EXECUTIVE
SUMMARY
Distribution
Agency is proposed to be located at any densely populated city such as Karachi,
Lahore, Rawalpindi, Peshawar or Quetta to distribute Fast Moving Consumer Goods
(FMCG) such as Branded Tea, Powdered Milk and Confectionary Items to the Local
market. This business can also be undertaken in all small 2nd tier towns, in
addition to suburban towns of large cities.
This proposed distribution agency will distribute around 10 tonnes each
of tea, powdered milk, biscuits and chocolate / toffees etc per month to the
retailers. The assumed sales force has the capacity to distribute around 60
tonnes of product and initially they will be utilizing 67% of proposed
capacity. Total Cost Estimate of the project is Rs. 2.17 million. The most
critical considerations or factors for success of the project are 1. Product
and Brands to be distributed 2. Negotiation and Marketing Skills 3. Credit
Recovery
BRIEF
DESCRIPTION OF PROJECT
•
Product: It has been suggested that for the proposed distribution business, the
company would act as a main institutional distributor for Fast Moving Consumer
Goods (FMCG) products. The business would distribute; one established tea
brand, any one of packaged Milk, as new brands are growing in the market and
any two of confectionery products i.e. biscuits & toffees etc.
•
Location: Distribution Agency can be
set-up in any major city with significant population such as Karachi, Lahore,
Rawalpindi, Peshawar and Quetta. This business can also be done in all small
second tier towns in addition to suburban towns of large cities.
•
Target Market: The demand of distribution service providers is increasing which
is directly proportionate to the increase in FMCG manufacturing companies which
are expanding substantially with the current economic growth and consumerism.
Therefore the potential target market for the proposed distribution agency
setup is retail stores in densely populated cities such as Karachi, Lahore,
Peshawar, Quetta, Rawalpindi, Islamabad and all second and third tier cities /
towns of Pakistan.
•
Employment Generation: The proposed project will provide direct employment to
15 people. Financial analysis shows the unit shall be profitable from the very first year of
operation
CRITICAL
FACTORS
Critical
success factors that affect the decision to invest in the proposed business
are:
i)
Products and Brand Product and Brands to be distributed would act as a key
success factor for the proposed distribution business. Greater the brand
awareness in the market, higher would be the chances of business success. It is
suggested that prospective entrepreneur should obtain distribution agreement
for at least one successful brand.
ii)
Background Experience Background experience plays an important role in
operating a small to medium scale Distribution Agency, especially when dealing
with customers, deciding the business development activities to be carried out
and negotiating on commercial terms and conditions, etc.
iii)
Marketing Skill The entrepreneur must have effective PR & marketing skills.
These marketing skills should enable the entrepreneur to carryout business
development activities to target potential customers and also to maintain
existing client base.
iv)
Strong Sub-distributor A strong sub-distributor network also plays an important
role in generating additional business. Such a network is imperative in
developing a strong customer base which might remain restricted if operated
alone.
v)
Skilled & Experienced Manpower The knowledge and experience of the
entrepreneur is not sufficient to run the business smoothly. A major proportion
of business development activities and accounts receivables are managed by
sales personnel employed by the agency.
Therefore, it is crucial for the distribution agency to hire experienced
and skilled sales staff that can bring in new business and retain existing
customer base.
INSTALLED
AND OPERATIONAL CAPACITIES
For
the proposed project it is assumed that 480 tonnes / annum of various consumer
goods will be distributed across the city where the distribution company is
set-up with 5% sales volume growth assumption. For this purpose a staff of
total 15 persons will be justifying their job description in various
capacities.
It
has been suggested that for the proposed distribution business, the company
would act as a main institutional distributor for Fast Moving Consumer Goods
(FMCG) products. The business would distribute; one established tea brand, any
one of packaged Milk, as new brands are growing in the market and any two of
confectionery products i.e. biscuits & toffees etc.
Products
for distribution have been selected for the proposed business by foreseeing
their high potential and anticipated expansion in the manufacturing of these
products. However, as these products are perishable, efficient distribution
operations would be necessary. In order to leverage the opportunity for further
business expansion, intensive distribution practice would be followed which
means that the business would place its products and services in as many
outlets as possible, employing the First in First Out method.
It
is proposed that Milk should not be stored in the warehouse for more than 03
days, whereas, tea and confectionery may remain in stock for 07 days at most.
However, it is suggested that time for a product to leave the warehouse and be
distributed should be as minimum as possible.
GEOGRAPHICAL
POTENTIAL FOR INVESTMENT
The
growing trend of consumerism and increase in population has increased
opportunities for the FMCG distribution business in Pakistan. The influx of
rural population into urban areas has also increased the demand of consumer
goods, therefore, proposed Distribution Agency can be set-up in any major city
with significant population such as Karachi, Lahore, Rawalpindi, Peshawar and
Quetta. This business can also be done in all small second tier towns, in
addition to suburban towns of large cities.
POTENTIAL
TARGET MARKETS
Pakistan
has a domestic market of above 185 million consumers with growing incomes &
changing consumption habits. Population growth, increase in per capita income,
and urbanization have led to demand of distribution agencies. Consumerism and
introduction of new products have fuelled demand. The target market for the
proposed set-up is retail stores in densely populated cities such as Karachi,
Lahore, Peshawar, Quetta, Rawalpindi, Islamabad & all second and third tier
cities / towns of Pakistan.
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