MKT Term Paper
MKT Term Paper
Section: 01
NAMES ID
Muhtasim Abrar Ehsan 1710292
To,
Dear Sir,
We are immensely grateful for the opportunity to enhance our understanding through
this project. We hope that you will find our efforts satisfactory. We are more than willing
to clear any further queries regarding this assignment. Thank you for considering our
work.
Yours sincerely,
MD Rakib Islam
We are incredibly fortunate to have to the opportunity to take MKT475 course with our
outstanding and amazing instructor, Professor Dr Rafiuddin Ahmed. The way she
motivated and inspired us has sparked a keen interest in this course. He is always
ready to help and guide us when we need it most, showing us the right path. We are
forever grateful to you. We have put in our best effort to complete this task as accurately
and thoroughly as possible. The entire team contributed to this project, offering valuable
insights and encouragement that were crucial to its success. We appreciate their
unwavering support.
Executive Summary
For instance, Unilever, which is one of the top fast-moving consumer goods (FMCG)
firms in the world, has made the decision to digitalize its operations and services in
order to maintain its competitive edge. In the industry that the company operates in,
adaptability is required because of the frequent changes in the market, the tastes of
consumers, and the worldwide supply chains. As a result, the digital transformation plan
of Unilever entails the incorporation of cutting-edge digital technology in order to
redesign the company's internal systems, marketing tactics, supply chain management,
and consumer interaction procedures.
The purpose of this study is to investigate the significance of digital transformation, its
many different domains, and the ways in which businesses such as Unilever are
leveraging these techniques to create a competitive advantage in the international
market.
The internet age has made business opportunities more accessible to more people. As
a result of the rapid growth of digital platforms and e-commerce, even tiny firms are now
able to communicate with customers all over the world. As a result of the increased
rivalry, however, it has become increasingly difficult to differentiate oneself from the rest
of the crowd. To differentiate oneself in this day, digital transformation (DX) is the most
important factor to consider.
Not only has Unilever acknowledged the need of digital literacy for its workforce, but it
has also acknowledged its value for its customers. An investment has been made by
the corporation to educate its staff members on how to make good use of digital tools.
An example of this would be the introduction of the Unilever Digital Academy, which is
an internal platform that aims to improve employees' skills in areas such as data
analytics, digital marketing, and artificial intelligence.
Unilever's dedication to digital literacy extends to its customers as well, which is a
significant step. For the purpose of educating its clients about the advantages of
incorporating environmentally friendly products and technological advancements into
their everyday lives, the firm makes use of digital platforms such as Unilever.com and
social media outlets.
For the purpose of maintaining a sense of connection among their workforce, the
management of Unilever, including their CEO Alan Jope, have embraced digital
communication technologies such as Zoom, Microsoft Teams, and Slack. Not only do
they stress the significance of being clear and responsive, but they also make sure that
their messages are succinct and straightforward. An environment that encourages open
and honest communication is fostered by the leadership of Unilever through the
provision of feedback in a timely and professional manner.
In addition, Unilever makes use of data in order to improve its comprehension of the
digital body language of its customers. By way of illustration, Unilever is able to monitor
the sentiment of social media and alter its marketing strategy based on how customers
interact with the brand by utilizing its customer service platform that is powered by
artificial intelligence. Because of this, the organization is able to improve its engagement
skills and make certain that its communication is in line with the expectations of its
customers.
In addition, Unilever Foundry is a platform for innovation that links with tech
communities and entrepreneurs in order to discover new ideas and technology. This
affords the corporation the opportunity to engage in ongoing education and gain access
to emerging technology advancements, which enables Unilever to maintain its
competitive edge in a market that is constantly shifting.
Unilever also places a strong emphasis on mentorship programs, which are designed to
provide more experienced employees with digital knowledge with guidance to fresh
hires. Through the implementation of an internal knowledge-sharing program, the
company is able to improve its overall digital aptitude and ensure that learning is deeply
established within the culture of the organization.
The company Unilever has been able to increase its operational efficiencies, cut costs,
and enhance product innovation by investing in digital tools such as artificial
intelligence, internet of things, and cloud computing. Through the implementation of its
Sustainable Living Plan, the organization has made use of digital technologies to
monitor its long-term sustainability objectives and assess its impact on the environment
in real time.
Through data-driven marketing, the company has also been able to improve its market
share. This marketing strategy involves utilizing insights from consumer behavior in
order to develop targeted marketing campaigns and products. At Unilever, for instance,
artificial intelligence algorithms are used to determine consumer preferences and
trends. This enables the corporation to manufacture products that are more specifically
targeted and to communicate with customers through the appropriate channels.
Unilever is in a strong position to continue to lead the way by embracing new digital
technologies that are in line with its sustainability aims. The future opportunities of
digital transformation in the fast-moving consumer goods industry are enormous.
Unilever makes use of a variety of data analytics solutions, including the following:
Data Analytics Tools Utilized by Unilever Bangladesh in the Digital Transformation Era
In the Digital Transformation (DX) era, Unilever Bangladesh has strategically integrated
a suite of advanced data analytics tools to enhance its operational efficiency, customer
engagement, and market competitiveness. These tools enable Unilever to harness vast
amounts of data, derive actionable insights, and make informed decisions that drive
business growth and sustainability.
Unilever Bangladesh leverages SAP S/4HANA, a robust ERP system, to streamline its
supply chain, finance, and operations. This tool integrates various business processes
into a unified platform, facilitating real-time data access and analysis. By utilizing SAP’s
in-memory computing capabilities, Unilever can process large datasets swiftly, enabling
quick decision-making and enhancing overall operational agility.
Business Intelligence (BI) and Data Visualization: Tableau and Microsoft Power BI
To transform raw data into meaningful visual insights, Unilever Bangladesh uses
Tableau and Microsoft Power BI. These BI tools enable the creation of interactive
dashboards and reports, facilitating data-driven decision-making across various
departments. Managers can monitor key performance indicators (KPIs), track sales
trends, and identify market opportunities through intuitive visualizations.
In the realm of digital marketing, Unilever Bangladesh employs Google Analytics and
Adobe Analytics to track and analyze website traffic, user behavior, and campaign
performance. These tools provide detailed metrics on customer engagement,
conversion rates, and ROI, allowing Unilever to optimize its digital marketing strategies
and enhance online presence.
Advanced Analytics and Machine Learning: IBM Watson and Python-based Tools
For more sophisticated data analysis, Unilever Bangladesh utilizes IBM Watson and
Python-based analytics tools. IBM Watson’s artificial intelligence capabilities enable
predictive analytics, sentiment analysis, and natural language processing, which are
crucial for understanding consumer sentiments and forecasting market trends. Python,
with its extensive libraries such as Pandas, NumPy, and Scikit-learn, is used for custom
data modeling and machine learning applications, driving innovation in product
development and market strategies.
Optimizing the supply chain is critical for Unilever Bangladesh. Tools like Kinaxis and
Llamasoft are used to model, simulate, and analyze supply chain operations. These
analytics platforms help Unilever in demand forecasting, inventory management, and
logistics optimization, ensuring a responsive and resilient supply chain that meets
market demands effectively.
Data Analytics Tools Utilized by Unilever Bangladesh in the Digital Transformation Era.
In the Digital Transformation (DX) era, Unilever Bangladesh has strategically integrated
a suite of advanced data analytics tools to enhance its operational efficiency, customer
engagement, and market competitiveness. These tools enable Unilever to harness vast
amounts of data, derive actionable insights, and make informed decisions that drive
business growth and sustainability.
Unilever Bangladesh leverages SAP S/4HANA, a robust ERP system, to streamline its
supply chain, finance, and operations. This tool integrates various business processes
into a unified platform, facilitating real-time data access and analysis. By utilizing SAP’s
in-memory computing capabilities, Unilever can process large datasets swiftly, enabling
quick decision-making and enhancing overall operational agility.
Business Intelligence (BI) and Data Visualization: Tableau and Microsoft Power BI
To transform raw data into meaningful visual insights, Unilever Bangladesh uses
Tableau and Microsoft Power BI. These BI tools enable the creation of interactive
dashboards and reports, facilitating data-driven decision-making across various
departments. Managers can monitor key performance indicators (KPIs), track sales
trends, and identify market opportunities through intuitive visualizations.
Marketing Analytics: Google Analytics and Adobe Analytics
In the realm of digital marketing, Unilever Bangladesh employs Google Analytics and
Adobe Analytics to track and analyze website traffic, user behavior, and campaign
performance. These tools provide detailed metrics on customer engagement,
conversion rates, and ROI, allowing Unilever to optimize its digital marketing strategies
and enhance online presence.
Advanced Analytics and Machine Learning: IBM Watson and Python-based Tools
For more sophisticated data analysis, Unilever Bangladesh utilizes IBM Watson and
Python-based analytics tools. IBM Watson’s artificial intelligence capabilities enable
predictive analytics, sentiment analysis, and natural language processing, which are
crucial for understanding consumer sentiments and forecasting market trends. Python,
with its extensive libraries such as Pandas, NumPy, and Scikit-learn, is used for custom
data modeling and machine learning applications, driving innovation in product
development and market strategies.
Optimizing the supply chain is critical for Unilever Bangladesh. Tools like Kinaxis and
Llamasoft are used to model, simulate, and analyze supply chain operations. These
analytics platforms help Unilever in demand forecasting, inventory management, and
logistics optimization, ensuring a responsive and resilient supply chain that meets
market demands effectively.
Closing Remarks
References
https://www.unilever.com/sustainability/responsible-business/advertising-
and-marketing/
https://www.scribd.com/document/438158757/Marketing-Strategy-of-
Unilever-Bangladesh
https://www.lawyersnjurists.com/article/marketing-concept-unilever-
bangladesh/