Evaluation of Customer Relationship System Efficiency: Applying of Total Cost of Ownership Approach

Journal Title: Journal of Business Economics and Management - Year 2009, Vol 10, Issue 4

Abstract

Calculating total cost of ownership (TCO) and benefits, building a business case and applying financial measurement methodologies help a company make right customer relationship system for investments solution and build compelling justification for its customer relationship system project. In addition, ongoing measurement of customer relationship system (CRS ) benefits ensures that an enterprise receives expected advantages and achieves strategic objectives. In this paper peculiarities of TCO economic efficiency are analysed. Evaluation method application when developing, using and expanding CRS is being considered, strengths and weaknesses of cost-oriented approach are discussed. Authors present and interpret their empirical research results.

Authors and Affiliations

Regina Jasilionienė, Rima Tamošiūnienė

Keywords

Related Articles

Optimization Methods for a Stakeholder Society

[i][b]Reviewed book:[/b][/i] Willem K. Brauers. [i]Optimization Methods for a Stakeholder Society: A Revolution in Economic Thinking by Multi-objective Optimization[/i]. Boston/Dordrecht/London: Kluwer Academic Publisher...

Evaluation of Customer Relationship System Efficiency: Applying of Total Cost of Ownership Approach

Calculating total cost of ownership (TCO) and benefits, building a business case and applying financial measurement methodologies help a company make right customer relationship system for investments solution and build...

Panel Cointegration Analysis of Consumer Confidence and Personal Consumption in the European Union

This study examines the relationship between consumer confidence, personal consumption, and other relevant economic and financial variables for 9 European Union countries. It is argued that consumer confidence is an earl...

Preliminary Investigation of the Determinants of FDI Distribution in Italy

The debate on the structural competitiveness of national and local productive systems has lately paid relevant attention to the territorial distribution of Foreign Direct Investment (FDI), since it can be perceived as an...

Integrated DSS for Strategic Planning in Public Institutions

The paper deals with a problem of support to the strategic planning decisionmaking in public institutions. In special literature there are various approaches proposed to what decision support system (DSS) is rational to...

Download PDF file
  • EP ID EP84659
  • DOI 10.3846/1611-1699.2009.10.343-34
  • Views 87
  • Downloads 0

How To Cite

Regina Jasilionienė, Rima Tamošiūnienė (2009). Evaluation of Customer Relationship System Efficiency: Applying of Total Cost of Ownership Approach. Journal of Business Economics and Management, 10(4), 343-347. https://europub.co.uk/articles/-A-84659