What Is a Product Development Strategy? A Quick Overview
Are you thinking of designing a new product strategy for your best ideation process? In the modern world millions of products are entering every single day in the market. Factors like the industry, type of product, features, and customer demand are considered. Therefore you need an excellent product development strategy. Numerous companies prioritize their product […]
Product Development Lifecycle: What It Is and How It Works
What Is the Product Development Cycle? The product development process involves taking an initial concept of a product to its market release and beyond. It inculcates multiple stages such as idea generation, validation, prototyping, product development process and launch followed by continuous upgradation based on user reviews. Also, engaging with new product development services can […]
Product Design vs Product Development: Key Differences
People with a creative sense of humor and proactiveness are the right choice for becoming product designers and developers. These professions demand innovation and it’s crucial to identify the difference that exists between product designing and developing. product‘s life cycle involves the designing and development. Without these essentials a product cannot be created. In this […]
10 Steps to Market Research for New Product Development
Are you a startup company or seasoned entrepreneur? Unaware about the intricacies of new product development that can set your brand apart in the crowded market place? Comprehensive market research is crucial for product development. It helps in creating and improving new ideas and technologies and processes to meet market requirements and improves consumer experience.This […]
What Is The Definition of Product Market Fit?
Are you starting a new business venture and worried about achieving product-market fit? Clear up any misconceptions that may hinder your understanding of this critical business concept. What is the definition of product-market fit? Find out how to achieve it through this blog and embark on your discovery venture. Product-market fit definition Product -market fit […]
How to Create an Effective Ecommerce Product Launch Strategy
Worried about the barriers that hinder your success after the product launch? Want to judge the potential market and the competition you will face after the launch? These are hundreds and thousands of questions in your mind about launching successful new products, but only few focus on creating a market strategy that makes sense and […]
E-SOURCING & E-PROCUREMENT: THE TECHNOLOGICAL REVOLUTION
Exploring e-Sourcing and e-Procurement: What is E-Sourcing? In E-sourcing sellers use online forums to collect and compare supplier bids, helping minimize the purchasing cost. Businesses are finding best deals quite frequently by this method setting their specific requirements and enhancing supplier competition with better exposure. This method aids in a clear bidding process and fair […]
11 STRATEGIES FOR COST REDUCTION IN PROCUREMENT
Are you facing resource exhaustion in your procurement process and seriously considering uncovering hidden cost-saving opportunities? Deloitte’s latest survey reveals that companies can achieve up to 20% cost reduction through effective cost management. Cost reduction refers to savings during the purchasing process. These savings are achieved through renegotiating contract terms, improving administrative and operational efficiency, […]
4 METHODS OF SUPPLIER PRICING – A COMPREHENSIVE OVERVIEW
Worried about manufacturers pricing in an increasingly competitive global market? Curious about the key methods to determine procurement pricing models and wanted to learn techniques to crack the best deals? When closely observing products sourced from China, the purchasing price is the primary concern for buyers. Comparing prices across different manufacturers is a common practice […]
PROCUREMENT NEGOTIATION GUIDE: TIPS AND RESOURCES
Are your procurement negotiations up to the mark? Do you want to enhance your negotiation skill to improve your vendor performance? Procurement negotiation can work wonders if it’s a delicate balance of act. The skills to negotiate often seem at odds with one another. You must be straightforward but smart and persistent at the same […]