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Group Number: 11 Priyanka Venkatesh, Sushma R, Chetna Mehra, Guru Prasad, Ankur Chaudhary, Sathya, Mala Subramanian
Problem Statement
No accurate picture of market forecast No strategy for Market Clearance No Contingency Plans Lack of long-term and short-term plans
Situation Analysis
Trend analysis based only on kids mails Increase in the number of children and nice children Penetration into other world markets
Proposed Alternatives
Planning Phase : Maximizing Efficiency
Categorize toys into 4 quadrants:
IF - Increased Forecast Ability Low Demand(IF), High Supply High Demand(IF), High Supply
Proposed Alternatives(contd)
Conduct cost benefit analysis Low Supply, High Demand
Improve agility of manufacturing Create substitute toys Outsourcing redundant processes
Proposed Alternatives(contd)
Create long-term plans
Focus on Quality rather than short-term trends Set up R&D Unit Decide between expansion and outsourcing Manufacturing Flexibility