RETAIL PRODUCT LIFECYCLE MANAGEMENT

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[ ] Initialize Product Concept: Create a new entry in the Product Data Model to begin the lifecycle.
[ ] Fetch Market Trends: Retrieve existing market research and competitor data entries to inform product design.
[ ] Calculate Estimated COGS: Calculate the Estimated Cost of Goods Sold (COGS) by summing raw material and labor cost variables.
[ ] Assign Product Designer: Create a task for the Design Team to begin creating 3D renders and technical specs.
[ ] Prototype Review: Create a task for the Quality Assurance lead to inspect the physical prototype.
[ ] Update Product Status to 'Prototyping': Update the current product entry status to reflect that it has moved into the prototyping phase.
[ ] Summarize Supplier Costs: Aggregate all component cost entries to determine the total manufacturing cost per unit.
[ ] Check Inventory Capacity: Get existing warehouse capacity entries to ensure storage is available for the new product line.
[ ] Sourcing & Vendor Negotiation: Create a task for the Procurement Manager to finalize contracts with suppliers.
[ ] Notify Stakeholders of Approval: Send an email to the Product Board once the prototype phase is successfully completed.
[ ] Create Manufacturing Order: Create a new entry in the Production Schedule Data Model.
[ ] Calculate Target Retail Price: Execute formula: (COGS * Markup_Multiplier) + Shipping_Buffer to determine MSRP.
[ ] Final Quality Audit: Create a task for the QC Inspector to verify the first batch against technical specifications.
[ ] Update Product Launch Date: Update the product entry with the finalized seasonal launch date.
[ ] Alert Logistics Team: Send an SMS to the Warehouse Manager when the shipment is marked as 'In Transit'.
[ ] Generate Product Feasibility Report: Create a comprehensive report summarizing the design, cost, and risk assessments for the product.
[ ] Remove Obsolete Variations: Delete product configuration entries that were cancelled during the design phase.
[ ] Calculate Total Project Budget: Aggregate all expense entries (marketing, manufacturing, shipping) to track total lifecycle spend.
[ ] Marketing Asset Creation: Create a task for the Creative Team to produce photography and advertising copy.
[ ] Send Launch Announcement: Send an email to the Sales Department with the finalized product specs and launch date.

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