Professional Documents
Culture Documents
On
A Study on Client Relationship Management with reference to Surya
Submitted to
Amity University Madhya Pradesh
By
OSHI BANSAL
Under the guidance of
Ms.RIMJHIM JHA
Asst. Professor
June-July 2019
Amity Business School
DECLARATION
I Oshi Bansal, student of BBA hereby declare that the SIP titled “A Study on Client
Relationship Management” which is submitted by me to Amity Business School, Amity
University Madhya Pradesh, in partial fulfillment of requirement for the award of the degree of
Bachelor of Business Administartion has not been previously formed the basis for the award of
any degree, diploma or other similar title or recognition.
Gwalior
i
Amity Business School
CERTIFICATE
To the best of my knowledge this work has not been submitted in part or full for any Degree or
Diploma to this University or elsewhere.
Gwalior
Date
Ms. Rimjhim Jha
Asst. Professor
HOI / HOD
iii
ACKNOWLEDGEMENT
I extend my deep sense of gratitude and sincere thanks to Prof. (Dr.) Anil Vashisht, Director,
Amity Business School for allowing me to take up this project. I would also like to thank
Ms. Rimjhim Jha, for continuous support in my project work .I express my sense of gratitude to
Mr. Hira Kumar for providing me this wonderful opportunity to do my summer internship
project work in “Surya Roshini ltd.” I sincerely thank to Mr. N.K. varshney, Associate Manager
for their guidance and encouragement in carrying out this project work. I also express my thanks
to my friends and family who have helped me to carry out this work. I thank my almighty god
for his blessing showed on me during this period.
Oshi Bansal
iv
ABSTRACT
In a profoundly focused market, organizations need to keep up positive association with their
client. A decent CRM (client relationship the board) program that helps organization in fulfilling
the client, the exploration study would investigate extraordinary strategies and systems for
building up viable CRM to fulfill the clients. The motivation behind the examination was to
check the adequacy of client relationship the executives (CRM) in holding and fulfilling clients
with reference to Surya Roshini ltd. This investigation shows that client relationship the
executives has critical impact on the consumer loyalty and the two factors have positive
connection.
Organization causes its CRM as solid and dependable the client will to be progressively fulfilled
and hold with the organization. The investigation inferred that CRM is assuming a significant job
in expanding the piece of the overall industry, it upgrades efficiency, predominant
representative's resolve in the mean while it improves the inside and out client information and
furthermore higher consumer loyalty to improved client devotion organization will likewise have
the unmistakable data that what are their clients, what are their needs,
LIST OF FIGURES
Figure 1.1 18
Figure 1.2 19
vi
LIST OF TABLES
Table 1.1 18
Table 1.2 19
vii
CONTENTS
Front Page
Declaration by student i
Certificate by company ii
Certificate by supervisor (Forwarded by HOD/HOI) iii
Acknowledgement iv
Abstract v
List of Figures vi
List of Tables vii
viii
PAGE NO.
REFRENCES 35
ix
Chapter-1
INTRODUCTION
Marketing concept began with the industrial revolution reached up today by pass through
different processes. In the first stage of marketing, it is aimed that introduce more production to
the market without giving importance to quality due to the lower supply than demand. The next
step is sales. In today's global competitive environment, social marketing approach aimed at the
general benefit of the community came to the fore after the modern marketing that determines
the target market need sand desires.
Nowadays that increased customer selectivity and the quality is emphasized, the development of
technology, increasing competition and globalization caused a change in favor of the customer
requirements.
Customer relationship management (CRM) that has meanings such as get to know customers, to
understand what they want and to act accordingly has become mandatory. Today, CRM has
become an important business strategy for many organizations. For CRM, it is very important
that obtain a customer and retain the acquired customer.
Client relationship the board (CRM) is a way to deal with deal with an organization's association
with present and potential clients. It utilizes information examination about clients history with
an organization to improve business associations with clients, explicitly concentrating on client
maintenance and at last driving deals development.
