...Reverse Logistics in Indian Automobile Industry Reverse Logistics is a process in which a product moves in reverse through the supply chain network. It may be used for the purpose of recapturing value of a final product or for even proper disposal. It may also be termed – service, as the process of planning, implementing and controlling the efficient and cost effective transfer of raw materials, in-process inventory, finished products and related information, from consumption to the point of origin, for the purpose of recapturing value of proper disposal. While the primary sectors involved in making use of this process may be classified as the Pharmaceutical Sector, Retail sector, Automobile sector and the Electronics sector, we are mainly about to focus all our attention to the practices of ‘Reverse Logistics’ in the Indian Automobile Industry. To truly know why the whole idea of ‘Reverse Logistics’ assumes significance when considered in terms of the Automobile Industry, first we need to think of the nature of the final product i.e. Automobiles or Vehicles as we call them. The parameter one needs to look at is the life cycle of the product and what happens to the final product once it reaches the end of its useful life. By its very nature, it’s difficult to predict the life cycle of the final product. This is because; it is highly susceptible to the nuances of the human subjectivities. But even if we are unable to predict the duration of the life cycle, we have definitely...
Words: 1394 - Pages: 6
...period in which America switched from an agricultural economy to an industrial economy. Henry Ford started making cars shortly after the industrial revolution. As the car industry grew, it created its own sort of revolution. This would not have been possible if not for Ford and his revolution of the motor industry via the assembly. As the car industry grew, it created its own sort of revolution. This would not have been possible if not for Ford and his revolution of the motor industry via the assembly line. Karl Benz founded Benz & Cie. (the first major automobile manufacturer in the world) thereby paving the way for all future automobile manufacturers. Although the first internal combustion engine was made in 1807 by Isaac De Rivaz, Benz made the first practical internal combustion engine. Benz made his first car the Benz patent-motor wagon in 1885. Benz made three versions of this, the third gaining the attention of people worldwide. Between 1889 and 1899 the number of people Benz & CIE employed increased almost tenfold. In 1899 Benz & CIE was the largest car manufacturer in the world, having produced 3,400 automobiles thus far. Karl Benz brought automobiles and their uses to the public’s attention and inspired many people to start their own automobile related businesses. At this time automobiles were still out of reach for the majority of people due to the cost to produce each car. Henry ford (is/was/0 not the first person to use assembly lines. Henry Ford was...
Words: 472 - Pages: 2
...The automobile industry is a giant, serving both public and private sectors of the economy and consuming enumerable amounts of goods used in production, accounting for numerous additional jobs. The complexity of the industry has grown over the years along with the complexity of the products it produces. New means of advertising and other market strategies further complicate this already hugely intricate industry. On top of this, the industry continues to evolve on an almost yearly basis with the introduction of new “essential standard features” that one would not have even considered putting in a car five years earlier. Despite it’s relatively recent rapid growth in the past 100 years, the automobile industry, had a somewhat slower start. Once the industry was set in motion it unquestionably continued to grow and develop amazing machines that provide a great service to society and a great profit to its manufactures, but the first 130 years the automobile industry took to establish itself as an important part of the economy are just as important to fully understand the industry. The first self-propelled street vehicle was invented by the French engineer and mechanic, Nicolas Joseph Cugnot, in 1769. It was a military tractor used by the French army to haul artillery. It was destroyed later that same year in what is considered the first automobile accident; it crashed into a wall.2 The engine, like most of its time, was steam powered. Steam was the main source of power...
Words: 3109 - Pages: 13
...Team B’s Week 5 Assignment ECO/365 Automotive Industry Introduction The automotive industry is one of most important businesses in the World, creating a variety of vehicles for consumers worldwide. Management teams must learn to recognize how changes in other businesses can directly or indirectly affect the success of firms in the same industry or another type in domestic and global markets. The following paper analyzes the effects of changes in the automotive industry and how regulations held by the government control the financial and consumer aspects this industry maintains domestically and globally. A Company Emergence in Market Mergers and Globalization Functioning as an evolving market, automotive firms all the world find innovative ways to appease customers by offering the multitude of vehicles meeting consumer needs. New companies entering the automotive industry are competitive businesses exploring ways to expand professionally through vertical mergers. “The automotive industry is literally built on the concept of vertical integration – that is, one company owning both the manufacturing and as much of the supply chain that leads to the factory floor as possible,”(Gorzelany, 2014.) For instance, currently Tesla Motors in building a $5 million dollar “giga-factory” to power its electric vehicles with half of its investment coming from Panasonic, Tesla’s partner in this vertical merger. Panasonic is a successful battery...
