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CHAPTER I
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Customer Relationship Management (CRM) is to create a competitive advantage by being the best at understanding, communicating, delivering, and developing existing customer relationships, in addition to creating and keeping new customers. It has emerged as one of the largest management buzzword. Popularized by the business press and marketed by the aggressive CRM vendors as a panacea for all the ills facing the firms and managers, it means different things to different people. CRM, for some, means one to one marketing while for others a call centre. Some call database marketing as CRM. There are many others who refer to technology solutions as CRM. If so, what is CRM? Merchants and traders have been practicing customer relationship for centuries. Their business was built on trust. They could customize the products and all aspects of delivery and payment to suit the requirements of their customers. They paid personal attention to their customers, knew details regarding their customers tastes and preferences, and had a personal rapport with most of them. In many cases, the interaction transcended the commercial transaction and involved social interactions. Even today, this kind of a relationship exists between customers and retailers, craftsmen, artisans essentially in markets that are traditional, small and classified as pre-industries markets. These relationship oriented practices have changed due to industrial revolution.. Businesses adopted mass production, mass communication and mass distribution to achieve economies of scale. Manufactures started focusing on manufacturing and efficient operations to cut costs. Intermediaries like distributors, wholesalers and retailers took on the responsibilities of warehousing, transportation, distribution and sale to final customers.
This resulted in greater efficiencies and lower costs to manufacturers but brought in many layers between them and the customers. The resulting gap reduced direct contacts and had a negative impact on their relati But how do you not lag when customers are moving lightning fast to demand constant changes in the speed to complete their transactions? How do you keep your customers when the move to another company is nothing more than a mouse click and a minute away? CRM is the answer. Customer Relationship Management, a strategy that leverages very advanced technologies is the way to cut to the 21st Century business chase.
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History
Customer Relationship Management (CRM) is one of those magnificent concepts that swept the business world in the 1990s with the promise of forever changing the way businesses small and large interacted with their customer bases. In the short term, however, it proved to be an unwieldy process that was better in theory than in practice for a variety of reasons. First among these was that it was simply so difficult and expensive to track and keep the high volume of records needed accurately and constantly update them. In the last several years, however, newer software systems and advanced tracking features have vastly improved CRM capabilities and the real promise of CRM is becoming a reality. As the price of newer, more customizable Internet solutions have hit the marketplace; competition has driven the prices down so that even relatively small businesses are reaping the benefits of some custom CRM programs. In the beginning The 1980s saw the emergence of database marketing, which was simply a catch phrase to define the practice of setting up customer service groups to speak individually to all of a companys customers. In the case of larger, key clients it was a valuable tool for keeping the lines of communication open and tailoring service to the clients needs. In the case of smaller clients, however, it tended to provide repetitive, survey-like information that cluttered databases and didnt provide much insight. Rapid development and evolution of CRM. These include: 1. The growing de-intermediation process in many industries due to the advent of sophisticated computer and telecommunication technologies that allow producers to directly interact with end- customers. For example, in many industries such as airlines, banks insurance, software or household appliances and even consumables, the de-intermediation process is fast changing the nature of marketing and consequently making relationship marketing more popular. Databases and direct marketing tools give them the means to individualize their marketing efforts. 2. Advances in information technology, networking and manufacturing technology have helped companies to quickly match competition. As a result product quality and cost are no longer significant competitive advantages.
3. The growth in service economy. Since services are typically produced and delivered at the same institution, it minimizes the role of the middlemen.
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4. Another force driving the adoption of CRM has been the total quality movement. When companies embraced TQM it became necessary to involve customers and suppliers in implementing the program at all levels of the value chain. This needed close working relationships with the customers. Thus several companies such as Motorola, IBM, General Motors, Xerox, Ford, Toyota, etc formed partnering relations with suppliers and customers to practice TQM. Other programs such as JIT and MRP also made use of interdependent relationships between suppliers and customers. 5. Customer expectations are changing almost on a daily basis. Newly empowered customers, who choose, how to communicate with the companies various available channels? Also nowadays consumers expect a high degree of personalization.
6. Emerging real time, interactive channels including e-mail, ATMs and call centre that must be synchronized with customers no electronic activities. The speed of business change, requiring flexibility and rapid adoption to technologies. 7. In the current era of hyper competition, marketers are forced to be more concerned with customer retention and customer loyalty.
8. As several researchers have found out retaining customers is less expensive and more sustainable competitive advantage than acquiring new ones. 9. On the supply side it pays more to develop closer relationships with a few suppliers than to develop more vendors.
10. The globalization of world marketplace makes it necessary to have global account management for the customers.
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CRM is concerned with creating improved shareholder value through the use of customer centric business processes and the development of appropriate relationships with consumers.
Customer Relationship Management (CRM) is an information industry term for methodologies, software, and usually Internet capabilities that help an enterprise manage customer relationships in an organized and efficient manner. In many cases, an enterprise builds a database about its customers. This database describes relationships in sufficient detail so that management, salespeople, and customer service reps can access information; match customer needs with product plans and offerings; remind customers of service requirements; know what other products a customer had purchased; etc.
