Research in the USA retail banking sector suggests that at the turn of the century, 70% of customer transactions were still undertaken by face-to-face contact in High Street branches. By 2005 this had reduced to 42% and it is predicted in 2010 it will account for only 30% of service transactions (Corporate Executive Board 2006 – Lean Manufacturing for Financial Services).
These face-to-face transactions have been replaced by telephone; internet and ATM entered requests routed to large Contact and Processing Centres. This pattern is being repeated in service organisations across the world.
You must be registered to download from the knowledge bank. Registration is free! Please register or login.