Stuff & Slice is a proposed ready-to-eat food product consisting of vegetables stuffed and sliced for easy consumption. Market research identified working professionals aged 25-45 as the primary target market. Testing showed the concepts of Proance and Stuff & Slice performed best, with Stuff & Slice appealing for its convenient cylindrical shape, balanced taste, and moist texture. A marketing strategy and sales projections estimated profitability within 4 months by targeting companies and colleges. Further testing will evaluate the product's limitations before regulatory approval and commercial launch.
7. Optibar
It’s a meal not a snack!!!!
7
Simple bar for a simple meal!!!!!...
Convenient crunchy bar with
benefits of diet cereals and palm
jaggery….
11. Concept Result
Proance Optibar Stuff & Slice
Elder people liked most because of its
traditional ingredients
Attracted weight conscious target group,
and kids as a snack but not as meal
Appearance & Spiciness attract both
teenage & middle age
Taste was blank and digestible Palm jaggery tasted more sweet,
Ragi color is awful
All believe it as meal replacement
18. Mission Statement – STUFF & SLICE
Product description: Stuff & Slice is a Ready to eat food stuffed with vegetables
and slices to easy to eat
Key business or humanitarian goals: 3 months development, 50% cost margin
helps easy to full fill dinner or lunch in office/colleges
Primary market: corporates, IT industry
Secondary market: colleges, On the Go food, Restaurants
Assumptions: Meal replacement, less fat, Good taste, less shelf life
Stakeholders: Food court( IT company), Grocery shop, other companies, college canteen
Avenues for creative design: Roll shape, Crispy outside soft inside, less fat
Scope limitations: Limited nutrients, Shorter shelf life, Packaging
19. Market Strategy
Target Group
Age group of 25 – 45 includes single, Professionals
having > 40,000/m income and busy working people
Positioning
Provided with reasonable price that has nutritious,
innovative stuff targeted against working people in
the medium market.
19
20. Marketing Strategy
Marketing Mix
Price
Charged based on standard industrial practices
Distribution
By contacting dealers in the middle level market segment
Advertisement & Promotion
Through English Newspaper & also strategic relationship
developed with companies.
20
23. Business Analysis
ACTIVITY COST PER DAY TOTAL
2 chef 500x2=1000 1000x30 days=30000
1 QA 800 800X30 days =24000
2 Marketing exec 600x2=1200 1200x30 =36000
KITCHEN or Lab 300 300x30=9000
Initial PD cost 99,000
Cost incured Amount
PD – 3 months 99,000
Maintenance cost After launch 50,000
Plant installation 2000,000
Product manufacturing cost per month 70 * 5,000 = 3.5L
Total investment 25 L
24. Revenues
Net profit per month 6.5 L
If the sales follow this way, we will be getting back our investment in 4 months
Number of users
per day
Revenue per day Revenue per
month
Investment per
month
PROFIT
100 per IT park 100x100=10k 3 Lakhs 4 Lakhs 6.5 L
150 for other
Corporates
150x100=15k 4.5L
100 for Travelling 100x100=10k 3L
25. Test marketing
After product development , the product is going to test using CLT(Consumer Location
Test) – to know the product limitation against control.
Product is also tested by HUT(Home Use test) – to consumer abuse of the product.
Regulations(FSSAI)
Preservatives
Sorbic acid – max 1500 ppm
Packaging material
Flexible packaging material (PE) – easy handling & cost effective
Al foil wrapped – barrier against moisture, oxygen.
26. Summary
Our final winning concept Stuff & Slice , a
neighbourhood nutritious ready to eat meal for
time conscious people….
Stuff & Slice will exceed the expectation of both
customer and manufacturer…