Product Backlog
A prioritized list of tasks and features yet to be worked on. The product backlog is where ideas line up, waiting their turn for development.
Product
Anything created to meet a need or solve a problem, from tech to toys. A product is the endgame of development, packaging, and marketing all in one.
Procurement
The process of sourcing and purchasing goods and services for a business. Procurement is about getting the best supplies at the best prices to keep operations smooth.
Process Reengineering
The total overhaul of business processes for efficiency. Process reengineering wipes the slate clean and starts fresh, making workflows leaner.
Process Automation
Using tech to perform repetitive tasks, freeing up time for strategic work. Process automation takes over the grind, so people can focus on the good stuff.
Private Equity
Investment funds pooled to buy stakes in companies, often taking them private. Private equity is about big-money bets on businesses with serious growth potential.
Print Collateral
The printed materials used for marketing, like brochures, flyers, and posters. Print collateral gives brands a tangible presence that digital can’t quite replace.
Pricing Strategy
The plan for setting product prices to maximize profit and market share. A pricing strategy is a blend of art, science, and knowing what customers will pay.
Pricing Power
The ability of a business to raise prices without losing customers. Pricing power shows who’s got enough market clout to keep profits high.
Prescriptive Analytics
Data analysis that not only predicts but also suggests next steps. Prescriptive analytics says, “Here’s what will happen, and here’s what to do about it.”