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New Product Development Plan - Mba Final Requirement
New Product Development Plan - Mba Final Requirement
NEW PRODUCT
DEVELOPMENT PLAN
“RYSMIN GARMENTS/SUBCON”
Submitted by:
MBA Students
Submitted to:
A. Background Summary
Total Industry Trends
Potential Market and Segments
Major Competitors and Analysis
C. Entry Strategy
Timing
Roll-out Sequence
D. Marketing Plan
Product/ Service Marketing Objectives
Pricing Approach and Strategies
Place/Distribution
Channel of Distribution
Promotion
Pre-launch and During
Present Details
E. Miscellaneous Files
Letter of Request
Letter of Approval
Presentation of Proposed New Product
A. Background Summary
Unfortunately, the owner has made it clear that they prefer not to share the
sales volume of the business with us. We've been informed by the owner that
access to sales volume data of the business is restricted. Despite our interest in
comprehending this aspect of the operation, they have explicitly stated that
sharing this information is confidential.
Rysmin Garments chose to locate their business office at blk 78 lot 28 Brgy.
Bangcu, Dapdap Bamban, Tarlac. Target market is PNP/Military/Armed Forces
uniform Supplier. Uniforms for PNP police and Military and Armed Forces
personnel. According to the Philippine National Police (PNP), there is currently
220,000 personnel, and the Armed Forces of the Philippines (AFP) is composed
of the Philippine Army, Philippine Navy, and Philippine Air Force which has a
total active strength of 140,000 with more than 360,000 personnel in reserve
service.
Tailoring is one of the fastest ways of making money in our country today.
However, there are numerous challenges involved in this type of business that
needs to face and some of these are competition and competitors. These days,
there are several available Tailoring in the local area that are retailing and, they
produced many products/garments. Some operate tailoring at a major level,
and there are small to medium enterprises which are also competitive like the
Paulhanz military supply and trading, Glenns Garments, and Kirara’s Garments
& Military needs, and another one the Tactical Gear an online shop that offers
general needs of the military, but their pricing are a bit expensive compared to
them.
To be different, unique, and consistent with their quality product and service
speed is one of the competitive advantages that they should embrace. Rysmin
Garments is producing good quality Military/PNP, Marine, and Air force
uniforms that are a perfect fit for their dear customers. Rysmin Garments have
skilled workers in terms of garments most of them are experts in sewing as
they are in this kind of industry for a long time. The advantage over the
competitors, even though they are just small business enterprise is that they
ensure that the product is in a good condition, well packed, and the good
quality the quality checker is on guard during the production process for the
customer’s satisfaction and so that they will turn back to them whenever they
want again. Another, they do not usually do rush and the garment is worth the
fee. They also have online platforms to connect with the local far areas, and
also they do deliveries and offer free shipping for every minimum order.
Product Description
Presenting Range Ready Apparel: for enduring, cozy outfits made especially for
the firing range industry. The new product design uniforms enable workers and
customers to concentrate on safety and accuracy with their tactical features,
customizable alternatives, and safety considerations. Partnering with shooting
range businesses not only enhances their operations but also expands the
Rysmin Garments sales opportunities. Having Collaboration to offer customized
uniforms, increasing brand exposure and driving sales growth for both parties.
The business provides the best Military/PNP, Marine, and Air force uniforms
and bespoke designs. The company’s primary purpose is to provide a tailor
straight to their client’s homes, removing the need for them to travel vast
distances in search of the best tailor or uniform that will match their demands.
Because it provides online access and communication as well as convenient
access for customers’ purchases with optional sizes and designs, the firm will
appeal to any professional.
The unique selling proposition of their Military/PNP, Marine, and Air force
tailoring business reside in their commitment to precision, durability, and
customization. Offering meticulous tailoring services to ensure that each
uniform fits perfectly, providing comfort and mobility for military personnel,
PNP, Navy etc. in any situation. The business crafted uniforms from the highest
quality materials, rigorously tested to withstand the demands of Military/PNP,
Marine, and Air force operations and maintain their appearance and
performance over time. They understand that every Military/PNP, Marine, and
Air force unit has unique requirements. That’s why they offer a wide range of
customization options, from insignias and patches to specialized features
tailored to specific roles and environments. Rysmin Garments offer Exceptional
Service by providing personalized service and attention to detail at every step
of the process, ensuring that each client receives the highest level of
satisfaction and support.
Brand Name
The company name Rysmin Garments was formed by the Executive Owner Mr.
Matthew Mallari by using his mothers name Ryan Minnie and the word
Garments to be specific with the product/service that they offer. It is registered
in the Department of trade and industry (DTI).
Some potential barriers for a Military/PNP, Marine, and Air force tailoring
business include regulatory compliance, competition, fluctuating demand,
supply chain challenges, technological advancements, economic factors, and
international trade restrictions. Navigating these barriers requires careful
planning, industry expertise, and strategic partnerships to overcome challenges
and position the Military/PNP, Marine, and Air force tailoring business for long-
term success.
C. Entry Strategy
Timing
Timing strategies around the school year of Aircraft, Seaman, and Criminology
student can be essential for a Military/PNP, Marine, and Air force tailoring
business targeting this demographic. Before the School Year it is needed to
conduct market research before the school year begins to understand the
needs and preferences of Aircraft, Seaman, and Criminology student. Develop
tailored uniforms and promotional materials well in advance to be ready for the
start of the school year. Build partnerships with universities, criminology,
marine and aircraft departments, and student organizations before the school
year starts to facilitate distribution and promotion. Develop branding and
marketing campaigns to target Aircraft, Seaman, and Criminology student and
generate awareness before they return to school. Launch teaser campaigns
and promotions before the school year starts to generate anticipation and
excitement among students. By aligning timing strategies with the school year
of Aircraft, Seaman, and Criminology student, a Military/PNP, Marine, and Air
force tailoring business can effectively target this demographic and capitalize
on opportunities for growth and expansion.
Roll-out Sequence
D. Marketing Plan
To establish the company as the trusted supplier of tailored uniforms for the
military by emphasizing accuracy skilled work, high-quality products, and
dedication to satisfying the distinctive requirements of Military/PNP, Marine,
and Air force personnel. By means of specific promotional dedication, the
business aim to broaden awareness of the brand, generate results in, and
establish contracts with Military/PNP, Marine, and Air force units and
government agencies, leading to revenue development while developing long-
term partnerships within the Military/PNP, Marine, and Air force sector.
Rysmin Garments ensures that prices are balanced with quality, aiming to be
perceived as offering good value by customers. This approach entails
competitive pricing based on value. While their products/garments are priced
reasonably, they are not necessarily the lowest in the local market.
Consequently, their pricing strategy is competitive across various product
ranges but does not solely rely on low prices to overshadow other advantages
of doing business with the company, such as the availability of Military/PNP,
Marine, and Air Force uniforms at reasonable prices, coupled with excellent
service and punctual delivery.
Military/PNP, Marine, and Air force Armed Forces uniforms (Subcon) prices are
presented below:
Place/Distribution
Place
Rysmin Garments is located at Blk 78 lot 28, Brgy Bangcu, Dapdap Bamban
Tarlac.
The said location was chosen by the Executive Owner because of its low-cost
lease, accessibility to the target market, and vicinity to commercial
establishments. The stall will be leased on a monthly basis for Php25,000.00,
excluding water and electricity.
Channel of Distribution
Promotion
For Direct customers, they always have ready-made and sample uniforms
allowing direct customers to test and use them comfortably. They also have
Customer/Co-supplier referral incentives this is a way to encourage current
customers to refer new customers directly to our store. As the business is
expecting to have its competitors our pricing will be adjusted to catch
customers attention.
Pre-Launch:
o Print Media
This means of an advertisement does not only promote the company but
also help them to find the great quality uniform at just affordable price.
Banners, tarpaulin – will be hung within the local area.
During:
o Store Display
Present Details
Time the official launch of the Military/PNP, Marine, and Air force tailoring
business to coincide with the start of the school year to capitalize on the
increased demand and interest from Aircraft, Seaman, and Criminology
student.
o Special Promo
Letter of Request
Letter of Approval