Concurrent engineering is a method where different product development stages overlap instead of happening sequentially. This decreases development time and gets products to market faster, improving productivity and reducing costs. It provides long term competitive advantages for businesses. Implementing concurrent engineering requires reworking processes but pays off through designing products right the first time and avoiding multiple redesigns. Companies adopt it because of notable benefits like gaining a competitive edge through faster time to market, enhanced productivity by early problem discovery, and decreased design and development time.
Advanced manufacturing technology
Advanced manufacturing technology refers to applying more improved technology to optimize production. The technology process relates to production equipment and procedures used by manufacturing companies (Stornelli, Ozcan, & Simms, 2021). There are various examples of advanced manufacturing, such as composite or advanced materials, that ensure that glass, plastics, ceramics, and other specific cocktails of metals serve a particular application.
The participants involved in the manufacturing process of turning raw materials into final goods using tools, machinery, chemical processing, and human labor include; Engineers, production managers, CEOs, heads of sections, and junior employees. During the manufacturing process, the responsibility of the engineers is to identify the areas that need improvement, design new products, and various processes, and maintain high levels of manufacturing and high-quality products. On the other hand, the production managers oversee the day-to-day operations of manufacturing by coordinating, planning, and directing activities used to create a wide range of goods such as computer equipment, cars, and others.
The primary purpose of justification for the advanced manufacturing technology is to provide organizations with the opportunity to improve the quality of their manufacturing products to succeed in the business (Roca & O'Sullivan, 2020). That is because the advanced manufacturing capability can be determined by many employees and the processes that provide a good match and offer consistent products of high quality and at a lower price Advanced manufacturing technology is one of the modern ways of production where sophisticated and highly automated and computerized systems are incorporated in the production processes. Advanced manufacturing technologies aim to ensure quality products at low costs within a short period (Bai & Sarkis, 2017). The manufacturing sector is the strength of any industrialized nation. Even though a more significant percentage of the population might be unemployed in the service industries, the manufacturing industry is responsible for producing the nation’s wealth.
Advanced manufacturing technology
Advanced manufacturing technology refers to applying more improved technology to optimize production. The technology process relates to production equipment and procedures used by manufacturing companies (Stornelli, Ozcan, & Simms, 2021). There are various examples of advanced manufacturing, such as composite or advanced materials, that ensure that glass, plastics, ceramics, and other specific cocktails of metals serve a particular application.
The participants involved in the manufacturing process of turning raw materials into final goods using tools, machinery, chemical processing, and human labor include; Engineers, production managers, CEOs, heads of sections, and junior employees. During the manufacturing process, the responsibility of the engineers is to identify the areas that need improvement, design new products, and various processes, and maintain high levels of manufacturing and high-quality products. On the other hand, the production managers oversee the day-to-day operations of manufacturing by coordinating, planning, and directing activities used to create a wide range of goods such as computer equipment, cars, and others.
The primary purpose of justification for the advanced manufacturing technology is to provide organizations with the opportunity to improve the quality of their manufacturing products to succeed in the business (Roca & O'Sullivan, 2020). That is because the advanced manufacturing capability can be determined by many employees and the processes that provide a good match and offer consistent products of high quality and at a lower price Advanced manufacturing technology is one of the modern ways of production where sophisticated and highly automated and computerized systems are incorporated in the production processes. Advanced manufacturing technologies aim to ensure quality products at low costs within a short period (Bai & Sarkis, 2017). The manufacturing sector is the strength of any industrialized nation. Even though a more significant percentage of the population might be unemployed in the service industries, the manufacturing industry is responsible for producing the nation’s wealth.
At the PPS Spring Conference in San Francisco Ed Arnold, VP of Products at LeveragePoint, delivered his presentation "Anyone Can Build a Value Model: Let Me Show You How". Designed to help the audience make better strategic decisions for their organization, he discussed:
- Key concepts for building a value model
- How to use value models to make strategic decisions and craft marketing messages
- How to use value models to create customer-facing value propositions to support sales in capturing value
The talk received a very positive response from the attendees. Enjoy the presentation!
Case study: How a leading American Oil & Gas EPC company turned the recent gl...Wrench Solutions (P) Ltd
Visit Us On : www.wrenchsp.com
A holistic approach to business transformation by transforming people, process and technology. Takeaways:
• Build a lower cost, more flexible platform for growth, both to begin recapturing lost revenues and grow business.
• Rethink the use of technology -not just for collaboration but as a planning and monitoring business tool for complete project management or project delivery. Increase reliance on technology, decrease reliance on human effort.
• Keep sight of the bottom line and get more control over cashflows by using software technology to ‘connect the dots’ i.e. to link budget to schedules, deliverables to quality, and so on.
Drivers for product innovation; Process innovation; Concurrent engineering; Business process re-engineering - BPR; Reverse engineering; Value chain model & process innovation
Possible suggestions and overview on Procurement process streamlining.pptxabiytk
Suggestive slides presented as part my recruitment with the objective to designing a customized and an all new Procurement Directive for the newly established Construction Business Unit within the overarching Ethiopian Engineering and Investment Group (EEIG), a state-owned corporation having 8 business units being restructured to forming a holding company.
Digital Alpha is a leading technology and consulting services firm headquartered in New York. We provide solutions for:
- Asset Management companies
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Backed by the best industry minds from wall street companies like Bloomberg, Goldman Sachs, McKinsey, J.P Morgan, and Deloitte - we help enterprises take advantage of the data and digital paradigm to generate new levers that will accelerate growth.
