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Introduction to Product Analysis  

Product Analysis  

Product Analysis Step 1

Adding Products Spreadsheet

Importance of Product Analysis in Operations  

Overview of the Product Analysis Process  

Understanding the Market and Customer Needs  

Market Research Techniques  

Surveys and Questionnaires  

Focus Groups and Interviews  

Identifying Customer Pain Points  

Analyzing Competitor Products  

Gathering and Analyzing Data  

Types of Data for Product Analysis  

Quantitative Data  

Qualitative Data  

Tools and Software for Data Analysis  

Interpreting Data and Drawing Insights  

Developing Product Specifications  

Defining Product Requirements  

Creating Product Prototypes  

Validating Product Concepts  

Evaluating Product Performance  

Key Performance Indicators (KPIs)  

User Feedback and Testing  

Iterating on Product Designs  

Conclusion  

Recap of Key Concepts in Product Analysis  

Encouragement for Continuous Learning and Improvement  

Resources for Further Education and Training  

Mastering Product Analysis: A Step-by-Step Guide for New Hires  

STEP 1: PRODUCT ANALYSIS

1.1. Team PH Reviewer: Product analysis. Fill out all green cells in the Adding Products Sheet.

PH Reviewer leaves questions/comments for PH Champion

PH Champion reviews and leaves comments on how to action on Reviewer's questions

PH reviewer actions and resolves comments

PH Champion reviews and leaves comments/questions to Team ANZ/UK Champion

Photos will be reviewed once they are added to the marketplace

1.2. ANZ/UK Champion: Reviews questions and leaves actions/feedback for Team PH  Reviewer.

PH Reviewer actions on those comments

PH Champion does a final check

Reviewer moves the card to the ANZ/UK Champions column

Team AU follows up with supplier for unresolved questions

Descriptions

Categories

Qty Types

STEP 2: CREATION

2.1. Team PH: Create the new products in Fresho.

Team PH: Create New Qty types, then re-download the qty types and replace data in https://docs.google.com/spreadsheets/d/1kfP9YZ-bNeUup5R9RLzpo3WXXubKAgqOAdwVYsqhJDM/edit#gid=0

STEP 3: THE IMPORT

Team PH: Use the Import tab to upload all products to supplier.

PH Reviewer/PH Champion will be conducting a thorough review of the product images after they are uploaded to the marketplace.

In today's fast-paced and competitive business landscape, the ability to effectively analyze products is a critical competency for new hires in any organization. Mastering Product Analysis encompasses a structured approach that empowers employees to understand market dynamics, customer needs, and product performance metrics. This course provides a comprehensive framework that not only emphasizes the importance of product analysis but also equips participants with the essential tools and methodologies needed to excel in their roles. By developing a keen analytical mindset, new hires will be better positioned to contribute meaningfully to their teams and drive the success of their products.

The course is designed to guide participants through each stage of the product analysis process, beginning with foundational concepts and advancing to advanced analytical techniques. Emphasis will be placed on understanding customer pain points, leveraging market research, and utilizing data-driven insights to inform product development. By the end of the course, participants will have gained hands-on experience in gathering and interpreting both quantitative and qualitative data, developing product specifications, and evaluating product performance through key performance indicators. This structured approach not only fosters a deep understanding of product analysis but also encourages a culture of continuous learning and improvement, positioning new hires as valuable assets to their organizations.