Words: 1869 - Pages: 8
...Lear Corporation Business Model & Strategic Plan BUS/475 January 11, 2016 Table of Contents Executive Summary ……………………………………………………………………...….…3 Business Model and Strategic Plan Part I: Existing Business or New Business Division; Vision, Mission, and Value Proposition ………………………………………………....……4 New product or service for the new company division ………………………………...….….5 Describe how division addresses customer needs and competitive advantage ……………....6 Vision and business model for new division ……………………………………...….....……7 Explain how vision, mission, and values of the new division align with the company’s mission and vision ……………………………………………………….……….7 Summarize Division’s Strategic Direction ………………………………………….………..7 Guiding Principles and Values of Division ……………………………………….………….8 Business Model and Strategic Plan Part II: SWOTT Analysis – Internal and External …………………………………………….…………………….….10 Economic and legal and regulatory forces and trends ……………………………….……...11 Critique how well organization adapts to change ………………………..………….………11 Analysis and explanation of the supply chain ……………………………………………….12 Identify issues and opportunities …………………………………………………………….12 Business Model and Strategic Plan Part III: Assumptions, Risk and change Management Plan; Summary of Strategic Objectives; Balanced Score Card and its impact on stakeholders; The Communication Plan ………………….…………………………………14 Balanced...
Words: 5916 - Pages: 24
...WWW.IBISWORLD.COM Automobile Electronics Manufacturing in the US April 2014 1 Plugged in: The industry will focus on energy efficiency during its recovery IBISWorld Industry Report 33632 Automobile Electronics Manufacturing in the US April 2014 Zachary Harris 2 2 2 2 3 About this Industry Industry Definition Main Activities Similar Industries Additional Resources 17 International Trade 19 Business Locations 34 Regulation & Policy 35 Industry Assistance 21 Competitive Landscape 21 Market Share Concentration 21 Key Success Factors 21 Cost Structure Benchmarks 23 Basis of Competition 24 Barriers to Entry 24 Industry Globalization 36 Key Statistics 36 Industry Data 36 Annual Change 36 Key Ratios 4 5 5 5 7 9 Industry at a Glance Industry Performance Executive Summary Key External Drivers Current Performance Industry Outlook 37 Jargon & Glossary 26 Major Companies 26 Denso Corporation 27 Delphi Corporation 28 TE Connectivity 11 Industry Life Cycle 13 Products & Markets 13 Supply Chain 13 Products & Services 15 Demand Determinants 16 Major Markets 32 Operating Conditions 32 Capital Intensity 33 Technology & Systems 33 Revenue Volatility www.ibisworld.com | 1-800-330-3772 | info @ibisworld.com WWW.IBISWORLD.COM Automobile Electronics Manufacturing in the US April 2014 2 About this Industry Industry Definition This industry manufactures motor vehicle parts that have or operate with the aid of small components...
Words: 15541 - Pages: 63
...The Ford Motor Company established itself as one of the preeminent auto companies worldwide with a long, refulgent history of automobile development for over one hundred years. As one of the leading vehicles manufacturers and prestigious brands in the world automobile industry, Ford’s solid brand management is its major strength. In 2014, Ford stands as the second largest automobile manufacturer in the United States and fourth largest in the world (Forbes). Furthermore, the firm ranks eighth among the largest American corporations in the 2014 Fortune 500 companies list. In the past decade, Ford succeeded in building credible and reputable auto products – its vehicles are visible on the roads throughout the United States. The company has garnered a loyal customer base and reputation through its quality goods and services. In fact, due to its mature US market and loyal customer base, Ford ranked second on a best car brand perception survey about customer satisfaction and brand loyalty (Consumer Reports). Ford endured despite the major financial hits of the 2008 recession because of its extensive knowledge of US market and consumers, and its great reputation in its home market for reliability, performance, and durability. In fact, Ford has leveraged its strong market position and brand name to intensify its competitive advantage and expand into international markets in over two hundred countries. As a result, Ford has achieved magnificent profits, especially in major developing...
