Products & Services

 

Our products are getting a bit old. What should we do?

 

How can we extend our products so we're not so dependent on our key item(s)?

 

Are our gross margins still acceptable?

 

How well do we order supplies?

 

How can we make our products unique?

 

Do we have secure rights to sell our products?

 

Product Life cycle

 

How attractive is our key product or service (group) offering in terms of the product life cycle?

 

Revenue dependency

 

To what extent do a limited number of products or services dominate our revenue?

 

Product profit margin

 

Is the gross margin we make from each product or service (group) attractive?

 

Production and inventory

 

How well do we manage our inventory, including tracking inventory location?

 

Do we have a rational purchasing system with economic order quantities identified or is our purchasing random and as needed?

 

How well do we manage production of products or services (lead time, on-time delivery, resource management, workflow management)?

 

Do we have a full activity costing system in place?

 

Core differentiation

 

To what extent do our products or services provide us with a unique core differentiator?

 

Product security

 

How secure is our right to sell our product or service, i.e. do we have distribution rights, do we own the intellectual property, do we have a franchise?