Sutiwat Tinburanakul. B2B customer segmentation and market basket analysis: a case study of an office supplier company. Master's Degree(Data Science and Analytics). King Mongkut's Institute of Technology Ladkrabang. Central Library. : King Mongkut's Institute of Technology Ladkrabang, 2023.
B2B customer segmentation and market basket analysis: a case study of an office supplier company
Abstract:
In today's highly competitive business landscape, B2B companies are constantly seeking innovative ways to better understand and serve their customers. This study explores customer segmentation in a B2B office supply company using K-means clustering to segment customers into distinct groups based on recency, frequency, and monetary Value (RFM) analysis and number of product section variety, we employ the Apriori and FP-Growth algorithms. These Market Basket algorithms are used to identify frequent itemsets and association rules among purchased products. By comparing the results and runtime performance of Apriori and FP-Growth, we aim to determine which algorithm is more efficient for uncovering meaningful business insights within the context of B2B office supplies. Furthermore, association rules generated by these algorithms serve as additional criteria to justify the segmentation results obtained from K-means clustering. This integration of customer behavior analysis through Market Basket algorithms not only enhances the quality of customer segmentation but also provides valuable insights into cross-selling opportunities, product bundling strategies, and overall business performance
King Mongkut's Institute of Technology Ladkrabang. Central Library