Sandeep Singh Saini
   Roll No. 938
I NTRODUCTION OF THE TOPIC
I NTRODUCTION              OF THE TOPIC

Benchmarking is the process of comparing one's
business processes and performance metrics to industry
bests and/or best practices from other industries.



The term benchmarking was first used by cobblers to
measure people's feet for shoes. They would place
someone's foot on a "bench" and mark it out to make
the pattern for the shoes.
I NTRODUCTION OF THE
C OMPANY
FUTURE GROUP

Future Group, led by its founder and Group
CEO, Mr. Kishore Biyani, is one of India’s
leading business houses with multiple
businesses     spanning      across    the
consumption space. While retail forms the
core business activity of Future Group,
group subsidiaries are present in consumer
finance, capital, insurance, leisure and
entertainment, brand development, retail
real estate development, retail media and
logistics.
Mr. Kishore Biyani
      Founder and Group CEO,
                 Future Group
Considered a pioneer of modern retail in
India, Kishore’s leadership has led the group’s
transformation into India’s leading player in
the consumption sector.
Regularly ranked among India’s most admired
CEOs, he is the author of the book ‘It
Happened in India’.
He has won multiple awards from government
bodies and the private sector in India and
abroad and is on the board of a number of
bodies, including the National Innovation
Foundation in India and New York Fashion
Board.
F UTURE B RANDS
BIG BAZAAR

   Big Bazaar was launched in September, 2001 with the
    opening       of      its       first   four      stores
    in Calcutta, Indore, Bangalore and Hyderabad in 22
    days. Within a span of ten years, there are now 148
    Big Bazaar stores in 80 cities and towns across India.

   Big Bazaar is designed as an agglomeration of bazaars
    or Indian markets with clusters offering a wide range
    of merchandise including fashion and apparels, food
    products, general merchandise, furniture, electronics,
    books, fast food and leisure and entertainment
    sections.
FOOD BAZAAR
   Food Bazaar, a supermarket format was incorporated
    within Big Bazaar in 2002 and is now present within
    every Big Bazaar as well as in independent locations.

   The share of private labels as a percentage of total
    Food Bazaar revenues has increased significantly and
    comprise nearly 50 merchandise categories. While
    Fresh & Pure brand entered categories like cheese
    slices, frozen peas, honey, packaged drinking water and
    packaged tea, the Tasty Treat brand received a very
    favorable response in new categories like namkeens
    and wafers. In the home care category, Caremate
    launched aluminum foil and baby diapers while
    Cleanmate launched detergent bars and scrubbers.
ORGANISATION STRUCTURE
   IN A RETAIL STORE

       Store Manager

  Assistant Store Manager

    Department Manager

Assistant Department Manager

        Team Leader

      Team Members
T HE GROUP ’ S SPECIALTY
    RETAIL FORMATS INCLUDE :-

    Supermarket chain - Food Bazaar
    Sportswear retailer - Planet Sports
    Electronics retailer – eZone
    Home improvement chain -Home Town
    Rural retail chain - Aadhaar
    Online shopping portal - www.futurebazaar.com.
FUTURE GROUP
C OMPETITORS
O BJECTIVES OF THE STUDY
O BJECTIVES               OF THE STUDY


             • Competitive benchmarking of Big Bazaar
Primary        with More Store.
Objective


             • To understand the availability of products in
               the store.
             • To identify the effectiveness of atmospherics
Secondary      in the store.
Objectives   • To understand the quality of services
               maintained in the store.
R ESEARCH M ETHODOLOGY
R ESEARCH M ETHODOLOGY
Research Design
   Type of research - Descriptive
   Type of data –
    Primary data - Structured Questionnaire
    Secondary Data – Internet, Journals, Newspaper, etc.


Statistical tools to be used
   Data analysis technique - Quantitative
   Data analysis tool - Bar charts, Pie charts.
R ESEARCH M ETHODOLOGY
Sampling Framework

   Sampling - Convenient sampling

   Sample size - 100



Data Collection Methods

   Data is collected through structured questionnaire.
A NALYSIS OF D ATA
C OMPETITIVE BENCHMARKING OF
B IG B AZAAR WITH M ORE S TORE
        Prices of products are cheaper in comparison to
                         other stores?
                                     Yes    No
                            6%




                                           94%


INTERPRETATION:
Out of 100 respondents, 96% of them found the prices less in comparison to other
stores whereas only 4% feel not.
“isse sasta aur achha kahin nahin”
The above statement is true spotted by the above data.
TO UNDERSTAND THE AVAILABILITY
   OF PRODUCTS IN THE STORE .

