Issues to select new product and service , Supply Chain Management

Assignment Help:

To set the foundation for your Portfolio, please include the following in your report:

  1. a description of your new product/service and why you selected it
  2. target market and description
  3. brief competitive review
  4. brief SWOT analysis
  5. how will you position the product within the target market?


1-2 pages that will focus on The Product Life Cycle and how it affects the product/service within your Portfolio.

1. what stage of the product life cycle do you think will be most critical to the success of your new venture? Why?
2. describe the anticipated shape of your product life cycle. What proactive measures will you take to deal with this?
3. what product or market modification strategies might you anticipate as your initiative moves through the cycle?

how to establish a Brand for your product/service.

You will complete a summary of no more than 1-2 pages that will focus on establishing and maintaining your Brand.

• describe the brand you will establish across as many dimensions as you think are relevant

  1. what will your brand association be? i.e. what is the one thing, above all else, that you want your product/service to be associated with?
  2. are there any particular branding strategies you will employ given your target market or competition?
  3. describe any packaging or labelling features, if applicable, and why are they appropriate given your strategy?

the Pricing Strategy for your product/service.
no more than 1-2 pages that will focus on establishing appropriate pricing. For this week's section, please include at a minimum the following in your report:

1. given the nature of your product/service, what strategic considerations do you think are important when setting your price?
2. what kind of objectives are most important for your product/service when setting the price? i.e. financial goals, perception, competitive, etc.
3.  how sensitive do you think your buyers will be to changes in price?
4. what process do you think will be most suitable in setting price?
5. will any price adjustments be part of your strategy? If so, why?

Channel and Supply Chain Strategy. no more than 1-2 pages
• describe in general the type of channels you might utilize for your product/service? Why do you think it is appropriate?

  1. how do you think this channel strategy will help establish a competitive edge over your competition?
  2. given the nature of your product/service, how important will supply chain and logistics be to your product's profitability?
  3. what strategies might you employ to make supply chain as efficient and low cost as possible?


• Personal Selling and Sales Management. no more than 1-2 pages that will focus on this topic.

  1. what kind of sales force model do you think will work best for your new product/service, and why?
  2. how will your salespeople be compensated, and how might you organize the sales force for maximum coverage of your target market?
  3. how does your sales strategy integrate with your channel strategy, as previously documented?
  4. what type of training do you think your salespeople will require in order to be proficient in selling your product/service?

Related Discussions:- Issues to select new product and service

Student, What are the activities in promotional mix?

What are the activities in promotional mix?

Stocks, Differentiate between stock checking, stock taking and stock verifi...

Differentiate between stock checking, stock taking and stock verification

Calculate the costs for the existing supply chain , The Logistics Director ...

The Logistics Director of a retailer based in the UK has asked for your advice. The Logistics Director works for a company that purchases a range of household furnishing product

Homework, is it possible to help homework

is it possible to help homework

Explain the concept of financial supply chain, Online electronic billing an...

Online electronic billing and payments are becoming the common method for effecting business transactions. a. Explain the concept of Financial Supply Chain (FSC) and illustrat

The 7 Principles of Supply Chain Management, refer to the article: 7 Princi...

refer to the article: 7 Principles of supply chain management (by David L. Anderson and etc.). Students are expected to critique the article.

Stages of strategic quality management process, Question 1: Show the ob...

Question 1: Show the objectives of strategic quality management. Describe the stages of strategic quality management process. Meaning of Strategic Quality Management

Evaluate the case for outsourcing the transport, Question 1: Critically...

Question 1: Critically evaluate the case for outsourcing the transport and distribution activities of an organisation to a third party provider. Question 2: a) What are

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd