes; a focus oncontinuous improvement facilitates organisational efficiency and effectiveness




Marketing Innovation

- creating or finding new markets; findingnew or different ways to advertise, promote and /or package services andproducts




Management Innovation

– the way the business is managed & organisationalstructures



The management team wantD&N Printingto move with the times and to implement aprocess innovationwith a Customer Relationship Management system - a CRM.



You are to do some research into CRMs and then download and complete this


Implementing a New Technology template



Download Implementing a New Technology template


to answer the questions below.



1.


Use a search engine to research and identify some benefits of a Customer Relationship Management system.



2.


Currently, details of new customer leads that the business development team meet on the road OR derive from the company’s e-commerce website, are recorded in paper files by the Sales & Marketing team. The Business Development team also derives information from the transaction details of purchases recorded in the company’s accounting system. Describe how integrating a CRM with both the ecommerce website and the accounting system could improve procedures forD&N Printing.



3.


With regard to facilitating the integration of a new technology, identify six typical challenges of integrating a new technology.HINT:Refer to your Learner Guide



4.


Refer to the organisational chart below and identify the key stakeholders who should work together to assist with a transition to an integrated CRM system.



5.


Again refer to the organisational chart. Identify by role those who will need training to use a new CRM system?







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Answered 4 days After Jul 11, 2023

Solution

Ayan answered on Jul 16 2023
36 Votes
Implementing a New Technology
1. Use a search engine to research and identify some benefits of a Customer Relationship Management system.
    Businesses looking to enhance their client relationships and operational effectiveness can get a variety of advantages from a CRM system. A CRM system helps businesses to acquire useful insights into their client base by centralising and organising customer data, resulting in improved customer service, greater sales, and data-driven decision-making. The capacity to enhance customer relationship management is one of a CRM system's main benefits. Businesses may track client interactions, purchasing history, and preferences through a single, integrated platform, enabling more individualised and targeted communication. Better customer service and higher customer satisfaction follow from this. A CRM system also optimises lead handling and sales pipeline tracking, streamlining sales operations. Leads may be prioritised, follow-ups can be automated, and opportunities can be more quickly identified by sales professionals. The system's reporting and analytics capabilities help management to make data-driven decisions and create successful plans while keeping track of sales performance. CRM systems also make it easier for the departments of sales, marketing, and customer support to work together. Teams may collaborate more effectively, assuring consistent customer experiences and averting duplication of effort by exchanging real-time customer information. An all-inclusive solution to manage client contacts, increase sales productivity, and promote organisational effectiveness is provided by a CRM system. Businesses may improve client connections, encourage customer loyalty, and maintain an edge in today's cutthroat market by utilising consumer data efficiently.
2. Cu
ently, details of new customer leads that the business development team meet on the road OR derive from the company’s e-commerce website, are recorded in paper files by the Sales &Marketing team. The Business Development Teamalso derive information from the transaction details of purchases recorded in the company’s accounting system. Describe how integrating a CRM with both the ecommerce website and the accounting system could improve procedures for D&N Printing.
    By simplifying data administration and boosting customer relationship management, integrating a Customer Relationship administration (CRM) system with both the e-commerce website and the accounting system will considerably enhance processes for D&N Printing. First off, a smooth process for gathering and organising new client leads would be made possible by linking the CRM with the e-commerce website. It would be unnecessary to manually enter data into the CRM when potential consumers visited the website or made online purchases since their information would be automatically logged when they did. The sales and marketing teams would have rapid access to the most recent client data thanks to this real-time data synchronisation, enabling prompt follow-up and customised engagements. Second, the business development team would have quick access to vital transaction information and client purchase history by linking the CRM with the accounting system. The team would be able to customise their approach and spot cross-selling or upselling chances because to this comprehensive picture...
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