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MARKET
The term market refers to group of consumers who are interested in the
product, have the resources to purchase it and it is permitted by law to
purchase the product. The market definition begins with the total
population and progressively narrows downwards.
The size of market is not necessarily fixed. For eg: the size of available
market for a product can be increased or decreased by decreasing the
products price.
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Project Report on Marketing Information System
MARKETING
Marketing is the management process responsible for identifying ,
anticipating and satisfying customer requirements profitably.
1. Situation analysis: A thorough analysis of the situation in which the firm finds it
serves as the base for identifying opportunities to satisfy unfulfilled customer needs.
In addition to this, firm must understand its capabilities and the environment in which
it is working.
3. Marketing Mix decisions: detailed tactical decisions are made for controllable
parameters of marketing mix. The action items include:
product development,
pricing decisions,
distribution contracts ,
promotional campaign development
1. Implementation and control : Given few market environments are static, the
results of marketing effort should be monitored closely . as the market changes,
marketing mix can be adjusted accordingly. Often small changes in customer wants
can be addressed by changing the advertising message.
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INFORMATION
5. Coordinate strategy
6. Measure performance
9. Verify intuition
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MARKETING INFORMATION
SYSTEM
There are many different factors collected and analyzed by MKIS, such as:
Market share
Competitive information
Financial indicators
Demographic data
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ACTIVITIES OF MARKETING
INFROMATION SYSTEM (MKIS)
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FUNCTIONS OF MARKETING
INFORMATION SYSTEM
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WORKING MECHANISM OF
MARKETING INFORMATION
SYSTEM
Like any other Information System, Marketing Information System gathers
data from internal and external sources of market, then processes it and
generates meaningful output for marketing managers to assist them in
various decision making process.
Input Subsystem
Output Subsystems
Processing
Output
Input
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Current Economy
Latest Laws and Policies enforced
Current Technology in use
Customer Reviews
Competitors
Distributors
Suppliers
PROCESSING OF DATA
In order to process the data gathered from Marketing Environment, the
data goes through various subsystems into the Marketing Information
System so that meaningful and useful information can be developed for
various marketing managers.
Subsystems:
Internal Reporting System
Marketing Research System
Marketing Intelligence System
Marketing Models
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Tools:
Time Series
Linear Programming
Regression and Correlation
ANOVA
Discounted Cash Flow
Spreadsheets What if Models
LATEST DEVELOPMENT
According to Latest Development in Marketing Information System since
year 2005 and onwards, few more subsystems are added into Marketing
Information System
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Explanation
Subsystem Subsystem use Description
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DISTRIBUTING INFORMATION
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At Operational Level:
It tracks down operational data like sales, customer, production
related data.
Customer Feedback is also taken to estimate how much
customer is satisfied with a specific product of the
company.
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Sales Staff Analysis is done to evaluate how much sales staff has
contributed towards the profit or loss of a particular
product.
Sales Performance Analysis is done to check whether sales has
achieved the benchmark or not.
Market Analysis is done to understand the current market
behaviour or scenario.
SYSTEM IDENTIFICATION
OBJECTIVES
Identify whether the request is feasible and valid
TYPES
1. Preliminary Investigation
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2. Feasibility Study
How?
A feasibility study looks at the viability of an idea that attempts to answer one
main question:
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SDLC in MKIS
Operational Feasibility: Measure how people interact with the system.
2. What are the industry sales and market trends the product is based
on?
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AIM:
Description of Industry
Competition
Sales projection
SYSTEM ANALYSIS:
KEY POINTS IN REPORT:
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SYSTEM ANALYST
The system analyst gives a system development project meaning
and direction.
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Training
Experience
Common sense
1) ANALYSIS STRATEGY:
An analysis strategy is developed to guide the project teams efforts.
Such a strategy
usually includes an analysis of the current system.
2) REQUIREMENT GATHERING:
The next step is requirements gathering (e.g., through interviews or
questionnaires). The analysis of this informationin conjunction with
input from the project sponsor and many other peopleleads to the
development of a concept for a new system. The system concept is then
used as a basis to develop a set of business analysis models that
describes how the business will operate if the new
system were developed.
3) SYSTEM PROPOSAL:
The analyses, system concept, and models are combined into a document
called the system proposal, which is presented to the project sponsor and
other key decision makers that decide whether the project should
continue to move forward
ANALYSIS REPORT :
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ANALYSIS REPORT
REQUIREMENT SPECIFICATION
Analysis of data describing the system to determine how well it is
performing, what requirements must be met, and strategies for
fulfilling them. It has three interrelated parts.
