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