Shivaji University, Kolhapur.: Introduction
Shivaji University, Kolhapur.: Introduction
Shivaji University, Kolhapur.: Introduction
1.1 Introduction
There are different viz--- purchase, finance, personal, marketing, production etc. success of business depends upon all these departments. Product mix refers all products offered for sales by a firm or a business unit. In other words product mix is tall list of all products offered for sale by a company. Product design, brand, package, label, service etc. are important elements of product mix.The success of marketing depends up on marketing information, consumers information on buying activates and marketing mix. The study of product mix of ADITI foods (India) Pct. Ltd. is selected practical fulfillment of B.B.A. programmed. Before planning about marketing, identified its target consumers for project study. Aditi foods maintained successful track record of always using best quality raw material which capture and retain the goodness of the fresh fairs and vegetables. The mix concept is important of market in product planning and development. There for, the study of product decision in vital framing production decision mix as a product mix a product line, width and depth. etc.
Introduction to study
Y.C.COLLEGE, ISLAMPUR
Page 1
Y.C.COLLEGE, ISLAMPUR
Page 2
Y.C.COLLEGE, ISLAMPUR
Page 3
I)
Primary data :Primary data refers to the data collected from primary sources e.g. the data collection and investigation in this case original data as a primary data. First time research as a collect in researcher primary source in Islampur town. Survey was made with the help of questionnaire. Questionnaire was segmentation on specific consumers in market. Research was selected consumers in the entire population consumer of Aditi Foods by using survey method with the help of questionnaire.
II)
Secondary data :The secondary data it is completed by some other the researcher for purposes not directly related to the research currently under consideration. It already exists. It is relevant to the research under study. It is readily available for processing there are numerous sources of secondary data. Secondary data has been collect on a company records and registers purchase record and the purpose of investigation for the study available source in past years information and company web site
Y.C.COLLEGE, ISLAMPUR
Page 4
Y.C.COLLEGE, ISLAMPUR
Page 5
ADDRESS A/p:- R.S. -655 J.B. Patil Industry Estate, Nerla Pune Benglore highway Tal. Walwa, Dist. - Sangli Pin code 415 409
Office:-
Contact Details:Tel: +91 2342 278550 Fax: + 91 2342 278592 E Mail:- [email protected] [email protected] Visit us at:- www.aditifoods.com HACCP Registration No: 2006(NACE15.33) H271 ISO 9001:2000 Registration No. 5394
Y.C.COLLEGE, ISLAMPUR Page 6
Establishment:- A plant was establishment on since 1992 or produced foods product Location The plant was located at R.S 655 J.B. patil Industry Estate, Nerla Pune-Benglore highway.
Y.C.COLLEGE, ISLAMPUR
Page 7
Y.C.COLLEGE, ISLAMPUR
Page 8
Certification 1) Certified of Association Ship By MARATHA CHAMBER OF COMMERCE INDUSTRIES AND AGRICULTURE, PUNE 2) ANAB :Certificate No. 539 By AGA INTERNATIONAL LLC USA ANAB ACCREDITIONNO.010694 3) HACCP BASED FOOD SAFETY SYSTEM CERTIFICATE NO. 2006 (NACE 15.33) H2Y1 BY FOOD CERT. B. V. NETHERLAND.
Y.C.COLLEGE, ISLAMPUR
Page 9
Y.C.COLLEGE, ISLAMPUR
Page 10
2. Harvest
At the time of harvesting, Aditi foods takes benefits of optimum quality.
3. Transportation
Raw goods are its own production batch, which helps us to document the operational flow, specifications, amount and delivery of raw goods and registration of production details. We have a multi process facility which gives us flexibility to produce multiple product range. Hence we offer our customers various types of product range under the single roof.
4. Sanitation
Hygienic products are key elements and important aspects of any production process. Our specialized sanitary team continuously puts and effort to make our process hygienic. Daily inspection of our employees is monitored so that they are clean and healthy. Routine medical checkups of our employees are carried by health consultants.