NEED OF SRS
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Output: SRS
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Data Dictionary
Data Flow Diagram
Structured English
Decision Table
Decision Tree
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Communication Process
Distribution And Sales Process
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Planning Process
DATA DICTIONARY
A data dictionary is a structured repository of data about data. It is a set of
precise and accurate definitions of all DFDs data elements and data structures
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LOGICAL SUMMARY:
Purpose: The purpose of this process is to check for the feasibility of product
according to the various changes and then plans are made out for producing
product. The processing logic is summarized.
VOLUME: 1000
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This product order file data store explains that process of production
cant be started until all the details about the product is not given. So this
process checks whether we have sufficient raw materials or other things or not
so we can start our project or not
The data store describes data flow to and from the data stores as well as volume
an indication of how busy this process so 1000(daily)
TO PROCESS: Customer
b) Volume
c) Price
Here data flow product delivery do the task of delivering the product to the
customers according to the specifications. Products are planned out from
marketing information process and going to customer. It includes the data
structure of elements(product size,volume and price)
DESIGN OF MKIS
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INTRODUCTION
The purpose of the design phase is to plan a solution of the problem specified by
the requirement document. This phase is the first step in moving from problem
domain to the solution domain. The design of a system is perhaps the most
critical factor affecting the quality of the software, and has a major impact on
the later phases, particularly testing and maintenance. The output of this phase
is the design document. This document is similar to a blue print or plan for the
solution, and is used later during implementation, testing and maintenance.
TYPES OF DESIGN
1. Logical Design
A logical design partitions the system into conceptual components and
specifies their behavior. It is important that as much information about the
problem domain be reflected, and that minimal attention be paid to
considerations having to do with performance, platform, or technology choices,
unless these things are constants and known ahead of time, or are key choices
that affect the functional capabilities. The reason is that this postponement
allows choices of platform and technology to be deferred and left for
implementation experts. The important goal of the logical design phase is to
synergize the knowledge of application experts and implementation experts to
produce a logical model of the system which could be implemented and would
work, but perhaps not optimally.
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2. Detailed Design
The detailed design phase modifies the logical design and produces a final
detailed design, which includes technology choices, specifies a system
architecture, meets all system goals for performance, and still has all of the
application functionality and behavior specified in the logical design. If a
database is a component of the system, the schema that results from the
detailed design may be radically different in key places from the one developed
in the logical design phase, although an effort should be made to use identical
terminology and not change things that do not need to be changed. The detailed
design process should document all design decisions that require schema
changes, or in general any changes to the logical design, and the reasons for the
change. The project managers challenge will be to again disseminate
understanding of the new design, which is replacing a logical design that had
achieved credibility and consensus. This is the reason why all changes need to
be well documented, so there is a clear migration, and the changes do not seem
radical or arbitrary.
If a features list approach is used, it is easy to separate the project into builds,
and make the detailed design and implementation phases of each build
iterative. The systemss features can be analyzed for dependencies and
resource requirements, and assigned to project builds based on these
dependencies, critical path, and priority. The minimum set of features for a
testable bootstrap system can then be determined. For each build, additional
features are added, and all tests are rerun, resulting in a working system after
each build with increasing functionality and reliability. During each build, a
detailed design of each feature can be performed, identifying the packages and
classes affected, and with roughcut and then detailed updates to the
specifications being produced, possibly in an iterative manner, and finally actual
implementation in code. I have seen this technique work extremely successfully
on many compiler and other projects with which I have been involved, and it is
directly applicable to all kinds of systems.
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P PROGRAM
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SCREEN,
ELEMENT
FORM,
AND STRUCTURE
STRUCTURE
REPORTS, AND
DESIGN
DESIGN
DIALOG DESIGN
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2. Data Design
It focuses on the design of the logical structure of databases and file to be
used by a marketing information system. Data design frequently produces a
data dictionary, which catalogs detailed description of:
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3. Process Design
Activities involved in determining the workflows and
implementations requirements for a particular process
Different process files will be designed to hold the coding for
different processes
Process design, whether designing a new process or modernizing
an existing process, require knowledge of the process equipments.