         Is it easy to reach or find every product?
                             Yes    No
                       4%




                                   96%




INTERPRETATION:
Out of 100 respondents, 96% are satisfied with the product display and
signage in the store whereas only 4% feel hard to find product.
Customers are satisfied with Product display and signage in the store.
TO UNDERSTAND THE AVAILABILITY
   OF PRODUCTS IN THE STORE .

        Desired Brands are available in Big Bazaar -
                               Yes   No


                       27%


                                           73%




INTERPRETATION:
Out of 100 respondents, 73% of them are satisfied with the brands
available in Big Bazaar whereas 27% of them requires more brands.
More brands are required in electronics and apparels.
TO IDENTIFY THE EFFECTIVENESS
  OF ATMOSPHERICS IN THE STORE

                      Environment in Big Bazaar

     80
     60
     40
     20
      0
             Clean &      Satisfactory        Poor
             Hygenic

INTERPRETATION:
According to maximum number of respondent i.e. 70% feels that cleanliness and
hygiene maintained in the store is up to the mark rest 28% feel it satisfactory and
2% fell it is not up to the mark.
Cleanliness and hygiene maintained in the store is up to the mark.
TO UNDERSTAND THE QUALITY OF
 SERVICES MAINTAINED IN THE STORE

            Behaviour of Sales persons/ promoters is -

    100
     80
     60
     40
     20
       0
              Excellent        Good        Satisfactory       Poor

INTERPRETATION:
Out of 100 respondents, 82% rated good, 18% ared satisfactory but no one rated them
excellent or poor.
Sales persons/ promoters behave well with customers.
TO UNDERSTAND THE QUALITY OF
 SERVICES MAINTAINED IN THE STORE

                     Functioning of Billing Counter

    100
      80
      60
      40
      20
       0
              Excellent        Good        Satisfactory        Poor
INTERPRETATION:
Out of 100 respondents, 86% of people said that services are good, 13% said
satisfactory, only 1% said it excellent and nobody has said ill about the services,
Maximum number of people are highly satisfied with the billing counters of Big
Bazaar.
F INDINGS OF THE STUDY
F INDINGS OF THE STUDY

•   Store performing well in attracting the customers.
•   Big bazaar provides better shopping experience.
•   Sales persons/ promoters behave well with customers.
•   Brands availability in big bazaar is up to the mark. But more brands are
          desired in apparels and electronics.
•   Discounts and offers doing well in the store.
•   Product display and signage is good.
•   Location of big bazaar is outstanding. Parking facility in big bazaar is
          good.
•   Cleanliness and hygiene maintained in the store is up to the mark.

          “isse sasta aur achha kahin nahin”
          “discovering more value”
                    The above statements are true spotted by the above data.
Price Comparison of products of Chill Section with More.

S.No.              Product                     Offer Price

                                       Big Bazaar        More

1.      Pepsi, Mirinda, Mountain Dew   Rs. 95 for 2    Rs. 94 for 2

        (2 L)


2.      Coca Cola, Fanta (2 L)         Rs. 101 for 2     Rs. 49

3.      Frooti (2 L)                   Rs. 140 for 2     Rs. 70

4.      Onjus Juice (1 L)                 Buy 1,         Buy 1,
                                        Get 1 free     Get 1 free

5.      Real Mango Juice (1L)             Rs. 65         Rs. 63

6.      Maaza (1.2 L)                  Rs.95 for 2       Rs. 41
Price Comparison of products of Chill Section with More.

 S.No.            Product                          Offer Price
                                         Big Bazaar             More
 8.      Appy (Pack of 8)                   Rs. 60            Rs. 68.50
 9.      Frooti (Pack of 8)                 Rs. 60            Rs. 68.50
 10.     Dabur Sharbat – e-                 Rs.90               Rs.102
         Azam
 11.     Butter                             M.R.P.         Re. 1 less than
                                                                M.R.P.
 12.     Cheese                             M.R.P.         Re. 1 less than

 INTERPRETATION:
                                                                M.R.P.
 Big Bazaar has created an image of low prices in the market and the customers
 also admit. But by comparing prices of some products of Chill Section (i.e.
 Beverages, Juices, Dairy Products, etc) of Big Bazaar with More Store, it was
 found that more store is offering less prices than that of Big Bazaar.
CONCLUSIONS,
IMPLICATIONS AND
RECOMMENDATIONS
CONCLUSIONS, IMPLICATI
                        ONS AND
                        RECOMMENDATIONS
•   Create more awareness.
•   There should be proper assortment of various product categories.
•   Proper signage should be there so that customer can locate the products easily.
•   Cleanliness and hygiene should be maintained regularly.
•   Proper training should be provided to sales person so that they can deal with the
    customer efficiently.
•   Various schemes and offers can be provided to them and attract new customers
    (Use pull strategy).
•   Number of cash counter needs to be increased keeping in view customer traffic
    intensity (especially on Wednesday, Weekends and Big Days).
•   Quality in products should be increased up to mark.
•   More brands should be made available in the store.
•   Chill section must be nearer to entry or exit gate.
•   More offers are required in the Chill section of Big Bazaar to compete with more
    store.
Competitive Benchmarking of Big bazaar