5. Storage
Semi processed and finished products are stored as per norm of HACCP & FPO standards.
Y.C.COLLEGE, ISLAMPUR
Page 11
7. Supply
Final products are checked and verified by our dispatch division staff. Container loading takes place upon submission of valid certificates and due check list.
Y.C.COLLEGE, ISLAMPUR
Page 12
1)
Fruit jam & Marmalades Sweet and natural fruit jams prepared from sound and
selected garden fresh mango fruits jams are available e.g. mango jam, mix fruit jam and pineapple jam. its taste of real fruits available on different jars and weight 200gm to 4kg.
2)
ketchup and chilly sauceAditi ketchup the taste of tomatos. Aditi and hello its a both
product on Aditi ketchup and red and green chilly sauce and soya sauce in a real product on Aditi. Synthetic vinegar rose syrups with rose petals are Aditi products available on different size and weight canned and jars 200 gm to 4 kg.
3)
mangoes sweet and natural fruits bars prepared form selected garden fresh fruits used on a processed fruits and produced product. Nutritional values candies used carbohydrate proteins and jar. Its product of mango fruit or a candies mix fruit bar candy and papaya preserve ( Tutty Fruity) etc.
Y.C.COLLEGE, ISLAMPUR
Page 13
5)
fresh mangoes used its a true process and contain to testy flavor used. Alphonso mango pulp mango pulp totapuri mango pulp etc. product of mango pulp different size packing its product e.g. 450 gm to 3 kg.
Export products
1) 2) 3) 4) 5) Mango pulp Fruit bar and candies chutney ketchup and chilly sauce and all over product
Y.C.COLLEGE, ISLAMPUR
Page 14
Work shifts
9.00 am to 5.00 pm 5.00 pm to 1.00 am 1.00 am to 9.00 am
Y.C.COLLEGE, ISLAMPUR
Page 15
Aditi Vision
To harvest natures finest products, process them using the best technology and make them available across the globe. To achieve global standards of excellence in our operations with focus on consumer satisfaction providing consumers the real taste of India. To set up high standards of quality, productivity and efficiency.
Y.C.COLLEGE, ISLAMPUR
Page 16
Product Name
fruit pulp & pure
200708
1190
200809
1397
200910
1632
2462
3348
3890
1994
2500
4498
734
1035
1244
5 6 7
71 139 1631
45 236 1098
95 276 1870
Y.C.COLLEGE, ISLAMPUR
Page 17
Mr. Bhagat Patil CEO-Exports Mkt& Sale, 9970900860, 9822397007 Email : exports@aditifood s.com Skype : exports_aditifoods .com
Mr. Devdatta Patil Domestic Mkt & Sale (Director) 9730925555 Email : exports@aditifoods .com aditifoods@ rediffmail.com
Mr. J.S. Uthale Asst. Manager (Admin. Account) 9970900853 aditifoods@re diffmail.com
Y.C.COLLEGE, ISLAMPUR
Page 18
Chairman
Managing Director
Market Manager
Production Manger
Sales Manager
Purchase Manager
Asst. Manager
Worker
Production Engineer
Supervisor
Worker
Y.C.COLLEGE, ISLAMPUR
Page 19
Definition
Philip kotler defines A product is anything that can be offered to a market to satisfy a about or need including physical goods services experience ideas events places properties organization and ideas. Wore Alderson defines A product as a bundle of utilities
Y.C.COLLEGE, ISLAMPUR
Page 20
i)
Core benefit
Central level of product as the core product of answer the question what is the buyer really buying? for example a woman buying a washing machine is buying import nut and bolts.
ii)
Basic product
It is the larges packing of core buyer recognize as offer for examwashing machine is recognized as collection of dram heats nuts & bolts.
iii)
External product
Refers as expectation in the mind of customers about the product attributes include by features like, shape, size, space etc. quality, quantity and brand name etc.
iv)
Augmented product
Refers the aggregate to satisfaction or benefits that a buyers receives is getting the formal product.
