Start Up Shoe Business Essay Example | Topics and Well Written Essays - 2000 words

Start Up Shoe Business - Essay usehigh heel, medium heel and low heel. All these three heights set up be correct in a single mathematical product. The heel of this innovative product give be of hard plastic. It can be rotated to adjust the desired heights from three default sizes. This feature is the key harming feature of the product. Manufacturing cost of this product would be $25. The company will manufacture this product through their avouch production unit. It will source leather and other required raw materials from the local suppliers. The quality of this multi-featured dress will be of aid standard so that it can be positioned in the market among the premium brands. Quality will be checked by the expertise of the companys manufacturing department. Quality require activity involves checking of quality of lather and pasting. These twain components of a shoe determine the overall quality of the product. Customers feedbacks approximately the product at initial stage n eed to be evaluated to find out necessary revisions in production process or product raw materials. Quality control is one of the intimately all important(predicate) parts of production process. The quality control department always ineluctably to focus on the manufacture quality standard and position the brand by comparing general feedback of the nodes about quality of this product with respect to other brands. This product will be offered in the market with high standard of customer service kindred 6 months after sales warranty for any kind of damages of the shoe. clean shoe will be provided in case of major damages within 6 months. mathematical product flow of this product will be controlled on the basis of the demand of the product in the market. This system will be adapted to faster liquidation of the inventory and lower inventory cycle. Customers feedback will be given higher priority for further product development in terms of quality and mark of this innovative pro duct. Location HIGHLOWS shoe will be manufactured in Springfield, MA. Springfield is one of the most popular cities in England. The manufacturing unit of this product will be established in this location. Therefore, availability of resources needs to be analyzed in this location. For developing manufacturing and w arehousing unit, a large hall will be leased for the next 5 years, and the interior of the hall will be designed. This includes separating the total space into two different divisions like manufacturing unit and warehouse. In the manufacturing unit, required machineries will be installed. Electric wearing will be fixed before the installation of the machineries. The generator facility will be necessary to check over 24 hour electric show. Renting the required building will be cost rough-and-ready for this new craft as the initial investment needs to be allocated in various activities like marketing, transportation, working capital management etc. Therefore, the cost of developing a building will be allocated in other operating activities. It is the most effective business strategy for a new business to use rented fixed assets at initial stages, which also helps the company to easily withdraw the business in case of the worst case scenario in terms of market demand of the product. 2 to 3 vehicles are necessary for carrying raw material and also for supplying the products to the wholesalers as well as retailers. Again, to reduce initial capital requirements, this service will be outsourced from local transport service providers. To avoid delayed supply of raw materials, local suppliers will be involved in the production of this product. Legal Environment In order to obtain the licensing of the shoe business, an experienced attorney will have to be hired in order that all the legal requirements of the business are fulfilled and necessary