Competitive Benchmarking of Big bazaar

  • 1.
  • 2.
  • 3.
    I NTRODUCTION OF THE TOPIC Benchmarking is the process of comparing one's business processes and performance metrics to industry bests and/or best practices from other industries. The term benchmarking was first used by cobblers to measure people's feet for shoes. They would place someone's foot on a "bench" and mark it out to make the pattern for the shoes.
  • 4.
    I NTRODUCTION OFTHE C OMPANY
  • 5.
    FUTURE GROUP Future Group,led by its founder and Group CEO, Mr. Kishore Biyani, is one of India’s leading business houses with multiple businesses spanning across the consumption space. While retail forms the core business activity of Future Group, group subsidiaries are present in consumer finance, capital, insurance, leisure and entertainment, brand development, retail real estate development, retail media and logistics.
  • 6.
    Mr. Kishore Biyani Founder and Group CEO, Future Group Considered a pioneer of modern retail in India, Kishore’s leadership has led the group’s transformation into India’s leading player in the consumption sector. Regularly ranked among India’s most admired CEOs, he is the author of the book ‘It Happened in India’. He has won multiple awards from government bodies and the private sector in India and abroad and is on the board of a number of bodies, including the National Innovation Foundation in India and New York Fashion Board.
  • 7.
    F UTURE BRANDS
  • 8.
    BIG BAZAAR  Big Bazaar was launched in September, 2001 with the opening of its first four stores in Calcutta, Indore, Bangalore and Hyderabad in 22 days. Within a span of ten years, there are now 148 Big Bazaar stores in 80 cities and towns across India.  Big Bazaar is designed as an agglomeration of bazaars or Indian markets with clusters offering a wide range of merchandise including fashion and apparels, food products, general merchandise, furniture, electronics, books, fast food and leisure and entertainment sections.
  • 9.
    FOOD BAZAAR  Food Bazaar, a supermarket format was incorporated within Big Bazaar in 2002 and is now present within every Big Bazaar as well as in independent locations.  The share of private labels as a percentage of total Food Bazaar revenues has increased significantly and comprise nearly 50 merchandise categories. While Fresh & Pure brand entered categories like cheese slices, frozen peas, honey, packaged drinking water and packaged tea, the Tasty Treat brand received a very favorable response in new categories like namkeens and wafers. In the home care category, Caremate launched aluminum foil and baby diapers while Cleanmate launched detergent bars and scrubbers.
  • 10.
    ORGANISATION STRUCTURE IN A RETAIL STORE Store Manager Assistant Store Manager Department Manager Assistant Department Manager Team Leader Team Members
  • 11.
    T HE GROUP’ S SPECIALTY RETAIL FORMATS INCLUDE :-  Supermarket chain - Food Bazaar  Sportswear retailer - Planet Sports  Electronics retailer – eZone  Home improvement chain -Home Town  Rural retail chain - Aadhaar  Online shopping portal - www.futurebazaar.com.
  • 12.
  • 13.
  • 14.
    O BJECTIVES OFTHE STUDY
  • 15.
    O BJECTIVES OF THE STUDY • Competitive benchmarking of Big Bazaar Primary with More Store. Objective • To understand the availability of products in the store. • To identify the effectiveness of atmospherics Secondary in the store. Objectives • To understand the quality of services maintained in the store.
  • 16.
    R ESEARCH METHODOLOGY
  • 17.
    R ESEARCH METHODOLOGY Research Design  Type of research - Descriptive  Type of data – Primary data - Structured Questionnaire Secondary Data – Internet, Journals, Newspaper, etc. Statistical tools to be used  Data analysis technique - Quantitative  Data analysis tool - Bar charts, Pie charts.
  • 18.
    R ESEARCH METHODOLOGY Sampling Framework  Sampling - Convenient sampling  Sample size - 100 Data Collection Methods  Data is collected through structured questionnaire.
  • 19.
  • 20.
    C OMPETITIVE BENCHMARKINGOF B IG B AZAAR WITH M ORE S TORE Prices of products are cheaper in comparison to other stores? Yes No 6% 94% INTERPRETATION: Out of 100 respondents, 96% of them found the prices less in comparison to other stores whereas only 4% feel not. “isse sasta aur achha kahin nahin” The above statement is true spotted by the above data.
  • 21.
