Prafful's Project (08SLC08173) - Distribution Mix of Sri Shanmugananda Soap-nut Works
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Transcript of Prafful's Project (08SLC08173) - Distribution Mix of Sri Shanmugananda Soap-nut Works
A
PROJECT REPORT
On
“Distribution mix of Sri Shanmugananda soap-nut works”
Submitted in Partial Fulfillment Of The Requirement For The Award of BACHELOR OF BUSINESS MANAGEMENT Degree Course Of
Bangalore University
Submitted by:
Prafful Thejas. K. M(Reg. No. 08SLC08173)
UNDER THE GUIDANCE OF Asst.Prof. Manju Bajpai
(Project Guide)
THE OXFORD COLLEGE OF BUSINESS MANAGEMENT HSR LAYOUT, 19TH MAIN, 17TH B CROSS SECTOR 4 BANGALORE – 560 102
2010 – 2011
Guide Certificate
This is to certify that the project report entitled Distribution mix
of Sri Shanmugananda Soap-nut Works submitted by Prafful
Thejas Madhusudhan. K to Bangalore University for the award
of Degree in Business Management is an outcome of genuine
research work carried under my guidance and it has not been
submitted for the award of any other degree, diploma or prize.
Date: Signature
Bangalore Asst Prof. Manju Bajpai
DECLARATION
I hereby declare that this project entitled Distribution mix of Sri
Shanmugananda Soap-nut Works was prepared by me during
the year 2010-2011 and was submitted in partial fulfillment of the
requirements for the award of degree in Business Management of
Bangalore University.
I also declare that this project report is original and genuine
and has not been submitted to any other University for the award
of any degree, diploma or other similar titles or purposes.
Date: Signature
Bangalore
Prafful Thejas Madhusudhan. K
08SLC08173
ACKNOWLEDGEMENT
It has been my proud privilege to be a student of Asst. Prof. Manju Bajpai, department of BBM, The Oxford College of Business Management, under whose guidance, encouragement and support have been invaluable for my project titled “Distribution mix of Sri Shanmugananda soap-nut works”. I am extremely thankful for having been given an opportunity to work under his guidance.
My sincere thanks to Mr.S.Sridhar Co-Partner, for providing me an opportunity to carry out the project at Sri Shanmugananda Soap-nut Works., Bangalore. I thank him for valuable guidance and encouragement during the course of the project.
Finally I would like to express my thanks to everyone who directly or indirectly helped me in my project work.
Date: Prafful Thejas Madhusudhan. K
Place: 6TH SEMESTER, BBM
Reg: 08SLC08173
List of contents
SL No.
TITLE Page.
1 Introduction 1-191.1 Marketing an overview 11.2 Marketing Mix 31.2(a) Product 41.2(b) Price 51.2(c) Promotion 61.2(d) Place (Distribution) 71.3 Types of Distribution Channel 111.4 Benefits of Intermediaries/Middlemen 131.5 Hindrance of Intermediaries/Middlemen 17
2 Design of Study 20-272.1 Statement of Problem 202.2 Objective of the Study 222.3 Scope of the Study 242.4 Limitations of the Study 252.5 Research Methodology 26
3 Data Collection and Analysis 28-44
4 Company Profile 45-784.1 History of the Firm 454.2 Organisational structure 514.3 Market Share 554.4 Future Prospects 574.5 Milestone and Awards 60
4.6 Mission Statement and Vision Statement 624.7 Company’s Manifesto 634.8 SWOT Analysis 644.8(a) Strengths of the company 654.8(b) Weakness of the company 664.8(c) Opportunities of the company 674.8(d) Threats of the company 684.9 Company’s Profile 69
5 Summary of Findings and Recommendation
79-81
5.1 Summary of Findings 795.2 Recommendation 81
6 Conclusions 82-83
Annexure Questionnaire Bibliography
List of Tables
SL No. TITLE PageTab 3.1 Distribution effectiveness with respect to knowledge of
the products in the market29
Tab 3.2 The Amount of satisfied customers of Sri Shanmugananda Soap-nut Work’s
30
Tab 3.3 The level of Satisfaction for the Consumers from Sri Shanmugananda Soap-nut Work’s products
31
Tab 3.4 Analysis on the amount of Sales created by each product of Sri Shanmugananda Soap-nut Works
32
Tab 3.5 Identification of product position of Sri Shanmugananda Soap-nut Works in the market
33
Tab 3.6 The consumer’s expectation on Sri Shanmugananda Soap-nut Work’s product
34
Tab 3.7 Analysis on Sri Shanmugananda Soap-nut Work’s product’s failures
35
Tab 3.8 Distribution effectiveness with respect to product availability under various outlets
36
Tab 3.9 The amount of impact by promotional modes on the consumers
37
Tab 3.10 Evaluation of Effectiveness of different advertisement modes
38
Tab 3.11 Evaluation of Effectiveness of the most invested mode of advertising of Sri Shanmugananda Soap-nut Works
39
Tab 3.12 Evaluation of Competition of Sri Shanmugananda Soap-nut Work’s products
40
Tab 3.13 Evaluation of degree of success of the Sri Shanmugananda Soap-nut Work’s price Strategy
41
Tab 3.14 Evaluation for development of quality of Sri Shanmugananda Soap-nut Work’s products
42
Tab 3.15 Evaluation of distribution channel with respect to availability of Sri Shanmugananda Soap-nut Work’s product with relation to market demand
43
Tab 3.16 Evaluation of amount of brand loyalty for Sri Shanmugananda Soap-nut Work’s products
44
Tab 4.1 Market Share 55Tab 4.2 Profit Ratio 76Tab 4.3 Time Consumption 77
List of Graphics/Diagram
List of Graphs:
SL No. TITLE PageFig 3.1 Distribution effectiveness with respect to knowledge of
the products in the market29
Fig 3.2 The Amount of satisfied customers of Sri Shanmugananda Soap-nut Work’s
30
Fig 3.3 The level of Satisfaction for the Consumers from Sri Shanmugananda Soap-nut Work’s products
31
Fig 3.4 Analysis on the amount of Sales created by each product of Sri Shanmugananda Soap-nut Works
32
Fig 3.5 Identification of product position of Sri Shanmugananda Soap-nut Works in the market
33
Fig 3.6 The consumer’s expectation on Sri Shanmugananda Soap-nut Work’s product
34
Fig 3.7 Analysis on Sri Shanmugananda Soap-nut Work’s product’s failures
35
Fig 3.8 Distribution effectiveness with respect to product availability under various outlets
36
Fig 3.9 The amount of impact by promotional modes on the consumers
37
Fig 3.10 Evaluation of Effectiveness of different advertisement modes
38
Fig 3.11 Evaluation of Effectiveness of the most invested mode of advertising of Sri Shanmugananda Soap-nut Works
39
Fig 3.12 Evaluation of Competition of Sri Shanmugananda Soap-nut Work’s products
40
Fig 3.13 Evaluation of degree of success of the Sri 41
Shanmugananda Soap-nut Work’s price StrategyFig 3.14 Evaluation for development of quality of Sri
Shanmugananda Soap-nut Work’s products42
Fig 3.15 Evaluation of distribution channel with respect to availability of Sri Shanmugananda Soap-nut Work’s product with relation to market demand
43
Fig 3.16 Evaluation of amount of brand loyalty for Sri Shanmugananda Soap-nut Work’s products
44
Fig 4.2 Market Share 55Fig 4.4 Profit Ratio 76Fig 4.5 Time Consumption 78
List of Diagrams:
SL No. TITLE PageFig 1.1 The Marketing Mix 3Fig 1.2 Types of Distribution Channel 11Fig 4.1 Organisational Structure 51Fig 4.3 SWOT Analysis 64
1
Sri Shanmugananda Soap-nut Works
Introduction
1.1 Marketing an overview
Marketing is typically seen as the task of creating,
promoting, and delivering goods and services to the consumers
and business. In fact marketing people are involved in 10 types of
marketing entities Goods, service, experiences, events, persons,
place, properties, organisation, information, and ideas.
