Knowledge Center

Product

Handling of products can be defined as the process where you define and maintain the product range of a company.

This process may result in

  • Product range created.

  • Product range modified.

A product range is the total number product categories and product variants a company has to offer. Sometimes, based on different scenarios, the management needs to assess the product range. it may be necessary to categorize the product range differently, new product may launch or existing products needs to be re-classified or removed from the product range.

The factors deciding these are mostly connected to the needs of the market, but is also connected to the overall strategy the company wants to implement. The product range needs to mirror the company's market position in addition to being competitive.

Tasks relevant for this process

  • Maintain products - The product range is maintained through new registration and modification of products.

  • Maintain manufacturer - The product range is maintained through new registration and modification of product structures.

  • Categorization of the product range - The product range of the company is categorized and structured by own need.

  • Maintain the pricing of products - The product range can be set with both purchase and sales price, which needs maintenance in case of changes.

  • Other follow up and analysis of the product range - Reports and other tools can give the company an overview over the product range and changes within given periods.