Customer Relationship Management in Retailing
Chapter from the book: Aykaç, Ö. S. & Yılmaz, A. (eds.) 2024. Marketing and Retailing: Transformations of the Digital Age.

Seda Gökdemir Ekici
Sakarya University of Applied Sciences
Tarık Yolcu
Sakarya University of Applied Sciences

Synopsis

In today's business world, customer relationship management (CRM) plays a critical role in enabling businesses to gain a competitive advantage and achieve sustainable success. CRM systems facilitate the collection, analysis, and strategic use of customer data, allowing businesses to deliver more personalized services and enhance customer satisfaction. These systems are not merely technological tools but are considered fundamental elements of customer-centric strategies.

CRM applications serve as effective tools for understanding customer behavior and increasing customer loyalty. Enriched with big data analytics and predictive models, CRM systems assist businesses in providing improved customer experiences while also supporting personalized marketing activities. This, in turn, enhances customer satisfaction and fosters long-term loyalty. Loyalty programs, in particular, emerge as crucial instruments in establishing continuous and strong relationships with customers.

Supported by data analytics and digital technologies, CRM systems offer businesses significant advantages in areas such as customer segmentation, personalization, and the optimization of marketing strategies. Additionally, they enable businesses to develop proactive approaches. However, the importance of data security and regulatory frameworks cannot be overlooked in this process.

This study explores the significance of CRM systems for businesses, the proactive relationship between data analytics and customer behavior, and the connection between the use of customer loyalty programs and customer retention.

How to cite this book

Gökdemir Ekici, S. & Yolcu, T. (2024). Customer Relationship Management in Retailing. In: Aykaç, Ö. S. & Yılmaz, A. (eds.), Marketing and Retailing: Transformations of the Digital Age. Özgür Publications. DOI: https://doi.org/10.58830/ozgur.pub621.c2683

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Published

December 27, 2024

DOI