Marketing is the process of planning and executing the
conception, pricing, promotion and distribution of ideas, goods,
and service to exchanges that satisfy individual and
organizational goals. It is a societal process by which individuals
and groups obtain what they need and want through, creating,
offering and freely exchanging, products and services of value
with others.
Marketing lays emphasis on customers wants but selling is
about the product. Marketing deals with determining customer
wants and then figures out how to make and deliver a product to
satisfy those wants. Marketing is a pre-dominantly, managements
are profit oriented concept. It accounts for planning in long run,
new product development, growth orientation, market share, and
segmentation.
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Sri Shanmugananda Soap-nut Works
However the core concepts of marketing are:
Target markets and segmentation
Marketer & prospects
Needs, wants and demands
Product or offering
Value and satisfaction
Exchange and transactions
Relationships and networks
Channels of distribution
Marketing channels
Competition
Marketing environment
Marking size
Marking mix
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Sri Shanmugananda Soap-nut Works
1.2 Marking Mix
Fig 1.1
To understand marketing clearly, it is necessary to examine
the various marketing mix elements. Marketing mix is a set of
controllable marketing variables that the firm tends to produce the
response to its wants in the target market.
Companies must decide how to adopt their marketing
strategy to local condition. At one extreme companies use a
globally standardized marketing mix. At other extreme marketing
mix is adopted with specific reference to targeted market.
Between the two extremes, many possibilities exist. Companies
might potentially make the adaptation to the
Product
Price
Promotion
Place (Distribution)
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Sri Shanmugananda Soap-nut Works
1.2(a) PRODUCT
The main component of this factor are the
Product Planning and development
Brands
Packaging
Service after sales.
Other features
Also a company may adopt other product mix strategies like
Straight extension
Product adaptation
Communication adaptation
Dual adaptation
Product invention
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1.2(b) PRICE
It is the valuation placed upon the product by the offerer. It
has to cover various aspects such as
Cover pricing
Cost factors
Discounts
Allowance
Terms of payments
Price competitions
Resale price maintenance
Companies may also adopt the following pricing strategies
Market skimming pricing
Market penetration pricing
Point of production pricing
Uniform delivered pricing
Zone delivered pricing
One price
Psychological pricing and price lining
Flexible pricing
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1.2(c) PROMOTION
It is the persuasive communication about the product by the
offerer to the prospect. It covers
Advertising
Personnel selling
Sales promotion
Publicity
Public relation
Exhibitions
Demonstrations
The selection of the right media and the optimum use of it is
an important concern…
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1.2(d) PLACE (DISTRIBUTION)
It is defined as a chain of intermediaries; each passing the
product down the chain to the next organization, before it finally
reaches the consumer or end-user. This process is known as the
'distribution chain' or the 'channel.' Each of the elements in these
chains will have their own specific needs, which the producer
must take into account, along with those of the all-important end-
user.
According to Prof W.Stanton,” channel of distribution is the
route taken by the title to the goods as they move from the
producer to the ultimate consumer or industrial user.”
According to Richard M. Clewett,”A channel is the pipeline
through which a product flows on its way to the consumer. The
manufacturer puts his product in the pipeline or marketing
channel & various marking people move it along to the consumer
at the other end of the channel.”
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Combination of five major components of effective
distribution of goods, namely
i. Inventory
ii. Warehousing
iii. Communication
iv. Packing
v. Transportation
There are other factors which also affect or influence the
channel of distribution:
A. Product Factors:
1. Physical nature
2. Technical nature
3. The length of product-line
4. The market Position
The Oxford College Of Business Management 8
Sri Shanmugananda Soap-nut WorksB. The market Factors:
1. The existing market structure
2. The nature of the purchase deliberations
3. Availability of the channel
4. Competitor’s channels
C. Institutional factors:
1. The financial ability of channel members
2. The Promotional Ability of channel members
3. The post-sale service ability
D. Unit factors:
1. The company’s financial position
2. The extent of market control desired
3. The company reputation
4. The company marketing policies
The Oxford College Of Business Management 9
Sri Shanmugananda Soap-nut WorksE. Environmental factors:
The factors govern the choice of an intermediary.
1. Economic factor
2. The legal restrictions
3. Fiscal policies
4. The financial position
5. The facilities are available.
The Oxford College Of Business Management 10
Sri Shanmugananda Soap-nut Works1.3 Types of Distribution Channel:
Fig 1.2
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Middlemen
Merchant Agent
Wholesalers Retailers
Full FunctionConvertrDrop Shipper
Small-Scale
Large-Scale
Unit storesStreet TradersMarket TradersCheap JacksSyndicate StoresHawkers & Peddlers
U
Departmental StoresChain StoresMail Order HousesSuper markersCooperative Societies
Broker
Commission Agents
Selling Agents
Forwarding & Clearing Agents
Factory
Auctioneers
Sri Shanmugananda Soap-nut Works
On the bases of the diagram (fig 1.2) we can make out the
possible channels of distribution which a manufacturer or
producer can choose form which suitable channel of distribution
according to the influences of all above mention factors. And the
various channels of distribution that is available are as follows:
Manufacture-Consumer
Manufacture-Wholesaler-Consumer
Manufacture-Wholesaler-Retailer-Consumer
Manufacture-Agent-Wholesaler-Consumer
Manufacture-Agent-Wholesaler-Retailer-Consumer
Manufacture-Agent-Wholesaler-Agent-Retailer-Consumer
Manufacture-Wholesaler-Agent-Retailer-Consumer
Manufacture-Agent-Retailer-Consumer
Manufacture-Retailer-Consumer
Manufacture-Agent-Consumer
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1.4 Benefits of Intermediaries/Middlemen:
If selling directly by the manufacturer to the consumer was
always the most efficient methodology for doing business, the
need for channels of distribution would be obviated.
Intermediaries, however, provide several benefits to both
manufacturers and consumers: improved efficiency, a
better assortment of products, routinization of transactions, and
easier searching for goods as well as customers.
Grasp the improved efficiency that results from adding
intermediaries in the channels of distribution can easily with the
help of a few examples. Take five manufacturers and 20 retailers,
for instance. If each manufacturer sells directly to each retailer,
there are 100 contact lines—one line from each manufacturer to
each retailer. The complexity of this distribution arrangement
could be reduced by adding wholesalers as intermediaries
between manufacturers and retailers. If a single Wholesaler serves
as the intermediary, the number of contacts was reduced from 100
to 25 five contact lines between the manufacturers and the
wholesaler, and 20 contact lines between the wholesaler and the
retailers. Reducing the number of necessary contacts brings more
efficiency into the distribution system by
eliminating duplicate efforts in ordering, processing, shipping,
etc.
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In terms of efficiency there is an effect of diminishing
returns as more intermediaries are added to the channels of
distribution. If, in the example above, there were three
wholesalers instead of only one, the number of essential contacts
increases to 75, 15 contacts between five manufacturers and three
wholesalers, plus 60 contacts between three wholesalers and 20
retailers. Of course this example assumes that each retailer would
order from each wholesaler and that each manufacturer would
supply each wholesaler. In fact geographic and other constraints
typically eliminate some lines of contact, making the channels of
distribution more efficient.
Intermediaries provide a second benefit by bridging the gap
between the assortment of goods and services generated by
producers and those in demand from consumers. Manufacturers
typically produce large quantities of a few similar products, while
consumers want small quantities of many different products. In
order to smooth the flow of goods and services, intermediaries
perform such functions as sorting, accumulation, allocation, and
creating assortments. In sorting, intermediaries take a supply of
different items and sort them into similar groupings, as
exemplified by graded agricultural products. Accumulation means
that intermediaries bring together items from a number of
different sources to create a larger supply for their customers.
Intermediaries allocate products by breaking down
a homogeneous supply into smaller units for resale.
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Finally, they build up an assortment of products to give
their customers a wider selection.
A third benefit provided by intermediaries is that they help
reduce the cost of distribution by making transactions routine.
Exchange relationships can be standardized in terms of lot size,
frequency of delivery and payment, and communications. Seller
and buyer no longer have to bargain over every transaction. As
transactions become routine, the costs associated with those
transactions are reduced.
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Sri Shanmugananda Soap-nut Works
The use of intermediaries also aids the search processes of
both buyers and sellers. Producers are searching to determine
their customers' needs, while customers are searching for certain
products and services. A degree of uncertainty in both search
processes can be reduced by using channels of distribution. For
example, consumers are more likely to find what they are looking
for when they shop at wholesale or retail institutions organized by
separate lines of trade, such as grocery, hardware, and clothing
stores. In addition, producers can make some of their commonly
used products more widely available by placing them in many
different retail outlets, so that consumers are more likely to find
them at the right time.
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1.5 Hindrance of Intermediaries/Middlemen:
As every Benefits or Advantages has its share of Hindrances
or Disadvantages. The disadvantages of having intermediaries or
middlemen in the selected channel of distribution may cause the
following hindrances:
Hindrances for the manufacturer:
Direct contact with the consumer is not possible by having
Intermediary in the channel of distribution.
Additional financial burden on the manufacturer as he has
remunerated the intermediary for there services of sales of
the product caused by him.
The manufacturer loss Price advantage with comparison to
his competitor has his Products price increases due to
remuneration purpose for the middlemen.
By adding an intermediary in the channel of distribution that
consumes more time from the point of dispatch goods by the
manufacturer to point of reaching the goods to the ultimate
consumer.
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Longer the channel of distribution, complexity of the
channel increases. As intermediary contributes to growth in
length of the channel of distribution it makes it a complex
task for the manufacturer to keep track of the factors.
Hindrance for the ultimate Consumer:
Consumer is focused pay the price which includes the
share of amount which is taken by the middlemen.
By adding the share of profits of the intermediary, the
price of the product is increased and thus making more
costly of the consumer to buy the product.
Consumer cannot give his opinion on the product
because the feedback given by the consumer is not to the
manufacturer but instead to intermediary who is not in a
position to make any decisions or changes.
Consumer’s demand takes more time to fulfil it as
introduction of intermediaries in the channel of
distribution takes more time to reach the ultimate
consumer.
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Sri Shanmugananda Soap-nut Works
The intermediary contributes to more time consumption
which may lead to loss of interest in the product if he
finds a suitable and similar alternative in the market.
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Sri Shanmugananda Soap-nut Works
Design of Study
2.1 Statement of Problem:
The first step in a marketing research process is to define
the problem chosen for investigation. This step is very significant.
So it is said, “A problem well defined is half solved”, on the other
hand if the problem defined vaguely, a wrong problem is defined
or the user or researcher are not clarified, then the research results
may be completely useless for the management and research
effort of the investigators is futile exercise.
The study has been focused to know the problems and need
for solution for the degree of effectiveness of the selected channel
of distribution of Sri Shanmugananda Soap-nut Works. Also to
know other means by which effect distribution can be done
according to variation in demand.
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Sri Shanmugananda Soap-nut Works
The study has been focused towards all factors that
influence in the process of flow of the manufacturer’s product to
ultimate consumers. The study is focusing on decreasing
hindrances of distribution mix which enhances the organisation to
meet the consumer’s demand on time which results in profitable
business and also increase brand loyalty for the product.
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2.2 Objective of the Study:
The Prime objectives of the study are to help the company
track down all the behaviour pattern of the factor which
influences or pose problem to product from it to reach there
targeted market. So as to elicit information with regards to:-
To study the demand for the product in the targeted market.
To consider all channels of distribution which are applicable
to the product(s).
To analysis the existing and present channel of distribution
in terms of Profitability, Suitability with comparison to
market treads with respect to demand and etc.
To analysis all other channels of distribution to check
whether it is better suitable for the company’s product in
terms of time consumption, flexibility of the channel and
etc.
To gather information regarding the effects on the product
under different channel of distribution.
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To gather information regarding cost effectiveness, demand
variation and etc. in order to change the channel of
distribution according to the demand if it is found to be
failing to response to the present situation.
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Sri Shanmugananda Soap-nut Works
2.3 Scope of the Study:
The Scope of the study is limited to Sri Shanmugananda
soap-nut works pvt ltd. And its channels of distribution where
scope for finding the behaviour pattern of factors and its impact
on the organisation with respect to meeting the demand to there
supply through selected channel of distribution. And also to the
extent of all other alternative channels of distribution that the
company can adopt in order to supply there finished product to
there targeted market effectively as per the demand in the market
for the product.
The scope also considered the various factors that can or
that will result in finding a solution to there problems which are
presently faced by the company with respect to channels of
distribution or effective response to the demand of the product in
there targeted market segment.
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2.4 Limitations of the Study:
As the customers were busy, they were unable to give
proper information.