The long-term success of the organization and improved value for its shareholders lies to a very great extent in the companys ability to develop and sustain genuine relationships with its customer. -James G. Barnes
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The benefits of customer relationship management are abounding. It allows organizations not only to retain customers, but enables more effective marketing, creates intelligent opportunities for cross selling and opens up the possibility of rapid introduction of new brands and products. To be able to deliver these benefits, organizations must be able to customize their product offering, optimize price, integrate products and services and deliver the service as promised and demanded by the customer base. Keeping the customer happy is obviously one way of ensuring that they stay with organization. However, by maintaining an overall relationship with customer, companies are able to unlock potential of their customer base and maximize contribution to their business. Based on successful CRM implementations, the following benefits seem reasonable: These tools have been shown to help companies attain these objectives
Streamlined sales and marketing processes Higher sales productivity Added cross-selling and up-selling Improved service, loyalty, and retention Increased call center efficiency Higher close rates Better profiling and targeting Reduced expenses Increased market share Higher overall profitability Marginal costing
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CRM, in its broadest sense, means managing all interactions and business with customers. This includes, but is not limited to, improving customer service. A good CRM program will allow a business to acquire customers, service the customer, increase the value of the customer to the company, retain good customers, and determine which customers can be retained or given a higher level of service. A good CRM program can improve customer service by facilitating communication in several ways: Identify how each individual customer defines quality, and then design a service strategy for each customer based on these individual requirements and expectations. Provide a fast mechanism for managing and scheduling follow up sales calls to assess post-purchase cognitive dissonance, repurchase probabilities, repurchase times, and repurchase frequencies. Provide a mechanism to track all points of contact between a customer and the company, and do it in an integrated way so that all sources and types of contact are included, and all users of the system see the same view of the customer (reduces confusion). Help to identify potential problems quickly, before customer occur Understand customer beater need Maintain long term customer relationships long Be able to pursue a strategy of relationship marketing Service customization Improved response to client requests Improving field service Event identification
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CRM of Types/variations
(a) Sales force automation The sales force automation (SFA) system provides an array of capabilities to streamline all phases of the sales process, minimizing the time that sales representatives need to spend on manual data entry and administration. This allows them to successfully pursue more clients in a shorter amount of time than would otherwise be possible. At the heart of SFA is a Content management system for tracking and recording every stage in the sales process for each prospective client, from initial contact to final disposition. Many SFA applications also include insights into opportunities, territories, sales forecasts and workflow automation, quote generation, and product knowledge. Newly-emerged priorities are modules for Web 2.0 ecommerce and pricing. (b) Marketing Systems for marketing (also known as marketing automation) help the enterprise identify and target its best clients and generate qualified leads for the sales team. A key marketing capability is tracking and measuring multichannel campaigns, including email, search, social media, and direct mail. Metrics monitored include clicks, responses, leads, deals, and revenue. (c) Customer Service and Support Recognizing that service is an important differentiator, organizations are increasingly turning to technology platforms to help them improve their clients experience while aiming to increase efficiency and minimize costs.Even so, a 2009 study revealed that only 39% of corporate executives believe their employees have the right tools and authority to solve client problems. The core for these applications has been and still is comprehensive call center solutions, including such features as intelligent call routing, computer telephone integration (CTI), and escalation capabilities. (d) Analytics Relevant analytics capabilities are often interwoven into applications for sales, marketing, and service. These features can be complemented and augmented with links to separate, purpose-built applications for analytics and business intelligence. Sales analytics let companies monitor and understand client actions and preferences, through sales forecasting, data quality, and dashboards that graphically display
Marketing applications generally come with predictive analytics to improve segmentation and
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targeting, and features for measuring the effectiveness of online, offline, and search marketing campaign. Web analytics have evolved significantly from their starting point of merely tracking mouse clicks on Web sites. By evaluating buy signals, marketers can see which prospects are most likely to transact and also identify those who are bogged down in a sales process and need assistance. Marketing and finance personnel also use analytics to assess the value of multi-faceted programs as a whole. These types of analytics are increasing in popularity as companies demand greater visibility into the performance of call centers and other support channels,[4] in order to correct problems before they affect satisfaction levels. Support-focused applications typically include dashboards similar to those for sales, plus capabilities to measure and analyze response times, service quality, agent performance, and the frequency of various issues. (e) Integrated/Collaborative Departments within enterprisesespecially large enterprisestend to function in their own little worlds.[6] Traditionally, inter-departmental interaction and collaboration have been infrequent and rivalries not uncommon. More recently, the development and adoption of the tools and services has fostered greater fluidity and cooperation among sales, service, and marketing. This finds expression in the concept of collaborative systems which uses technology to build bridges between departments. For example, feedback from a technical support center can enlighten marketers about specific services and product features clients are asking for. Reps, in their turn, want to be able to pursue these opportunities without the time-wasting burden of re-entering records and contact data into a separate SFA system. Conversely, lack of integration can have negative consequences: system isnt adopted and integrated among all departments, several sources might contact the same clients for an identical purpose. Owing to these factors, many of the top-rated and most popular products come as integrated suites. (f) Small Business Basic client service can be accomplished by a contact manager system, an integrated solution that lets organizations and individuals efficiently track and record interactions, including emails, documents, jobs, faxes, scheduling, and more. This kind of solution is gaining traction with even very small businesses, thanks to the ease and time savings of handling client contact through a centralized application rather than several different pieces of software, each with its own data collection system. In contrast these tools usually focus on accounts rather than individual contacts. They also generally include opportunity insight for tracking sales pipelines plus added functionality for marketing and service. As with larger enterprises, small businesses are finding value in online solutions, especially for mobile and telecommuting workers.
