Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Using your product from question 2, what would need to be included in your logistics plan? What mode(s) of transportation would you use to distribute
Using your product from question 2, what would need to be included in your logistics plan? What mode(s) of transportation would you use to distribute your products?
2. Choose a real, or imagined, product that you would like to create or sell some day. Develop a distribution plan for that product by going through the steps of creating a distribution strategy. For each step, list realistic examples of strategies you would use for your product. (1-2 sentences each, 10.0 points) Product - Sneaker for cross-training a. Step 1-Evaluate your customers: Identify potential consumers, such as fitness enthusiasts, athletes, and those who place a premium on comfort and design in their footwear. b. Step 2-Identify partners: Identify potential collaborators, such as sports retailers, online marketplaces, and fitness centers that appeal to the target market. c. Step 3-Research and build partnerships: Conduct market research to identify the best partners for the product, negotiate partnership terms, and establish relationships with these partners to assure consistent distribution. d. Step 4 - Manage your distribution channels: Monitor the distribution channels, ensure on-time product delivery, and maintain sufficient inventory levels to meet customer demand. e. Step 5-Evaluate success: Routinely evaluate the distribution plan's success by analyzing sales data, customer feedback, and partner performance, and make any necessary adjustments.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
a Step 1 Evaluate your customers For a crosstraining sneaker potential consumers could include fitness enthusiasts who engage in various activities at...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started