Roper Pump develops industrial pumps including those used in oil drilling. Joseph Carl Kalchbrenner Sr. manages product development for elastomeric materials used in power sections of drilling strings. Data from testing materials in the lab and field is used to improve performance and meet customer needs. Methods like simulation testing help optimize materials and ensure power sections can withstand harsh drilling conditions. Continuous research, supplier quality checks, and adapting new technologies help Roper Pump enhance products.
Roper Pump is a leading manufacturer of industrial pumps and pumping systems. The company continuously works to develop and improve the elastomeric materials used in power sections of oil drilling strings through research and testing. Roper's product development process involves gathering performance data from the field and lab, identifying areas for improvement, simulating new materials and designs, and validating manufacturing processes before rolling out new products. The goal is to increase drilling efficiency and durability to maximize customer satisfaction and the company's market share.
This document provides a summary of the industrial training completed by Ajay Kumar at Lumax Mannoh Allied Technologies from June 15th to July 15th, 2016. It includes an introduction to APQP (Advanced Product Quality Planning), the major elements and phases of APQP, examples of process outputs like an FFMEA (Failure Mode and Effects Analysis). It also summarizes key failure modes, effects, potential causes and controls as part of the FFMEA process for improving product quality.
This document discusses the industrial training completed by Mayank Arora at Rajhans Pressing Pvt. Ltd., which is an ISO certified manufacturer and exporter of sheet metal components. It provides an introduction to the company and details of the quality tools used, including Vernier calipers, micrometers, height gauges, and CMM machines. The document also discusses new product development processes, models including Booz Allen Hamilton and stage-gate models, the stages of NPD, and PPAP documentation requirements for new parts.
Avadhesh Kumar is seeking a position that allows him to utilize over 9 years of experience in supplier quality assurance and new product development for automotive parts. He currently works as an Assistant Manager overseeing casting, forging, machining and gear development for a motorcycle manufacturer. Previously he held quality roles with Tata Motors and Oerlikon Graziano, focusing on supplier audits, process improvement, and resolving non-conformances. He has a diploma in mechanical engineering and bachelor's degree in technology.
A Study Report on Value Analysis and Value Engineering (VAVE)Avijeet Suryavanshi
This Project Report presents the basic fundamental of value engineering that can be implemented in any product to optimize its value. A case study of L&T Technology Services is discussed in
which the material, design of components is changed according to the value engineering methodology. In the present case study, it is observed that the unnecessary increase in cost is due
to the use of expensive material, increase in variety of items and thereby increasing the inventory and so on. Therefore, selected some components and applied value engineering technique for the cost reduction of these components.
Value Engineering is an effective tool in identifying areas where cost reduction can be achieved.
In order to effectively do this, various approaches in specific areas of focus are discussed in this report.
Trigger Based Email How to add value to your marketing mix adtech
The document discusses trigger-based email marketing campaigns. It asks questions about whether the reader has run such campaigns before and how. It also asks about the key factors for a successful campaign and discusses examples of trigger points like thank you emails, reminders, and surveys. The goal is to understand how readers currently use trigger emails and their interest in implementing them going forward.
The document is a survey being conducted by researchers to understand interest in installing redbox DVD rental kiosks on college campuses. It asks respondents about their movie watching and rental habits, preferences for rental methods, attitudes towards redbox kiosks, and interest in having them on their campus. The survey aims to measure the potential market for redbox's $1 per rental service on college properties.
Kadena Tate is a business acceleration consultant who helps entrepreneurs develop multiple offerings and package their expertise to attract clients, revenue, and influence. Her strategic marketing plan questionnaire guides clients through identifying their products and services, target audience, unique value proposition, and goals and tasks to achieve success. She promotes her 90-day coaching program called Explosive Revelations to transform businesses into seven-figure operations.
Roper Pump is a leading manufacturer of industrial pumps and pumping systems. The company continuously works to develop and improve the elastomeric materials used in power sections of oil drilling strings through research and testing. Roper's product development process involves gathering performance data from the field and lab, identifying areas for improvement, simulating new materials and designs, and validating manufacturing processes before rolling out new products. The goal is to increase drilling efficiency and durability to maximize customer satisfaction and the company's market share.
This document provides a summary of the industrial training completed by Ajay Kumar at Lumax Mannoh Allied Technologies from June 15th to July 15th, 2016. It includes an introduction to APQP (Advanced Product Quality Planning), the major elements and phases of APQP, examples of process outputs like an FFMEA (Failure Mode and Effects Analysis). It also summarizes key failure modes, effects, potential causes and controls as part of the FFMEA process for improving product quality.
