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What is Product Planning?

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Presentation on theme: "What is Product Planning?"— Presentation transcript:

1 What is Product Planning?
Making decisions about the production and sale of a business’s products. Relate to: packaging, labeling warranties, guarantees, branding and product mix.

2 If it is well defined it will…
Create sales opportunities Design appropriate marketing plans Develop effective advertising campaigns Coordinate the product mix Add new products Delete old products

3 Product Mix All the different products a company makes or sells.
Retail Store Product Mix All the products sold in that store How is this determined?

4 Product Mix Product Line - a group of closely related items.
all cereals produced by Kelloggs all models produced by Pontiac desserts at McDonald’s

5 Product Mix Product Item - a specific model, brand or size of a product within a line Frosted Flakes Montana M&M McFlurry

6 Product Width and Depth
Width: the number of different product lines a a business manufactures or sells .

7 Product Width and Depth
Depth: the number of product items offered within each product line

8 WalMart vs. Office Depot
Who has greater depth? Who has greater width?


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