Y.C.COLLEGE, ISLAMPUR
Page 21
This product is all the changed in technology attributes, features, style, colored grade quality etc
i)
Product line
Product line is a group of closely related products of a firm. All
ii)
Width
Mean by a number of different product lines found within the company in other word total number of product line are width of product mix.
iii)
Depth
The depth of product mix refers to the average numbers of items offered by the company within each product line. Following is example of product mix in used in Hindustan Lever Company
Y.C.COLLEGE, ISLAMPUR Page 22
Introduction
maturity
saturation
sales volume
growth
1970
1975
Profit margin
1980
1985
decline
1990
Y.C.COLLEGE, ISLAMPUR
Page 23
2. Growth
It is the period during which the product is accepted by consumers and the traders. During growth stage the rate of increasing sales very repaid profits also increase at substantial rate. At this stage competitors enter the market to catch up the profit. Opportunities the coma by can capture a dominant position in the market by spending a lot of money on product improvement promotion and distribution.
3. Maturity
This stage is characterized by slowing of growth rates of sales and profits. During this stage marketing expenditure increases and prices go down which will reduce profit additional expenditure is involved in product motivation and improvement of product line low prices increasing competition, rising marketing cost and decisioning profits are the features in this stage. Markets have to stimulate demand and face competition through additional advertising and sales promotion. Company has to modify either product or market or marketing mix.
Y.C.COLLEGE, ISLAMPUR
Page 24
4.
Saturation
This stage are all potential buyers are using the product and
company has only replacement sales. Buyers consume the product at constant rate and marketers have it fight for market share with higher reduce cost prices may full repaid and profit margins may becomes small.
5.
Decline
This stage when sales decline and profits reduce the sales
decline for a numbers of reasons including changes in customers preferences technological advances and increased domestic and foreign competitor. As sales and profit decline some firms withdraw from the market. New product strategy development scientists. etc. Seven steps in the planning by
modifications.
Y.C.COLLEGE, ISLAMPUR
Page 25
2.
testing helps the company to choose the best among the alternative product concepts comments on the precise written description of the product concept viz. the attributes and expected benefits.
3.
Business analysis
Combination of marketing research cost benefit analysis and
assessment of competition business analysis will prove the economic prospects of the new product concept. It will also prove soundness and viability of the selected product concept form business point. The profitability can be determined by break even analysis or discounted cash flow method. 4. Product Development Programmers Three steps in this stage 1) Prototype development giving visual image of the product. 2) Consumer testing of the model or prototype. 3) Branding packing & labeling.
Y.C.COLLEGE, ISLAMPUR
Page 26
6. Commercialization
Once the test marketing gives green signal for product with or without expected modifications the company can processed to finalize all features of the product. Mass production will start and all distribution channels will be duly organized.
Branding
In a world where product are multiplying and becoming more and more similar mgt. of brand is critical for survival of the produces as well as companies, making them. The long-term brand mgt. starts with the brand concept and name selection has never shown any compromise to its original concept Colgate is one word for dental care Many consumer products, besides their basic features, need alternative packaging and a brand name A brand is a symbol or a mark that helps a customer in instant recall. A brand distinguishes a product or services form similar offering on the basis of unique features perceived by the consumers. The best example brand name are Lux, Liril, Rexona, Evila, Hamam are case of soaps surf Ariel and Nirma in case detergent and NIVEA, FEM and Vaseline in case vanishing cream.
Y.C.COLLEGE, ISLAMPUR
Page 27
1) Containment
Packaging provides space in which product is contained e.g. facial powder and cosmetics are packaged in containers of pleasing designs and in a choice of color suitable for use in both or bed-room.
2) Protection
Packaging protect its contents and provides the necessary safety to the product form spoilage If the product is kept in open, it may be adversely effected by weather, temperate, light, water, insects etc. they may spoil, discolor or damage the product or lead to deterioration of quality of product.