This document discusses the industrial training completed by Mayank Arora at Rajhans Pressing Pvt. Ltd., which is an ISO certified manufacturer and exporter of sheet metal components. It provides an introduction to the company and details of the quality tools used, including Vernier calipers, micrometers, height gauges, and CMM machines. The document also discusses new product development processes, models including Booz Allen Hamilton and stage-gate models, the stages of NPD, and PPAP documentation requirements for new parts.
Avadhesh Kumar is seeking a position that allows him to utilize over 9 years of experience in supplier quality assurance and new product development for automotive parts. He currently works as an Assistant Manager overseeing casting, forging, machining and gear development for a motorcycle manufacturer. Previously he held quality roles with Tata Motors and Oerlikon Graziano, focusing on supplier audits, process improvement, and resolving non-conformances. He has a diploma in mechanical engineering and bachelor's degree in technology.
A Study Report on Value Analysis and Value Engineering (VAVE)Avijeet Suryavanshi
This Project Report presents the basic fundamental of value engineering that can be implemented in any product to optimize its value. A case study of L&T Technology Services is discussed in
which the material, design of components is changed according to the value engineering methodology. In the present case study, it is observed that the unnecessary increase in cost is due
to the use of expensive material, increase in variety of items and thereby increasing the inventory and so on. Therefore, selected some components and applied value engineering technique for the cost reduction of these components.
Value Engineering is an effective tool in identifying areas where cost reduction can be achieved.
In order to effectively do this, various approaches in specific areas of focus are discussed in this report.
Trigger Based Email How to add value to your marketing mix adtech
The document discusses trigger-based email marketing campaigns. It asks questions about whether the reader has run such campaigns before and how. It also asks about the key factors for a successful campaign and discusses examples of trigger points like thank you emails, reminders, and surveys. The goal is to understand how readers currently use trigger emails and their interest in implementing them going forward.
The document is a survey being conducted by researchers to understand interest in installing redbox DVD rental kiosks on college campuses. It asks respondents about their movie watching and rental habits, preferences for rental methods, attitudes towards redbox kiosks, and interest in having them on their campus. The survey aims to measure the potential market for redbox's $1 per rental service on college properties.
Kadena Tate is a business acceleration consultant who helps entrepreneurs develop multiple offerings and package their expertise to attract clients, revenue, and influence. Her strategic marketing plan questionnaire guides clients through identifying their products and services, target audience, unique value proposition, and goals and tasks to achieve success. She promotes her 90-day coaching program called Explosive Revelations to transform businesses into seven-figure operations.
This document contains a marketing questionnaire to gather information from a business to help develop a new marketing plan. It asks general questions about the business goals, target audience, current marketing strategies and their effectiveness. It also asks about social media presence, experience with search engine marketing and optimization, internet strategy management, preferred launch date and annual marketing budget. The questionnaire aims to understand both the business and customer needs to create a tailored marketing plan that saves time and money.
These summaries provide key information from marketing management questions and answers posted online by various students:
1. Marketing information systems consist of people, equipment, and procedures to gather, sort, analyze, evaluate, and distribute timely information to marketing decision-makers.
2. Common research approaches used in marketing include observation, surveys, and experiments, but not data gathering. Personal interviews involve face-to-face interaction between interviewers and respondents.
3. Maslow's hierarchy of needs theory proposes that people are motivated to satisfy hierarchical needs starting with physiological needs and progressing to more advanced needs like esteem and self-actualization.
Effects of factor analysis on the questionnaire of strategic marketing mix on...Alexander Decker
The document discusses a study that examined the effects of factor analysis on a questionnaire about strategic marketing mix and organizational objectives in the food and beverage industry. The results of the questionnaires were subjected to factor analysis, which showed several positive effects: 1) The correlation matrix was all positive and above 0.5, showing the adequacy of factor analysis. 2) Kaiser-Mayer Olkin value was 0.882, showing the data was suitable for factor analysis. 3) Eight factors were extracted explaining 72.6% of variability in the data. 4) Variables loaded strongly onto the factors. This shows factor analysis had significant positive effects on analyzing the questionnaire data.
The document discusses the characteristics, functions, types, and construction of questionnaires. It provides details on:
- Questionnaires should be short, simple, objective and avoid embarrassing questions.
- Functions include description and measurement of variables like attitudes and opinions.
- Types include fixed-response and open-ended questionnaires, and mail-administered vs face-to-face.
- Constructing a questionnaire involves deciding what to measure, the type, writing drafts, pretesting, and specifying procedures.
The document discusses components of an effective questionnaire including defining objectives, question design, and pretesting. It provides tips for writing clear, unbiased questions and outlines strengths and weaknesses of online versus paper surveys. Combining both online and paper is recommended for best results. Examples from marketing research and a student housing case study illustrate how questionnaires can be used to gather consumer insights and improve business decisions.
The document discusses adopting a "collaborative approach" rather than a "customer-controlled approach" when an implementer company works with a customer company on a software project. It suggests that the implementer should regularly provide input and disagree with the customer to improve the product, rather than just agreeing with the customer. It provides techniques for the implementer to do this respectfully at different project phases, from bidding to initiation to execution, such as presenting alternative solutions, analyzing impacts of changes, and having open discussions. The goal is for the two companies to work as peers to deliver the best product outcome.
This 3 sentence summary provides an overview of the key points from the document:
The document reports on an internship at an R&D department where the intern redesigned an air conditioning unit for a small bus using Solidworks. It discusses the characteristics of automotive air conditioning systems and challenges not encountered in stationary systems. The intern's training included redesigning an air conditioning unit using 3D modeling software.
Om0013 advanced production and operations managementsmumbahelp
This document provides information about getting fully solved assignments. It gives a mail ID and phone number to contact for assignment help. It provides details like the semester, subject code, name, credits and marks for the Advanced Production and Operations Management subject. It also includes sample questions and answers related to the subject matter. The questions cover topics like types of operational strategies, computer-aided manufacturing, applications of just-in-time, new product development, V4L principles and demand management.
The document provides an industrial training report submitted by Suyash Trivedi during their internship at Lumax Mannoh Allied Technologies from June 15th to July 15th, 2016. It includes sections on the company profile, customers, product details like the gear shifter, research and development processes, advanced quality planning (APQP), potential failure modes and effects analysis, inspection methods used, work allotted to the author, product components, and conclusions from the training. The report summarizes the author's learning experience during their internship focused on quality planning, failure analysis, and manufacturing processes at Lumax Mannoh.
Assignment adil aziz (operation strategy)Sheema Adil
Productivity measures the relationship between inputs and outputs of a production process. It can be measured partially for individual inputs like labor, materials, and capital, or multifactor productivity which considers total inputs and outputs.
Order qualifiers are basic requirements that allow a customer to consider a product, like quality or reliability. Order winners are distinguishing factors that influence a customer's purchase decision over competitors, such as price, speed of delivery, or brand reputation.
Firms must meet order qualifiers to be eligible for consideration and should focus on excelling in order winners to gain competitive advantage and sustain their position in the market. Balancing order qualifiers and winners like quality versus cost requires careful strategic decision making.
- The document provides an introduction to a simulation where the reader is in charge of a sensor manufacturing company. It outlines the company's situation and objectives to correct problems with outdated products, weak marketing, outdated production lines, and no financial management.
- It describes key aspects of the simulation including using reports to understand competitors and past performance, making decisions across R&D, marketing, production, and finance, and competing over multiple rounds to be a market leader.
- Sensor customers fall into 5 market segments that differ in growth rates, needs, and preferred sensor characteristics related to price, age, reliability, and size/performance positioning. The segments drift over time to demand newer technologies.
Whitepaper: The Next Evolution of Yokogawa CENTUMYokogawa
In 2014 Yokogawa is adding significant new capabilities to CENTUM VP. Now the New CENTUM VP becomes the platform for delivering four new innovations; Hyper-intuitive
Operation, Total Automation Management, Intelligent Plant Conductor, and Sustainable Plant Operation. Each innovation addresses pain points felt by today’s plant owner-operators as they strive for greater operational
integrity. Yokogawa has emphasized its objective to especially leverage two enabling technologies in this development program; field digital technology and dynamic process simulation.
This document discusses how to manage innovation programs in large organizations. It outlines applying the phases of project management (initiation, planning, execution, monitoring and control, closing) to drive and sustain innovation culture.
The initiation phase focuses on aligning idea generation with business strategy to produce relevant ideas. Planning defines the innovation cycle and sets timelines, resources, and criteria for assessing and prioritizing ideas. Execution is critical - it requires distinct roles like innovation geniuses, facilitators, and sponsors working together. Monitoring ensures goals are met and the program gets back on track if momentum is lost.
This document discusses how to manage innovation programs in large organizations. It outlines applying the phases of project management (initiation, planning, execution, monitoring and control, closing) to drive and sustain innovation culture.
The initiation phase focuses on aligning idea generation with business strategy to produce relevant ideas. Planning defines the innovation cycle and sets timelines, resources, and criteria for assessing and prioritizing ideas. Execution is critical - it requires distinct roles like innovation geniuses, facilitators, and sponsors working together. Monitoring ensures goals are met and the program gets back on track if momentum is lost.
