JSW Shoppe- A Unique Distribution Model for Branded Steel
JSWL created a new distribution model through company-owned retail stores to (1) increase awareness of their diversified products and services among consumers, (2) establish a stable sales channel as production doubled to address fluctuations in demand from their traditional B2B model, and (3) gain more control over the downstream supply chain and become the default choice for customers' steel needs. The stores aim to eliminate middlemen, offer competitive prices to consumers, and showcase premium products to elevate JSW's brand image.
JSW Shoppe- A Unique Distribution Model for Branded Steel
JSWL created a new distribution model through company-owned retail stores to (1) increase awareness of their diversified products and services among consumers, (2) establish a stable sales channel as production doubled to address fluctuations in demand from their traditional B2B model, and (3) gain more control over the downstream supply chain and become the default choice for customers' steel needs. The stores aim to eliminate middlemen, offer competitive prices to consumers, and showcase premium products to elevate JSW's brand image.
JSW Shoppe- A Unique Distribution Model for Branded Steel
JSWL created a new distribution model through company-owned retail stores to (1) increase awareness of their diversified products and services among consumers, (2) establish a stable sales channel as production doubled to address fluctuations in demand from their traditional B2B model, and (3) gain more control over the downstream supply chain and become the default choice for customers' steel needs. The stores aim to eliminate middlemen, offer competitive prices to consumers, and showcase premium products to elevate JSW's brand image.
Unique Distribution Model for Branded Steel Group 10
Why did JSWL decide to set up a distribution model for
branded steel?What value does it promise to create for the customer as well as the company? JSWL wanted the consumers to know about the groups diversified products and services The Steel industry relied on B2B model which was more prone to economic slow down where the demand fluctuates By 2012 the production will be doubles and they wanted a new channel for the surplus production The Consumer will get cheaper rate since the middlemen will be eliminated and they can choose a variety of products This channel will be an extended arm of the company since it will create long term sustainability with the dealers and hence the demand will be constant These store will showcase the premium products and hence will make JSW a premium company which takes care of all kinds of steel needs The channel will help JSW get a strong hold of the downstream supply chain so that it can set the standard of being the default steel company of choice to the end user
No, the marketing initiatives do not seem to meet the standards JSW wants to achieve.
Short Term Initiatives:
Print advertisements in the form of hoardings need to be installed Promotional offers and Discount coupons Local newspaper and magazines need to have advertisements with current offerings
Long term initiatives
Use of IT to reach out main customers, update them with offerings and offers Mobile networking and staying connected with current/new/prospective customers