Bias on the part of respondents, also limits the validity
of findings.
Reluctance on the part of the respondents was also a limitation.
The main source of data is secondary data.
Chances of misinterpretation obsolesce of data and etc.
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2.5 Research Methodology:
Collection of data from various stages of the supply chain.
Collection of data from the organisation about various
elements like estimated time take by the product to reach
retail outlet for the consumer, impact on Product in its
journey from manufacturer to the consumer and etc.
Analysis of both primary data and secondary data to
overcome problems which presently exist in the distribution
channel.
Collection of information from the company regarding the
channels of distribution’s effectives, time consumption,
problems, advantages, and degree of suitability for the
product and the company.
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Source of data:
Primary Data:
Collection of data through personal interview of all the
personnel involved in the channel of distribution.
Sample Size used to collect primary data is 50.
Secondary data:
Company Records.
Company magazines.
Company Guide.
Company Distribution Department Personnel.
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Sri Shanmugananda Soap-nut Works
3 Data Collection and Analysis:
GRAPHIC PRESENTATION OF DATA arrange
Graphic presentation involves the use of pictures rather than
tables to present research results. Statistical analysis helps
company to identify important findings. Graphs are the best way
to present those findings and they are eye catching which makes
easy for the readers to understand the facts properly and quickly.
TYPES OF CHARTS
PIE CHART: Pie chart is frequently used type of graphs. They
are appropriate for displaying marketing research results in a wide
range of situations. In a pie chart different segments of a circle
represent percentage contribution of various components to the
total. This chart is very useful because it clearly brings out the
relative importance of various components. Angle 360 degree
represents 100% and the corresponding angles for each
component can be founded out by multiplying 360 degree with
percentage of the component.
BAR CHART: Bar charts are the most flexible type of graphs.
Many things that cannot be shown are effectively shown, with
other types of graphs can readily be shown with bar charts; we
make use of rectangles to present the given data.
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DISTRIBUTION EFFECTIVENESS WITH RESPECT TO KNOWLEDGE OF THE PRODUCTS IN THE MARKET
Tab 3.1
Response No. of Respondents PercentageYes 37 74%No 13 26%Total 50 100%
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THE AMOUNT OF SATISFIED CUSTOMERS OF SRI SHANMUGANANDA SOAP-NUT WORK’S PRODUCTS
IN THE MARKET
Tab 3.2
Response No. of Respondents PercentageYes 42 84%No 7 14%Cant Say 1 2%Total 50 100%
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THE LEVEL OF SATISFACTION FOR THE CONSUMERS FROM SRI SHANMUGANANDA SOAP-NUT WORK’S
PRODUCTS
Tab 3.3
Response No. of Respondents PercentageVery much satisfied 32 64%Satisfied 8 16%Better than other Products
9 18%
Not Satisfied 1 2%Total 50 100%
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ANALYSIS ON THE AMOUNT OF SALES CREATED BY EACH PRODUCT OF SRI SHANMUGANANDA SOAP-NUT
WORKS
Tab 3.4
Response No. of Respondents PercentageSoap-nut Powder 30 60%Turmeric Powder 8 16%Chigare Powder 6 12%Incense sticks 6 12%Total 50 100%
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IDENTIFICATION OF PRODUCT POSITION OF SRI SHANMUGANANDA SOAP-NUT WORKS IN THE MARKET
Tab 3.5
Response No. of Respondents PercentageGood Quality Product
17 34%
Reasonable Price 18 36%Brand Image 2 4%Unique Model 8 16%Other 5 10%Total 50 100%
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THE CONSUMER’S EXPECTATION ON SRI SHANMUGANANDA SOAP-NUT WORK’S PRODUCT
Tab 3.6
Response No. of Respondents PercentageQuality Product 17 34%Economic Product 14 28%Better Marketing 5 10%Better after sales service
1 2%
Other aspect 12 24%Total 50 100%
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ANALYSIS ON SRI SHANMUGANANDA SOAP-NUT WORK’S PRODUCT’S FAILURES
Tab 3.7
Response No. of Respondents PercentageHigh Price 11 22%Bad Service 13 26%Low Quality 12 24%Others 14 28%Total 50 100%
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DISTRIBUTION EFFECTIVENESS WITH RESPECT TO PRODUCT AVAILABILITY UNDER VARIOUS OUTLETS
Tab 3.8
Response No. of Respondents PercentageSuper Market 8 16%Provision Store 33 66%Others 9 18%Total 50 100%
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THE AMOUNT OF IMPACT BY PROMOTIONAL MODES ON THE CONSUMERS
Tab 3.9
Response No. of Respondents PercentageInfluenced by Advertisement
4 8%
Influenced by Relatives
30 60%
Influenced by Friends
5 10
Others 11 22%Total 50 100%
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EVALUATION OF EFFECTIVENESS OF DIFFERENT ADVERTISEMENT MODES
Tab 3.10
Response No. of Respondents PercentageTelevision 20 40%Posters 15 30%Newspapers 8 16%Hoardings 7 14%Total 50 100%
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EVALUATION OF EFFECTIVENESS OF THE MOST INVESTED MODE OF ADVERTISING OF SRI
SHANMUGANANDA SOAP-NUT WORKS
Tab 3.11
Response No. of Respondents PercentageYes 28 56%No 22 44%Total 50 100%
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EVALUATION OF COMPETITION OF SRI SHANMUGANANDA SOAP-NUT WORK’S PRODUCTS
Tab 3.12
Response No. of Respondents PercentageYes 24 48%No 25 50%Cant Say 1 2%Total 50 100%
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EVALUATION OF DEGREE OF SUCCESS OF THE SRI SHANMUGANANDA SOAP-NUT WORK’S PRICE
STRATEGY
Tab 3.13
Response No. of Respondents PercentageExpensive 4 8%Reasonable 42 84%Low 4 8%Total 50 100%
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EVALUATION FOR DEVELOPMENT OF QUALITY OF SRI SHANMUGANANDA SOAP-NUT WORK’S PRODUCTS
Tab 3.14
Response No. of Respondents PercentageGood in Quality 20 40%Better than others 18 36%Must Improve 7 14%Bad in Quality 5 10%Total 50 100%
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Sri Shanmugananda Soap-nut Works
EVALUATION OF DISTRIBUTION CHANNEL WITH RESPECT TO AVAILABILITY OF SRI SHANMUGANANDA
SOAP-NUT WORK’S PRODUCT WITH RELATION TO MARKET DEMAND
Tab 3.15
Response No. of Respondents PercentageAvailable in the right time in the right place
36 72%
Available in the right time but in insufficient quantity
7 14%
Not available in the right time
5 10%
Its found rarely in the market
2 4%
Total 50 100%
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Sri Shanmugananda Soap-nut Works
EVALUATION OF AMOUNT OF BRAND LOYALTY FOR SRI SHANMUGANANDA SOAP-NUT WORK’S PRODUCTS
Tab 3.16
Response No. of Respondents PercentageJust Started using 7 14%Less than 5 years 13 26%Less than 10 years 10 20%More than 10 years 19 38%Not at using 1 2%Total 50 100%
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4
Sri Shanmugananda Soap-nut Works
Company Profile
4.1 History of the Firm
The Firm “Sri Shanmugananda Soap-nut Works” was
established by one of the pioneers of soap-nut works, at that age
of establishment of the industry of soap-nut works was rarely
know to the people and it was mainly a home made product
unlike now which is a multi crore business.
