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The
Chartered Institute of Purchasing & Supply supports
individuals and organisations engaged in purchasing and
supply chain management. It promotes and develops high
standards of professional skill, ability and integrity
among its membership.
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CIPS
objectives were to improve understanding of membership and customers
in the UK and beyond:
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Better
association with organisations
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Greater
involvement with leaders of those organisations
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Growth
of UK membership
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Greater
concentration on membership renewal
A
MarketGEM project was
undertaken, a combination of database strategy, analytics and market
research. MarketGEM not
only delivers the 'who, what and when' but answers the question
'why' customers behave as they do.
The
first task was to provide a Business
Opportunity Assessment:
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Assimilate
business processes and IT systems
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Audit
and appraise CRM, Sales and Campaign and Website data
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Build
membership and customer segmentation
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Identify
'gaps' and generate target subjects for bespoke market research
-
Analysis
workshop with CIPS management
The
second stage was to conduct on-line market research:
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Current
members
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Past
members
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Non-members
(customers)
The
third stage was data fusion:
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The
outcome of the UK research was fused into the analysis database
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Key
findings extrapolated against appropriate records
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The
enriched data was then subject to a second round of analysis;
filling in the 'gaps' of knowledge
-
Analysis
workshop with CIPS management
NB.
Research was conducted following the codes of the Market Research
Society.
Benefits
The
results identified:
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How
current members, resigned members and customers view the
institute, its products and services
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How
these views influence purchase decisions and ultimately;
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How
they, as a professional membership organisation, measure up to
those expectations
Armed
with this knowledge CIPS is ensuring their marketing strategy
addresses:
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Any
issues to pre-empt churn
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Increase
business with existing members and customers
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Support
new business development
"The
fusion of our market research understanding with our customer data
has provided real insight.
Confirmation
of some long-held beliefs has been just as useful as some of the
truly new understanding that has been uncovered.
MarketGEM
has also laid a few ghosts to rest enabling us to focus on
innovative strategies going forward for generating more business
growth and membership satisfaction."
Brian
Ford, Director of Marketing and Communications,
The
Chartered Institute of Purchasing & Supply
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