ERPlan scope is to enter European market with a comprehensive solution to collect, consolidate and distribute logistic and temperature related information along the supply chain in order to provide food and pharma value chain with a strategic tool to monitor and validate cold chain excellence.
To achieve this result, ERPlan performed an extended feasibility study to define the current market prospective, define its solution pertinence and assess the company readiness to compete in this sector.
Here below it is possible to find a more detailed list of the performed tasks to fulfil these objectives:
* Market survey and analysis
- Primary and secondary research on multiple fonts
• Direct contacts with relevant stakeholders in food, pharma and transportation sectors
• Information collection from public and private sources (internet, associations’ reports, consultancy case studies, etc.)
- Information analysis to refine product and commercial strategy
* Solution comparative analysis
- Solution impact on target companies
- Competitors’ analysis
- Unmatched needs analysis
- Product roadmap evolution
• Features to be implemented in version 2
• Timing of the action
* ERPlan capacity plan
- Definition of effort
• Product evolution
• Commercial strategy implementation
• Revenue streams
- Definition of strategic partnerships
• Technical Partnerships scouting
• Commercial Partnership scouting
- Definition of internal effort needed to implement overall strategy
The main results of these activities might be summarized as follows:
* Market related results:
- Analysis confirmed target markets but market readiness has been re-defined for the three major market segments.
- Definition of a commercial strategy to penetrate international market
- Identification of commercial partner profile sought
* Product related results:
- Better understanding of international market needs and identification of unmet operative needs.
- Definition of a response to needs not identified at the moment of the application
- Re-definition of product roadmap and evaluation of the effort need to comply with it
* Financial Overview:
- Identification of financial sources
- Identification of potential revenue streams
- Definition of a financial strategy