Words: 789 - Pages: 4
...not all nations and industries. Nothing shows this more clearly than the collaboration between governments and automobile manufactures in the forties. Their collaboration will lead the continual rise of the automobile industry through the decade and play a large role in aiding the war effort. The beginning of automobile history in the forties really starts on one date: December seventh nineteen forty one. This is the day that Japanese zero’s carried out an attack on the Pearl Harbor naval base in Hawaii. This event would have a profound impact on the industry until nineteen forty five when the war concluded. Near the beginning of the year in nineteen forty two, all of the major automobile makers had ceased production of vehicles for civilian use. All unsold vehicles and parts were rationed by the government as part of the war effort.(“1940s automobiles”) The...
Words: 675 - Pages: 3
...Background- The industry makes over 50 million cars a year and employees millions of people. The industry consumes nearly 50% of the world’s rubber, 25% of its glass and 15% of the steel. The automobile industry helps fuel the economy. It also responsible for half of the worlds oil consumption. As new companies entered the market, they adopted the assembly line. Companies like Toyota began to tweak the mass production that Ford had started. Later this was dubbed “lean Production” Networks effect-The first automobile was prone to breakdowns and it was actually faster for people to get around using a horse and buggy. The automobile industry needed network effects to kick in so the car would pave roads along with gas stations. Key factors about the industry- the industry was shifting from large automobiles with poor gas mileage to vehicles like the Prius and the Ford Focus, Hybrid cars. Strengths- Lean Production reduced set up times for machinery and made shorter production runs more economical. Toyota all began to focus on JIT inventory systems, Flexible work practices and an organizational wide focus on QC, and the practice of stopping the assembly line to fix defects, the lean production system yielded significant gains on productivity and product quality. In turn it lowered cost, improved brand equity and gave Toyota a CA. Like earlier in the century as companies did with Ford’s assembly line, companies began to adopt the lean production approach. With all...
Words: 744 - Pages: 3
...Contents Introduction 2 Second generation (2004–2010) 2 Challenges for the Indian automobile industry - 3 Scarcity 6 Efficeiency 6 Market Command & Mixed Economy’s 6 PPF – Production-Possibility Frontier 6 Demand and Supply Analysis and Market. Equilibrium 6 Market Demand 7 Demand schedule 7 Demand Curve 7 Forces Behind Market Curve 7 Shifts in Demand 7 Market Supply 7 Supply Curve 7 Shifts in Supply 7 Equilibrium of supply and demand 7 Market clearing price 7 Elasticity, Revenue and Managerial Implications 7 Price elasticity of demand 8 Total Revenue 8 Elastic,inelastic,unitary perfect 8 Demand 8 Elasticity curve 8 Other elasticity measures 8 Income elasticity of demand Ei 8 Cross elasticity of demand Es 8 Price elasticity of supply Ec 8 Price Elasticity and the impact of taxation 8 Impact of Government Regulation: Price Ceiling, Price Floor and Taxes 8 Government regulation 8 Government regulation of automotive industry 9 Government regulation of Segement : Hatchbacks 9 Government regulation of Inputs used in Swift….metal/rubber 9 Government regulation of OIL/ DIESEL 9 Availability of substitutes 10 Plug-in hybrid 10 Price floors 11 Price Ceilings 11 Comparitive stats 11 Changes in demand and supply 11 Production Analysis 11 Production Function 11 Production 11 3: Aluminum 13 Short run 15 Long run 15 The 3 stages 15 The law of diminishing returns 15 Derived demand & the...
