Enough of background now something for which you are here.
CRM stands for Customer Relationship Management. We come across CRM everyday in our life but we seldom notice it. It is a very basic concept of any business even a street peddler selling trivial stuff uses CRM in on form or the other (I know it sounds absurd right now, but just wait a little more) and still we never notice it.
An example would explain what exactly I mean
When we go to a our shop across the street and we buy say a toothpaste or a tea bag the shop owner knows that we prefer a specific brand and without our asking he presents us with a brand that we want. This in layman terms can defined as a CRM. Now when we talk about MNC's and other really big companies they want to provide their customers with similar personalised experiences so they also depend on CRM for these needs.
We all know that in today's cut throat competition where World is a global village the most difficult thing to do for a business is to retain customers. Dynamics of today's business change very quickly we need to be flexible to accommodate changes may be on daily basis if required. This is where Siebel comes into the picture. It helps us manage every transaction that we have with our customer using technologies like Siebel Analytics forecast what the demand will be in few years to come.It helps in managing business transaction of mammoth level with ease. siebel can be used by wide variety of business including sales, marketing, callcenter etc.
In next few posts I will discuss more about siebel and it various applications.
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