One of the critical aspects of adopting a digital ecosystem is modernizing or enhancing legacy business suites through evolving technology platforms and frameworks to endure in this digital age. We leverage our integrated array of IT solutions, accelerators, and software expertise to achieve a technological breakthrough and enable companies with a more agile transformation.
Our actionable strategy with data-driven methodologies help you to solve the most complex problems in the following disciplines:
- Data Engineering
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- Business Operations Automation
At the PPS Spring Conference in San Francisco Ed Arnold, VP of Products at LeveragePoint, delivered his presentation "Anyone Can Build a Value Model: Let Me Show You How". Designed to help the audience make better strategic decisions for their organization, he discussed:
- Key concepts for building a value model
- How to use value models to make strategic decisions and craft marketing messages
- How to use value models to create customer-facing value propositions to support sales in capturing value
The talk received a very positive response from the attendees. Enjoy the presentation!
Case study: How a leading American Oil & Gas EPC company turned the recent gl...Wrench Solutions (P) Ltd
Visit Us On : www.wrenchsp.com
A holistic approach to business transformation by transforming people, process and technology. Takeaways:
• Build a lower cost, more flexible platform for growth, both to begin recapturing lost revenues and grow business.
• Rethink the use of technology -not just for collaboration but as a planning and monitoring business tool for complete project management or project delivery. Increase reliance on technology, decrease reliance on human effort.
• Keep sight of the bottom line and get more control over cashflows by using software technology to ‘connect the dots’ i.e. to link budget to schedules, deliverables to quality, and so on.
Drivers for product innovation; Process innovation; Concurrent engineering; Business process re-engineering - BPR; Reverse engineering; Value chain model & process innovation
Possible suggestions and overview on Procurement process streamlining.pptxabiytk
Suggestive slides presented as part my recruitment with the objective to designing a customized and an all new Procurement Directive for the newly established Construction Business Unit within the overarching Ethiopian Engineering and Investment Group (EEIG), a state-owned corporation having 8 business units being restructured to forming a holding company.
Digital Alpha is a leading technology and consulting services firm headquartered in New York. We provide solutions for:
- Asset Management companies
- Digital Health-Tech firms
Backed by the best industry minds from wall street companies like Bloomberg, Goldman Sachs, McKinsey, J.P Morgan, and Deloitte - we help enterprises take advantage of the data and digital paradigm to generate new levers that will accelerate growth.
One of the critical aspects of adopting a digital ecosystem is modernizing or enhancing legacy business suites through evolving technology platforms and frameworks to endure in this digital age. We leverage our integrated array of IT solutions, accelerators, and software expertise to achieve a technological breakthrough and enable companies with a more agile transformation.
Our actionable strategy with data-driven methodologies help you to solve the most complex problems in the following disciplines:
- Data Engineering
- Platform Engineering
- Business Operations Automation
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
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"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
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Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
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"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
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Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
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This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
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Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
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3. • Concurrent Engineering, also known as simultaneous engineering, is a method of
designing and developing products, in which the different stages run
simultaneously, rather than consecutively. It decreases product development
time and also the time to market, leading to improved productivity and reduced
costs.
• Concurrent Engineering is a long term business strategy, with long term benefits
to business. Though initial implementation can be challenging, the competitive
advantage means it is beneficial in the long term. It removes the need to have
multiple design reworks, by creating an environment for designing a product right
the first time round.
4. • Adoption of advanced technology: When firms within all industries in a nation adopt advanced technology, they can
enhance their operations, improve efficiency, and reduce costs. This includes implementing automation, utilizing data
analytics, adopting advanced machinery, or leveraging digital platforms.
• Increased efficiency and cost reduction: With advanced technology in place, firms can streamline their processes, reduce
human error, and optimize resource allocation. This leads to increased productivity, improved operational efficiency, and
cost reduction. For example, a logistics company in Kerala implements a sophisticated route optimization system,
reducing fuel consumption and delivery time.
• Economies of scale and profit maximization: By leveraging advanced technology, firms can achieve economies of scale.
This means they can increase their production volume without proportionately increasing costs, leading to lower average
costs per unit. As a result, firms can maximize their profits by selling more goods or services at competitive prices.
• Positive impact on GDP: The collective impact of all firms within the nation adopting advanced technology and achieving
economies of scale contributes positively to the nation's GDP. Increased productivity, cost reduction, and profit
maximization lead to higher levels of output and economic growth. This, in turn, contributes to the overall wealth of the
nation.
• Reinforcing cycle: The positive impact of technology adoption on the nation's GDP creates a reinforcing cycle. As firms
become more profitable and the economy grows, there is an increased incentive for further investment in technology.
This cycle of technology adoption, increased efficiency, and economic growth continues, leading to sustained wealth
creation for the nation.
5.
6. Why do companies adopt concurrent engineering methods?
The notable business benefits of concurrent engineering make it a compelling
strategy to adopt. Introducing concurrent engineering can lead to:
• Competitive Advantage- reduction in time to market means that businesses gain
an edge over their competitors.
• Enhanced Productivity- earlier discoveries of design problems means potential
issues can be corrected soon, rather than at a later stage in the development
process.
• Decrease Design and Development Time- make products which match their
customer’s needs, in less time and at a reduced cost