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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:

  1. 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.
  2. Select and justify a production option, for example.
    1. Make the product in your own shop.
    2. Outsource the product to a local toy shop.
    3. Outsource it to an overseas manufacturer
  3. There are pros and cons for each, discuss them and pick one.
    1. Select and justify distribution options.
    2. Ship direct from your own shop/warehouse on e-commerce.
    3. Have it drop-shipped from the outside manufacturer.
    4. Use existing toy distributors and retailers.
    5. Setup a 3PL to take care of distribution.
  4. Setup a supply chain for the component parts if you will get involved in assembly.
  5. Discuss Sustainability Plans.
  6. Perform two types of justification.
    1. 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.
    2. Total investment including estimated development and marketing costs vs. total net revenues of the first two seasons of sales.
  7. 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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