One significant part of the CRM approach is the frameworks of CRM that accumulate
information from a scope of various correspondence stations, including an organization's site,
phone, email, live talk, showcasing materials and all the more as of late, online networking.
Through the CRM approach and the frameworks used to encourage it, organizations get familiar
with their intended interest groups and how to best take into account their needs.
Client relationship the board is utilized to characterize the procedure of creation and keep up
association with business customers. CRM is an unfriendly procedure of recognizing, drawing
in, separating and holding clients. CRM coordinate company's whole production network to
make client esteem at each progression, either through expanded advantages or brought down
expenses. It brings about higher benefits through expanded business from a company's client
base. CRM is the consistent coordination between deals, client support, advertising, field's help
and other client contacting capacities. Due to CRM organizations knows their clients,
comprehend their one of a kind needs and tailor their administration or item offering to their
needs in a maintainable focused way that can yield noteworthy steady shareable worth.
Today’s CRM software is an integrated platform of various functions and capabilities. They
typically carry the following features:
1. Sales automation – Also referred to as sales force automation, this sales management
feature is intended to prevent duplicate efforts between a salesperson and a customer by
automatically tracking all follow-ups and contact by both sides.
2. Marketing automation – Together with sales automation they comprise the major
component of CRM software. This automates repetitive tasks to facilitate marketing
efforts to customers at different stages in the lifecycle.
3. Contact center automation – Meant to simplify customer service processes and lessen
the load of a contact center agent when assisting in customer problem-solving and
information dissemination.
4. Contact manager – Categorizes contacts, such as customers and suppliers, for easier
sorting or retrieval. Although commonly integrated with other modules in a CRM
software package, some vendors offer this as a stand-alone module for small businesses
on a tight budget.
5. Sales tracking – A feature that is normally part of sales automation but can be availed as
a separate module. This feature measures and tracks sale so you can get an overview of
sales performance both of your products and sales personnel.
6. Analytics and reporting – Provides you useful insights and information from all the
collected data on customers, sales, marketing, leads and others. It produces reports
usually on ready-made templates.
7. Communication channels – This feature enables communication with customers on
multiple-channels including email, instant messaging, phone, live chat, forums and social
networks.
8. Mobile – Most CRM software have mobile apps with basic features to enable access and
uploading of reports, customer information and other data at any time and from any
location.
CRM enables an individual to be on a similar page as other individuals. Thus, this makes it
workable for representatives inside an organization to be increasingly effective and beneficial
since they effectively center around addressing the possibilities and clients needs. On the off
chance that your business isn't sure about CRM programming's advantage, you can plan your
demo to get a direct encounter of how the program functions.
The client information isn't the main significant thing with regards to CRM programming. There
are explicit business numbers just as different examination which can help the association to find
what works best for them. Client Relationship Management Software causes it workable for
individuals to find the zones they are gaining ground, bringing about the making of a constant
business condition where changes can be made right away.
Before, to get to CRM you needed to have the product introduced in your allocated machine. To
encourage development, a laptop with this software should be offered by the association. Today,
be that as it may, with the Cloud, broadly accessible 4G information, web immersion, VPN
capacities, and a safe programming association, it is possible to get to the software anyplace
whenever. Accordingly, salespeople would now be able to remain in the field for more, along
these lines expanding their transformation rates.
i. Record Loss
Some Customer Relationship Software uses remote Internet Connections to keep clients'
information. The drawback of this sort of CRM is that the association has no control of clients'
data, and in the event that there is a blackout in the CRM framework, it will be beside
unthinkable for the business to recover the important data. On the off there is a chance that the
association picks a small Customer Relationship Management program which is unstable, it
might suggest a large number of dollars in lost salary for the business.