    TO UNDERSTAND THEAVAILABILITY OF PRODUCTS IN THE STORE . Is it easy to reach or find every product? Yes No 4% 96% INTERPRETATION: Out of 100 respondents, 96% are satisfied with the product display and signage in the store whereas only 4% feel hard to find product. Customers are satisfied with Product display and signage in the store.
  • 22.
    TO UNDERSTAND THEAVAILABILITY OF PRODUCTS IN THE STORE . Desired Brands are available in Big Bazaar - Yes No 27% 73% INTERPRETATION: Out of 100 respondents, 73% of them are satisfied with the brands available in Big Bazaar whereas 27% of them requires more brands. More brands are required in electronics and apparels.
  • 23.
    TO IDENTIFY THEEFFECTIVENESS OF ATMOSPHERICS IN THE STORE Environment in Big Bazaar 80 60 40 20 0 Clean & Satisfactory Poor Hygenic INTERPRETATION: According to maximum number of respondent i.e. 70% feels that cleanliness and hygiene maintained in the store is up to the mark rest 28% feel it satisfactory and 2% fell it is not up to the mark. Cleanliness and hygiene maintained in the store is up to the mark.
  • 24.
    TO UNDERSTAND THEQUALITY OF SERVICES MAINTAINED IN THE STORE Behaviour of Sales persons/ promoters is - 100 80 60 40 20 0 Excellent Good Satisfactory Poor INTERPRETATION: Out of 100 respondents, 82% rated good, 18% ared satisfactory but no one rated them excellent or poor. Sales persons/ promoters behave well with customers.
  • 25.
    TO UNDERSTAND THEQUALITY OF SERVICES MAINTAINED IN THE STORE Functioning of Billing Counter 100 80 60 40 20 0 Excellent Good Satisfactory Poor INTERPRETATION: Out of 100 respondents, 86% of people said that services are good, 13% said satisfactory, only 1% said it excellent and nobody has said ill about the services, Maximum number of people are highly satisfied with the billing counters of Big Bazaar.
  • 26.
    F INDINGS OFTHE STUDY
  • 27.
    F INDINGS OFTHE STUDY • Store performing well in attracting the customers. • Big bazaar provides better shopping experience. • Sales persons/ promoters behave well with customers. • Brands availability in big bazaar is up to the mark. But more brands are desired in apparels and electronics. • Discounts and offers doing well in the store. • Product display and signage is good. • Location of big bazaar is outstanding. Parking facility in big bazaar is good. • Cleanliness and hygiene maintained in the store is up to the mark. “isse sasta aur achha kahin nahin” “discovering more value” The above statements are true spotted by the above data.
  • 28.
    Price Comparison ofproducts of Chill Section with More. S.No. Product Offer Price Big Bazaar More 1. Pepsi, Mirinda, Mountain Dew Rs. 95 for 2 Rs. 94 for 2 (2 L) 2. Coca Cola, Fanta (2 L) Rs. 101 for 2 Rs. 49 3. Frooti (2 L) Rs. 140 for 2 Rs. 70 4. Onjus Juice (1 L) Buy 1, Buy 1, Get 1 free Get 1 free 5. Real Mango Juice (1L) Rs. 65 Rs. 63 6. Maaza (1.2 L) Rs.95 for 2 Rs. 41
  • 29.
    Price Comparison ofproducts of Chill Section with More. S.No. Product Offer Price Big Bazaar More 8. Appy (Pack of 8) Rs. 60 Rs. 68.50 9. Frooti (Pack of 8) Rs. 60 Rs. 68.50 10. Dabur Sharbat – e- Rs.90 Rs.102 Azam 11. Butter M.R.P. Re. 1 less than M.R.P. 12. Cheese M.R.P. Re. 1 less than INTERPRETATION: M.R.P. Big Bazaar has created an image of low prices in the market and the customers also admit. But by comparing prices of some products of Chill Section (i.e. Beverages, Juices, Dairy Products, etc) of Big Bazaar with More Store, it was found that more store is offering less prices than that of Big Bazaar.
  • 30.
  • 31.
    CONCLUSIONS, IMPLICATI ONS AND RECOMMENDATIONS • Create more awareness. • There should be proper assortment of various product categories. • Proper signage should be there so that customer can locate the products easily. • Cleanliness and hygiene should be maintained regularly. • Proper training should be provided to sales person so that they can deal with the customer efficiently. • Various schemes and offers can be provided to them and attract new customers (Use pull strategy). • Number of cash counter needs to be increased keeping in view customer traffic intensity (especially on Wednesday, Weekends and Big Days). • Quality in products should be increased up to mark. • More brands should be made available in the store. • Chill section must be nearer to entry or exit gate. • More offers are required in the Chill section of Big Bazaar to compete with more store.