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(g) Social Media This is because people are using these social media sites to share opinions and experiences on companies, products, and services. As social media isnt moderated or censored, individuals can say anything they want about a company or brand, whether pro or con.Increasingly, companies are looking to gain access to these conversations and take part in the dialogue. More than a few systems are now integrating to social networking sites. Social media promoters cite a number of business advantages, such as using online communities as a source of high-quality leads and a vehicle for crowd sourcing solutions to client-support problems. Companies can also leverage client stated habits and preferences to personalize and even hyper-target their sales and marketing communications Some analysts take the view that business-to-business marketers should proceed cautiously when weaving social media into their business processes. These observers recommend careful market research to determine if and where the phenomenon can provide measurable benefits for client interactions, sales, and support. [h] Non-profit and Membership-based Systems for non-profit and membership-based organizations help track constituents and their involvement in the organization. Capabilities typically include tracking the following: fundraising, demographics, membership levels, membership directories, volunteering and communications with individuals. Many include tools for identifying potential donors based on previous donations and participation. In light of the growth of social networking tools, there may be some overlap between social/community driven tools and non-profit/membership tools.
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CRM requires an integration of a firm's resources; people, operations and marketing capabilities to deliver added value to the customers. CRM should provide businesses and organizations with a single view of their customers and across irrespective of the interactive channel or medium through which the customer accesses the service or product. For example, a business (e.g. hotel) customers profile and personal references should be accessible to the business (or hotel) irrespective of channel i.e. whether the customer books online, calls in or walks into any location should not make a difference to the service provided based on the personal profile of the business client. It is enabled through: Information Processes Technology Applications
A firm that wants to implement CRM must align it's business processes cross-functionally in the best possible way to allow increased customer focus with an aim to deliver added value to the customer. To implement CRM, the following steps must be followed: Develop a CRM framework Align current business processes Design new cross-functional business processes (where required) Develop Functional Specifications (client-side services) Develop Technical Specifications Match Technical Specifications to available technology (Systems, ) Product Configuration Data Migration and Integration Staff Training
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The basic customer relationship management model for a small business or any business for that matter contains a set of seven basic components. The following discusses each component: 1. A database for customer activity - Ideally the database should contain information about the following: Transactions - including a complete purchasing history with accompanying details Customer contacts from multiple channels and contexts Descriptive information for segmentation and other data analysis purposes Response to marketing stimuli - whether or not the customer responded to a direct marketing initiative, a sales contact, or any other direct contact This data should also be collected over time.
2. Analyses of the database - For many years customer databases have been analyzed with the intent to define customer segments. However, taking a larger number of customers and forming groups or segments presumes a marketing effort towards an 'average' customer in the group. With the range of marketing tools available that can reach customers one at a time through personalized messages, there is less need to consider the usual market segmentation schemes. Instead there is an increase in attention being paid to understanding each "row", or customer, of the database, and what he or she can deliver to the company in terms of profit. The idea is that each row/customer of the database should be analyzed in terms if current and future profitability to the firm. 3. Given the analyses, decisions about which customers to target - Looking at past and current purchases a model of the profitability of a customer can be used by the marketing manager to target specific customers. The profit that a customer has produced for the firm is the sum of the margins of all products purchased over time less the cost of reaching that customer. These costs include any that can be broken down at the individual customer level such as direct mail, sales calls etc. Cross-selling is also becoming of interest to marketers, with complementary products being displayed on the same physical page in a hard-copy catalogue or virtual page on a Web site.
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4. Tools for targeting the customers - Once the construction and analysis of the customer information contained in the database has been completed, the next step is to consider which customers to target depending on the firms marketing programs. This could be through segmentation, with the customers in the most desired segments targeted first. Individual customers could be targeted that are projected to be profitable for the company. The goal is to use the customer profitability analysis to separate customers that will provide the most long-term profits from those that are currently hurting profits. Mass marketing is useful for generating awareness, but is poorly-suited for CRM due to its impersonal nature. Rather than talking "at" customers companies are urged to talk "to" their customers. In particular, "1-to-1" marketing has come to mean using the Internet to facilitate individual relationship building with customers. 5. How to build relationships with the targeted customers - The overall goal of relationship programs is to deliver a higher level of customer satisfaction than competing firms deliver. Research has shown that there is a strong, positive relationship between customer satisfaction and profits. Relationship programs include: Customer service: With more choices available for customers today, customer service must receive a high priority within the company. Any contact or "touch point" that a customer has with a firm is a customer service encounter and has the potential to gain repeat business and help CRM or have the opposite effect. Loyalty/Frequency Programs: Loyalty programs provide rewards to customers for repeat purchasing. However, a recent McKisey study identified the three leading problems with these programs: they are expensive, mistakes can be difficult to correct as customers see the company as taking away benefits, and also there are large questions about whether they work to increase loyalty or average spending behavior. A further problem is that due to the ubiquity of these programs, it is increasingly difficult to gain competitive advantage. Customization: This notion implies the creation of products and services for individual customers, and not simply Community: The Internet is allowing both online and offline businesses to build a network for exchanging product-related information and to create relationships between the customers and company or brand. The goal is to take a prospective relationship with a product and turn it into something more personal. This allows the manager to build an environment which makes it more difficult for the customer to leave the "family" of other people who also purchased this product.
