1. List the customer data elements generated when a customer interacts with an airline by (a) making a reservation, (b) using frequent flyer miles, and (c) completing a flight. How does information from CRM improve these interactions ?
(a) Name, Departure City, Destination City, Departure Date, Return Date, Stopover, Class, No. of passenger (Adult/Children/Infant), etc.
(b) Passport Number, Miles, Expiry date, Membership Tier, Seat Preference, Country of Issue, etc.
(c) Rating, Payment Date, Customer Lifetime Value, Upgrading History, etc.
With CRM, data can be manage in one application and can be use by relevant departments. CRM can help to differentiate customer into different segments. Staff can select target customers (high Customer Lifetime Value), provide relevant services, offer relevant promotions. Customer will find more satisfaction. Relationship between the customer and the company can be retained. The company can gain greater share-of-wallet.
2. What are the benefits of integrating the sales, marketing and customer support function using a single software package and a centralized database ?
Different departments will not have to enter same data as the database is centralized and can be retrieving by all of them. The efficiency is enhanced.
Data in the software can be analyzed and the results can be distributed to different people, systems and touch points.
Profitable customers can be sorted out in order to provide relevant services.
Sales staff will know more about the customers. It helps them to increase productivity.
Customer service requests can be easily assigned and managed.
CRM identifies opportunities for cross-selling, up-selling and product bundling.