The Firm was initially started as a sole trader concern which
was established in 1944 by R. Srinivasa Shetty, The founder of
Sri Shanmugananda Soap-nut works. The firm was started on a
small scale production and sold with 3 Product in its Product line
which was Soap-nut Powder, Turmeric Powder, and Chigare
Powder.
The firm faced many problems in carrying out its business
activates as the company was established in the same year in
which The Second World War was on the verge of coming to an
end. Due to the impact of The Second World War, The Indian
economy faced many drawbacks which were not a suitable time
for a business to attain growth.
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Sri Shanmugananda Soap-nut Works
And to add to the messier this same period was the period
were India was still under the rule of British and the fight for
INDEPENDENCE OF INDIA was in it’s peak stage were QUIT
INDIA MOVEMENT was active in India lead by the great
mahatma Gandhi.
Never the less the founder cum sole trader of Sri
Shanmugananda Soap-nut Works, R.Srinivasa Shetty with his
ingenious ideas and business skills managed to remain in the
business world at the time were the World was at war and country
was under going a revolution and where economies of the world
experienced major losses due to the war which was fought for
nearly 7 years.
The Product was sold in lager quantity which was a low sale
mark compared to normal demand, which helped to attained
profits that only allowed the company to stay alive in the business
world.
After Indian Independence at 1947, The Company recorded
the highest profits ever in 1948 from the year of establishment.
This was considered the second stage of the company’s history
were they successfully recorded higher profits than that of
Previous year for consistent 20 years.
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Sri Shanmugananda Soap-nut Works
During this Period the company attained reasonable growth
rate of its age of 5.5% every year for 20 years from 1948 to 1968.
And also experienced expansion of Business in 1960 by
expanding the size of its production plant which had an area sized
1200 sq feet facility was moved to a bigger facility which was
8000 sq feet in area and also the company gained its first fixed
asset in form of ‘Plant and machinery’ were the earlier location
was a leased land for 20 years. The place was used as an office
and administration Building and later in 1964 the company added
another fixed asset in form of ‘Office and administration
Building’ by purchasing the building which was leased for there
Office.
The company was in its golden age of business as it was the
only major player in the market with incapable competitor which
was mainly home based production and packing who failed to
maintain quality like Sri Shanmugananda Soap-nut Works. Until
the company reinvented itself as a partnership firm when the
founder cum master mind behind the company was deceased in
1970’s and Sons of R. Srinivasa Shetty became the partners of the
company and the company was transformed forever into a
registered partnership firm.
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Sri Shanmugananda Soap-nut Works
The partners were namely:
1. Mr.S.V.Gupta
2. Mr.S.Ramakrishna
3. Mr.S.Sridhar
And later one more partner was added and he was
Mr.S.V.Sandeep, who is the son of Mr.S.V.Gupta.
And in the same time the industry begin to growing with
more players involved in the same business with same or similar
product line with a better industrial approach to there production
process and other business process which was similar and few
were better set up compared to Sri Shanmugananda Soap-nut
Works.
In the initial few years, When the company became a
partnership firm, the firm lost its monopoly grip on the market
and later lost a market share for its product due to inexperience of
the partners in the business world but fortunately the products of
the firm had enough brand loyal consumers for the firm to attain
profit which allowed the firm sustain in the business world.
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After restructuring, the organisation was into more effective
and simple organisational structure. The firm had managed to
come back to its ways in regard of growth attendance again.
Thanks to the partners who were now experienced enough to take
on the competitive market with the help of new recruits, this was
done during the restructuring of the firm.
Even though the firm attained minor or sufficient profits it
soon became a middle-scale industry from what was earlier a
small-scale industry in late 1980’s and was on the path of
regaining its once lost market share by proper analysis of the
market and by paying attention towards product positioning in the
market. It helped the company to better analysis the business
situation.
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As the firm was the road to recovery by finds ways to trick
other competitor in the market, the scenario changed and the firm
found itself in no mans land. As the course of the nation’s future
changed in the year 1991 which had an adverse effect on the firm
also. The big business giants entered the country allowing per
capita income to rise and new technology to entire the market the
firm was swept to a concern were its competitor grew stronger
and fortunately the firm adopted itself to the present business
conditions and manage to maintain a market share of 27% and
with that market share the company managed to add one more
product to its product line and that is ‘Incense sticks’ in 2008 and
the market share of the company remains at 27% to this very day.
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4.2 Organisational structure:
Fig 4.1
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Board of
Partners
General Manager
Distribution Manger
Production Manger
Package Department
Manger
Staff Staff Staff
Workers Workers Workers
Sri Shanmugananda Soap-nut Works
The Organisational Structure of Sri Shanmugananda Soap-
nut Works is very different and unique from that of any other
organisational structures. This structure is followed by the firm
mainly because the scale of business is middle-scale and need for
employee is also comparatively low and due to this nature of their
business, the Supervision needs are also comparatively low. The
organisation as being successful in having control over all the
departments and all the internal factors of the firm through there
structure of the management. In this case, it can be said that this is
a winning formula with respect to the firms organisational
structure is concerned. The Organisational Structure consists of
five different levels and they are as follows:
1. The top most level of the firm consists of the partners of the
firm who are the legal owners of the firm who has gained
the ownership from deceased founder himself. And they
rain as supreme authority over all the activities of the firm
and they are the people who are solely responsible for all
decisions of the firm and also to the success and failure of
the company.
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2. The immediate dissented authority next to the board of
partners is that of the general manager. The general is the
one person who is responsible and answerable to the board
of partners about anything and everything regarding to any
effect on or by the company in any part of the organisation.
He rains second supreme after the board of partners.
3. Since one man cannot handle everything and control each
and every factor of the organisation, the general manager
gets his authority shared between him and his sub functional
manager. Under this level of management the firm is
divided on the bases of functions and each function as its
every own functional manager who takes care of his
functional head only and receives orders from the general
manager and reports to the general manager. He is given
certain targets on the bases of company’s object and he
responsible to finish it in the specified time and to help
these functional managers, functional department has lower
level management to assist the functional manager.
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4. Under specific functional manager the office staffs is placed
in the organisational structure. They take orders from the
functional manager and implement the change as per the
instructions received by them form there respective
functional managers. They are the last level of employee
under the administration department. They will be in direct
contact with the workers for the purpose of getting this done
by them.
5. The last but the least in the chain of the organisation
structure is the all important workers who work for wages.