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6. Privacy issues - A CRM strategy as described in this paper depends upon a database containing customer information and the analysis of this data to achieve more effective targeting of marketing communications and relationship-building activities. With the increase in the popularity of the Internet, many consumers and advocacy groups are concerned about the amount of personal information necessary to enable this delivery. The current debate about privacy centers around how much control Web surfers should have over their own information. 7. Metrics for measuring the success of the CRM process - As more attention is paid to CRM, the traditional metrics used by managers to measure the success of their products and services in the marketplace have to be updated. Some of the CRM-based measure in both Web and non-Web based businesses are as follows: Customer acquisition costs Conversion rates (from lookers to buyers) Retention /churn rates Same customer sales rates Loyalty measures Customer share or share of requirements (the share of a customer's purchases in a category devoted to a brand). All of these measures imply doing a better job through acquiring and processing internal data and focusing on how the company is performing at the customer level
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CRM strategy
Use these resources to build a strong CRM strategy. Learn how to start a CRM strategy with the latest news, expert advice and learning tools. Learn how to build and implement a customer-focused strategy for CRM. Get expert advice on developing a customer equity management strategy and learn how to create customer satisfaction survey. Get in-depth information on customer experience management (CEM) and how it differs from CRM. Find out how to conduct a CRM system and process audit. Learn how to measure ROI following a CRM implementation. Get pointers for evaluating your CRM strategy and customer service strategy with the CRM strategy checklist. Listen to podcasts on developing customer strategies, CRM strategies and customer equity strategies. Get tips for optimizing your CRM strategy, shopping for CRM systems and avoiding failure. Get best practices for building a call center strategy.
Customer Relationship Management (CRM) is a strategy that focuses on building strong relationships with customers and potential customers for creating and maintaining a loyal customer base. CRM works across all departments to harmonize customer-centric thinking. It reduces costs, increases efficiency and improves customer satisfaction. Impel CRM is designed and built for Indian business processes and sales culture. Providing access across the country, Impel CRM can include dealers and channels. With Web leads and service integration and SMS and Mobile access to CRM data, Impel CRM is perfectly suited for Indian businesses.
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Those organizations with successful CRM initiatives have been effective in: keeping their CRM vision relevant and alive excelling in using performance information to cycle back to the vision each year for validation or change that reflects new customer needs maintaining a focus on key areas required to achieve the overall CRM vision analyzing the performance information to demonstrate that they are getting closer to the vision creating the information required to align the organization against its CRM
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CHAPTER - II
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Company Profile:
NAME OF COMPANY MANUFACTURING ADDRESS :- ATUL MACHINE TOOLS :- Machine tools :- Metoda G.I.D.C[Lodhika]
Plot no-103, Opp. Makarana Marble, Kalawad road, Metoda, Rajkot - 360 021
BUSINESS TYPE ANNUAL TURNOVER STANDARD CERTIFICATE MANAGING DIRECTOR TELEHONE E-MAIL ADDRESS WEB SITE YEAR OF ESTABLISHMENT Board of Directors :- Exporter/ Manufacturer/ Supplier :- Rs. 60 Lakhs :- ISO 9001 - 2008 :- Atul Patel :- (02827) 287607, 92276 02034 :- info@atulmachine.com :- www.atulmachine.com :- 1994 :- Atul Patel
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RELATIONSHIP WITH ISO 9004 :This edition of ISO 9001 has been developed as one part of a consistent pair of Quality Management System Standards, the other being ISO 9004 : 2000. The two International Standards are designed to be used together, but can also be used independently. Although the two International Standards have different scopes, they have similar structure for ease of use. This edition of ISO 9001 specifies requirements for a Quality Management System that may be used for internal application by Organizations, Certification or Contractual purposes. ISO 9004 : 2000 gives guidance on a wider range of objectives of a Quality Management System to improve an Organizations overall performance. ISO 9004 : 2000 is not a guideline for implementing ISO 9001 : 2000 and is not intended for Certification or Contractual use.
