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 您所選取的商品項目

> Champo Carpets: Improving Business-to-Business Sales Using Machine Learning Algorithms

商品編號: IMB879
出版日期: 2021/08/26
作者姓名:
Goyal, Priyank;Kapoor, Puneet;Jain, Gyanesh;Sethia, Ashish;Unni Krishnan, Dinesh Kumar
商品類別: Marketing
商品規格: 5p

再版日期:
地域: India
產業: Fabrication and manufacturing
個案年度: -  

 


商品敘述:

Champo Carpets is one of the largest carpet manufacturing companies based in India, with customers across the world, including some of the most reputed stores and catalog companies. Champo Carpets is based out of Bhadohi, Uttar Pradesh, which is one of the most famous clusters of carpet weaving in India. This cluster is spread over 1,000 sq. km and comprises many villages and districts in and around it. The company is a vertically integrated manufacturer and exporter of carpets and floor coverings, with more than 52 years of existence. At the beginning of 2020, the company employed 1,500 people with a capacity to produce 200,000 pieces of carpets and floor coverings per month. As part of sales and marketing, Champo Carpets shared sample designs with its potential customers, based on which the customer placed an order. The sample design selection was done in various ways and the process itself is costly and elaborate. To capture industry trends, a team of the company visited various trade shows and events and sent samples to the client as per the latest fiber and color trends. However, their sample-to-order conversion ratio was low compared to the industry average. This had cost repercussions as well as lost opportunities. The company identified the cause as inaccurate targeting of products to their customers. It subsequently implemented an enterprise resource planning (ERP) application and has been capturing data at every point of production as well as sales. They believe this accumulated data can help target their products accurately to the right clients and design an appropriate recommender system.


涵蓋領域:

Marketing;Analytics and data science;Statistical analysis;AI and machine learning;Sales;Strategy;Sales promotions;B2B marketing


相關資料:

Case Teaching Note, (IMB880), 27p, by Priyank Goyal, Puneet Kapoor, Gyanesh Jain, Ashish Sethia, Dinesh Kumar Unni Krishnan;
Spreadsheet Supplement, (IMB881), 0p, by Priyank Goyal, Puneet Kapoor, Gyanesh Jain, Ashish Sethia, Dinesh Kumar Unni Krishnan