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Explain the Stages in food Product development Process?
Food Product Development Process: The food product coordinates the technology used by the company and its culture to develop a multifunctional and disciplined system. i. Planning Phase:The planning phase is an important phase in food product development. This phase comprises two product independent stages. Food trading plan- This plan is the result of the retailers annual strategic planning exercise. Category plan- this is based on Efficient Consumer Response (ECR) ii. Product Development Phase: Development briefing:
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Explain in detail the major inventory management techniques? Just-In-Time Drop shipping Bulk shipments • Cleaning out old inventory
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