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Design is about understanding the needs of end customers & solving their problems. The business of design or the design of business Planning and development of any new product requires invasive & strategic thinking. Sustainable design will power the next wave of the growth in manufacturing. Successful designs attract, engage & connect in meaningful ways. Design is a creative means to achieve a realistic and powerful result
DESIGN
Intelligence :
Design Intelligence Financial Assistance Design Sensitisation Seminar Design Awareness Programme Need Assessment Surway Design Clinic Workshop Design Project
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Plant layout means arrangement of material, machine & equipment, so that it provides the best kind of cooperation for path of production. In result the production process will provide maximum of best quality at minimum possible cost. This reduces transport handling, clerical and other costs down per unit, space requirements are minimized and it reduces idle machine and idle man time. The ideal plant layout is one in which there is no un wanted movement is seen, neither from the employee side nor from the machine side. Also, the work in progress flows smoothly from point to point and the bottle-necks are eliminated. An ideal plant layout will minimize the processing cycle by removing the bottle-necks and material holding time. Also, an ideal plant layout will minimize the energy wastage both from employee side and the machine side, due to the pre organized routing, scheduling and dispatching. Importance of Plant Layout Economies in handling Effective use of available area Minimization of production delays Improved quality control Minimum equipment investment Avoidance of bottlenecks Better supervision Improved utilization of labour Improved employee morale Avoidance of unnecessary and costly changes
1) Process layout: It is characterized by keeping similar machines or similar operations at one place. The sequential arrangement of the machine group is generally, but not necessarily made on the basis of labour operations. In this type of layout, the process rather than the product has a dominating role. The product is given secondary consideration and is moved for the purpose of operations to the process section with type of production. It is desirable to arrange on the basis of process rather than on the products.
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2) Product layout:
In this layout machines are arranged in the sequence in which the raw material will be operated upon. In All machines as required to balance the particular product lines are arranged in a sequential line but not necessarily in the straight line. It is also known as the product-line layout. In this layout, one product goes through all the machines lined up, in the order required by its manufacturer. 3) Fixed layout: In this type of layout men and equipment are moved to the material , which remains at one place and the product is completed at that place.
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Introduction
SWOT Analysis, is a strategic planning tool used to evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a project or in a business venture. It involves specifying the objective of the business venture or project and identifying the internal and external factors that are favorable and unfavorable to achieving that objectiveIf SWOT analysis does not start with defining a desired end state or objective, it runs the risk of being useless. A SWOT analysis may be incorporated into the strategic planning model. An example of a strategic planning technique that incorporates an objective-driven SWOT analysis is SCAN analysis. Strategic Planning, including SWOT and SCAN analysis, has been the subject of much research.
Strengths: attributes of the organization that are helpful to achieving the objective. Weaknesses: attributes of the organization that are harmful to achieving the objective. Opportunities: external conditions that are helpful to achieving the objective. Threats: external conditions that are harmful to achieving the objective.
Identification of SWOTs is essential because subsequent steps in the process of planning for achievement of the selected objective are to be derived from the SWOTs First, the decision makers have to determine whether the objective is attainable, given the SWOTs. If the objective is NOT attainable a different objective must be selected and the process is repeated.
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Strength :
A ATUL MACHINE TOOLS is equipped with worlds most modern machineries and state of the art technology supported by qualified technocrats. It has its own research and development and quality test, and analysis system Qualitative product Latest machineries Loyal customer & employee Continuous changes in the product Good Industrial Location -Good infrastructure. State of Art instruments of Quality Controls
Quality commitment : For making quality products there must be quality inputs i.e. crop. Before buying any product they make sure that its is as per their quality standards. The quality of the products always comes first and is never compromised. Their offered quality products not only satisfy the quality minima meet their buyers stated specifications.
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Competitive price
They sources products from every part of India. They have a wide network of regular suppliers {traders, NGOs and co-operative societies, }. This enables us to procure the best available products at very competitive prices.
Consistent supply.
Their expertise in machine industry, strong network of suppliers and highly educated crop forecast team unable them to supply the products throughout the year with the consistent supply.
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Services
They not only sell the products but also provide value added service to keep their customers satisfied and remain competitive.
Weaknesses
Not established much in local market. Low capital Low pay scale Lack of Labor / Workers
Opportunities
An opportunity is a major favourable situation in the firms environment. Key trends represent one source of opportunity. Identification of a previously overlooked market segment, changes in competitive or regulatory circumstances, technological changes, and improved buyer or supplier relationships could represent opportunities for the firm. Different product line with different market Good product compare to other
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Threats
A threat is a major unfavorable situation in the firms environment. It is a key impediment to the firms current and\or desired future position. The entrance of a new competitor, slow market growth, increased bargaining power of key buyers or suppliers, major technological change, and changing regulations could represent major threats to a firms future success. Competitors Losses Nowadays competitive era there is always risk. Many companies are diverted towards this coz there is no need of government license and aspects are wide as concepts of globalization is widen.
