...My product is a workout machine that is used for weight training like the Bowflex, Gold Gym’s XRS, and Body-Solid Double Stack Gym, and this product allows people to workout at home; instead of, people having to fight over workout equipment at a gym. For the model: 1. Bargaining power of buyers is relatively high for a couples reasons, and one would be that there are only a few vendors of these types of workout machines that are relatively priced in the same range, so the buyer could have the power to bargain on the price a little bit and pick between the machine he or she likes the best. The importance of each buyer to the new vendor when entering this market also allows the buyer of a workout machine to have some leverage on price over the vendor because not a lot of people are going out buying machines like these on a daily basis, so the select people that are exercise conscious and want it in the convenience of their own home isn’t a too wide range of people. 2. Bargaining power of suppliers is high in making the machines for the company because there aren’t too many manufacturers out there making these types of machines, or suppliers willing to take on making such as high priced machine without having to make a high starting price to start production, so the supplier can dictate the prices, thus raising them whenever they feel the need. 3. Threat of new entrants is relatively medium because the startup costs to produce the expensive machines and having large enough inventory...
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...As we can see, on the calculations; the company has chosen labour hours for the allocation base. But when we do the calculations with the machine hours with the allocation base, we face with a huge difference and moreover see a lower total cost, which make high the profit. Making profit higher will be a good thing, so the company should choose the machine hours for their allocation base and calculations. In addition; because of the technology improvement and automation; machinery will be more usable and effective. Moreover, because the machines will be heterogenous, we will then need different number of labor for each. Some of them is highly-automated whereas some of them is low-automated. So, again we understand that machine hours will be a better allocation base then labour hours. Labour hours Machine hours Standard products (high volume) 2500 3500 Specialised products (low volume) 1500 3000 Total 4000 6500 Difference Budgeted labour rate 42,5 279500/6500=43 -0,5 Budgeted overhead burden 149,825 599300/6500=92,2 57,625 Total Cost 192,325 135,2 57,125 2) As known, the most commonly used allocation base in traditional costing is direct labor hours. We can also see this in the case. But at this point, we may face with some problems such that in this process overhead is increasing while direct labor is decreasing. There is an 1800$ increase whereas 46% increase in the overheads dramatically. Moreover, we see a variance and complexity in the production process...
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...Baumol (1967), many years ago stated that productivity improvements in services are harder to achieve than in goods producing industries. There is no exact data about this but only some notion of hypothesis by the economists and business men support Baumol that it is hard to improve productivity in service sector due to some reasons. Service industry means one is offering their service using a platform and most commonly used platform till today is the labour force. The first reason that leads to the difficulty in improving productivity of a company is because service industry typically needs the intensity in their labour force to compare to the manufacturing industry. This is because the labour will deliver their service to the customer. They tend to involve a significant amount of customization or customer interaction, so their operations rely heavily on these labours. The more services to be delivered or the more customers to be reached, the more labour force will be required which then, costly per each labour salary they need to pay. For example, Hotel industry is labour-intensive since they need to hire more labours to satisfy their customer since they are delivering intangible goods to the customers and the only important platform of delivering that service which is the labour, must be qualified and enough. Talking about the importance in delivering the service to satisfy the customer, this is said to be the other reason for its harder to improve the productivity in...
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...Hmt Machine Tools ACKNOWLEDGEMENT- In real sense, a project is a combined effort of student skill and knowledge under the precious guidance of their experience and kind guidance of their training staff .Thus any project cannot be accomplished to one’s satisfaction without proper guidance and the total cooperation of all those involved in the project .So I am very thankful to the kind persons who have helped me immensely during our whole training period. I express my deep gratitude and sincere thanks to Mr.J.C.Sinha (finance) for their valuable guidance interest and consistent encouragement to me in the preparation of this project report. I also want to extend my greatest thanks to all those who are associated and contributed in this project. HMT PROFILE- HMT is incorporated in India in 1953 by the government of India as a machine tool manufacturing company. Over the years it diversified into watches, tractors, printing machinery, metal forming presses, die casting and plastic processing machinery, CNC systems and bearings. Today if we talk about HMT, it comprises of subsidiaries under the ambit of holding company, which also manages the tractors business directly. Earlier HMT was dealing only in watches but now in deals in many other products. The product range varies accordingly- 1. HMT machine tools 2. HMT watches limited 3. HMT Chinar watches limited 4. HMT international limited 5. HMT bearing tools limited 6. Praga tools limited It was in the early post...
