Devi, Rizky Feliana
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Customer Segmentation Based on RFM Analysis as the Basis of Marketing Strategy Case Study of PT Pertiwi Agung Pharmaceutical Industry (LANDSON) Devi, Rizky Feliana; Siswanto, Fajar Hartanto; Azkia, Nayla; Heikal, Jerry
BUDGETING : Journal of Business, Management and Accounting Vol 5 No 2 (2024): BUDGETING : Journal of Business, Management and Accounting
Publisher : Institut Penelitian Matematika Komputer, Keperawatan, Pendidikan dan Ekonomi (IPM2KPE)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31539/budgeting.v5i2.8994

Abstract

The Pharmaceutical Company is a company that has quite large raw material import activities and has many benefits for society and institutions such as hospitals. Pharmaceutical companies play an important role in improving the quality of life of the human population in modern times because, in the field of marketing, pharmaceutical companies face increasing sales performance and profits, as well as maintaining customer loyalty. Pharmacy retail customers usually make drug purchases influenced by the selling price and suitability factors (suggestions) for certain drug brands. Based on these conditions, drug purchasing patterns for the Indonesian people become unpredictable, and it is difficult to increase sales and profits. One effort that pharmaceutical business players can make is to carry out sales promotions based on customer segmentation. Customer segmentation in pharmaceutical companies can be done using clustered data mining analysis methods, such as modified Recency Frequency Monetary (RFM). This method allows companies to group customers based on purchasing patterns of pharmaceutical products, thereby allowing companies to prioritize energy and resources to different segments. After the scoring and data processing process, the number of customers for each RFM Score is obtained, then the Monetary group is segmented which is divided into 4 (four) parts, namely Best Customers by quantity (36), Loyal Customers by quantity (188), Potential Customers by quantity (34) and Lost Customers by quantity (61). Then we continue to map it into only 3 (three) parts, namely Best Customers, Loyal Customers, and Potential Customers using blue as a sign to see the score range. From the results of dividing the 3 (three) group segmentations, the Loyal Customer Score segmentation is greater in quantity (188) so the blue color is darker than the others, which shows that the more customers spend their money. Of the 3 (three) customer segmentation sections, we put all of them into the Best Customer category, because they have introduced new products or products they have not purchased. By using RFM analysis, you can quickly find out customer targets that will be prioritized in carrying out marketing, campaigns, promotions, and rewards using digital channels and direct customer relations. Keywords: Farmasi Company, Group Segmentation, Recency Frequency Monetary (RFM).
Application of K-Means Clustering to Analyze Insurance Data at PT AXA Insurance Indonesia Azkia, Nayla; Devi, Rizky Feliana; Siswanto, Fajar Hartanto; Heikal, Jerry
BUDGETING : Journal of Business, Management and Accounting Vol 6 No 1 (2024): BUDGETING : Journal of Business, Management and Accounting
Publisher : Institut Penelitian Matematika Komputer, Keperawatan, Pendidikan dan Ekonomi (IPM2KPE)

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

The object of this research is the company PT. AXA Insurance Indonesia, with 10 marketing offices in 8 big cities. The data used are 50 general insurance participants with 4 different premiums, namely property, travel, vehicles, and health, in the form of qualitative data that can be calculated as numbers and numerical variables to be used for this research. The aim of this research is to obtain the products and services from the company PT AXA Insurance Indonesia that are most in-demand based on currently available data on insurance participants so that they can develop and market insurance products more widely and on target. Data research uses the K-Means Algorithm which is one of the algorithms in the clustering or grouping function where the data analysis method is carried out by means of Data Mining. From the research results, the 5-cluster analysis concluded that the average data of men aged 25-46 years and over who are married with an income of 10 million prefer property and vehicle insurance products. Then for the average data of women aged 25-35 years who are already married or unmarried with an income of 10 million prefer health insurance products. Keywords: Data Mining, Insurance, K-Means.