Araştırma Makalesi

CUSTOMER SEGMENTATION WITH CLUSTERING METHODS IN THE RETAIL INDUSTRY

Cilt: 16 Sayı: 4 22 Ekim 2024
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CUSTOMER SEGMENTATION WITH CLUSTERING METHODS IN THE RETAIL INDUSTRY

Öz

The marketing world moves away from product-oriented work, understood customer importance, and shifts towards customer-centered practices. Today with tech development and increasing competition, company-customer relations become more important. Creating a customer profile is critical for businesses to recognize their customers and distinguish their most profitable customers. By understanding their customer behavior, companies can tailor their marketing and customer relationship management strategies to suit them and fulfill their customer needs, increasing their satisfaction and loyalty to their business, and encouraging them to shop from them again. Thus, this study aims to categorize customers based on RFM metrics and interpret the obtained clusters from a marketing perspective. At the segmentation phase, hierarchical and non-hierarchical clustering methods, namely k-means, AGNES, and DBSCAN, are used and the results are compared. First, data, which consist of the shopping information of 38975 customers who shopped from e-commerce in one year, are collected from a textile retail company in Istanbul. Then, the purchase amount spent by customers is additionally scored to reveal the most valuable customers. It is observed that better results are mined from the k-means algorithms. As a result, four different customer types are determined: loyal customer, potential customer, new customer, and lost customer types. In conclusion, profile-oriented marketing strategies are presented.

Anahtar Kelimeler

Kaynakça

  1. Adomavicius, G., & Tuzhilin, A. (2001). Using data mining methods to build customer profiles. Computer, 34(2), 74-82.
  2. Bhatia, T. K., Gupta, S., & Sharma, A. (2022, October). Analysis of Customer Segmentation Model through K-Means Clustering. In 2022 10th International Conference on Reliability, Infocom Technologies and Optimization (Trends and Future Directions)(ICRITO) (pp. 1-6). IEEE.
  3. Birant, D. (2011). Data Mining Using RFM Analysis, Knowledge-Oriented Applications in Data Mining, Prof. Kimito Funatsu (Ed.), ISBN: 978- 953-307- 154-1, InTech.
  4. Brahmana, R. S., Mohammed, F. A., & Chairuang, K. (2020). Customer segmentation based on RFM model using K-means, K-medoids, and DBSCAN methods. Lontar Komput. J. Ilm. Teknol. Inf, 11(1), 32.
  5. Buckinx, W., & Van den Poel, D. (2005). Customer base analysis: partial defection of behaviourally loyal clients in a non-contractual FMCG retail setting. European journal of operational research, 164(1), 252-268.
  6. Caliński, T., & Harabasz, J. (1974). A dendrite method for cluster analysis. Communications in Statistics-theory and Methods, 3(1), 1-27.
  7. Chan, C. C. H. (2008). Intelligent value-based customer segmentation method for campaign management: A case study of automobile retailer. Expert systems with applications, 34(4), 2754-2762.
  8. Chang, H. C., & Tsai, H. P. (2011). Group RFM analysis as a novel framework to discover better customer consumption behavior. Expert Systems with Applications, 38(12), 14499-14513.

Ayrıntılar

Birincil Dil

İngilizce

Konular

Müşteri İlişkileri Yönetimi

Bölüm

Araştırma Makalesi

Yayımlanma Tarihi

22 Ekim 2024

Gönderilme Tarihi

13 Temmuz 2024

Kabul Tarihi

4 Eylül 2024

Yayımlandığı Sayı

Yıl 2024 Cilt: 16 Sayı: 4

Kaynak Göster

APA
Şentürk, H., Geçici, E., & Alp, S. (2024). CUSTOMER SEGMENTATION WITH CLUSTERING METHODS IN THE RETAIL INDUSTRY. İstanbul Aydın Üniversitesi Sosyal Bilimler Dergisi, 16(4), 551-573. https://izlik.org/JA38HN88RX
AMA
1.Şentürk H, Geçici E, Alp S. CUSTOMER SEGMENTATION WITH CLUSTERING METHODS IN THE RETAIL INDUSTRY. İAÜD. 2024;16(4):551-573. https://izlik.org/JA38HN88RX
Chicago
Şentürk, Hayriye, Ebru Geçici, ve Selçuk Alp. 2024. “CUSTOMER SEGMENTATION WITH CLUSTERING METHODS IN THE RETAIL INDUSTRY”. İstanbul Aydın Üniversitesi Sosyal Bilimler Dergisi 16 (4): 551-73. https://izlik.org/JA38HN88RX.
EndNote
Şentürk H, Geçici E, Alp S (01 Ekim 2024) CUSTOMER SEGMENTATION WITH CLUSTERING METHODS IN THE RETAIL INDUSTRY. İstanbul Aydın Üniversitesi Sosyal Bilimler Dergisi 16 4 551–573.
IEEE
[1]H. Şentürk, E. Geçici, ve S. Alp, “CUSTOMER SEGMENTATION WITH CLUSTERING METHODS IN THE RETAIL INDUSTRY”, İAÜD, c. 16, sy 4, ss. 551–573, Eki. 2024, [çevrimiçi]. Erişim adresi: https://izlik.org/JA38HN88RX
ISNAD
Şentürk, Hayriye - Geçici, Ebru - Alp, Selçuk. “CUSTOMER SEGMENTATION WITH CLUSTERING METHODS IN THE RETAIL INDUSTRY”. İstanbul Aydın Üniversitesi Sosyal Bilimler Dergisi 16/4 (01 Ekim 2024): 551-573. https://izlik.org/JA38HN88RX.
JAMA
1.Şentürk H, Geçici E, Alp S. CUSTOMER SEGMENTATION WITH CLUSTERING METHODS IN THE RETAIL INDUSTRY. İAÜD. 2024;16:551–573.
MLA
Şentürk, Hayriye, vd. “CUSTOMER SEGMENTATION WITH CLUSTERING METHODS IN THE RETAIL INDUSTRY”. İstanbul Aydın Üniversitesi Sosyal Bilimler Dergisi, c. 16, sy 4, Ekim 2024, ss. 551-73, https://izlik.org/JA38HN88RX.
Vancouver
1.Hayriye Şentürk, Ebru Geçici, Selçuk Alp. CUSTOMER SEGMENTATION WITH CLUSTERING METHODS IN THE RETAIL INDUSTRY. İAÜD [Internet]. 01 Ekim 2024;16(4):551-73. Erişim adresi: https://izlik.org/JA38HN88RX


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