These workers are involved in all activates of the firm for
converting the raw materials of the company into final
finish product of the company. All the plans and strategy of
the company with regards to product will be successful or
failure is the hand of the workers as there are the only
people who will be in physical contact with the material of
the company. Hence they are also an important part of
integrated organisational structure.
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4.3 Market share:
Tab 4.1
Market Share
Sri Shanmugananda Soap-nut Works Remaining Market
27% 73%
Fig 4.2
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Sri Shanmugananda Soap-nut Works
The market Share of Sri Shanmugananda Soap-nut Works is
presently at 27% of entire market. The company which once
monopolized the market finds itself having just 27% due to the
following reasons like the death of the founder of the firm
R.Srinivas Shetty which made his inexperienced sons cum legal
hires exposed to the business world were the firm experienced
the lost of market share and also the firm lost to the new set of
completers who entered the Indian market after India opened its
markets to the world by liberalisation, privatisation, globalisation
where the firm lost to the world completers but learnt for it and
managed to maintain more than one quarter of the market share
which is estimated around Rs.500 crores (apporx.) which is any
outstanding work by a partnership firm. The hunger for growth of
the organisation is still alive the best evidence for this urge to
grow this the inclusion of one product to there product line in
recent past in the year 2008, that is inclusion Incense sticks to
there product line the effects of thriving to again a solid ground in
the field of agarbathi making and marketing is truly recognisable
and appreciable by the company and company as bright future
where it is already planning to grow.
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4.4 Future Prospects:
The future of Sri Shanmugananda Soap-nut Works is
looking very bright as they have already managed to maintain
more than one quarter of the entire market share successfully year
after year, the company is doing amazingly well as there scale of
business made them one of the leading market share holders. And
the plans of the company towards the future are also on a huge
scale which indicates the company’s hunger to stay in existence
and to growth simultaneously is true an unbroken, unbreakable,
long lasting spirit of the company and its management.
The future prospects of Sri Shanmugananda Soap-nut
Works is very clear and neatly planned and that is to introduce
two more product to there present product line of Soap-nut
powder, Turmeric Powder, Chigare Powder, Incense sticks with
Vermicelli and Coconut Oil to there product line. Both these
products presently having high demand in the market and the
company recognises that the existing player of the market are
unable to meet the demand and the company is planning to tap the
untapped position of the present market and the company is
looking very confident in introducing these two product in the
market within 2 years of time.
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By doing so, the company need not rub its shoulder with
other rival company for gaining market share, definitely need not
rub its shoulders with its rival companies in the beginning few
years. Later, according to the business environment the company
as to compete with its rival company as per there business
requirements.
The company has more then one plan for its future, and
another aspect in which the company is planning bring or
introduce change is about there already existing products and they
are planning and putting effects towards implication of evaluation
of performance appraisal of there manpower and the quality of
the product. For improving quality of the product, they have
benchmarked there standards to that of there rival company’s
products which is just ahead of them in the completion and by
giving its full effects to make its product a better product than its
rival product in quality wise it should have the edge over the
completion as they are also into improvement of there product in
many other ways like price, packaging, discounts, offers and etc.
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Through this process of standardizing the existing product
the will slowly but surely gain more brand loyal customers which
intern enhances the company to have increased sales and that
helps the growth of the company, growth of the scale of business,
growth of the production and also increase in its market share.
And thus once that standard is achieved the company will
simply set another benchmark which is having a better product
than its product. Thus, it’s a constant process of providing better
products to the market.
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4.5 Milestones and Awards:
1945 – The Company recorded the highest sales in the
market with comparison to its rivals.
1948 – The Company recorded the highest profits
earned for that financial year for entire market.
1951 – The Company managed to monopolize the
market.
1960 – The Company expanded its production plant
from its old and smaller facility to a new and bigger
facility.
1960 – The Production Plant was the first fixed asset
of the company.
1964 – The Company purchased another fixed asset in
the form of ‘Office and Building’.
1969 – The Company attained 25 years from its
existence in 1944 (Silver Jubilee).
1972 – The Company became a registered partnership
firm.
1984 – The Company had restructured its
Organisational Structure which remains the same till
now.
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1994 – The Company attained 50 years from its
existence in 1944 (Golden Jubilee).
2008 – The Company added one more product to its
product line. That is Incense sticks.
2009 – The company recorded the highest volume of
sales ever in its history.
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4.6 Mission Statement and Vision Statement:
The Company has one of most motivating and inspiring mission
statements which is
“We blend tradition with technology to give you the best
product”
The Company has one of the best vision statements which
compliments its mission statement which is
“To provide the best quality of product to society which makes
feel like its traditional home made product.”
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4.7 Company’s Manifesto:
Knowledge is the only weapon at our disposal. Everything
else is temporary, transient n misleading. Our quest for
knowledge will be focused, systematic n unwavering. But, it will
never be at expense of our values or our beliefs.
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Sri Shanmugananda Soap-nut Works4.8 SWOT Analysis:
Fig 4.3
It’s tool that identifies the Strengths, Weaknesses, Opportunities,
and Threats of an organization. Specifically, SWOT is a basic,
straightforward model that assesses what an organization can and
cannot do as well as its potential opportunities and threats.
The method of SWOT analysis is to take the information from an
environmental analysis and separate it into internal (strengths and
weaknesses) and external issues (opportunities and threats). Once
this is completed, SWOT analysis determines what may assist the
firm in accomplishing its objectives, and what obstacles must be
overcome or minimized to achieve desired results.
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Sri Shanmugananda Soap-nut Works4.8(a) Strengths of the company:
The strength of the company is as follows:
Experience of 66 years in business is the biggest strength of
the company.
Simple but effective organisational structure helps in
smooth flow of communication.
Brand loyalty for the products of the company is high.
Better control is possible as the chain of links in flow of
communication is also shorter in length.
Company as the most experienced work force that reduces
burden on the top level management.
Product position in the market is very good.
Knowledge over the product is sufficient for the company to
make acquit profits.
Requirement of consumer is well known to the company.
Market analysis of the company is comparatively very good
to that of other companies in the market.
Marketing the product to that segment of the market where
the product as a traditional and cultural valve.
The company has an effective ratio between skilled labour
and unskilled labour in there organisation.
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Sri Shanmugananda Soap-nut Works4.8(b) Weaknesses of the company:
The weakness of the company is as follows:
Rush of new blood in the company is very low compared to
that of competitors.
Scope for innovation is low.
Product is traditional product and exporting its products to
selective few regions only.
Lack of concentration towards marketing the product
throughout the nation.
In spite of having an organisational structure, the company
is owned by family members, the corporate setup in the
company is less.
The company is less flexible for any sudden changes in the
external environment (external market).
Lack of concentration towards advertisement of the
company in any mass media sector.
Lack of advertisement as made the product known to
selected few people.
Lack of promotion of the product as to failure of market
penetration by the product.
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Sri Shanmugananda Soap-nut Works4.8(c) O pportunities of the company:
The opportunities of the company are as follows:
Ever growing market means bigger scope for increasing
sales volume.
