1. The document discusses product design and development, covering topics like the product selection process, positioning, life cycle, and objectives of design.
2. It describes the characteristics of good design and concepts in product design like research and development. Techniques for design like quality function deployment and design for manufacturing and assembly are also covered.
3. The document concludes with sections on maintenance management, discussing the need for maintenance, objectives, different maintenance systems, and activities in maintenance management.
Drivers for product innovation; Process innovation; Concurrent engineering; Business process re-engineering - BPR; Reverse engineering; Value chain model & process innovation
Drivers for product innovation; Process innovation; Concurrent engineering; Business process re-engineering - BPR; Reverse engineering; Value chain model & process innovation
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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.
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Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
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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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It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxmy Pandit
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Explore the world of the Taurus zodiac sign. Learn about their stability, determination, and appreciation for beauty. Discover how Taureans' grounded nature and hardworking mindset define their unique personality.
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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.
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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.
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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.
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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
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This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your companyโs legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, weโll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
4. Product design and development
โข Product design:- development of the concept
or idea into that product
โข Product development:- refers to the process
of creating new products or modifying the
existing ones within a predetermined time
frame and cost price.
5. Need for product design and
development
To develop brand loyalty
Improving the life cycle
Utilizing the production resources
effectively
Increasing market share
6. Objectives of product design and
development
โข To overcome decline in the growth rate of an organization
โข To replace short-lived products
โข To optimally utilize surplus capacity
โข To redeploy surplus manpower arising out of technological
changes
โข To utilize surplus funds and increased borrowing power
โข To meet the new requirements of the customers
โข Growth in the market share by adding new designs and
more variety to the product range.
โข Filling in the missing products in the product range to
provide consumers with all the possible option within the
same brand.
7. Characteristics of good design
Functionality
Reliability
Productivity
Quality
Standardization and simplification
Maintainability
Cost effectiveness
8. Concepts of product design
Research and development
Reverse engineering
Computer Aided design / computer aided
manufacturing (CAD/CAM)
Concurrent engineering
Product Life Cycle
Manufacturability
Adaptability
10. Product Development Process
โข Exploration ( idea generation)
โข Feasibility study ( market research, technical
assessment)
โข Detailed engineering phase
โข Prototype sampling
โข Market testing
โข Ramp-up (commercial production)
11. Techniques for product design and
development
โข QFD
โข DFMA
โข Design for ease of production
โข Designing for quality
โข Designing for ergonomics
โข Designing for environmental protection
โข Designing for recycling
โข Designing for disassembly (DFD)
โข Designing for mass customization
โข CAD , Value engineering or value analysis
Aswathappa Page 60-63
12. Quality function deployment
โข An approach to product design by which the
voice of the customer is incorporated in the
product design.
โข This helps to transform the customer needs
into engineering characteristics for a product
or service.
13. Design for manufacturing and
assembly (DFMA)
โข It is a methodology used to determine how to
simplify a current or future product design
and or manufacturing process to achieve cost
savings. This method is based on the logic
that if you simplify the facture and assembly
of the designs by eliminating unnecessary
parts and assembly tooling, it will be less
costly to manufacture and will lead to
significant cost savings.
14. Value engineering and value analysis
โข Concept developed during WW II by Lawrence D.
Miles
โข It is the study of the relationship of design,
function and cost of any product, material or
service with the object of reducing its cost
through modification of design or material
specification, manufacture by more efficient
process, change in source of supply or possible
elimination or incorporation in a related item.
15. โข Need for process selection
โข Aggregate planning
โข MPS
โข Capacity planning
โ Short term and long term methods
โข Main function of PPC _ discussed in module 3
โข Benefits of PPC
โข Elements of automation:- CAD/CAM. FMS
โข COMPUTER INTGRATED manufacturing system
โข Robotics
โข Vision systems:- camera or video analyser
โข Automatic identification system
โข Assembly Line Balancing
16. Maintenance Management
โข The activities required to keep a facility in its
in-built condition, continuing to have its
original productive capacity and maintenance
management is managing the maintenance
activities.
17. โข Need for maintenance
โข Objectives of maintenance management
โข Planned maintenance system
โข Unplanned maintenance system
โข Activities in maintenance management
โ Inspection, lubrication, cleaning, servicing and
repairing
18. โข Maintenance of records
โข Record analysis
โข Maintenance training
โข Performance standards maintenance