In spite of the fact that CRM applications take into account the robotization of procedures inside
an organization, there is lost human component in the association, something which is
fundamental for making a phenomenal business association with clients. It's equivalent to getting
a mechanized menu framework toward the finish of the telephone as opposed to the voice of a
real individual. At the point when the organization loses its human touch, at that point customers
will probably float away and this will mean a decrease in income with respect to the business.
In spite of the fact that the CRM application is secure, information which is found in a
centralized area is a risk for any organization running the CRM arrangement. Imagine a scenario
in which an angry worker adds off inaccurate information to the system. To keep away from this,
there should be encryption shields just as supervision and backup system to keep up the honesty
of information in the CRM system.
There are two alternatives accessible with regards to CRM support: to outsource the work to an
alternate individual or to enlist an authority inside the association. Numerous associations
offering CRM arrangements will offer help, yet this typically comes at a higher rate. Purchasing
the software is only a part of the thought procedure and many will, in general, overlook the
expenses of progressing support which is related to the CRM application.
Service automation empowers businesses to hold clients by giving the best quality of
administration and building solid relationships. It incorporates issue the executives to fix clients'
issues, the client calls the executives to deal with incoming/outgoing calls, service label
management to monitor the quality of service based on key performance indicators.
Gather client's data, originating from various channels and examine data in an organized
manner
Help association to set business approach in Sales, Marketing and Support to improve
client relationship and reliability
Improve the CRM framework viability and examine key execution pointers, set by
business
Collaborative CRM, also called as Strategic CRM, empowers an association to share clients' data
among different specialty units like sales team, advertising group, specialized and support group.
For instance, criticism from a help group could be valuable for promoting group to approach
focused on clients with explicit items or administrations.In real world, each business unit works
as an independent group and once in a while shares clients' information with different groups
that regularly causes business losses. Collaborative CRM unite all groups to point just a single
objective – utilize all data to improve the quality of client support to gain up reliability and gain
new clients to expand sales.
Competition for customers is intense. From a purely economic point of view, firms learned that it
is less costly to retain a customer than to find a new one. By Pareto’s Principle, it is assumed that
20% of a company's customers generate 80% of its profits.
In the midst of the adventure from an inconspicuous starting to leading the technological
revolution in the 21st century, Surya Roshni Limited has exceedingly made considerable
progress from being simply one more steel tube making unit in 1973. Today, Surya Group has
developed into an enormous of over Rs. 5,975 Crore n FY 2018-19. Indian assembling
organization, sending out items to more than 50 nations over the globe. It has showed, a solid
brand picture, yet in addition a basic imprint onto the brains and thought of clients. The
organization center around working energetically with every single most recent innovation to
make the lives of clients comfortable and delighted.
One of the potential market pioneers in the Steel Tube industry in India, Surya Roshni makes
steel pipes items for farming, infrastructure, oil and gas and development segments, out of which
the items for oil and gas division are affirmed by API (American Petroleum Institute). Every one
of the items made by the organization are profoundly solid and effective with the perspective that
the insignificant retail cost of the item, can be effectively managed by the client.
Surya has cut its very own specialty by progressing in an entirely honorable way in different
sections, for example, Fans and Home Appliances. Driving towards a splendid future with the
administration activities likebuilding smart cities crosswise over India and furthermore with
expanding prominence and basic move towards LEDs, Surya is good to go to rise like a rainbow
in the spectrum of competitiors.
Over four decades sooner, Surya began assembling steel pipes and has been developing from that
point onward. It is viewed as one of the biggest GI pipe producers in India. Surya Roshni Ltd.
has consistently been submitted as far as assembling and advancement.
Surya's steel pipes maufacturing unit in Bahadurgarh has a limit of delivering 225,000 MT of
ERW pipes and 115,000 of CR Strips for per annum.