Increased in sales volume will lead to increased in profit of
the company.
Increase in demand is always an opportunity for the
company to create more sales.
Scope for diversification and specialisation in production
process is high.
Through diversification and specialisation the company as
an opportunity to create skilled labour.
The company can expand its selected market segment and
its product as the market is already globalised.
Bigger market allows the company to engage itself in large
scale production as the demand also grows with the market.
The company can use globalised market to its advantage by
having acquired the best technology that it can afford to
have in its organisation.
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Sri Shanmugananda Soap-nut Works4.8(d) T hreats of the company:
The threats that the company faces is as follows:
Emergence of new competitors.
Emergence of new technology.
Providing the same product in a lesser and better price than
the company by the rival company.
Price competence between the company’s product and
competitor’s product.
Stiff competition.
Aggressive advertising by the competition.
Constantly changing market situation.
Ever changing market trends.
Change in taste and preference of the consumers.
Threats from alternative product to that of company’s
product.
Inflationary market.
Price competence between the company’s product and the
product’s alternative.
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4.9 Company’s Profile:
Sri Shanmugananda Soap-nut Works is company which was
established in 1944 with three products in its product line which
was Soap-nut Powder, Turmeric Powder, Chigare Powder, but
now it as four products in its product line presently. They have
added a new product to there product line and that is ‘Incense
sticks’ to there existing product line of Soap-nut Powder,
Turmeric Powder, Chigare Powder in the year 2008. The
Company stands as one of the top brands in Karnataka in Soap-
nut industry.
It is 100 crores rupees organisation with the annual
turnover after all expenses are estimated around 20 crores. The
product is not only placed in the Karnataka but also in the Andhra
Pradesh and Tamil nadu also and in few selected parts of southern
India like part of Kerala and southern part of Maharashtra.
The company mainly focuses on Upper Middle Class and
Middle Class people of the region where there product is made
available with the local competitors like ‘Ravi Products Pvt Ltd’
along with organisations who have nationalised there product
through out the country like ‘Smarat’ and ‘Mera’.
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Sri Shanmugananda Soap-nut Works
The source of raw material for the company is APMC
(Agricultural Producer Marketing Committee) which is an
agricultural Producer’s aiding Committee Controlled and
governed by the government. The source of raw materials for all
four products is from the same source. The raw material is
transported to the processing plant of the company which is
located at kumbulgud, Mysore Road, Bangalore. Where raw
materials are converted into finished product but no packaged. It
is a single line process of converting the raw material into
finished product. The finished product is than transported to the
Package and distribution centre is located at N. T. Pet, Bangalore.
The premise at N. T. Pet is consists of two parts, one is the
department of package and distribution, and the other part is the
Office and Administration. From this location the packaged
finished product is transported or distributed to various parts of
the southern India as per the demand and this is the starting point
for there channel of distribution.
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The channels of distribution of the company are two
channels and they are:
1. Manufacture-Agent-Retailer-Consumer
2. Manufacture-Retailer-Consumer.
The first channel of distribution is used by the company to
delivery there product to the market, in and throughout
Karnataka. The Agents or Distributors which the company calls
them are in direct contact with the company who are having
objective of creating a certain volume of sales of the company’s
product in order to gain there remuneration form the company,
which is a fixed ratio of commission where the ratio or percentage
in gained by the distributor depending on the volume of sales
created by him. The distributor also gathers data regarding
requirement of a certain product in the retail outlet before
approaching the organisation. The retailer provides the data to the
distributor on the bases of actual sales accrued through there
outlet. And the company is able to gather data of the demand of a
product indirectly and responses to it by increasing or decreasing
the amount of production.
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The Second channel of distribution is used by the company to
delivery there products to the market in all other regions except
Karnataka which is Andhra Pradesh, Tamilnadu, parts of Kerala
and southern Maharashtra where the company is in direct contact
with the retailers and the products are sold to consumers outsider
Karnataka through retailer’s retail outlets and the data collection
regarding demand and requirement is gathered through analysis
of the data of sales created by the retailers and suitable alteration
are done according to the outcome of results from the data
collected indirectly through retailers outside Karnataka.
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Sri Shanmugananda Soap-nut Works
The contributions towards the growth of economy by Sri
Shanmugananda Soap-nut Works are follows:
Contributes Rs. 18 Crores per annum towards Sales
tax.
Contributes Rs. 20 Crores per annum towards all
other taxes.
Contributes to Employment generation: The company
as provided employment to around 2500 people in there
organisation and further the company also contributed to
employment generation indirectly by employing
distributors in there channel of distribution where more
than 6500 people who were unemployed but now they
find themselves having a part-time job of distributor
which is better than not having any job.
Contributes towards exports: it may sound odd for
many people when it comes to exports of Soap-nut
Powder, Turmeric Powder, Chigare Powder, and Incense
sticks. There main focus for exports is to make there
product available in those counties where Indians are
Large in number to gain more foreign income.
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Optimization of capital: By investing capital into a
economic activate such as business is truly very helpful
for the growth of the economy. The economy is benefited
through increase of funds in the capital market which
intern indirectly contributes towards growth of the
economy.
Mobilization of local resource: As the products of Sri
Shanmugananda Soap-nut Works are traditional product,
the raw material resource is also obviously a local
resource. The Company has contributed to the economy
by making the best of the available local resource and
also contributing towards exports by using only local
resource with the help of both local and foreign
techniques and technology in there production process.
Equitable distribution of national income: The
Company contributes to the economy by providing
employment to the people and by this activity the
company is also contributing towards equal distribution
of national income by providing there employees with
income who otherwise find themselves unemployed.
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Socio-Economic Development: By establishing an
industrial setup in sub-urban and rural areas and
providing employment, social amenities and other basic
amenities to the people of that area. The place and the
company are indirectly contributing towards
development socio-economic factors of that area and also
towards overall development of that area.
Cultural Heritage: As we know all the products of Sri
Shanmugananda Soap-nut Works are traditional products
and has a cultural significance to it and the company’s
success can be indirectly identified as cultural enrichment
act also. And by achieving exports of those traditional
products. This indicates not only enrichment of the
cultural but also indicates spread of ones culture to others
also.
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Sri Shanmugananda Soap-nut WorksAmong the four products the bulk of the profits is from
Soap-nut Powder and second best is that of Chigare Powder and
the third best profitable product of the company are remaining
two products of the company which is Turmeric Powder and
Agarbathi Powder. Its better understood by the following table
and graph.