Y.C.COLLEGE, ISLAMPUR
Page 28
4) Convenience
Products provides the necessary convenience in using the product all the people wholesalers retailers in middlemen and consumers demand convenience in package that means products should be light enough to be hard carried. Easy open and close simple handled easy to storage etc.
5) Attractiveness
Package makes the appearance of product more attractive the design and the label on the package. Printed matter, picture, layout or getup to package. Color combination all are used to attract customers.
6) Promotional appeal
Package is the biggest advertising medium it establishes a product image material used for packaging and decoration part of packaging from the product image.
7) Economy
Economy refers the cost of packaging cot of packaging contributes the sailing price of the product there for package of the products should be economy.
8) Provide Information
Packaging guide to the answer. It provided important information about the product like product contents, price, date of manufacture and packaging but use period low to use and handle, warning etc.
Y.C.COLLEGE, ISLAMPUR Page 29
Labeling
Packages and their labels should give buyers accurate and up-to date information as to the contents and necessary guidance regarding the use of product. Informed customers are essential for the efficient functioning of the free market economy. Labeling will also recognize the consumers right to be informed label is a part of product. In the U.S.A. there is a special act fair packaging and labeling act (1967)
Service facilities Product service = competitive advantage today when the customer has a whole array of products laid out before him. It will be the product plus that will lead him to make a choice of right core product. Business to survive beyond the year 2000 A.D. marketing managers will have to create synergy among customer service and satisfaction under synergy we have 1 + 1 = 11 (Not two) Product Plus method is a sustainable marketing strategy offering long term gains not only must companies excel at the physical aspects of production they also need to be skilled providers of services.
Y.C.COLLEGE, ISLAMPUR
Page 31
p
Y.C.COLLEGE, ISLAMPUR Page 32
Y.C.COLLEGE, ISLAMPUR
Page 33
6. Product differentiation
Product differentiation involves developing and prompting an awareness of difference between the our product and the product of competitors.
7. Market segmentation
Under market segmentation strategy the secures divide total market into similar homogenous units each it units has different wants, needs, motivations etc. To meet these different demands, different products are developed.
Y.C.COLLEGE, ISLAMPUR
Page 34
Table No. 01
Showing consumer awareness of various brands in Islampur city.
Sr. No.
1 2 3 4 5
No. of customers
Percentage
22 10 14 8 6 60
Y.C.COLLEGE, ISLAMPUR
Page 35
% of Respondents customer
40 35 30 25 20 15 10 5 0 Aditi Kissan Surbhi Morton Swadist
% of Respondents
Above graph and table shows that Aditi foods are consuming by 37% customers out of 60. Then the 17% respondents are of kissan and 23% of surbhi, 13% of Mortons product and 10% of swadist . About data shows that awareness of Aditi foods is more in Islampur city than other brands. So it is clear that Aditi foods has created and build up brand equity which is the perceived value of the product position in mind of consumers in Islampur
Y.C.COLLEGE, ISLAMPUR
Page 36
Reasons to choose
Good quality Attractive packaging Brand name Attractive packaging Total
No. of customers
20 13 11 16 60
% of customers
33 22 18 27 100
Reason to Choose
Y.C.COLLEGE, ISLAMPUR
Page 37
Y.C.COLLEGE, ISLAMPUR
Page 38
Product Name
Ketchup & Sauce Jam & marmalades Bar & candies Mango pulp Total
No. of customers
20 16 10 14 60
% of customers
33 27 17 23 100
Mango Pulp
Y.C.COLLEGE, ISLAMPUR
Page 39
Y.C.COLLEGE, ISLAMPUR
