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Central Cottage Industries

Date post: 07-Apr-2018
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    Analyzing the Working of Buying Department

    and Analyzing the sales gap in Furniture andChildren Wear department (2006-2010)

    Presented by :

    Monika Choudhary

    CENTRAL COTTAGE INDUSTRIES CORPORATION

    OF INDIA LTD.

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    INTRODUCTION

    The Central Cottage Industries Emporium, popularly known

    as "Cottage", "CCIC", "CCIE" and "Cottage Emporium

    formed in the year 1948 is a mirror setting of Handicraftsand Handlooms, in the Indian art & craft scenario for over 50

    years. It preserves and nurtures the rich heritage of a culture

    dating back to over 5000 years, unfolding a rich saga of

    breathtaking masterpieces by skilled artisans.

    Today, the Cottage and its logo The Bankura Horseconstitute a hallmark of tradition, quality and authenticity.

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    OBJECTIVES AND

    ORGANIZATION

    CHART

    To produce, procure and sellquality handicrafts andhandloom products and todevelop markets for theseproducts in India and abroad.

    To continue to improve thequality of Indian Handicraftsand to upgrade and producenew designs.

    To strengthen and expandthe marketing network of theorganization.

    To generate adequatereturns on Net Worth. To manage trading activitiesso as to optimize sales andearnings and reduceexpenditure.

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    BUYING DEPARTMENT

    Buying dept of CCIC has 10 buyers for respective 23

    departments. The departments are under 2

    categories :

    Handlooms

    Handicrafts

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    PROCEDURE IN BUYING

    Requirement

    of the

    various itemsis

    determined

    Buyer is

    always in

    constant

    touch with

    the artisans

    and suppliers

    Purchase

    decision in

    consultationwith the

    authorities

    Purchase on

    Approval

    Outright

    Purchase

    Before this:

    1. Lead Time

    2. Optimal lot

    size

    3. Urgency of

    requirement

    Procurement on

    Basis of:

    1. Demand

    2. Forecast

    3. Cust. Pref

    4. Trends

    5. Fashion in

    vogue

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    FURNITURE DEPARTMENT

    Purchases (2006-2010) Sales (2006-2010)

    0

    50

    00

    50

    200All Figures in Lakh

    Target

    Actual

    68078

    59

    96764

    82

    98298

    6 66790

    68 3290446

    Series

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    CHILDREN WEAR

    DEPARTMENTPurchases (2006-2010)

    214632

    6

    270240

    0

    276782

    4 212744

    3

    1541740

    Sales (2006-2010)

    56

    63

    71

    58

    63

    51

    57

    47

    44

    44

    2006-2007

    2007-2008

    2008-2009

    2009-2010

    2010-2011

    All Figures in Lakh

    Actual Target

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    SURVEY REPORTS

    Am

    bianceFurniture Children Wear

    40% of people rated as very good and good 69%rated good while 26% rated very good

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    Design

    Furniture Children Wear

    52% rated good & 24% rated as poor 50% rated as good while 30% rated poor

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    knowledge of the sales person

    Furniture Children Wear

    36% rated good and 40% poor 65% rated as good, 15% poor and 11% very

    good

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    Range of Products

    Furniture Children Wear

    52% rated good and 28% rated poor 46% rated as good and poor

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    Display

    Furniture Children Wear

    56% customers rated good and 24% poor 42% rated good while 46% rated poor and

    11% rated very good.

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    Price Range

    Furniture Children Wear

    44% rated as poor while 40% rated as good 50% rated good while 34% rated poor

    And 7% as very poor

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    Quality

    Furniture Children Wear

    64% rated good while 16% rated poor and

    12 % rated very good

    69% rated as good, 15% as poor and

    11% as very good

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    Sales Person Response

    Furniture Children Wear

    48% rated as poor and 20% for good and

    Very poor

    50% rated poor while 26% rated good

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    Overall Shopping Experience

    Furniture Children Wear

    72% rated good while 12% for poor and

    Very good

    57% rated as good while 15% rated as very

    Good and poor

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    Goods Delivery Time

    Furniture Children Wear

    64% rated poor while 28% rated good 46% rated as good whole 38% as poor

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    ServiceQuality

    Furniture Children Wear

    48% rated good while 32% rated poor 61% rated as good while 30% as poor

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    Suggestions

    Cottage emporium must take concrete steps in order torepair the central air-conditioning system.

    Change the location of the furniture department as it islocated on the top floor in the corner. So it should be

    focused. Price range should be revived in case of Furniture.

    In Children Wear, all the colors of the same design shouldnot be displayed as it leads to the dirtiness of the garment.

    Organic packaging can be introduced in case of children

    wear. More range of latest designs should be introduced to keep

    the customers coming in.

    Products should be displayed category wise.

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    Conclusion

    CCIC is giving an opportunity to poor artisans

    and national awarded craftsmen to introduce

    their product at Central cottage emporium. All

    departments of emporium are well

    maintained and staffs are very talented. Due

    to some sales techniques methods, CCIC is

    unable to increase footfall at emporiumspecifically at furniture and children wear.


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