Tab 4.2
Profit Ratio
Soap-nut Powder 60%
Chigare Powder 20%
Turmeric Powder 10%
Incense sticks 10%
Fig 4.4
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The estimated time taken by the product of the company to
reach the consumer is 15 days. The time starts with the first
process of purchasing raw material by the company and ends after
manufacturing the product and marketing it and the time doesn’t
end till the product reaches the consumer. The following table and
graph will explain the time consumption of the product in there
selected channel of distribution and it is as follows:
Time Consumption
Tab 4.3
Functions Time Consumed (in Days) Percentage
Processing of Raw
material into finished
Product
5 33.33%
Packaging Process 2 13.33%
Distribution Process 7 46.67%
Retail outlet 1 6.67%
Total 15 100%
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Fig 4.5
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5
Sri Shanmugananda Soap-nut Works
5.1 Summary of findings:
From the above source and from both primary and
secondary data, the following data was collected for the purpose
of analysis and research on the topic for finding solution the
problems faced by Sri Shanmugananda Soap-nut Work in there
selected channel of distribution which is inflexibility of the
channel of distribution.
1. Channel of distribution selected by the company are only two
channels, which is
Manufacture-Agent-Retailer-Consumer. (In Karnataka
only)
a) Manufacture-Retailer-Consumer. (All the other
regions)
2. Channel of distribution selected by the company will take 15
Days to reach the consumer that is about half a month in which
a demand tread in the market can change.
3. Price of the product increases according to number of links in
there channel of distribution. More number of links is equal to
more increase in the product.
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4. Heavy dependence on land transport especially on the roads.
And also uses railways occasionally. Mostly during the times
when road ways are blocked due to several reasons like truck
strikes and etc.
5. The Company and the Distribution department of the company
is Bureaucratic in nature.
6. Remunerating the distributor on the bases of volume of sales
created by them is in practice.
7. Sale of product is left to the ability of the distributor to find the
demand and sale it.
8. The company receives information regarding demand of the
market only through distributors which is indirect in nature.
9. Lack of effects to evaluate and try other alternatively channels
of distribution is very clearly seen in the company’s approach.
10. Large scale production and Dispatch of goods is done once
in every three days.
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5.2 Recommendations:
1. Increase in number channels of distribution will result in
effective Product positioning the market.
2. Better strategy in distribution is required to decrease
number of days taken by the product to reach the market.
3. Measures must be taken to ensure distribution does not
increase the price of the product.
4. Measures must be taken to decrease number of links in the
distribution process of the firm.
5. Systematic inventory control and inventory management is
required to decrease pilferage and other similar
misbehavior.
6. Promotion of the product is recommended as it increase
brand value to the product.
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Sri Shanmugananda Soap-nut Works
6 Conclusions:
Sri Shanmugananda Soap-nut Works is a company which
has great potential to achieve goals of being the best in the
business. Willingness and ability to utilize the modern
technologies makes the company outstanding among the other
businesses.
Sri Shanmugananda Soap-nut works management believes that
the company will grow faster and create more opportunities for
the company’s expansion and helps in development of both firm
and its reputation.
From the study it reveals that there is high potential for Soap-nut
Powder, Turmeric Powder, Chigare Powder, and Incense sticks.
The business can attract more customers if the employees are
little friendlier with the customers. The old and rigid attitudes of
the employees have changed to great extent, but have to improve
in order to sustain in this high competitive world.
The Oxford College Of Business Management 82
Sri Shanmugananda Soap-nut Works
In the past the business were not worried about satisfying their
customers but now clearly things have changed. Today’s
customers are harder to please. They are smarter, more price
conscious, more demanding, less forgiving and approached by
more competitors with equal or better offers. The challenge is not
only to produce satisfied customers but also to produce loyal
customers.
The Oxford College Of Business Management 83
Sri Shanmugananda Soap-nut Works
QUESTIONNAIRE
I am a student of THE OXFORD COLLEGE OF BUSINESS
MANAGEMENT, Bangalore. I am doing a study on “distribution
mix on Sri Shanmugananda Soap-nut Works.” Can you please
give 10 minutes of your time as your view is very important for
my project?
Name: ____________________
Education: ____________________
Age: ____________________
Occupation: ____________________
The Oxford College Of Business Management
Sri Shanmugananda Soap-nut Works
1. Do you use Sri Shanmugananda Soap-nut Work’s Product?
Yes No
2. Are Satisfied with Sri Shanmugananda Soap-nut Work’s Product?
Yes No Cant Say
3. What is your satisfaction level?
Very much satisfied Satisfied Better than other Products Not Satisfied
4. Which product of Sri Shanmugananda Soap-nut Works do you use the most?
Soap-nut Powder Turmeric Powder Chigare Powder Incense sticks
The Oxford College Of Business Management
Sri Shanmugananda Soap-nut Works
5. What were the factors for choosing Sri Shanmugananda Soap-nut Work’s products?
Good Quality Product. Reasonable Price. Brand Image. Unique Model. Other.
6. What do you except from Sri Shanmugananda Soap-nut Works and its products?
Quality Product. Economic Product. Better Marketing. Better after sales service. Other aspect.
7. If not satisfied, the reason for dissatisfaction.
High Price. Bad Service. Low Quality. Others.
8. Where do you purchase Sri Shanmugananda Soap-nut Work’s products from?
Super Market Provision Store. Others
The Oxford College Of Business Management
Sri Shanmugananda Soap-nut Works
9. What persuades your purchase decision for Sri Shanmugananda Soap-nut Work’s products?
Influenced by Advertisement Influenced by Relatives Influenced by Friends Others
10. How did you get to know about Sri Shanmugananda Soap-nut Work’s Product?
Television Posters Newspapers Hoardings
11. Have you seen the television Advertisement of Sri Shanmugananda Soap-nut Work’s Product?
Yes No
12. If your preferred brands of Sri Shanmugananda Soap-nut Work’s products are unavailable would you like to go for a substitute brand?
Yes No Cant Say
The Oxford College Of Business Management
Sri Shanmugananda Soap-nut Works
13. What is your opinion about the price of Sri Shanmugananda Soap-nut Work’s Products?
Expensive Reasonable Low
14. What is your opinion about the Quality of Sri Shanmugananda Soap-nut Work’s Products?
Good in Quality Better than others Must Improve Bad in Quality
15. What is your opinion on Sri Shanmugananda Soap-nut Work’s Products availability in the market?
Available in the right time in the right place Available in the right time but in insufficient quantity Not available in the right time Its found rarely in the market
16. From how are you using the products of Sri Shanmugananda Soap-nut Works?
Just Started using Less than 5 years Less than 10 years More than 10 years Not at usin
The Oxford College Of Business Management
Sri Shanmugananda Soap-nut Works
Bibliography:
Books Referred:
Marketing Reference Books Marketing text Books Volume 1, 2, 3 & 5 of Reference Book “Distribution mix” “Path through the time” the history book of Sri
Shanmugananda Soap-nut Works.
At:
1. The Oxford College library, HSR Layout, Bangalore.2. The Central Library, Cubbon Park, Bangalore.
Internet:
Wikipedia.com Google.com Definations.com Answers.com Infoindia.co.in Ask.com Google.com/documents Google.com/images Library.com
Other Documents:
Accounts Ledgers of Sri Shanmugananda Soap-nut Works.
Sri Shanmugananda Soap-nut Works database.
The Oxford College Of Business Management