Prg powerpoint
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The document discusses opportunities in the used production equipment industry. It notes that when production equipment reaches end of life, it is not well tracked or documented and the aftermarket is price-driven. It sees opportunities to better serve emerging markets and different types of regional customers. It recommends that PRG, which currently uses a brokerage model, develop a certified pre-owned program, explore crossover markets, create technology incubators, and develop a regional scaling model to better serve religious and mobile event markets. It provides an initial 90-day plan to conduct market assessments, improve inventory tracking, develop an ecommerce strategy, and establish regional partnerships and teams.
Prg powerpoint
- 1. New-Life Equipment Division A presentation to Don Warrick don@donwarrick.com 805-617-3109 Skype 805-452-3192 Cell
- 2. Position Industry Snapshot When production equipment reaches end of life, it falls into an abyss End of life equipment is not sufficiently tracked and documented The visible aftermarket is almost entirely eCommerce-based, and price-driven
- 3. Position Industry Snapshot Equipment life cycles are shortening, adding increased volume of used equipment to the marketplace The consumer and pro markets for entertainment technology are reaching parity Existing used inventories are pressured by low-cost equipment entering the market Value is not added to used equipment once it comes out of service
- 4. Position Where is the consumer? Emerging Markets Follow the expatriot diaspora India, China, Korea, Middle East Regional Markets Regional Production Services Regional Theater Technology for Worship Academia Freelance Market Mobile Event Production - DJ market Club/Pub/Market - market
- 7. Conclusion: Used equipment is not a front-line enterprise
- 16. Conclusion PRG sells its used equipment using a brokerage model Some large emerging markets may be under- served The garage sale marketplace is inconsistent with PRGs corporate mandate. Current e-commerce participation is minimal No secondary or tertiary channels
- 17. Recommendations Short Term Global Market Assessment focusing on emerging markets Evaluation of current inventory management system Disposition all used equipment into three categories Premium Commodity Salvage Evaluation of current direct sales organization & methods Full participation in current e-commerce marketplace
- 18. Recommendations Long Term Certified Pre-owned program Cross-over markets. Home theatre technologies with Provenance* Smart-Arts Business incubators focus on technology for worship. System Scaling for - pub/club and mobile
- 19. Certified PreOwned Legitimizing and adding value Assigned value program Consistent with the paradigm 7-year/100,000-mile limited warranty 24-hour Emergency Roadside Assistance Car Rental Reimbursement and Towing Benefit Genuine Nissan parts CARFAX速 Vehicle History Report SiriusXM Satellite Radio with 3-month trial subscription Optional Security+Plus速 Extended Protection Plan
- 20. Cross-over markets Home theatre technologies with Provenance* Home Theatre High-End systems integrators Offering top-shelf pro-line equipment with Provenance Certificate of authenticity Video of event where equipment was utilized Up-sold based on scarcity, exclusivity
- 21. The Smart-Arts Business Incubator Business incubation focused on live event production Co-opt with local/municipal/state and federal agencies Utilizes vacant big box stores Creates a local venue for performance/education/promotion Strategically located to utilize undergraduate and graduate talent Visualization studios Creates regional repair depot Creates regional demo space Creates additional rental storage Regional penetration into the technology for worship marketplace
- 22. NewLife Equipment Division 90 Day Plan Jan 1 Jan 7 Jan 14 Jan 21 Jan 28 Feb 4 Feb 11 Feb 18 Feb 25 Mar 4 Mar 11 Mar 18 Mar 25 Ongoing Strategy and Planning USITT Milwaukee Global Market Assessment Project scope and resource evaluation Develop Communication Plan Inventory analysis and valuation Inventory Database and tracking analysis eCommerce strategy Process Development Web development Mobile application development Mobile application deployment Staff Staff Evaluation Revise blueprint job descriptions (regional partnerships, key stakeholder relationships) New Markets - Team development Jan 1 Jan 7 Jan 14 Jan 21 Jan 28 Feb 4 Feb 11 Feb 18 Feb 25 Mar 4 Mar 11 Mar 18 Mar 25 Ongoing
- 23. Thank you for your time