Life Cycle

you will submit your discussion of the life cycle management
of your business product, service, or other ideas from your business plan.

Prompt: consider the sustainability of your idea in the
marketplace from initial inventory to subsequent sustainment in the supply
chain. Specifically, examine the company’s own inventory as a starting
point—that inventory came from a supplier—which is where your supply chain
starts. Additionally, your finished product will travel downstream along the
supply chain by means of shippers, distribution centers, and then finally, to a
retailer. These components should be outlined in this paper.

Identify and describe the technologies you intend to use
along the company’s supply chain such as RFID tagging and barcoding,
e-procurement, and 3PL. Identify and justify your clicks or bricks decision,
that is, your rationale for brick-and-mortar locations or internet services or
a combination of both. The paper should identify the key data needed to support
the functions of inventory management and supply chain management.
You should describe the life cycle of the business idea.
Focus your response on the future of the business idea, specifically on its
growth and eventual decline. Assess the profit generation and cost-saving
opportunities associated with the business idea based on the life cycle you
described. Your assessment should be supported with rationale. Determine a
phase-out plan for your business idea that ensures a sustainable solution that
makes way for future innovation and profit streams. Ensure that you justify the
steps in your plan.

Specifically, the following critical elements must be
addressed:
Life Cycle: In this section, you will discuss
the life cycle of your business product, service, or other ideas from your
business plan, you should:

a) Describe the life cycle of the business idea.
Focus your response on the future of the business idea, specifically on its
growth and eventual decline.
b) Assess the profit
generation and cost-saving opportunities associated with the business idea
based on the life cycle you described. Your assessment should be supported with
rationale.
c) Determine a phase-out plan for your business idea
that ensures a sustainable solution that makes way for future innovation and
profit streams. Ensure that you justify the steps in your plan.

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