Operation strategy assignment sheema razaSheema Adil
Hinopak Motors is the market leader in automobile manufacturing in Pakistan for 22 years. To measure productivity, Hinopak analyzes labor productivity by measuring the number of buses manufactured using available manpower over a month. Key order qualifying factors for Hinopak include its large dealership network and brand recognition. However, order winning factors that help Hinopak gain contracts over competitors include extensive after-sales support services like repairs, spare parts availability, free vehicle tune-ups and driver training, on-time deliveries, flexibility in order volumes and customizing vehicles to customer specifications. These order winning qualities give Hinopak a competitive edge.
The document summarizes the results and impacts of various companies' participation in the Accelerate project. The project aimed to identify needs for go-to-market acceleration in industry and collect metrics from use cases. Participating companies reported benefits like improved ability to bring products to market, establishing new ventures, increased networking and academic knowledge of acceleration best practices.
1) Pak Elektron Limited (PEL) manufactures printed circuit boards but has encountered problems with operations, productivity, quality, and delivery that have reduced profits and sales.
2) Key issues include production bottlenecks from shifting workloads, idle machines and workers, subpar quality inspection, and late deliveries averaging 9 days.
3) Recommendations include only accepting feasible orders, separating production into new and rework departments, and implementing quality management strategies like Six Sigma to improve processes, productivity, and performance.
The document discusses establishing business requirements for new projects. It covers defining business requirements, product vision, project scope, and creating a vision and scope document. The key points are:
1. Business requirements describe the needs that lead to projects and desired outcomes. They include opportunities, objectives, success metrics, and a vision statement.
2. The product vision describes what the product will achieve and its long-term purpose. The project scope defines what portion of the vision the current project will address.
3. A vision and scope document collects the business requirements and sets the stage for development. It is owned by an executive sponsor and created with a business analyst. It describes objectives, risks, assumptions, and the major
Progressive Insurance was able to grow substantially through operational innovations rather than acquisitions. They made improvements to everyday operations that reduced costs, increased productivity, and improved customer satisfaction. For example, claims adjusters worked directly with customers within 9 hours rather than the industry standard of 7-10 days. This operational strategy decreased cycle times, development expenses, and operating costs while boosting customer satisfaction. The article argues that operational innovation can provide lasting competitive advantages if companies understand how to implement changes that disrupt traditional ways of working.
The document discusses the process of new product development. It begins by defining tangible and intangible products. It then outlines the different stages of new product development: idea generation, idea screening, concept testing and development, marketing strategy, business analysis, product development, test marketing, and commercialization. It also provides an introduction to Tata Motors, describing the company's history and products. It specifically discusses Tata's Nano car project to create an affordable "People's Car" priced at around Rs. 1 lakh.
This document contains a marketing questionnaire to gather information from a business to help develop a new marketing plan. It asks general questions about the business goals, target audience, current marketing strategies and their effectiveness. It also asks about social media presence, experience with search engine marketing and optimization, internet strategy management, preferred launch date and annual marketing budget. The questionnaire aims to understand both the business and customer needs to create a tailored marketing plan that saves time and money.
These summaries provide key information from marketing management questions and answers posted online by various students:
1. Marketing information systems consist of people, equipment, and procedures to gather, sort, analyze, evaluate, and distribute timely information to marketing decision-makers.
2. Common research approaches used in marketing include observation, surveys, and experiments, but not data gathering. Personal interviews involve face-to-face interaction between interviewers and respondents.
3. Maslow's hierarchy of needs theory proposes that people are motivated to satisfy hierarchical needs starting with physiological needs and progressing to more advanced needs like esteem and self-actualization.
Effects of factor analysis on the questionnaire of strategic marketing mix on...Alexander Decker
The document discusses a study that examined the effects of factor analysis on a questionnaire about strategic marketing mix and organizational objectives in the food and beverage industry. The results of the questionnaires were subjected to factor analysis, which showed several positive effects: 1) The correlation matrix was all positive and above 0.5, showing the adequacy of factor analysis. 2) Kaiser-Mayer Olkin value was 0.882, showing the data was suitable for factor analysis. 3) Eight factors were extracted explaining 72.6% of variability in the data. 4) Variables loaded strongly onto the factors. This shows factor analysis had significant positive effects on analyzing the questionnaire data.
The document discusses the characteristics, functions, types, and construction of questionnaires. It provides details on:
- Questionnaires should be short, simple, objective and avoid embarrassing questions.
- Functions include description and measurement of variables like attitudes and opinions.
- Types include fixed-response and open-ended questionnaires, and mail-administered vs face-to-face.
- Constructing a questionnaire involves deciding what to measure, the type, writing drafts, pretesting, and specifying procedures.
The document discusses components of an effective questionnaire including defining objectives, question design, and pretesting. It provides tips for writing clear, unbiased questions and outlines strengths and weaknesses of online versus paper surveys. Combining both online and paper is recommended for best results. Examples from marketing research and a student housing case study illustrate how questionnaires can be used to gather consumer insights and improve business decisions.
