Cost Analysis and Pricing Strategy for KanKan Spice
Project scope
Categories
Accounting Data analysis Financial modeling Financial servicesSkills
minimum order quantity cost reduction pricing strategiesThe main goal for the project is to conduct a comprehensive cost analysis and develop a pricing strategy for KanKan Spice. This will involve understanding manufacturing costs, unit costs, fixing prices, profit calculations, minimum order to breakeven, and finding ways to maximize profits for the company.
- Analyzing the current manufacturing costs and identifying areas for improvement or cost reduction.
- Developing a comprehensive pricing strategy that takes into account the cost analysis, profit calculations, and market demand.
- Creating a breakeven analysis to determine the minimum order quantity required to cover all costs.
- Identifying opportunities to maximize profits through pricing adjustments and cost optimization.
- Providing a detailed report outlining the cost analysis findings, pricing strategy recommendations, and profit maximization opportunities.
- Having one on one meetings as needed to discuss, to guide, to review strategies.
- Being present for feedbacks and to test strategies
- Giving access to documentations, accounts and logins
- Sharing documentations and informations
- Explaining the company's vision, mission and values
About the company
Hello buyers, my name is Christiane Youmbi, and I am the founder of Kankan Ltd.
Today, I am delighted to introduce you to KanKan Spice. It is a secret blend of the world-famous Penja peppercorn and spices from the African rainforest, inspired by my grandma’s recipe in Cameroon.
When I created it in 2020, my goal was to encapsulate Africa in a bottle. While supermarkets offer spice blends from all over the world, there's a noticeable absence of African flavors.
Why should you care? Simply because there is a growing population of African immigrants. Did you know that each year over 300,000 immigrants from Africa decide to call Canada home? In particular, nearly 80,000 people from West and Central Africa settle down in the Greater Toronto Area.
Moving to a new country is not an easy experience. You have to adjust to a new culture, and one of the challenges newcomers face is homesickness. One way to prevent that is to eat food from your country of origin. Unfortunately, there are not many African restaurants around, or they are too expensive.
The solution? Cooking at home!!! But what happens if you are not a good cook or lack time? With KanKan Spices, all you have to do is sprinkle a little bit of Africa on fish, meat, or veggies to feel like you are back home, just like when your mother was cooking for you.
KanKan Spices are available in mild and medium-hot levels, and they come in various packaging options: jars of 5.3 oz, packages of 3 jars, or bags of any size you may need.
I am a trained Food Technology engineer with more than 10 years of experience in the food industry as a quality control manager for large corporations in Germany and Canada.
I pride myself on supplying a product that is traceable and consistent in quality Thank you so much for your attention.