Milestone Three,you will submit your discussion of the life cycle management(Section III) of your business product, service, or other idea from your business plan in the Marketing and Strategy course.Prompt: In this milestone, consider the sustainability of your idea in the marketplace from initial inventory to subsequent sustainment in the supply chain. Specifically,examine the company’s own inventory as a starting point—that inventory came from a supplier—which is where your supply chain starts.
Additionally, your finished product willtravel downstreamalong the supply chain by means of shippers, distribution centers and then finally, to a retailer.These components should be outlined in this paper
.Identifyanddescribethetechnologiesyouintendtousealongthecompany’ssupplychainsuchasRFIDtaggingandbarcoding,e-procurement,and3PL.
Identifyandjustifyyourclicksorbricksdecision,thatis,yourrationaleforbrick-and-mortarlocationsorinternetservicesoracombinationofboth. Thepapershouldidentifythekeydataneededtosupportthefunctionsofinventorymanagementandsupplychainmanagement.
You should describe the life cycle of the business idea. Focus your response on the future of the business idea, specifically on its growth and eventual decline.
Assess the profit generation and cost-saving opportunities associated with the business idea based on the life cycle you described. Your assessment should be supported with rationale.
Determine a phase-out plan for your business idea that ensures a sustainable solution that makesway for future innovation and profit streams.
Ensure that you justify the steps in your plan.Specifically,the following critical elements must be addressed:III.Life Cycle: In this section, you will discuss the life cycle of your business product, service, or other idea from your business plan in the Marketing and Strategy course. Specifically, you should:a)Describe the life cycle of the business idea. Focus your response on the future of the business idea, specifically on its growth and eventual decline.
b)Assess the profit generationand cost-saving opportunities associated with the business idea based on the life cycle you described. Your assessment should be supported with rationale.
c)Determine a phase-out planfor your business idea that ensures a sustainable solution thatmakesway for future innovation and profit streams. Ensure that you justify the steps in your plan.