Executive Summary: The bread and biscuits constitutes the largest segments of consumer foods in India. Both Biscuits and Bread are items of mass consumption in our Country. Almost 2 million tons of biscuits are produced in India each year and consumption is growing at 10-12 per cent annually. The per capita consumption of biscuits in the country is about 1. 52 kg annually.Contrary to popular belief that biscuits are consumed by the middle and high income groups, it is actually the only nutritious and hygienic food product for children, lower income groups and the rural population.
Nearly 50 per cent of biscuits produced are consumed in rural areas and 30 per cent by income groups earning below Rs 750 per month. Every 100 gm of glucose biscuits roughly provides 20 per cent of energy, protein and calcium required by an average adult. So as to explore the opportunities in these sectors, a large no. f companies are trying to increase their consumer base in these areas. For this they are offering various promotional schemes in order to make their brand familiar to consumers and to have a Competitive edge. Parle G Industries has made a rapid progress in the variety, quality and quantity of biscuits and baked foods and has become India’s biggest brands and the preeminent food brand of the country. It is equally recognized for its innovative approach to products and marketing.
Parle G Essay Example
The company’s offerings are spread across the spectrum with products ranging from the healthy and economical Tiger biscuits the more lifestyle-oriented recently launched ‘Monaco Zabardast Zebra’‘’ Having succeeded in garnering the trust of almost one-third of India’s one Parle G lion population and a strong management at the helm means Parle G will continue to dream big on its path of innovation and quality. This project aims at studying the effect of the various Promotional schemes offered by Parle G during the period of May and June on its overall sale of the products offered in Promotions.The total increase in sales percentage was also tracked. Objectives: * To deliver right SKU ; Gift item to right place in right time. * To achieve internal customer satisfaction level to 95%. * And to increase the consumer base for newly launched product. * To penetrate market with greater share of business.
* To leverage Parle G brand by having association with some other known brand. * To counterattack competitor’s strategy. The consumer promotional offers are based on the principle of elasticity of demand. Recommendations:As already discussed above, there are certain issues and flaws associated with Sales Promotion, so in order to implement it effectively and efficiently we would like to suggest certain recommendations to the company: Production department should make efforts to make available all of the product varieties in the depot norm wise. So that each and every variety should be available according to the generated order so as to meet the stock out problem. I recommend strong coordination between production and the sales department.So that a proper production forecast for each variety can be maintained by the production department.
Proper allocation of the stock from the depot according to the Super stockiest contribution so that neither there is excess stock in one region nor stock outs in other. I also recommend increasing average number of lines so that all the SKUs are available in the market. Apart from setting overall target for all the SKUs, there should also be individual SKU wise target so that RPDs and UPDs are able to make sales of unfamiliar products also.