The process of product development is divided into the following steps:
Step 1: Select product category. Analyze data from about 100 similar products and decide on the products to be sold. Step 2: New product development. Find suppliers according to the products to be sold, and then provide suppliers with several sample orders according to demand.
Step 3: Confirm whether the samples provided by the supplier are qualified. After the samples arrive, confirm whether the samples are qualified, mainly checking the quality, function, packaging and other requirements of the samples.
Step 4: Review the qualifications of the supplier. After confirming the samples, you need to check the supplier’s business license, company size, determine whether the supplier has R&D capabilities, confirm the payment method, etc., and finally decide whether to purchase in large quantities.
Step 5: Determine the quantity of the first order and negotiate the price. After confirming the qualifications of the supplier, you can prepare to purchase the first order. During this period, you must pay attention to the details of the order and track the delivery cycle and logistics.
Step 6: Purchase order. After the first order is confirmed, you can place orders in batches according to sales conditions. The seller must negotiate the price and payment period with the supplier. If there are no problems with the product during the sales process, the order can be returned and the company will enter a cyclical stage of daily operations, namely the procurement stage. In this stage, a stable delivery period must be confirmed, and a price reduction strategy and payment method must be negotiated. After the first batch of goods arrives, timely feedback on defective products and outer packaging issues, as well as suggestions for product function optimization, should be provided.