NYX Resistance

Date: November 25, 2011

Time: 10:00 AM – 11:00 PM

Location: EB 2110

Attending:

Advisory Board Members:

- Erik

- Jonathon

Team Members:

- Ian (Facilitator)

- Colby

- Matt

- Christa

- Casey (Administration)

Agenda:

1. Introduction

2. Supply Chain

3. Cash Flows

4. Address previous action items

a. Fabric swatches displayed

b. Final Prototype development explained

5. Address the parking lot

a. Flat lock sewing machines

b. Prototype update – how we are getting our 10% bonus

6. Explanation of the next two weeks

a. Business Plan

b. Prototype Development

c. Final Pitches

7. Final Conclusion, exchange of contact information and Thank you to Advisors

Action Items:

1. Final Prototype Development

2. Business Plan

3. Pitch Development for Finals

Summary:

After introductions, Ian opened up with an explanation of the supply chain assignment. As a group we discussed realistic assumptions around timing as well as manufacturing. The availability of suppliers and their shipping schedules was discussed at length. Matt documented the group decisions to help to finish the assignment during our next NYX team meeting.

Along with the basic inputs and outputs of our supply chain we discussed Key Value Events as well as Key Performance Indicators for NYX and the distribution of the final product. The final decisions are below:

The Key Value Events are:

- Market validation – having the first working prototype validated by the market

- Empirical results – having a finished prototype that provides actual results from studies in the human performance lab

The Key Performance Indicators are:

- Perfect order rate

- Average days on hand

- Backorder rate

- Forecast accuracy and seasonality

- Number of loading time per vehicle

- Labour Productivity

- Cash Flow

- Efficiency of Assets

The next item on the agenda was cash flows. A brief description of this assignment was provided to the board. Upon discussing the requirements we decided that a connection with Jim and Barb may provide more insight towards this project. If we require assistance with this assignment we will email them with specific questions to help finish the project.

Casey took time to explain the final prototype and its properties. She outlined the email sent out explaining how NYX intends to get a full 10% bonus grade on the prototype development. She then outlined the final prototype; the inputs and expected expenses for NYX to incur. A flat lock sewing machine will be used to create the last prototypes. The final prototype will be created during the week of December, 01 2011.

Ian concluded the meeting by outlining the next two weeks of the Model the Start class and what NYX’s requirements are.

Date: November 10th
Time: 1 pm
Location: Starbucks 37th street

Agenda:

- Website design and functionality
- Prototype design
- SWOT analysis

Attending:

- Ian
- Casey
- Colby
- Matt
- Johnathan (advisory board member)

Some issues we had since our last group meeting was our website. This is the reason why we only invited Johnathan to our meeting as he knows and understands website design and functionality. Johnathan helped us out with our website theme, layout, and future ideas to add to the website.

We also went over our prototype, and how we could provide better functioning images through some sort of graphic design in order to demonstrate our prototype better. We are still currently working on this and hope to have this completed in the next couple weeks. As for the actual working prototype Casey mentioned that her step-mom has the ability to mimic a flat seam without having to use a flat seam sewing machine.

Johnathan also helped us out a lot with our swot analysis. We (the team) tried to not be as bias as possible and Johnathan certainly helped us out in this aspect.

Date: October 27, 2011

Time: 9:30-11:00 am

Where: EB 2061

Attending:

Erik (Advisory Board Member)

Jonathan (Advisory Board Member)

Barb (Advisory Board Member)

Jim (Advisory Board Member)

Freddie (Advisory Board Member)

Christa (Team Member)

Casey (Team Member)

Ian (Team Member)

Matt (Team Member)

Colby (Team Member)

Agenda:

1. Blog Tutorial

2. Advisor Expectations:

3. What NYX has been up to:

a. Prototype development and strategy

i. Erin’s assistance

ii. Ghetto mash up -> Minimally working -> Concierge

iii. Where we are now

b. Demand Creation Plan:

i. Trainer conferences

4. Parking Lot:

a. Distribution strategy

b. Flat seam sewing machines

c. Will the prototype function?

5. What NYX is up to:

a. Costs

b. Distribution

c. Key Partners and resources

d. Prototype Development

6. Open up to discussion and feedback

7. Conclusion

Action Items:

- Further development of prototype (Casey)

-Determine objectives for the end of the semester (Team)

-Put course outline and research paper under new tap on blog for advisors (Matt and Colby)

-Talk to trainers about demand creation plan (Team)

-Bring in fabric swatches (Casey)

Summary:

Matt delivered a quick explanation on how the advisors could use the blog effectively and efficiently. It was decided that there would be a new tab put onto the blog so the advisors had some additional information that would help them assist us. We then discussed what we expected from the advisors, explaining we wanted their expertise and experience. Jim expressed concern about what was hypothetical and we were actually expected to do. The team expressed that we too were struggling with this, and will try harder to communicate.

We showed the board the first prototype design that was developed with the help of Erin, our U of C kinesiology contact. As well a giving a brief description of our types of prototype (Ghetto mashup and minimally working). We then discussed our demand creation plan and our new development of focusing on trainers of elite athletes.

We discussed the items that we had put into the "parking lot" last meeting. Freddie told us about a flat seam sewing machine that a contact has, but we must have a "solid" working prototype. This will be helpful in the future. We discussed that we will be working on our costs very soon and be able to bring the advisors numbers.

Overall the meeting was good at identifying what is required from all stakeholders.

Date: October 6th, 2011
Time: 10:00 - 11:00 am
Project: NYX Resistance

Present:
Erik (Advisory Board Member)
Jonathan (Advisory Board Member)
Barb (Advisory Board Member)
Jim (Advisory Board Member)
Freddie (Advisory Board Member) 
Colby (Team Member)
Christa (Team Member)
Ian (Team Member)
Casey (Team Member)
Matt (Team Member)

Meeting Agenda:

• Introduce team members, advisers, and NYX
• Discuss company and meeting goals
• Present BMC to advisory board
• Clarify questions 
• Feedback 
• Re-cap

Action Items:

• Develop a working prototype by next meeting (Casey)
• Rip apart a pair of coreshorts and examine the technology (Casey)
• Potentially rethink name (Team)
• Get in touch with various physiotherapists and kinesiology students to help isolate the specific location of micro muscles (Colby)
• Demand Creation Plan (Team)
• Get access to U of C's Human Performance lab

Summary:

Upon presentation of NYX Business Model Canvas, immediate questions were raised regarding the actual functionality of the product itself. This question brought up a lot of discussion regarding the current prototype and how it could be improved upon (or if it was even feasible).

The discussion included; how NYX could keep the shirt stationary (prevent the bottom of the shirt from sliding up), does the name NYX really sell what we are marketing, which muscle groups will the shirt target, how will NYX prevent other companies from doing the same thing, what will the prototype look like - will it require a body suite to be functional or would a shirt suffice.

After much discussion, it became apparent that testing out various prototypes, meeting with physiotherapists, and getting athletes to test out the product would be our immediate steps in moving forward. Without being able to prove our product works, everything else is built on a house of cards.

Overall great headway was made with the potential designs for the prototype as well as the next steps needed to move forward.