Retail Product Lifecycle Management

Start of the Workflow/Process.

Create a new entry in the Product Data Model to begin the lifecycle.

Retrieve existing market research and competitor data entries to inform product design.

Calculate the Estimated Cost of Goods Sold (COGS) by summing raw material and labor cost variables.

Create a task for the Design Team to begin creating 3D renders and technical specs.

Create a task for the Quality Assurance lead to inspect the physical prototype.

Update the current product entry status to reflect that it has moved into the prototyping phase.

Aggregate all component cost entries to determine the total manufacturing cost per unit.

Get existing warehouse capacity entries to ensure storage is available for the new product line.

Create a task for the Procurement Manager to finalize contracts with suppliers.

Send an email to the Product Board once the prototype phase is successfully completed.

Create a new entry in the Production Schedule Data Model.

Execute formula: (COGS * Markup_Multiplier) + Shipping_Buffer to determine MSRP.

Create a task for the QC Inspector to verify the first batch against technical specifications.

Update the product entry with the finalized seasonal launch date.

Send an SMS to the Warehouse Manager when the shipment is marked as 'In Transit'.

Create a comprehensive report summarizing the design, cost, and risk assessments for the product.

Delete product configuration entries that were cancelled during the design phase.

Aggregate all expense entries (marketing, manufacturing, shipping) to track total lifecycle spend.

Create a task for the Creative Team to produce photography and advertising copy.

Send an email to the Sales Department with the finalized product specs and launch date.

End of the Workflow/Process.