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FINANCIAL INFORMATION
PROFIT & LOSS A/C
01/04/2009 to 31/03/2010, Financial Year : 2009-2010
Credit Particulars Debit
206762.76 5000.00 2238.08 46845.00 21450.00 5412.00 134983.00 30251.00 23374.00 11218.00 9927.00 799.75 55944.51 19147.75 17550.00 15928.00 7355.00 175500.00 77160.00 12150.00 8172.00 4750.00 64000.00 19912.00 29715.00 13000.00 32452.00 28960.00 7034.00
Particulars
Expenses (Indirect) (Admin. Expenses) Advertizment Exp. Audit Fee Exp. Bank Commision Exp. Canting Exp. Commission Exp. Computer Repairing Exp. Depriciation Account Donation Exp. Exhibition Exp. Insurance Exp. ISO Fee Exp. Kasar Exp. Loan Intrest Member Fee Exp. Office Bonus Salary Exp. Office Exp. Office Leave Salary Exp Office Salary Exp. Petrol Exp. Patton Repairing Exp. Postage Exp. Professional Exp. Staff Welfare Exp. Stationery & Printing Exp. Telephone Exp. Trade Mark Registration Exp. Traveling Exp. Vehicle Expenses Vehicle Insurance (Sub Total: 10,86,990.85)
1396919.79 Gross Profit B/F (16.10%) Income (Revene) 67660.00 JOB WORK INCOME (Sub Total:67660.00) Expenses (Indirect) (Admin. Expnses) 10175.00 Water (GIDC) Exp. (Sub Total:10175.00)
1474754.79
Total
1474754.79
Total
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Particulars
Capital Account Atulkumar K. Patel Fixed Assets Vehicals Unsecured Loans Kantilal R. Patel Kishor G. Galoriya Mukesh G. Galoriya Parulben A. Patel Pragnesh J. Dudhaya Savitaben L. Patel Shyam K. Aadedra Accounts Payables Active Engineers Alpesh Colour & Chemical Amber Engineering Enterprises Amul Motors Anjli Industries Ashok Spring Works Esvee Enterprise Gopal Machine Tools Gujarat Gears Leave Salary Payable A/c. Harshad Electric Co. Heena International Holly Wood Techno Cast Infomedia 18 Limited Ishwar Krupa Ind. Jay Khodiyar Metal Lable Mfg. K.P. Engineering Co. Krishna Fastners Mahek Sales Corporation Navinchandra & Co. Patel Foundry
Debit
10289 3328 773.00 14800.00 10957.67 5034.00 4337.55 1789.90 391812.55 11175.00 19653.00 33416.00 246261.00 11216.00
Particulars
Fixed Assets Air-condition Computer Bicycles EPABX Systems Fan Fax Furniture Generator Machinery Mobile Phone Vehicle - Scooty Pep Vehicle - Suzuki Aceess Vehicle - Tata Spacio Vehicle - Eterno Honda Account Payables A.K. Machine Tools Krishna Hardware & Tools R.K. Machine Tools Duties & Taxes Vat Additional Tax 2.5% Vat Input Tax 12.5% Vat Input Tax 15% Vat Input Tax 4% Account Receivables Applied Auto Parts Pvt. Ltd. Arms Art Estim Auto Pvt. Ltd. Nova Engineers Prime Cage Pvt. Ltd. Ujala Pumps Pvt. Ltd. Bank Accounts Bank of India
30029
35175 20921 43395 27491 5000 4030 31732 7000 3456 21820 7611 26775 30630 11750 9451 995 3622 307 35654 10000 2696
18790.00
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Power Tech 2841 4200 1572 6125 9975 1715 1325985.6 Pratik Machine Tools Pradeep Agencies R.K. Tools R.M. Enterprises Ramkrishna Engineering Co.
243093.65 222186.20
1972732.55
BALANCE SHEET
01/04/2009 to 31/03/2010, Financial Year : 2009-2010
1325985.60 3750.00 1024.00 1800.00 70000.00 3575.00 12096.00 3711.00 450.00 15243.00 13055.00 1730.00 B/F Rupkala Enginers Pvt. Ltd. Sandip Sales Corporation Sarap Machine Tools Sarvotech Engineers Pvt. Ltd. Shreeji Colours Shreenath Enterprise Supreme Metatech Pvt. Ltd. Vidyavan Machine Tools Virap Engineering Corpotatoin Viswas Machine Tools Yogi Industrial Agencies Duties & Taxes CST - 2% CST - 4% T.D.S. A/c Vat Additional Tax - 1% Vat Output Tax - 4% Provisions Bonus Payable A/c. Office Salary Payable A/c. Salary Payable A/c. Staff Walfer Exp. Account Receivables Aarti Machine Tools Amit Enterprises Ankit Machine Tools Drem Angel Grinding Elcon CNC Technology Fiends Enterprise G.K. Enterprise 1972732.55 3345.00 2000.00 5000.00 3000.00 B/F Gujarat Electro Bord Machine Tools Manu. Association Octroi Diposit Telephone Deposite Loans & Advances Advance Income Tax A/c. Stock - in Hand Clossing Stock Cash - in Hand Cash Account Suspense Accounts
10000.00
802102.55
4500.00 14625.00
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141474.00 112875.00 50100.00 14976.00 4641.00 16373.00 81585.00 4307.00 50000.00 3674.00
Geeta Auto Industries Gokul Refoils & Solvent Ltd. Guruprasad Industries J.K. mechnical Jaggi & Jaggi Machine Tools Shree Mahavir Industries Siddharth Enterprises Smita Precision Top Gears Transmission Deposits Parulben A. Patel
20000.00
2817305.10
2817305.10
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Chapter-lll
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There are three parts of application architecture of CRM: Operational - automation to the basic business processes (marketing, sales, service) Analytical - support to analyze customer behavior, implements business intelligence alike technology
Collaborative - ensures the contact with customers (phone, email, fax, web, SMS, post, in person)
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Exploratory research studies are also term as formulating research studies. The main purpose of such studies is that of formulating a problem for more precise investigation or developing the working hypothesis from an operational point of view the major emphasis in such studies is on the discovery of idea and insights. As such there research design appropriates for such studies must be flexible enough to provide opportunity for considering different as pect of a problem under study. Present research is exploratory in nature it is aim together relevant information customer satisfaction towards atul machin tools in Rajkot.for this research project two types of data has been use.