The document discusses adopting a "collaborative approach" rather than a "customer-controlled approach" when an implementer company works with a customer company on a software project. It suggests that the implementer should regularly provide input and disagree with the customer to improve the product, rather than just agreeing with the customer. It provides techniques for the implementer to do this respectfully at different project phases, from bidding to initiation to execution, such as presenting alternative solutions, analyzing impacts of changes, and having open discussions. The goal is for the two companies to work as peers to deliver the best product outcome.
This 3 sentence summary provides an overview of the key points from the document:
The document reports on an internship at an R&D department where the intern redesigned an air conditioning unit for a small bus using Solidworks. It discusses the characteristics of automotive air conditioning systems and challenges not encountered in stationary systems. The intern's training included redesigning an air conditioning unit using 3D modeling software.
Om0013 advanced production and operations managementsmumbahelp
This document provides information about getting fully solved assignments. It gives a mail ID and phone number to contact for assignment help. It provides details like the semester, subject code, name, credits and marks for the Advanced Production and Operations Management subject. It also includes sample questions and answers related to the subject matter. The questions cover topics like types of operational strategies, computer-aided manufacturing, applications of just-in-time, new product development, V4L principles and demand management.
The document provides an industrial training report submitted by Suyash Trivedi during their internship at Lumax Mannoh Allied Technologies from June 15th to July 15th, 2016. It includes sections on the company profile, customers, product details like the gear shifter, research and development processes, advanced quality planning (APQP), potential failure modes and effects analysis, inspection methods used, work allotted to the author, product components, and conclusions from the training. The report summarizes the author's learning experience during their internship focused on quality planning, failure analysis, and manufacturing processes at Lumax Mannoh.
Assignment adil aziz (operation strategy)Sheema Adil
Productivity measures the relationship between inputs and outputs of a production process. It can be measured partially for individual inputs like labor, materials, and capital, or multifactor productivity which considers total inputs and outputs.
Order qualifiers are basic requirements that allow a customer to consider a product, like quality or reliability. Order winners are distinguishing factors that influence a customer's purchase decision over competitors, such as price, speed of delivery, or brand reputation.
Firms must meet order qualifiers to be eligible for consideration and should focus on excelling in order winners to gain competitive advantage and sustain their position in the market. Balancing order qualifiers and winners like quality versus cost requires careful strategic decision making.
- The document provides an introduction to a simulation where the reader is in charge of a sensor manufacturing company. It outlines the company's situation and objectives to correct problems with outdated products, weak marketing, outdated production lines, and no financial management.
- It describes key aspects of the simulation including using reports to understand competitors and past performance, making decisions across R&D, marketing, production, and finance, and competing over multiple rounds to be a market leader.
- Sensor customers fall into 5 market segments that differ in growth rates, needs, and preferred sensor characteristics related to price, age, reliability, and size/performance positioning. The segments drift over time to demand newer technologies.
Whitepaper: The Next Evolution of Yokogawa CENTUMYokogawa
In 2014 Yokogawa is adding significant new capabilities to CENTUM VP. Now the New CENTUM VP becomes the platform for delivering four new innovations; Hyper-intuitive
Operation, Total Automation Management, Intelligent Plant Conductor, and Sustainable Plant Operation. Each innovation addresses pain points felt by today’s plant owner-operators as they strive for greater operational
integrity. Yokogawa has emphasized its objective to especially leverage two enabling technologies in this development program; field digital technology and dynamic process simulation.
This document discusses how to manage innovation programs in large organizations. It outlines applying the phases of project management (initiation, planning, execution, monitoring and control, closing) to drive and sustain innovation culture.
The initiation phase focuses on aligning idea generation with business strategy to produce relevant ideas. Planning defines the innovation cycle and sets timelines, resources, and criteria for assessing and prioritizing ideas. Execution is critical - it requires distinct roles like innovation geniuses, facilitators, and sponsors working together. Monitoring ensures goals are met and the program gets back on track if momentum is lost.
This document discusses how to manage innovation programs in large organizations. It outlines applying the phases of project management (initiation, planning, execution, monitoring and control, closing) to drive and sustain innovation culture.
The initiation phase focuses on aligning idea generation with business strategy to produce relevant ideas. Planning defines the innovation cycle and sets timelines, resources, and criteria for assessing and prioritizing ideas. Execution is critical - it requires distinct roles like innovation geniuses, facilitators, and sponsors working together. Monitoring ensures goals are met and the program gets back on track if momentum is lost.
