Implementing a Zone-Picking System in Warehouses Workflow

Conduct Feasibility Study

Type: Fill Checklist

**Conduct Feasibility Study** This step involves conducting an in-depth analysis to determine whether a proposed project or business venture is practical and achievable. The feasibility study assesses various factors such as market demand, financial viability, technological requirements, and regulatory compliance. It also identifies potential risks and opportunities associated with the project. Key activities performed during this stage include: * Gathering and analyzing data on target markets and competition * Evaluating the technical and logistical feasibility of the project * Assessing the financial implications and estimating costs and returns * Consulting with experts and stakeholders to gain a deeper understanding of the project's prospects The outcome of the feasibility study provides a solid foundation for decision-making, enabling businesses to determine whether to proceed with the project or not.