The issue of delays to market can also have a business email list negative impact on product inventory, as the factory's production schedule is tied to the sales schedule. Inventory overhangs can reduce cash in the CFO's checkbook because that money is tied to unproductive inventory and cannot be used for the company's operations or investments.
When you're evaluating product opportunity and doing financial commercialization, predict that the potential cash inflow from the sale must be greater than the company's investment (pre-sale) and some capital costs combined.
When you learn these basic financial statements, you can better apply these financial tools and skills to the management of your products, you can make plans, and use good financial knowledge to manage those plans.
In addition, product managers should ensure that there are financial experts on the team. Understanding and applying financial skills will not enable you to acquire the underlying knowledge and ability of enterprise financial management and accounting mechanisms. The financial experts in the team can help you complete product cost and pricing calculations, make input budgets and control expenditures, and handle product sales and performance. Data analysis can also provide key insights and control product project investment risks.
Author: Changcheng, official account: MVP-PM, has served as a product expert for two Fortune 500 companies! The content is excerpted from: People's Posts and Telecommunications Publishing House "Ingenuity: The Method and Practice of Making a Minimum Viable Product (MVP)"
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