Table of Contents
1. Ideation
2. Procurement
a. Sourcing
b.Purchasing
3. Manufacturing
4. Distribution
1. Ideation
What are the steps to identifying that a need exists in the market?
Do investigations and surveys to see what clients want
What are the steps to coming up with new product designs?
1: See what people need 2: make designs 3: test the designs 4: start manufacturing if tests are successful
2. Procurement
a. Sourcing
How will you find potential suppliers and evaluate their capabilities? What are your criteria?
See their past projects
Google them
List reasons why it is important to build relationships with suppliers.
It will be easier for you to work with them because they will be more familiar with you
Maybe price will be lower if they know you will choose their supplies everytime
b.Purchasing
What are the steps to negotiating the terms and conditions with suppliers?
1: tell suppliers what you need
2: ask them for how much it would cost 3: try to cut the price
How will you monitor order progress and ensure timely delivery?
Leave records and send people to inspect them
3. Manufacturing
Describe the steps in the manufacturing process from start to finish.
1: Gather materials
2: tell workers about the design
3: start manufacturing
What are your quality control measures?
Deploy people to look at every manufactured product and see if they are okay
4. Distribution
What are the steps involved in processing customer orders?
1: Make sure who wants to order from you
2: make them sign forms and pay
3: deliver products
What are the steps to preparing and transporting products to customers or retailers?
1: Check if the product is in good condition
2: Contact delivery companies
3: Send the products to clients