1.7 ORGANIZATIONAL STRUCTURE
Hierarchical structure alludes to the formal, set up example of relationship among the different
pieces of any association. Getting sorted out is the proper gathering of exercises and assets for
encouraging fulfilment of explicit hierarchical destinations. It is conceivable to accomplish
objective without officially sorting out, yet there is to be incredible wastage of assets and time. A
decent authoritative structure guarantees that the destinations are accomplished in the most
limited conceivable time, in a precise way, with greatest use of the given assets.
NAMES DESIGNATION
Jai Prakash Agarwal Chairman and Managing director
Urmil Agarwal Director
B B Chadha Director
Satya Narain Bansal Whole Time Director
Arvind Kumar Bansal Whole Time Director
Aloke Sengupta Nominee Director
Ravinder Kumar Narang Director
K K Narula Director
MukeshTripathi Director
Vineet Kumar Garg Whole Time Director
Raju Bista Whole Time Director
Shanker Singal Independent Director
Our offer, by turning into the provider of decision, conveying premium items and
administrations and making an incentive with our clients.
Growth gives trust and joy. All things considered, Growth is life.
MISSION STATEMENT
Achieve feasible, gainful development in steel and related organizations.
i.Customer Satisfaction
At Surya, we are driven by the way of thinking that whatever we are today or whatever we will
be tomorrow is the consequence of the exertion we put into make our items benefits that we
offer. In any case, significantly more than that, we accept our accomplishment is a direct result
of the trust and certainty forced on us by our clients. Our energy towards consumer loyalty
through our powerful outstanding items and administrations is our center witticism towards the
achievement. Our esteemed clients are our controlling stars and the urgent explanation behind
our prosperity, guiding us towards our future undertakings and furnishing us with a spot for
development.
ii. Integrity
Sticking to moral standards, we share a unified soul. This uprightness is a goodness that is
reflected in our own lives, monetary exchanges and business bargains.
We make a decent attempt to help Mother Nature and adding to financial advancement while
improving the personal satisfaction of the work power just as of the nearby network and society
on the loose. We endeavor to make eco-accommodating items, for example, LED lighting items,
BLDC fan, 5 star appraised fans and home apparatuses and advance our assets to preserve the
earth. Our sincere undertaking is to expand client comfort while limiting ecological and social
difficulties in the networks where we live and work.
A rule driven, affectionate family which stands high on the pillars of trust, team spirit and
common regard for each other.
Establishment In 1973
Thickness 2 mm to 25 mm
Recently Surya Group has undertaken an expansion of 550 crores mainly in Steel Pipes for
water, oil and gas and also for lighting which is expected to generate employment for 6000 more
people and new jobs. Surya Steel Pipes Division has also expanded into manufacture of
Structural Hollow Section (pipes) for use in a wide range of applications. These Square and
Rectangular Hollow steel sections, manufactured under state of the art Japanese technology are
used in many major application areas by a large number of customers, such as industries,
shopping and commercial malls, furniture manufacture, Airport Authority, Railways, Metro
Services, Auto industry, Bus Stands, Industrial Sheds, Towers, Buildings and the National
Highway Development Infrastructure Program etc. We are exporting our steel pipes and products
to 40 countries including Germany, Canada, Russia, London, China, Nepal, Sri Lanka & others.
Today sale of spurious pipes comprises over 30% of the total steel pipe market sales. These
are manufactured by using half the quantity of spurious 'Goomati Zinc' coating, which reduces
the life of the product. These poor quality pipes are produced using under gauge patra coils from
patra sub-standard steel, instead of tested H.R. coils manufactured by SAIL, etc.
Steel Division
3% 3%
18%
Pipes/Tubes
CR Steel Strips
HR/CR Coils
Others
76%
Exports to over 50 countries :- some are
OMAN KUWAIT
MALAYSIA SINGAPORE
EGYPT USA
CANADA MAURITIUS
JORDAN
Here are 4 CRM goals you can set today — and how CRM software can help
you meet them:
–Understand customer needs better Understand customer needs better –Maintain long Maintain
long -term customer relationships term customer relationships –Be able to pursue a strategy of
Be able to pursue a strategy of Relationship Relationship Marketing Marketing
Chapter 2
REVIEW OF LITERATURE
Service quality and customer satisfaction are key factors in the battle to obtain
competitive advantage and customer retention. Customer satisfaction is the outcome of
customer perception of the value received in a transaction or relationship, where value
equals perceived service quality, as compared to the value expected from transactions or
relationships with competing vendors (Blanchard and Galloway, 1994; Heskett et al.,
1990; Zeithaml et al., 1990).
Key examinations will in general make theories about the miracle, and the hypothesis of this
kind of studies can be explained as 'gathering data for learning'. Basic explores basically plan to
answer the request of why, what or how and they tend to contribute the pool of chief learning in
the assessment zone.
PRIMARY DATA
Essential information has been gathered through surveys. The poll was generally identified with
the brand mindfulness towards Surya Steel Pipes of the retailers on various element, for example,
the sizes, costs, adequacy of the brand and so forth., which was given by Surya Roshni Ltd.
INTERNAL DATA
Internal data such as data which shows all the profit, losses, stocks and sales. Also the previous
primary data.
The auxiliary information gathered from records of the organization, retailers and merchants.
The information of past deals likewise have been gathered.
SECONDARY DATA
The data was collected from the from the company’s past records. The data was one year old and
it was used to find out that how much sales has been generated and from which places the
maximum no. of orders has been placed.
DATA ANALYSIS
The given data was then organized on an Excel sheet where it was filtered according to the given
need and to simply so that the analysis should become easy to study and after studying the data,
the pie charts and the graphs were prepared.
The motive of doing such analysis was to find outthat how CRM is effecting the sales and profit
in Surya. Also to use strategies and ideas for increasing the orders where it was less in number.
In light of need and destinations, sorts of information required for study and different wellsprings
of information are recognized.
A CRM can build income by 41% per sales rep. With such a great amount of space for potential
income, it would be nonsensical not to embrace one.
It is known information that it's simpler and more affordable to upsell to a present client than
attempt to gain another one. Having a CRM can build client maintenance by as much as 27%,
cultivating long haul associations with more upsell openings.
The normal ROI for CRM is $8.71 for each dollar spent. That is a 771% contrast!
"Three out of four shoppers state they went through more cash with an organization on account
of a positive client experience." CRM keeps deals, showcasing, and benefits over client
collaborations to improve these encounters through unmistakable information.
82% of clients will quit utilizing an assistance since they don't contemplate them. On the other
side, 70% of clients with positive encounters will allude the organization to loved ones.
These are only a couple of the numerous insights indicating how amazing CRM is and the
positive effect it has on deals, client maintenance, ROI, and client support. CRM improves every
territory of business by enabling groups to work proactively and proficiently with one another.
It's nothing unexpected that CRM has developed so quickly, and is set to proceed with its
relentless development. The outline beneath conjectures where CRM will be in 2023.The
programming proceeds with its upward pattern as it further soaks the market, and it isn't
hindering at any point in the near future.
In CRM programming organizations need to keep this force, they should change in accordance
with the requests of the market. Advancements in AI, Cloud facilitating, and bots are only a
couple of the patterns keeping the ears of CRM influencers to the ground.
The intensity of AI diminishes manual information passage, giving clients more opportunity to
finish significant assignments productively. Clients are beginning to request AI as they
understand its uses for client assistance, as well. Simulated intelligence can anticipate results to
issues administration divisions might be uncertain of, and streamline the goals. Computer based
intelligence additionally assists promoting with settling on taught choices and accumulate the
most ideal input. Numerous CRMs are beginning to coordinate AI into their items, including
another, unique layer to this effectively ground powerful software.
Another pattern that is as of now changed the CRM business is the multiplication of the Cloud.
Just 12% of CRMs in 2008 were gotten to through the Cloud. With a 75% swing the other way,
Cloud-based CRM has now assumed control over most of the market.