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...Introduction to FMS What is FMS? United States Government - A series of automatic machine tools or items of fabrication equipment linked together with an automatic material handling system, a common hierarchical digital preprogrammed computer control, and provision for random fabrication of parts or assemblies that fall within predetermined families. Kearney and Trecker - A FMS is a group of NC machine tools that can randomly process a group of parts, having automated material handling and central computer control to dynamically balance resource utilization so that the system can adapt automatically to changes in parts production, mixes, and levels of output. From System Point of View FMS is a randomly loaded automated system based on group technology manufacturing linking integrated computer control and a group of machines to automatically produce and handle parts for continuous serial processing. FMS combines microelectronics and mechanical engineering to bring the economics of scale to batch work. A central on-line computer controls the machine tools, other workstations, and the transfer of components and tooling. The computer also provides monitoring and information control. This combination of flexibility and overall control makes possible the production of a wide range of products in small numbers. From Process and Technology of View 1. A process under control to produce varieties of components or products within its stated capability and to a predetermined schedule. 2...
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...Manufacturing Company Case & United Machine Workers Introduction to the case analysis The legal aspect of every contract in business requires critical analysis for every term in accordance to the specifics upon which both parties are involved. The reason for analyzing such terms carefully is because it can become a crucial part in determining the decision making when addressing any business problem. This is generally more important from the perspective of the company management because some situations can result in high intensity and significance for the company. Analyzing the terms of a contract will help avoid any inappropriate or insufficient conclusions when presenting a final resolution in times of a dispute. The case to be evaluated in this assignment is the result from an opposing perception of an issue in which both party’s are involved. The grievance is the result from the opposing views on a subordination matter; that of the management’s perspective and that of the employee. The case to be evaluated can very easily occur in an actual situation and I would like to write this analysis from the management’s perspective. Summary of the issue(s) The problem involves the contradicting views of a legal issue within the union contract reached between our firm, the Acme Manufacturing Company (the company) and the United Machine Workers Union (the union). The parties in question in the dispute are Mrs. Kyla Martin, a machine operator working in the company and...
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...and concluded. Same of steps to reach to the target of Energy Conservation can be listed : - ← 1) Identification of Inefficient areas / Equipments: - ← Enlistment or knowledge of type of energy being used. ← Study of machines / Technology employed. ← Process study and identification of major energy consumption areas. ← In depth process study to identify the inefficient use of energy. ← 2) Identification of Technology / Equipment requirement. ← 3) Discussion, Brain storming & Conclusion of resources requirement. ← 4) Management of resources like Manpower, Machine or Technology. ← 5) Evaluate your actions / efforts to estimate the Rate of Return ← 6) Implementation of New Process / New Technology / New Machines. ← 7 “Re-evaluate your actions / Your Efforts ← INEFFICIENT ACTION / EFFORTS CAN NOT GIVE EFFICIENT RESULTS.” ← “ONLY EFFICIENT EFFORTS & ECONOMIC IDEAS NEED TO BE TESTED) ENERGY MANAGEMENT TECHNIQUES ← 1) Self knowledge & Awareness among the masses ← 2) Re-engineering & evaluation ← 3) Technology Up gradations 1. Self Knowledge & Awareness Among The Masses: For the successful Energy management & implementation, the knowledge of process & machine for the leader is very important. On the first instance, there is always a resistance from the user. There might be psychological mind blocks in the user’s mind. This needs to be made known & clarified It is further more...