Page 40
No. of customers
12 13 30 5 60
% of customers
20 22 50 8 100
% of Customers
8%
50%
Y.C.COLLEGE, ISLAMPUR
Page 41
Y.C.COLLEGE, ISLAMPUR
Page 42
Particular
Very good Good Satisfactory Bad Total
No. of customers
15 8 31 6 60
% of customers
25 13 52 10 100
60
50
40
30
% of Consumers
20
10
Y.C.COLLEGE, ISLAMPUR
Page 43
Y.C.COLLEGE, ISLAMPUR
Page 44
Response of Consumer
Yes No Total
No. of customers
42 18 60
% of customers
70 30 100
No. of Customer
45 40 35 30 25 20 15 10 5 0 Yes No No. of Consumer
Customer Satisfaction
Y.C.COLLEGE, ISLAMPUR Page 45
Y.C.COLLEGE, ISLAMPUR
Page 46
No. of customers
18 14 24 4 60
% of customers
30 23 40 7 100
Opinion of consumer
Y.C.COLLEGE, ISLAMPUR
Page 47
Y.C.COLLEGE, ISLAMPUR
Page 48
No. of Respondent
%of Respondent
60 40 100
Y.C.COLLEGE, ISLAMPUR
Page 49
Y.C.COLLEGE, ISLAMPUR
Page 50
No. of customers
35 25 60
% of customers
58 42 100
40 35 30 25 20 15 10 5 0 Yes No
Y.C.COLLEGE, ISLAMPUR
Page 51
Y.C.COLLEGE, ISLAMPUR
Page 52
No. of Consumer
9 24 17 10 60
% of Consumer
15 40 28 17 100
% of Consumer
Suggest use of performance attractive Attractive Unique Distinctive
17%
15%
28% 40%
Y.C.COLLEGE, ISLAMPUR
Page 53
Y.C.COLLEGE, ISLAMPUR
Page 54
No. of Consumer
45 15 60
% of Consumer
75 25 100
% of Consumer
Yes No
Y.C.COLLEGE, ISLAMPUR
Page 55
Y.C.COLLEGE, ISLAMPUR
Page 56
1. The organization having the separate research & development department 2. The main competitor of Aditi foods product are Kissan & Surbhi. 3. The prices of Aditi foods product are competitive in market. 4. Aditi foods (India) pvt. Ltd. produces a different verity of products to meet consumers demands. 5. Aditi foods a awarded by different certificate & awards of Economic goodwill & provides healthy or fresh product. 6. Quality of Aditi foods products is satisfactory which indicates that the good quality of product has played vital role in creating brand loyalty. 7. It is found that maximum number of customer are satisfied with Aditi foods products in Islampur city. 8. Packaging of Aditi foods products is attractive. Now days attractive packaging has become a marketing necessity to pull customer, so package of Aditi products has made the appearance of product more attractive. 9. Aditi brand is found to be easy for pronouncing, so it has become popular in rural area. This brand is also more attractive and unique. 10. Maximum number of customer are ready to continue with Aditi foods product, because of its unique features and good quality. 11. Company uses product differentiation strategy. 12. It is found that maximum products are at maturity stage.
Y.C.COLLEGE, ISLAMPUR
Page 57
1. Organization can produce products according to the middle income group because there are more customers comes from this group in local market. 2. Organization can provide different promotional strategies to increase their sales growth. 3. The companys Bar and candies product are not more famous so company can produce this product according to consumers requirements and expectations. 4. Packaging of product is not more usable, hence company can produce more usable packaging to the products which will lead to increase sales. 5. Company can use alteration product line strategy and dropping product line strategy to take more products at growth stage.
Y.C.COLLEGE, ISLAMPUR
Page 58
2. Company has created its brand loyalty in local market by improving quality of products and attractive packaging.
3. Company has achieved suitable product positioning in local market by giving perceived value of products to customers. So, company has great future in islampur market.
Y.C.COLLEGE, ISLAMPUR
Page 59
Y.C.COLLEGE, ISLAMPUR
Page 60
10)
a) Good
11)
a) Aditi
12)
Any suggestion?
Y.C.COLLEGE, ISLAMPUR
Page 61
Reference Book
Marketing Management
Name Of Authour
S.A.Sherlekar
2.
Marketing Management
Philip kotler
3.
Y.C.COLLEGE, ISLAMPUR
Page 62