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Sample size is 20 and the method used in stratified sampling, sample distribution is scattered type .
EXTERNAL DATA
This type of secondary data can be obtained from the outside sources. E.g. Magazine, Journal, News paper, article and the worldwide web .
SOURCE OF DATA
Usually, the information to solve the problem cannot be found in internal of publish external records. There search must be depending on primary data. Which are collected scientifically? for the study ? Data are of mainly these types
PRIMARY DATA
Primary sources refer to data collection directly from the Market place like customer , trade sand suppliers . They are often reliable data source and help in overcoming limitations of secondary data.
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TOOLS OF ANALYSIS
To know the response the questionnaire method is used in sample survey. If one wishes to find what people think or know, the logical procedure is to ask them. This reason forces me to use the questionnaire method for collecting data than any other method. In this method questionnaires were distributed to the respondents and they were asked to answer questions in the questionnaire. The questionnaires were structured, non-disguised questionnaire because the questions, which the questionnaire contained, were arranged in a specific order besides every question asked was logical for. The study, no question can be termed as irrelevant. The questionnaire, were non-disguised because the questionnaire were constructed so that objective is clear to the respondent. The respondents were aware of the objective. They knew why they were asked to fill the questionnaire.
LIMITATIONS-:
1. The respondents were limited and cannot be treated as the whole population. 2. The respondents may be biased. 3. Time was the major constraint. 4. The accuracy of Indications given by the respondents may not be considered ad equated.
Research problem
Not easy to find the customers. Not easy to convince the customers.
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Questionnaire-:
Used for survey method . This is the simplest method of collecting data. This is to be found that questionnaires must be interesting , objective , unambiguous , ease to complete and generally not burdensome to motivate respondents to answer truthfully and completely because consumers are often reluctant to take the time for responding the surveys . The format and wording of questionnaires is very simple and each question is arranged in a proper sequence so that consumers can understand it in a better way. The interview was conducted by filling up the questionnaire by different categories of people and they are given full liberty to fill up these questionnaire. Therefore our questionnaire is prepared on the basis of:1. Open ended questions. 2. Multiple-choice questions. 3. Dichotomous questions. Interview Schedule -: Used for exploratory research. Questionnaire -: This is most important tool for data collection. A Questionnaire contains questions that researcher ask his Respondents to customer. Questionnaire tape -: The Likert Scale is a popular format of questionnaire that is used in educational research, especially in the field of special education.
Sample -:
A sample is selection of unit from entire group called Population on universe interest. In marketing a sample is a particular segment or part of market and it is focus of marketing decision, which may be applied to entire market.
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Subjective and judgment non -random sampling was adopted for our research work due to large sampling area. Any type of sampling on which the sample selected depends on personal discretion of the Investigator is subjective or judgment sampling. This technique is used here because of the definite purpose in view and as such is not used for general purposes. This sampling method has been used the choice of sample depend exclusively on the judgment of the investigator. This methodology has been used because of the following reasons: to know the most typical of the population with respect to the Characteristic under study. Populations are selected on the subjective basis and no probability law is Applied. Biasness can be avoided as the investigator can make out who answering Directly or not.
SAMPLE S IZE-:
To know the consumer perception about Atul machine tools product s and to determine the demand o f Atul machine tools products in Rajkot. A sample size of 20 consumers has been taken.
Survey Areas-:
I have meet with around 20 customer of ATUL Machine Tools at allover Rajkot District and found the following information from the customer answer of the relevant questionnaire. Here I have taken sample size of customer is 20 to underst and the total market customer sertifection of ATUL MACHINE TOOLS.
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Sr.no 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Name of the customer Kalapi Auto industries Pagvin Auto industries Infotech engineering K.S.Engineering Share chamunda enterprise Shree Krishna Grinding Ami Varsha Grinding Ami Drashti Grinding Minal industries Amba Engineering industries Tulsi Industries Applied Auto PVT Ltd Esteem Auto PVT Ltd Biloree Cost (I)PVT.Ltd G.M.Engineering Uma Grinding Pvt.Ltd Sidharth Industries Corpo Retion Supea Volga Ami Dhara Grinding Kishan Auto parts Ltd-
40 100 40
100
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5 4 3 2 1
Frequency 14 5 1 0 0 20
Above table indicate that in Customer Relationship Management study 70% of the customer is satisfied with the product quality and 25% of the customer is average condition.