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...efficiency of robots, but eventually a depressed job market would lead to a population that struggles just to feed themselves and their families, let alone purchase the products these robots make. In the long run, society will suffer if it does not take care to prevent the economic consequences of giving everything over to machines. Our careless use of automation has already taken a toll on our culture. People have been interacting with automation in nearly every aspect of their lives, whether it be shopping, banking, or the use of a telephone. The effect of this is obvious: basic respect for our fellow man is all but absent today because of increased interaction with automation. Why treat a machine with kindness? It suffers no emotional or psychological damage. In a culture saturated with automation, we get used to treating machines rudely, and we begin to treat each other rudely. This of course leads to all sorts of issues, like intolerence and incivility, and in the long run, results in the complete degradation of culture. Even in the face of these obstacles, some people argue that the increasing intelligence of today’s machines is a good thing. After all, machine power can decrease the human work load....
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...tobacco (lamina) is moistened, cut and dried. Some of the excess stem produced in National Leaf is also used. It is fed into a conditioner using auto feed. Then, it is cooled and stored in silos to be processed further when necessary. A stem roller is used to flatten the stem so that it is ready to be cut first by the cutter and then by a millicutter. It is moistened using steam in low pressure and dried to attain the desired level of humidity. At this point the lamina and stem come together in the mixing cylinder where chemicals are added. There are different silos for each blend and the cut tobacco is stored in these. Four Rotary feeders are involved in transporting this to the secondary manufacturing department. A Molin’s Plug making machine makes...
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...JASMINE HUGHEE ______________________________ 195 Robertsville RD, Garnett, SC 29922 Cell: (803)598-9203 JHUGHEE@YAHOO.com SUMMARY Jasmine Hughee is seeking a work environment that will challenge her while allowing her to contribute to her growth and success. She is an adaptable Warehouse Associate with diverse experience in inventory, shipping, sales, machine operation, stocking, security protection and assembling areas. Quickly learns new tasks and works well in team environment or solo. She is a diligent professional with a solid work ethic and flexible schedule. HIGHLIGHTS *Stocking *Independent *Hard Working *Machine Operator *Sales *Organized *Shipping/Receiving Work Experience DBA Right at Home Rah Staffing - Bluffton, SC June 13 2015 - July 20 2015 Home Care Taker Wash Patients Travel to Patients homes ...
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...Should machines be used to do good and services instead humans? I believe they should not for many reasons. Machines can not be smart unless a human is controling it. So it would not matter if its an intelligent machine or not a human is still controlling it to do everything. When using a machine it could easily malfunction and it could be hard to fix the problem or it will just take a while to fix it. If a human is taking over instead of the machine there may be fewer problems. Machines have so many problems that it would not be worth having. Also, the more machines you have the less jobs there are for people because everyone thinks it would be better to have machines instead of people. When less people are out of work that means less money for those people and sometimes they will lose their homes or cars because they can not afford anything. Sometimes working with machines can be very stressful because they may not work at times or they could be running extremely slow and won’t get anything done. Machines are not smart at all, only when people are controlling them they are but not all the time. It may seem smart but its really not. In conclusion, I think machines should not be used to take over a human job because machines can not think only humans can think and make right or wrong decisions. Machines do not have brains, their not wired to think so why have them do stuff that we can do...
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...The truck smelt like burnt oil and the seats felt rough like the hide of an alligator. We drove for hours in complete silence then Jones finally broke it. He announced that we would arrive in only a few seconds. There it was Fort Brass; surrounding was a high fence with a bobbed wire curling at the top. We checked in through the gates there were guards surrounding the perimeter. Jones parked the truck told me to get out and walk in the metal building to the right he would meet me there shortly. I nodded in agreement, Jones then darted off to go park the truck. I proceeded to walk over to the large building when I opened the door I was stunned. It was a time travel machine about the size of an elevator. I heard rumors about the military building one but I never thought it was true. After looking at the machine for a minute Jones walked in with a smile on his face....
