Production Definition
NRDC Matrix
NRDC Matrix is a tool to precisly define a product for a buyer.
BCG Matrix
BCG ("Boston Consulting Group") Matrix is a tool to define a product for a specific market.
Stars
- high market share
- high market growth
- high profit
- high investment
Cash Cows
- high market share
- low market growth
- high profit
- low investment
Question Marks
- low market share
- high market growth
- low profit
- high investment
Dogs
- low market share
- low market growth
- low profit
- low investment
Product Life Cycle
Price Specification
When it comes to pricing, our product can have 4 different prices:
- BEST: the price the seller wants (usually highest price - MDO).
- LEAST: the price the buyer wants (usually the lowest price - LAA)
- LESS: a reduced price (first alternative
- BATNA).
- USEFUL: a price that is useful for both parties (best alternative - BATNA).
QCDSESD
QCDSESD is a tool to define a product for a specific market.
Quality
- What is the quality of our product?
- How is it assured?
- What are the quality standards?
Cost
NOT THE SAME AS PRICE SPECIFICATION
- What is the cost of our product?
- What is the cost of our product compared to the competition?
Delivery
- What is the delivery time of our product?
- Can it be improved?
Safety
- What are the safety standards of our product?
- Should there be any concerns about safety?
- How can we improve safety?
Environment
- What is the impact of our product on the environment?
- How can we improve the impact of our product on the environment?
- What are the environmental standards?
- What are the environmental regulations?
Satisfaction
- What is the satisfaction of our customers?
- How is it measured?
- Is it accurate?
- How can we improve it?
- What are the customer satisfaction standards?
Diplomacy
- What are the relations with the customers?
- How do we contact customers?
- How do we communicate with customers?
- How do we negotiate with customers?
- How do we solve problems with customers?
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