Operation strategy assignment sheema razaSheema Adil
Hinopak Motors is the market leader in automobile manufacturing in Pakistan for 22 years. To measure productivity, Hinopak analyzes labor productivity by measuring the number of buses manufactured using available manpower over a month. Key order qualifying factors for Hinopak include its large dealership network and brand recognition. However, order winning factors that help Hinopak gain contracts over competitors include extensive after-sales support services like repairs, spare parts availability, free vehicle tune-ups and driver training, on-time deliveries, flexibility in order volumes and customizing vehicles to customer specifications. These order winning qualities give Hinopak a competitive edge.
The document summarizes the results and impacts of various companies' participation in the Accelerate project. The project aimed to identify needs for go-to-market acceleration in industry and collect metrics from use cases. Participating companies reported benefits like improved ability to bring products to market, establishing new ventures, increased networking and academic knowledge of acceleration best practices.
1) Pak Elektron Limited (PEL) manufactures printed circuit boards but has encountered problems with operations, productivity, quality, and delivery that have reduced profits and sales.
2) Key issues include production bottlenecks from shifting workloads, idle machines and workers, subpar quality inspection, and late deliveries averaging 9 days.
3) Recommendations include only accepting feasible orders, separating production into new and rework departments, and implementing quality management strategies like Six Sigma to improve processes, productivity, and performance.
The document discusses establishing business requirements for new projects. It covers defining business requirements, product vision, project scope, and creating a vision and scope document. The key points are:
1. Business requirements describe the needs that lead to projects and desired outcomes. They include opportunities, objectives, success metrics, and a vision statement.
2. The product vision describes what the product will achieve and its long-term purpose. The project scope defines what portion of the vision the current project will address.
3. A vision and scope document collects the business requirements and sets the stage for development. It is owned by an executive sponsor and created with a business analyst. It describes objectives, risks, assumptions, and the major
Progressive Insurance was able to grow substantially through operational innovations rather than acquisitions. They made improvements to everyday operations that reduced costs, increased productivity, and improved customer satisfaction. For example, claims adjusters worked directly with customers within 9 hours rather than the industry standard of 7-10 days. This operational strategy decreased cycle times, development expenses, and operating costs while boosting customer satisfaction. The article argues that operational innovation can provide lasting competitive advantages if companies understand how to implement changes that disrupt traditional ways of working.
The document discusses the process of new product development. It begins by defining tangible and intangible products. It then outlines the different stages of new product development: idea generation, idea screening, concept testing and development, marketing strategy, business analysis, product development, test marketing, and commercialization. It also provides an introduction to Tata Motors, describing the company's history and products. It specifically discusses Tata's Nano car project to create an affordable "People's Car" priced at around Rs. 1 lakh.
Mark Opanasiuk - Product Market Fit - Genesis AcademyMark Opanasiuk
Product Market Fit - concept overview lecture.
Agenda
(1) Why most of startups fail?
(2) What is Product Market Fit?
(3) Customer Discovery for Problem Solution Fit
(4) Customer Validation for Product Market Fit
(5) Indicators of Product Market Fit
(6) After PMF - scaling and company building
The document provides an overview of value stream mapping from the Superfactory Excellence Program. It begins with definitions of value streams and types of value streams. It then discusses Toyota's history with lean production and value streams, describing how Toyota optimized its supply chain, production, distribution and other processes. The remainder of the document outlines the steps for identifying a product's current and future state value streams, including value stream mapping, identifying waste, setting future goals to eliminate waste and create flow, and planning implementation of changes.
Rehearsal Script Page 1 Introduction Lets get down t.docxdebishakespeare
This document provides instructions for completing tactics in a rehearsal simulation, including repositioning products, marketing products, and scheduling production. It explains that the goal is to understand basic tactics like how to change a product's attributes to meet changing customer demands, set an effective marketing mix, and determine optimal production levels to satisfy demand while managing inventory risks. Data to inform these decisions can be found in reports provided. The tutorial walks through examples of implementing each tactic and provides tips for the real simulation.
A-Well defined raw material specifications of product and its components, a k...IJERA Editor
New product design and development indeed needs long termvision for better product life and hence to have
better product features the design team has to take into consideration various techno-commercial aspects
todesign and develop most adequate new product. Normally in case of new product design all related activities
are initiated by the team of technicians under the directive jointly given by top and marketing management of
the concerned organization. Due to global competition in the market the product requirements are needed to be
carefully identified so as to make the product more user friendly to the customers. Considering this it is quite
obvious that top priority is for product performance considerations at the same time they have to establish the
product cost to make it more competent in the market. Due to these constraints recently the design and
development function has no more remained the responsibility technocrats but it has become techno-commercial
activity. One should treat this as design and development joint activity to be performed by the dedicated team of
techno-commercial people who are well equipped with sound technical knowledge so as to design the best
possible product. Due to this reason the primary design activity is seen to be interfacing with various
departments such as Marketing, Materials, Tool room ,Manufacturing, Vendor development and many other
related departments and valuable in puts from them are badly needed at the initial phase of product design and
development. This helps in identifying the product needs at various manufacturing stages well in advance. This
ultimately helps the design department to deliver the most adequate product with no operational problems and
product is ready to satisfy customer’s needs which ultimately leads to growth of organization through smooth
product life cycle management.
