Steel Industry in Thailand has various type of product. In this report, we mainly focus in “Metal Sheet 0r Roof” industry. There are 4 companies that we have chosen which are Permsin Steel Work Co. Ltd., Munkong Steel Company, Thai Syncon and Supplies Co. Ltd. and SV Metal World Company. We have got a high cooperation from these 4 interviewed companies. “Roof Steel” industry has high in competitive atmosphere due to the low of competitive rivalry. There are 3 levels that can measure the size of each company and the position in the market 1. Revenue more than 1,000-2,000 million Baht about 3-5 companies 2. Revenue around 100-600 million Baht about 10 companies 3. Revenue less than 100 million Baht and …show more content…
They have a lot of existing customers that trust with their company. Service – Free transportation for customers who order the company product that no other competitors do like this. Less complex management because they rent inventory and reduce cost for company. Weaknesses Fewer product lines when compares with big competitors so it may cause risk to company because they concentrate only color metal sheet and in engineering field. It is a new company in this industry so, it hard to fight with big competitors that have a lot of budget to expand or promote itself also hard to gain trust from new customers to buy their product. It doesn’t provide a one stop service for customers like other big competitors e.g. interior or exterior design, find supplier for construction and etc. No high technological machine. Lack of efficiency workers Permsin Steel Company Profile1 {draw:rect} Our vision To provide the best quality steel products, technical assistance, friendly and timeliness service, to our customer To improve the efficiency of our staff, operational system and dedication in both quality and customer service. To complied with the ISO 9001 version 2008 standard. Product
The R & D facilities allowed them to continuously come up with new products in the market. In my opinion they are flooding the markets with many new products, in a way they are confusing an average golf player with too many different types of golf club.
Improve the customer service and make sure the customers give no complaints and make sure they are satisfied with all the services provided by the company and keep close contact with the customers and be very friendly with them and keep them happy. Give the regular customers’ high discount and encourage them to come more often. This is our main goal for us to achieve because we want to make sure the customers are satisfied with our services.
stems from two main factors, lack of awareness of the company’s products due to limited
business purpose. All-in-all their promise is to have the best quality in customer service with a
Its current high price point/quality marketing strategy also introduces it to a variety of competitors. Predominantly these are British and European products that employ the cachet of their point of origin to justify their high price point. Other products, some not even manufactured in P E I compete for the linkage
It lacks thorough understanding of its target market (the needs of the present and future customers).
They are facing difficulty in logistics and procurement restricted to imports from Taiwan. Sometimes, they are also have marketing budget of their products during their promotion.
Simply, company started to sell everything that is commercially profitable, which is big mistake in the long term.
That relates directly to winning a larger market share. The short-term goal for the company should be to cut coasts and improve the human resource department functions. Which can be done through the above stated suggestions of the improvement of the business.
Also, engineers can be assured of retaining focus to their core product. Arrayed against this are many cons. Firstly, there is no sufficient capital as well as prospects of future funding coming in through VC 's. No expertise in marketing, sales and distribution is another major weakness. Since they have only one product to sell, it involves a substantial amount of risk to take a bet on unexplored markets. Also, it is mentally geared to being taken over, as mentioned in the "Phase III plan" prepared by Cannon for the upcoming year.
The company was too reliant on orders from the US Government. They need to expand its operations into other areas.
to provide efficiency and custom tailored to deliver what the needs of the customer are. The
* Advanced online home delivery services. It had signed a contract with Safeway in the United States to develop its home-shopping service.
Company had to face problems with it past image which was displeasing in the minds of its customers.
The industry structure analysis of the metal can industry mainly depends on the assessment of the five competitive forces which shapes the industry which is following: