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Use your imagination and create your own fictitious potential hot toy. Develop an operations and supply chain strategy report that covers the following: Develop a
Use your imagination and create your own fictitious potential "hot" toy.
Develop an operations and supply chain strategy report that covers the following:
- Develop a great idea of a product and spelled out a product design plan and a fitting marketing plan, that covers with all elements of the 4 steps found on page 14 of your text.
- Select and justify a production option, for example.
- Make the product in your own shop.
- Outsource the product to a local toy shop.
- Outsource it to an overseas manufacturer
- There are pros and cons for each, discuss them and pick one.
- Select and justify distribution options.
- Ship direct from your own shop/warehouse on e-commerce.
- Have it drop-shipped from the outside manufacturer.
- Use existing toy distributors and retailers.
- Setup a 3PL to take care of distribution.
- Setup a supply chain for the component parts if you will get involved in assembly.
- Discuss Sustainability Plans.
- Perform two types of justification.
- Selling price(s) of the product bundle intended offering vs. its estimated direct costs (both operations and supply chain through to distributors). Use a sales forecast based on comparable offerings by competitors. Include Break-Even analysis among other profitability calculations of your choice.
- Total investment including estimated development and marketing costs vs. total net revenues of the first two seasons of sales.
- Your job is to present that strategy and its justifications to investors in the form of a business report which covers all required elements.
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