Ensure Revenue Optimization With Effective Product Design Strategy by nikitak · February 7 Nike VaporMax Womens UK Sale , 2019
Often an item will be designed to be attractive but not really fully functional. Other times it has been seen that the look is less important than the function and that they need to be adapted to fit the surroundings. A prime example of this is the production of a form of refrigeration that will work in areas that do not have a stable electricity supply.
There has to be a lot of commitment from the people involved, as scientists, designers, and sales people have to be prepared to work together, and sometimes work on the unknown. Lack of electricity is not going to be the only hurdle that designers face and when presented with a problem they need to put together a product design strategy to help them reach their goal.
Cost
Unfortunately, the cost is always going to be an issue and there has to be a perfect balance between providing a product that the public can afford, and still being able to make a profit yourself. There are a variety of ways to do this, some good, some bad.
Good ways include the ability to mass produce after sourcing parts that are reasonably priced and being able to manufacture in an area that does not have high overheads. Bad ways would be using inferior parts, and not being sure that all of the safety aspects were covered.
People will want to pay the price for mass produced items yet receive products that are top quality and sometimes even customized. On top of that, they will often want to receive a customized item in the same timescale that they would receive an off the shelf one.
Making money through design
You have to consider who you are selling to and what they want. Once you have worked that out, you need to decide how you can produce the product that is both cheaper than the opposition and more attractive to the consumer. Rather than try and be the answer to every problem it will be more cost effective to select some problems and gain revenue optimization by doing a few things and doing them well.
It may seem obvious, but your product should be suitable for the area where it is produced. This way you will be sure that you have sufficient customers. If you have to ship the item, you will either eliminate some customers who cannot afford the additional costs or bear the brunt of the postage or transport yourself.
Product design India should always take this on board. It is no good having the best ever product design strategy if you are not keeping to it. Not only management but all employees should be on board, and better still can add their own ideas as to how even more money can be made.
Market Research
If you want to be sure that you are still heading in the right direction, ask your customers. At best you will have it confirmed that you are on the right path, and at worst, have it brought to your attention that you will have to change your way you are going. Vietnam Coffee Market Standard Report Q22018: Ken Research
by kenresearch6 · September 21, 2018
World coffee production in the 20142015 season decreased by 2.29% over the 20132014 season. This was the first time that coffee consumption decreased after reaching a sharp growth rate since the 20102011 season. Coffee production output in the 20172018 season was estimated at 159.66 million bags, up 1.2% compared to 20162017 season due to the forecast recovery in major producer countries.
The world coffee demand has been increasing, the total output of world coffee in the 20172018 season was estimated to be million bags. Global inventories for 20172018 season were million bags, down 8.61% over 20162017 season due to a sharp increase in world coffee exports and consumption, while output increased slowly.
Vietnam Coffee Market currently planted two main types of coffee: Arabica and Robusta. The coffee production output in the past years of Vietnam has many fluctuations. In the 201617 season, according to USDA, coffee production was estimated to have dropped to xx.x million bags (60kgbag), the lowest level since the 20122013 season. However, in the 201718 season, coffee production was expected to recover strongly and reach about xx.x million bags.
Domestic consumption of coffee in the period 2012-2018e with CARG of 7.9%, 20172018 estimated consumption volume of about million bags (60kgbag), in which consumption of ground roasted coffee accounts for about two-thirds of output, the remaining one third is instant coffee.
In the 201718 season, the total quantity of imported coffee was estimated of Vietnam at 1.06 million bags. In the first quarter of 2018, the quantity of exported coffee was estimated at xxx thousand tons, an increase of 17% compared to the same period last year. In general, large enterprises in the industry have gross sales and gross profit rate grown in comparison with 2015, the average revenue growth of the industry in 2016 reached 20%, the average gross profit margin was 12.7%.