The document discusses key concepts in operations management including process mapping, performance measurement, types of processes, and factors affecting plant location and layout. It defines process mapping as creating diagrams that illustrate business processes. Performance can be measured through metrics like workload, efficiency, effectiveness, and productivity. The types of processes include job shop, batch, mass and continuous production. Important considerations for plant location are proximity to materials, markets, labor, utilities and transportation. Plant layout options include product, process, fixed position and combination layouts.
1. Case Study Roper Pump and Product Development<br />My case study is on a company named Roper Pump. It deals with the product development of their Industrial Pumps and Power-Sections dealing with respect to oil and gas drilling. To give a quick description of this Company and what its product lines consist of I will quote from their webpage entitled “About Us.” “Since 1857, the Roper Pump Company name has become synonymous with quality and dependable service. At Roper, we’ve built our worldwide reputation on reliability. We provide global sales, service, and support through our valuable network of distributors, representatives, and service companies. Today, Roper Pump is recognized world wide as a leading supplier of industrial pumps including helical gear pumps, progressing cavity pumps, triple screw pumps, rotary lobe pumps, pumping systems and solutions. As an ISO 9001:2000 certified designer and manufacturer, Roper Pump Company is setting the standard for premium quality products.” (Roper Pump) This sums up the Company in a way that gives it more justice than I could. They also continue to achieve and to set new standards for engineering and design using broad and innovative solutions.<br />Product development as in Roper Pumps case and many other organizations is the operation of creating new products or approving upon old ones to maximize profits. Innovation is the name of the product development game. Economically speaking you have a supply and demand curve for everything. In Roper’s case, the supply and demand graph is represented by the market of industrial pumps and Power-Sections. That being said there is a set demand for industrial pump motors and Power -Sections is represented by dollars allocated in the market. The supply is divided amongst other industrial pumps and Power-Sections made by other <br />suppliers of the same goods. Now again each industrial pump and Power-Section manufacturer has a share of some of the supply curve or market. This is due to choices and preferences made by the demanding organizations. The demand curve for the market is drawn by these organizations and the amount they have to produce for their market. For a company like Roper Pump to increase revenue and market shares within their market they must move closer to where the supply curve and the demand curve intersect. Roper Pump thus must increase their market share or the supply of their products market wide relative to the demand in the market. By increasing their share with product developments Ropers’ competitor’s experience a reciprocal effect on their share or the market causing product development on their end. Put simply the whole goal for spending funds and implementing product development is to increase revenues within a respective industry because the only way to move to the market equilibrium, which in this case is the overall money in the industrial pump market, they must do so by either better technology within the organization or innovations. This allows them to create of generate a short run first mover advantage over the competition in that product field, while as already stated, generating profits and allow the company to create Economies of Scale. Basic but important to understanding why companies like Roper Pump commit time and money to product development and the steps that make it up. <br />The book talks about product development. In simple terms, the operation that generates new ideas and eventually products increases revenues and drives innovation Worldwide. The goal of product development also is to address needs and solutions to problems because the reason for buying either Business to Business or Consumer to Business is to fulfill a need. This area of operations generates most of the revenues for a company as said before. Product <br />Development can also payoff big in profits because an organization is, if the product developed is either new or an improvement on existing products in the market, a step ahead of their competition. Now any new developments put them that much further ahead and increase their profits and investments from stockholders in the market. This means you have to have steps that take ideas and filters the bad ones out before they hit the market. This process starts in the idea stage. This is where a company brainstorms and throws around ideas on improving or implementing new products to bring to market. This is followed by the company then picking ideas that sound like possible investments and seeing how they stand up to current capabilities of developing this idea. If ideas can make it through this stage they then go to the idea validation, or the stage where customers needs for the product are taken into consideration and where specifications are drawn or produced. Specifications are made to see what the idea will be like and if it might have any noticeable flaws before production. If this stage goes well then the customers are presented with the idea again and if they accept then you take it to the manufacturing and production validation stage. If you are able to produce it and meet projected demands, with current resources, you implement the product into production and launch it into the market. This filtering process of new products ends with the evaluation of the final good or service. You will answer two major questions in this final stage, how it is currently doing compared with what it was expected to do, pass versus fail? Understanding this process means the understanding of the process and actual substance of what goes into product development.