Customer Feedback Evolved

Part 4 of a 4 part blog series.

Part 1: Retail customer feedback: why timing is everything
Part 2: The customer-centric retail era and what it means for vendors
Part 3: The customer-centric retail era and what it means for vendors<Where Most Retail VoC Programs Fail

For retailers to respond quickly and cogently to customers in crisis, they need to have systems in place that transmit realtime feedback to store-level personnel, so that those employees can act immediately
to remedy customer complaints and capitalize on opportunities to engender advocacy.

Agility Metrics has developed a timely, precise, and role-based feedback reporting system that not only delivers KPIs to marketers and executives, but also puts the voice of the customer front and center for regional and store-level management.

When Agility Metrics collects customer feedback data in a retail location, it utilizes an advanced analytics engine to parse the data and identify potential problem spots. Once these priority pieces of feedback are identified, Agility Metrics uses its proprietary reporting technology to send real-time alerts to store-level personnel. In doing so, Agility Metrics completely eliminates the time lag that traditionally has existed between the moment a customer provides feedback on an in-store experience and the moment that feedback is actually actioned.

Taking meaningful action close to the moment of experience drastically reduces the chances that an isolated event can grow into a long-term negative stance against the brand. Knowing that, Agility Metrics has engineered its customer feedback measurement solutions to be able to trace root cause resolution down to the department, sub-department, or even employee levels. With ready access to time-sensitive data, store-level personnel can take action to perform rapid-fire customer service when things go awry and move to capitalize on positive experiences by positioning targeted upsells and cross-sells.

Furthermore, Agility Metrics has loaded its push reporting technology with intuitive, powerful, and precise tools, each of which is design to make understanding and acting on feedback as simple and straightforward as possible for those whose jobs revolve around taking care of customers. This allows for intelligent
mobilization of different personnel tiers to handle different situations. To rectify a problem with store wide ambiance, the concerted efforts of all in-store staff might be required. But rude service from a single employee in an isolated department will, by its very nature, require a more precise and surgical handling. Intelligent, rolebased reporting is the only system that truly facilitates that.

Reacting to customer dissatisfaction means stressing rapid-fire accountability at every level of the retail pyramid—a chain of transparency and meaningful action that cascades from senior management all the way down to the individual store level.

Was the customer loyalty movement born in 1905?

A bit of humorous post for our readers as we close out the week.

Customer experience transformist Bruce Temkin just gave us a fascinating blog post about the history of the customer experience movement. Focusing on jargon related to the customer experience, Bruce pulled word usage trending data from the Google Books Ngram Viewer and discovered that the focus on customer experience–at least at the literary level–began in 1984.

Following in Bruce’s footsteps, I trended the historical presence of the term “customer loyalty” within the literary corpus. As expected, the trend line is quite similar to what Bruce observed for the term “customer experience,” with 1984 being a type of tipping point.

And yet, there is a strange, inexplicable “bump” in the first decade of the 20th century, where the term “customer loyalty” underwent a multi-year flurry of usage.

Were writers really talking about customer loyalty in 1905? And, if so, who were these prescient writers who touched on this topic 80 years before it went mainstream?

We leave you to ponder this over the weekend!

Next Generation Retail Customer Experience Measurement – a new Agility Metrics white paper

Agility Metrics invites you to download its latest white paper: Next Generation Retail Customer Experience Measurement.

In the past few years, vendors have been quick to supply retailers with a plethora of customer experience measurement solutions, all of which are engineered to extract customer insights that — hopefully — will lead to greater loyalty, greater satisfaction, and greater sales.

And yet, most of these customer experience measurement solutions fall short of their lofty promises because they lack timeliness, specificity, and the ability to funnel pressing feedback through to the right employees within an organization.

We invite you to read about the pitfalls of traditional customer feedback methods and to learn about the cutting edge methods that are helping retailers convert feedback into impactful action.

Customer Experience Measurement in 4 simple steps

Customer Experience Measurement doesn’t need to be rocket science. In fact, it can ridiculously simple. Check out our new SlideShare presentation to learn more:

6 ways that measuring the customer experience can benefit your company

Systematically measuring the customer experience and acting to rectify problem spots can have a tremendously powerful impact on your company’s performance. Based on Agility Metrics‘ deep library of best practices in Customer Experience Measurement programs, we’ve come up with six concrete ways that systematically measuring the customer experience can benefit your company.

#1) Grow Revenue

  • Increase incremental revenues and share-of-wallet within each store
  • Maximize in-the-moment shopper conversions and customer-loyalty ties
  • Optimize experiential mix driving transaction lifts, cross-sells and up-sells

#2) Decrease Costs

  • Rationalize loyalty priorities, synergies and investments
  • Gain more ‘actionability’ and ROI for your research spend
  • Streamline and automate the feedback process; reduce manual data handling and report generation

#3) Generate Ideas

  • Engage your customers as partners and brand advocates
  • Seed store improvement and customer touch-point innovation
  • Evolve your market segments to customer loyalty segments

#4) Increase Productivity

  • Drive continuous improvement and consistencies in store operations
  • Identify precisely what works and what doesn’t for your most loyal customers
  • Link store operations and planning to performance on key loyalty indicators

#5) Reduce Risks

  • Recover at-risk customers before they defect; expedite feedback response
  • Close performance “gaps” between what is promised and what is delivered
  • Reduce lag between when critical issues arise and when they are actioned and resolved

#6) Empower Employees

  • Generate customer satisfaction and brand loyalty at the moment-of-truth
  • Focus the organizational culture directly on the consumer
  • Provide more comprehensive “marching orders” for dealing with customer support issues
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