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Product Development Project Leader

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Submitted By pepper12345
Words 1860
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Product Development Project Leader
Steve Hill
LDR/300
March 3, 2015
Nick Bertoni

Product Development Project Leader

I would like to take the time to say thank you for offering me this position and ensure you I will exceed your expectations. I would like to address some concerns and how I feel they can be better formulated to increase profitability. I understand the revenue on the standard products have been lower than expected for the past three years. I would like to discuss how we could maneuver our strengths and efforts to profit in the future. The standard products are what has made this company what it is today and is recognized throughout society for it. We just have to minimize the overhead to allow for profit to still take place for a product that is still needed throughout the industry. We also have to understand that with growth comes change that we have to stay on top of. I will take it upon myself to ensure the objectives I would like to discuss are directed by me but implemented and policed by my fellow managers.
The first objective is to stop the storing of inventory of products that are not moving as fast as we would like. We will have the inventory on hand but at the cost of the supplier. We will encourage the suppliers to allow their stock to be on our shelves and bare the cost until the product is used for production. We will encourage the suppliers to allow this transaction and by doing so we will stock two percent more for them to use our facility for this minimal storage for them. They need to own the inventory until time of sale. This is commonly referred to as “scan based trading” or “just-in-time trading”(forbes.com). This will lower our overhead for production, sustain or lower our pricing for the inventory and increase our relationship with our suppliers. It will show to our suppliers that we care about their business as

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