Vectors and 3D Models
Local Search - Business
Weather Information
Get the App for Smartphones and Tablets

Go Back

WhmSoft Free Articles Directory
Free Articles for Reprint
Free Articles to Publish
Free Articles for Newsletters
Videos to Watch

Page Generation Date and Time:
04/22/2019 20:59:53

Free the Animation VR / AR
Play to reveal 3D images and 3D models!
Demonstration A-Frame / Multiplayer
Android app on Google Play
vlrPhone / vlrFilter
Project of very low consumption, radiation and bitrate softphones, with the support of the spatial audio, of the frequency shifts and of the ultrasonic communications / Multifunction Audio Filter with Remote Control!

Alexa Data

Go To Articles Directory Home Page

To get the current article, - See Below (at the bottom of the page) -.
For top news titles, see below.
Web sites and videos listed in this page are frequently updated.
If you find that this page is useful (quality of web sites, images and videos, ...), you can add it to your favorites.
Bookmark Page !

Tell a Friend:

With your mobile phone (WAP / I-Mode / iPhone / PDA), for free:
The Top News -
The Daily Files -
All the Directory Files -

Web version of feeds:
Podcast Music -
Daily Files -

You can play the Guitar Drum Revolution game (flash game) by following the link below:
Play Guitar Drum Revolution Game

You can play free online games (flash games) by following the link below:
Free Online Games

Play the samples below:
Pencak SilatDreamJuice SqueezerColoriageSnowy Treasure Hunter

You can view the people (celebrities) news and the front page news (with videos, images and constant updates) by following the link below:
View Recent News
or by visiting the WhmSoft Service blog:
News Photos Slideshows

Article Keyword Videos to Watch
Click on the image to start the video.

Related Topics
Images - Links - Articles


Related Images

Article Category Videos to Watch
Go to the Videos Pages

How to Deal with Inventory Management and Product Development

Ordinarily, balancing supply and demand as far as stocks are concerned will pose a big problem if the person assigned does not know how to make formidable forecasts. While the consumer market reaction toward product acceptance of a certain commodity or good will always be erratic, providing and making initial assumption towards potential market demand with the support of enumerated advertising and promotional support for the said products will have to shell out expected product movement for a certain period.

Such has been a problem with the bottled beverage industry. Owing to the congested market in the Philippines today, strategic management and forecasts need to be done thoroughly to assure that the credibility of wholesale distributor and suppliers can be able to meet the demand by the consumer market towards newly introduced products in the market. It is not purely a guessing game. It is about putting together all the gathered facts and projected assumptions to come up with an efficient forecast of how much to supply a commodity or good in line with the probable demand for the product. In most instances, there will discrepancies in the demand.

One factor is the product acceptance since ideally, produce awareness and education are lacking. This is where the role of advertising and promotions would come in. Consumers will not patronize or even try out a product without the proper information, such as nutritional benefits, price range, product category and other necessary product features that molded into its final product. It is thus through advertising and promotions that such information would be segregated and spread over the target market class area. The usual modes known to be able to spread the said information are through the usual media of print, radio and television.

Everything in the product mix needs to be satisfied. Leaving out one will surely be like an open wound or a chink in the armor for the whole production process. While this occurrence cannot be avoided, it is something that can be put at a minimum level. A business is something that is more than just hiring good personnel and investing money to finance the entire venture. Product development is something that needs the investment of ideas and time as well. It is not an overnight success. Product development is a long process that would need a lot of considerations, especially the environmental factors such as the cultural, social and political aspects to the area it will focus on. The information gathered from such research efforts are key determinants in identifying what factors to consider and providing alternative course of action for the benefit of the product development issue.

This is where such strategic management tools such as the TOWS Matrix (SWOT Analysis) and Grand Strategy Matrix are of big use. They help enumerate the factors for consideration and select the best course of action to help in the product development mix. Not all business people are aware of the benefits of such, but it really helps in putting into detail what a business should consider.

Once all of the product segregation and product development issues have been settled, this is where inventory management will come in. The production of goods to be stocked need to implement proper safety levels for distribution. Forecasts should also take into consideration peak and lean seasons, since the inventory storage would have to take into consideration the expiration date and product life. Each year, as marketing continues to push its products and commodities, the need to boost production shall certainly be needed. It is the only proper path to follow for businesses which aim to become large business empires in the mold of such established giants such as Universal Robina Corporation, San Miguel Corporation and Coca-cola Corporation.

About the Author: Brian Yalung, MBA, is the Marketing Director for Merlion International Sales, Inc. He also maintains a blog site on Business, Entrepreneurship and Marketing. His work can be seen at - The Blog Adviser Today.

Recommended Web Site(s):

Easy Articles Home Page - Articles Directory

Recommended WhmSoft Web Sites, Feeds and WAP Address:

WhmSoft Software Home Page - Software
WhmSoft Services Login Page - Music and Images
WhmSoft Moblog Home Page - Blog - Photo Gallery
WhmSoft Free Online Games Home Page - Flash Games
WhmSoft Services RSS Feed - Daily Music, Image and 3D Flash Animation
Classical Music with Drum RSS Feed - MIDI and MP3 Files
Classical Music with Drum Podcast Feed - MP3 and MP3 Files
WAP / I-Mode / PDAs - Daily Music, Image and Flash Animation

Home Pages:

WhmSoft Free Articles for Reprint Home Page
WhmSoft Services Home Page - Music and Images
Copyright (C) 2006-2019 WhmSoft - All Rights Reserved.