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...Sunflower seeds dehulling and separating machine can dehull and separate sunflower seeds efficiently. When the sunflower seeds dehulling and separating machine has frequent usage, it may have some extent of abrasion. It is very important to keep reasonable maintenance. How much do you know about sunflower seeds dehulling and separating machine? Sunflower seeds dehulling and separating machine is widely used in industrial production. As the sunflower seeds dehulling and separating machine operator, sunflower seeds dehulling and separating machine ordinary maintenance is quite important. How much do you know about sunflower seeds dehulling and separating machine ordinary maintenance? Each machinery should pay attention to equipment ordinary maintenance. And sunflower seeds dehulling and separating machine also has no exception. SUNFLOWER SEEDS DEHULLING AND SEPARATING MACHINE daily maintenance means a lot to the machine. It can not only avoid some malfunctions, but also prolong sunflower seeds dehulling and separating machine service life. This can ensure the production time of sunflower seeds dehulling and separating machine so as to create more economic benefits. Therefore, sunflower seeds dehulling and separating machine ordinary maintenance is necessary! Sunflower seeds dehulling and separating machine ordinary maintenance content: 1. Key machines maintenance; 2. Sunflower seeds dehulling and separating machine state maintenance. 3. Subjective state maintenance...
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...technology is now, it's pretty far, but can it replace a crane operator's human skills. Operating a crane requires good hand eye coordination, experience, safety precautions, and a knowledge of the crane limitations. The average age for this job is about 43, but most operators are older and are ready to retire. America is big, but its buildings are as well. They need maintenance that just could not be done without cranes. This is the ideal job for me because it's wage is high enough to provide for me, and the job comes with good financial benefits. Crane operators usually only operate one crane. There are mechanical, lattice boom cranes as well as cable or tower cranes and cable equipment to keep in shape. Crane operators lift and move machines, or materials for shipping or installation. There's different types of cranes for different jobs as well. This career excludes operating loaders and other equipment, but may be needed to be used once in a while("Certification Programs."). A crane operator's job includes more than just picking stuff and moving it around to another place. To operate, drive, and maintain the cranes to OSHA requirements, training, focus, effort, and testing to get a certification license, which needs to be renewed every 5 years on record. There are three different types of crane operators determined by the crane that they operate: tower cranes, overhead cranes, and mobile cranes. Tower cranes need to be set up and are not mobile by themselves. These cranes...
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...result the company decided to act as soon as possible. This report defines the investigation done to find the problem by studying the supply chain starting with the production floor in the winding department and then going to the packaging department. In the winding department, no one knows what the problem is or how to correct it. In the packaging department, many windings are found to be defective and require reworking before they can be packaged. This is consuming a lot of time and rework. The report then gives the results found and the recommendations suggested for the problem. Problem analysis: Using some of the TQM tools, we will try to find the cause of the problem. 1. Flow chart Produce by machine #1 Produce by machine #2 Produce by machine #3 Quality Control inspection Inspect electrical pieces Problem ?? Send for packaging Rework The first step is to get an idea on the current workflow. No YES 2. Fish bone The next step is to try to figure out where the problem could be. 3. Data Summary We try to make use of the data received from the company No. of Reject Units by Cause | | | | | | | | | | | | | | | | | | Failed | | | No. | | Bad | Twisted | Broken | Abraded | Wrong | Wrong | Electrical | | Date | Inspected | Winder | Wind | Wire | Leads | Wire | Core | Wire | Test | Total | 1 | 100 | 1 | 1 | 0 | 4 | 1 | 0 | 0 | 1 | 8 | | 100 | 2 | 2 | 1 | 0 | 0 | 1 | 5 | 0 | 11 | | 100 | 3 |...
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