Product lifecycle management is a game or risk. Hedge your bets too soon & you’ll pay a hefty price. Similarly, if you throw the dice too late, you might not win the big prize!
From conception to disposal, the development of product strategy establishes a roadmap for business expansion. The question is how closely does your product portfolio align with your company’s overarching plan?
From estimating demand for the first order to minimising waste though out the product lifecycle, the entire process is a challenge. There is also no one-size-fits-all approach to product lifecycle management. Managing a product that has recently launched vs one that is towards the end of its life is extremely different.
Join our upcoming webinar as our Slimstock experts explore:
- Create visibility throughout the product lifecycle to minimise risk
- Apply segmentation strategies to maximise availability
- Optimise your inventory decisions to boost profitability