Abstract :
PT. Pipa Tanpa Kampuh Indonesia (PTKI) is one of the industrial companies for manufacturing seamless steel pipes in Indonesia which has the ability to produce the final product Oil Country Tubular Goods (OCTG) and pipelines (Linepipe), which are used to support operations in the upstream oil and gas industry. The Company currently has an average Local Content of 27.11% for High-Grade products and 21.02% for Low-Grade products. The plant most likely produces products with the High-Grade type, where the market demand for this product gradually decreases every year. It was affecting the Company’s revenue which decreased in recent years; moreover, the utilization of the installed production capacity has also decreased. Therefore, the Company is attempting to penetrate the market for Low-Grade products, which requires developing an effective marketing strategy to compete in this highly competitive market segment. This research conducts internal & external analysis of the Company using PESTEL analysis, Porter’s 5 Forces, competitor analysis, and customer analysis with interviews are used to conduct external analysis. Meanwhile, Porter’s Value Chain analysis, Segmentation-Targeting-Positioning (STP), Marketing mix 7P, and internal management interviews are used to conduct internal analysis. Further analysis was carried out using the SWOT, TOWS matrix and Root-cause analysis (RCA) with the Five Why’s method. According to the analysis, it can be concluded that PTKI’s customers respect the existing regulations, particularly those regulating the use of domestic products, and they expect a fast delivery time for Low-Grade products. Therefore, it may be recommended to the Company that product differentiation be considered to increase local content and do strategic stocking of materials commonly used in Indonesia.
Keywords :
Five Whys, Marketing Strategy, OCTG and Linepipe, Product Differentiation, Seamless steel., SWOTReferences :
- Arifka, Nurul, 2021, “Skripsi: Penerapan strategi bauran pemasaran 7P dalam meningkatkan penjualan”, Fakultas ekonomi dan bisnis islam- IAIN Purwokerto.
- Cadle, J., Paul, D. and Turner, P., 2014. “Business analysis techniques”, BCS- The chartered institute for IT, Swindon.
- Gurel, E. and Tat, M., 2017, “SWOT Analysis: A Theoretical Review” The Journal of International Social Research, Vol. 10.
- Hole, Y and Bhaskar, M, 2019, “Porter’s Five Forces Model: Gives You A Competitive Advantage”, Cihan College School, Iraq.
- Ismanto, Juli, 2020, “Manajemen Pemasaran”, Pamulang University, Banten, Indonesia.
- Malhotra, Naresh K., “Marketing research 6th Edition”, Georgia Institute of Technology, New Jersey.
- Obermiller, C. Et al., 2008, “Sustainable business as marketing strategy”, Innovative Marketing, Volume 4, Issue 3.
- Rothaermel, Frank T., 2021. “STRATEGIC MANAGEMENT 5th Edition”, McGraw-Hill Education, New York.
- Serrat, O., 2009, “The Five Whys Technique”, Asian Development Bank (ADB), Manila, Phillipines
- Thongsookularn, S., 2019, “Strategic formulation meaning, definition and explanation”, Silpakorn University International College (SUIC), Bangkok, Thailand.
- Wardhana et al., 2020, “Manajemen Pemasaran (Dasar & Konsep)”. CV. Media Sains Indonesia, Bandung, Indonesia.