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Frequency
5 4 3 2 1
Above table indicate that in Customer Relationship Management study 85% of the customer is satisfied with the life style product and 15% of the customer is average condition.
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Frequency
5 4 3 2 1
Above table indicate that in Customer Relationship Management study 85% of the customer is satisfied with material of the packaging quality and 15% of the customer is average condition.
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Frequency
5 4 3 2 1
Above table indicate that in Customer Relationship Management study 85% of the customer is satisfied with time line delivery and 10% of the customer is average condition.
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Frequency
5 4 3 2 1
Above table indicate that in Customer Relationship Management study 90% of the customer is satisfied with the product quality and 10% of the customer is complain only.
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Frequency
5 4 3 2 1
Above table indicate that in Customer Relationship Management study 80% of the customer is fully satisfied with the product quality and 20% of the customer is average condition.
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Frequency
5 4 3 2 1
Above table indicate that in Customer Relationship Management study 80% of the customer is satisfied with the product quality and 20% of the customer is average condition.
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Frequency
5 4 3 2 1
Above table indicate that in Customer Relationship Management study 90% of the customer is satisfied with the product quality and 20% of the customer is average condition.
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Satisfaction (%) 100 100 92.5 100 97.5 97.5 97.5 97.5 95 100
No. of Sample 11 12 13 14 15 16 17 18 19 20
102 100 98 96 94 92 90 88 86 84 82 80
100 100
100
90
Above table indicate that in Customer Relationship Management study its the allover study of the feedback 96% of the customer is satisfied with the product quality.
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4%
1 2
96%
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The company has to increase employee participation in company decisions. Maximize the use of e-mails and instant messaging to be technological advancements.
Work hours must be such that efficiency of employees remains stable during their work
tenure.
Market he customer aware about the ATUL MACHINE TOOLS products through Different mode of advertising.
On line information about the ATUL MACHINE TOOLS products and trading Should be facilitated by the company. There should be regular is it for getting the customer Feedback about the MACHINE products. This helps to know the Changing demand of the customer. Company should try to increase the production. Company should try to provide is count on bulk Purchasing. And also provide some attractive offer and Scheme for sales promotion.
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Our overall experience above this company is in expressible in this report. After analyzing we can conclude that ATUL MACHINE TOOLS is progressive unit. We can really a nice experience to visit ATUL MACHINE TOOLS PVT. LTD. The officers and employees are very co-operative in nature.
Our field experience was also a remarkable survey is the medium to know the views about the CUSTEMER of the ATUL MACHINE TOOLS Pvt. Ltd. It was a difficult but nice experience to take personal interviews of retailers. It was great deal of knowledge. By this survey we can know the actual position of ATUL MACHINE TOOLS Pvt. Ltd. in the market. But at present the number of competitors progress in a quite good. The domain of customer relationship management extends into many areas of marketing and strategic decisions. Its recent prominence is facilitated by the convergence of several other paradigms of marketing and by corporate initiatives that have developed around the theme of cooperation and the collaboration of organizational units and their stakeholders, including customers. CRM refers to a conceptually broad phenomenon of business activity, and if the phenomenon of cooperation and collaboration with customers becomes the dominant paradigm of marketing practice and research, CRM has the potential to emerge as the predominant perspective of marketing. The issues of CRM and customer service are vital in the developing environment as customer expectations increase. This is especially the case in developing countries where changes in customer expectations are linked to increasing educational standards and literacy. This study has indicated that the implementation of a one-to-one marketing of financial services in emerging markets do not differ from the way in Winch it would be implemented among customers in other economies. This requires organization in developing environments to pay attention to the issues of customer needs and differentiation in order to building long term customer relationships.
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BIBLIOGRAPHY
During our survey we have used following books and site:BOOKS:-
www.wikipedia.com
www.atulmachinetools.com
www.amazon.com
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QUESTIONNAIRE FORM:ATUL MACHINE TOOLS Question no:- Satisfaction Parameters:Rating:5,/4,/3,/2,/1 Specific remark spin case of poor rating :-
Rating criteria = 05 Excellent / 04 Very good / 03 good / 02 Average / 01 Poor 01 Are you satisfied with product Quality? :........................................................... 5 4 3 2 1 02 Life of the product?:........................................................... 5 4 3 2 1 03 Packing of the materials? ........................................................... 5 4 3 2 1 04 Time lines in delivery? ........................................................... 5 4 3 2 1 05 Our response to your complaints if any? ........................................................... 5 4 3 2 1 06 Are you satisfied with the performance of the products? ........................................................... 5 4 3 2 1
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Other suggestion/improvements/expectations:-.. . .
Other information Name:-. Company Name:-. Address:-. .. Phone Number:-. Email Add:-..
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