<br />I interviewed with Roper Pump’s Joseph Carl Kalchbrenner Sr., Manager of Sub Surface Oil Engineering and Expert for Elastomer Materials at Roper Pumps, about the Power-Sections operations and their continual product development. What is the Operation in technical terms? <br />The development and continuous improvement of elastomeric materials and new cost efficient production methods used in the application of drilling for oil and gas, specifically the stator materials in power-sections, of an oil drilling string. By development and continuous improvement you mean? I mean the continuous improvement and development of, in this operation, the stator materials in power-sections for oil drilling. What exactly are power sections of and oil drilling string? Another name is a mud motor or a drilling motor. They Progressive Cavity Positive Displacement Pump placed in a drill string that provides added power to a bit while drilling. It uses drilling fluid to create eccentric, or not centered, motion in the motor and transmission to concentric or centered power to the drill bit. Fluid is transferred through progress along a series of small sequential fixed shape cavities as the motor and transmission turn the pumps rotor. The rotor is a medal piece that connects at one end to the transmission and to the drill bit on the other. The rotor is held in place by a tightly sealed rubber stator, which has the same directional helical pattern. The fluid is transferred between the stator material and the cavities in the rotor to create added power. Depending on how you are drilling, through what, and at what angle the power section will change to maximize its output. To get more power/horsepower for example we increase the number of lobes and the length of the power section. What are the input/outputs involved? Inputs/outputs are broken up into two main areas: The Lab and The Field. The Lab is where real world simulations are proposed, modeled, and predictions are made. The lab also is where manufacturing output is monitored and tracked to control product quality. The Field is where operating conditions and performance data are obtained to track, and understand the performance envelop of the satisfactory operation of a specific elastomer and design. What happens in the operation to change input to outputs then? <br />Typically outputs are dictated by requirements and demands from the Field. Often, performance envelops are not fully understood or clearly delineated, leaving holes and grey areas of knowledge which need to be studied with a Gap Analysis. Once new outputs are defined, new inputs are then determined by following a set of subject matter expert algorithms, which will be simulated in The Lab. What is an Organizational Chart in the Operation like? A Subject Matter Expert is the key person and lead. Direct line reports are engineers and technician connected with the Lab. Dotted line reports are Field Service Sales, Operations Quality Control, and Production Management. How is this Operation Managed? Data is collected at all stages of production and in simulation experiments in The Lab. This data is tracked and trend charts are plotted to develop control limits on discrete segments of production. Specific sets of data are obtained on newly developed materials, in The Lab. This data is compared and contrasted to historical, production, lab and field data, and predictions are cast from these comparisons which determine if these may change in the field performance envelop. What are the performance measures that apply and are used? Performance measures are broken up into two primary areas, The Field and Production. The most important measures are Field performance. Customer satisfaction is highly dependant on successful completion of a drilling job. This is a discrete unit of field operation. Power-sections which fail half way through this discrete unit of operation are unsuccessful, and not desirable by the customer. A good measure is in the total number of complete drilling jobs handled by the material without change over to a replacement. Measures for production ultimately are bottom-line the durability of the material and cost. What methods are used to then improve the operation to meet the performance? Both those Filed and those used in Production? First method is the understanding and Body of Knowledge in Rubber <br />Chemistry and Application Physics. A Subject Matter Expert uses a set of ASTM approved and some “seat-of-the-pants” testing methodologies and apparatus’, which model or can model with some statistical significance, real world field requirements. These include the operation within a broad temperature, and pressure spectrum. We run tests also with the materials in aggressive and corrosive gases and liquid combinations, while simultaneously the component being tested is cycled dynamically. By this simulation in the Lab, with the high stresses and strains and the also at high frequencies of cycling we see an indication of how we expect our material to respond on the job. <br />Roper Pump Co. performs the operation of product development through continual R&D from the field to the lab. They send Joseph Carl Kalchbrenner Sr., as the Manager of Sub Surface Oil Engineering and Expert for Elastomer Materials for Roper Pump Co., to industrial tech fairs, rubber conferences, and other industrial events. Not all these events directly apply to Roper Pump Co.’s business but they can sometimes help provide ideas for cutting costs or new technologies or compounds that could be transferable and increase product quality and durability. Joseph Carl Kalchbrenner Sr. will also go out to suppliers to if the quality of the elastomeric materials, rubber, becomes inconsistent or just to drop in. This check on quality performance is done to see if they are mixing the rubber at correct levels with correct mixing component levels. Or to see the hired out suppliers to give them a new compound for production implementation. There are many other things that Roper Pump Co. does to perform the product development operation, which have been already addressed in the interview. <br />What I have learned from Roper Pump Co.’s product development and R&D operation with respect to power sections of a drilling string is that they like any must always do product development. Sometimes harder that others depending on the market competition and pressures to sell and make more money to keep people employed and shareholder happy. This is why the book says to develop new products. They don’t differ much from the books description. <br />