Design Methods
A design methodology is a systematic approach to creating a design by
application of set of techniques and guidelines. Most methodologies focus
on system design.
Problem Partitioning:-Based on the principle of Divide And
Conquer'. the whole problem is divided into small manageable parts
to be solved separately.
Structured Design:-produce a structure where the modules have
minimum dependence on each other and high level of cohesion.
Top Down design:-A system may be termed as a hierarchy of sub
systems, the highest level sub system corresponding to the total
system.
Design verification
Like every other phase, the design phase ends with verification of the
design. If the design is not specified in some executable language, the
verification has to be done by evaluating the design documents. One way
of doing this is thorough reviews. Typically, at least two design reviews
are held-one for the system design and one for the detailed and one for
the detailed design.
Coding
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Once we have got the mobile numbers of all the customers we can put
them into our SMS channel list and the advertisement will be sent to all of
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In the New Advertisement Data Form , we will fill the title of the new
advertisement and the details of the data form. The clicking Post button
the form will we connected to the Bogging Account and the whole
advertisement data will be posted there.
On <Channel Name>
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The above picture shows the flow of activities in the customer record
system. For the customer there are two choices :->1. Add New Customer
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2.Display All data. And according to the choice the appropriate action will
be tak en.
As you see in the data form , to add new customer we fill the Customer
Number, Name ,Mobile Number and Address of the customer. After that
all the details are added to the database.
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We the customer select the second choice the all customer data will be
shown on the
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TESTING:
Does the software behave as
specified?
Why we do Testing?
An error free information system gives marketing managers
accurate, timely and relevant information.
It illustrates that,
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Types of Tests
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Unit Testing
Also known as Module Testing or Component Testing.
Entry Criteria:
System Requirements are at least 80% complete and have been approved to-
date.
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Exit Criteria:
No major or critical defects prevents any modules from moving to Integration
Testing.
Integration Testing
Bottom up Integration.
Entry Criteria:
Unit testing has been completed and signed off.
Exit Criteria:
All sub-systems meet the desired functionality and
performance requirements.
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System Testing
Testing the system as a whole.
Entry Criteria:
Integration Testing for each sub-
system has been completed and
approved.
Exit Criteria:
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Testing.
Alpha Testing:
Done if the system is made for a single customer.
Beta Testing:
When a system is to be marketed as a software product.
After the feedback, the system is modified and either released for
further beta testing or for general sale.
Entry Criteria:
Business requirements have been met.
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Exit Criteria:
UAT has been completed and approved by the user community.
Entry Criteria:
Known defects have been documented.
Exit Criteria:
Installation testing has been performed and documented and the
results have been signed off.
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All tests show that the application will not adversely affect the
production environment.
SYSTEM MAINTENANCE
Once a system is fully implemented and being operated by end users,
the maintenance function begins. System maintenance is the
monitoring, evaluating and modifying of operational information
system to make desirable or necessary improvements. Regardless of
how well designed, constructed and tested a system or application
may be, there may be any need in order to conducting System
Maintenance
FUNDAMENTAL OBJECTIVES OF
SYSTEM MAINTENANCE
1. To make predictable changes to existing programs to correct errors
that were made during system design or implementation.
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Benchmark Program
Benchmark Program
This task can be performed by either system analyst and/or
programmer. Users should also participate to ensure that the test is
conducted as closely as possible under some circumstances that simulate
a normal working environment.
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1. Unit testing ensure that the stand-alone program fixes the bug
without undesirable side effect to the program.
CASE STUDY:
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ABSTRACT:
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Problem statement:
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The AMP started creating the MIS from several brainstorming sessions,
where they discussed whats really essential to know about the markets
to be successful based on the opinion of various market players. Pooling it
all together, they have discovered that most market players had many
things in common. Since they had 8 offices and they planned to create a
web-portal, they needed a modern on-line database that would allow
many people to access it at the same time. Thus, the system chose
Oracle to create the database and our subcontractors programmers did
all of the work based on our vision of what this system should be able to
do. The database allowed us to track the markets and also monitor overall
Projects activities. It is also true that we have been improving the
database ever since we created it.
They trained the Project Staff to use it and explained why it is important
to keep all of the contacts in this common database. The first few months
the system spent in meetings with clients, searching for industry contacts
and entering them into the database. Since we had all the database
statistics online, it was easy to see the progress of contacts collection and
determine who of the employees needed additional help with this
process.
In the meanwhile they polled many clients to determine their problems
and this information helped us develop efficient ways to resolve them.
First of all, complete lack of information about market prices and trends
motivated them to start market monitoring. They started monitoring retail
markets in most regions of Ukraine by sending the enumerators there or
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There are many ways to use the MIS to farmers and other market
participants advantage. Here are some examples to demonstrate how
much farmers and others gained from this:
A farmer, who was very pessimistic about MIS and did not want to get any
offers placed in the system, came to one of our regional offices to
complain about lack of interest for his cabbage. He had around 100 tons
in stock and the wholesaler who told him he would buy it from him has
disappeared. The staff recommended placing an offer in our system,
which he reluctantly did. They also gave him one of our latest magazines
with a list of buyers interested in cabbage and he started calling this list
from our office. 20 minutes later he had identified two buyers interested
in purchasing most of his cabbage and just when he was about the leave
the office he received a phone call from another potential buyer who
found his offer on the Internet. As a result the farmer has sold all of his
cabbage during 2-3 weeks for $10,000.
One of the top processing companies was searching for a large amount of
good quality carrots but in the area where it usually procured carrots a
serious shortage of this vegetable was observed. Managers have found
our web portal through the Internet and discovered around 30 farmers
offering carrots during this week. They were not sure this was true and
called the analyst on the phone. When they confirmed this information
and told them that in the western part of Ukraine there was a significant
over-production of carrots, they started calling the farmers. In one week
they have reportedly included contracts to supply enough carrots to
satisfy their processing plans. Farmers were very happy with the price
and processors were very happy to be able to fulfill their contracts.
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recommendations and got very high prices for the products he planted
(including early onions) while these who did plant late onions had serious
difficulties selling it.
Since onion prices were really low due to over-production, we have
started searching for way to effectively help our growers. Ukraine has
never exported onions but we found out that during this very year there
was a significant shortage of this production in Poland, Holland and
several other EU countries. The system published several articles
providing information about this opportunity to all market players along
with export requirements. The system received several phone calls from
wholesalers who got interested and four weeks later several farmers
reported improving demand for the onions. It turned out that wholesalers
have started shipping onions to Poland and other countries, which
supported prices and helped farmers avoid losses. Three months later the
number of counties buying onions from Ukraine has increased to around
15 and Ukraine became one of the largest exporters of onions on the
region.
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Impact
Presently we estimate that our system has resulted in about $20 in additional benefits
to farmers for each $ spent.
Expect it to be fully self-sufficient and profitable to all market participants in the
future.
The web-portal presently attracts around 30,000 unique visitors every month and a
significant share of Ukraines fruits & vegetables gets sold through our portal.
The MIS helped lower the transaction costs to farmers. Transaction costs for farmers
were reduced by 100-200 times.
Farmers were also provided with a weekly magazine, which included key market
news, market prices (wholesale and retail) in all major regions of Ukraine, offers &
bids, produce production, PHH, packing, storage and marketing recommendations
and many other useful features.
Helped farmers to develop a stronger negotiating position when talking to buyers.
Price information from various regions within the country helped them improve their
marketing decisions and sell products to regions where highest margins were
observed.
Price and production forecasts provided each spring and updated 2 times per year
helped farmers plan production of crops that were in strong demand on the market
and thus, for higher prices and greater revenues.
The number of fruit & vegetable processors increased from 15 in 2003 to about 125
in 2006.
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The number of full-service wholesale companies has increased from virtually zero to
around 30 and many mid-size companies were created.
Growers incomes at least doubled, consumers received lower prices for higher
quality fresh produce. Also, thousands of on-farm and off-farm seasonal and
permanent jobs were created.
Ukraine, which prior to AMPs interventions imported fruits & vegetables from
Poland and other neighbouring countries, in 2006 became a net exporter of many of
these products.
Thus, the succeeded in the mission that even if farmers do not have access to the
Internet, it is enough for them to have access to a phone to have the benefits of
modern market technologies work for them.
Conclusion
To conclude the whole project, we can say that Marketing Information
System is necessary element in the present scenario in order to develop
any new product in the market. The Whole System ensures that a product
should not be just made to be sold in the market but to be known for its
brand name, quality, reliability, affordability along with the attainment of
customer satisfaction. The Marketing Information System also ensures
that a product should start from a scratch of analysing the feasibility of
the product till its continuous maintenance process.
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