Words: 3516 - Pages: 15
...coalition of American auto parts manufacturers and their unions is complaining that the Japanese auto parts suppliers located in the United States do not supply the quality of parts for their cars. By purchasing auto parts from Japanese suppliers located in Japan and in the United States, automakers are accused of nothing less than a conspiracy to "colonize" American industry. The increased competition provided by Japanese auto parts manufacturers provides significant benefits to the auto industry and workers and to consumers. Consequently, any legislative action that restricted such competition would have harmful effects on the economy. As with all protectionist legislation, such actions would provide short-lived benefits to a small segment of the auto parts industry but would be harmful to the industry in the long run by reducing its incentives to produce better products. An estimated 15,000 parts and accessories are used in an average automobile, many of which are produced by the thousands of small, independent auto parts suppliers. These basic statistics provide an indication of how specialized the parts industry is. Auto parts makers tend to specialize in a few items requiring a high degree of skill. Because there are so many companies producing so many different parts and...
Words: 2166 - Pages: 9
...invention of the automobile. They were first created in China. But Karl Benz, a German engineer invented the modern automobiles. Cars have become a big part of the society today. The population in some areas of the world is changing. Because we are in the 21st century, we live in an urban lifestyle. People need to work in order to earn a living. Children go to school to acquire knowledge. Automobile industry is one of the most important industries in the world. It provide jobs for millions of people, generates billions of dollars in worldwide revenue. Automobiles have also revolutionized transportation in the 20th century, changing the way people do business and travel. Although automobiles are significant, we should ask the question what are the negative effects of owning one? Of course they are useful to us. In addition, owning an automobile contributes to the everyday life of an individual. However, there are many dangers of owning a car in which industries do not care about. They tend to care more about themselves and the profit they will make by selling their product. Production of automobiles have great effects on people and the environment because it causes pollution such as air that hence, leads to serious health effects. It also leads to depletion of natural resources, and the ozone layer. They also use unrecyclable parts to manufacture their product. In addition, the auto industry contributes to the decline of the global economy. Firstly, automobiles play a major...
Words: 1554 - Pages: 7
...Chaudhary Charan Singh University ,Meerut. (DEPARTMENT OF FOREIGN LANGUAGE) PROJECT ON GERMANY AUTOMOBILE INDUTRY CERTIFICATE OF PROFICIENCY IN GERMAN LANGUAGE SUBMITTED TO: DEPARTMENT OF FOREIGN LANGUAGE SUBMITTED BY: SHIVANK KAUSHIK ROLL NO. - 111754 INTERNAL EXAMINER EXTERNAL EXAMINER INDEX 1.GERMANY 2.GERMAN GEOGRAPHY 3.AUTOMOBILE INDUSTRY HISTORY 4.PRESENT DAY 5.CURRENT MANUFACTURERS(MAJOR/ MINOR) 6.REFRENCE/SOURCES GERMANY Germany officially the Federal Republic of Germany is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate. With 81.8 million inhabitants, it is the most populous member state and the largest economy in the European Union. It is one of the major political powers of the European continent and a technological leader in many fields...
Words: 1706 - Pages: 7
...preferred for many automotive and aeronautical application due to the fact that despite their strength that still light that the traditional metallic materials. The polymers often used to make this composite material is epoxy, polyester, vinyl and even nylon. Thus in making CFRP carbon fibre is often combined with polymers such as epoxy to result in a material that has a very high strength-to-weight ratio. Carbon fibre reinforced polymers despite being relative expensive as compared to other traditional metallic materials; they have been preferred for many applications such as in the automotive industry and aeronautical industry where high strength-to-weight ratio is demanded. (Image 1: carbon fibre reinforced polymer) Advantages of CFRP over Traditional metallic material Carbon fibre reinforced polymers are very strong which has made them of interest in the field of engineering. According to Gesellschaft (1981), CFRPs is important because they can offer high strength value at a relatively low value of weight. In the construction of body parts of automobiles, it is important that the designs are very low in fuel consumption. In order to have the minimal fuel consumption then, the first issue that the automobile fields have to address is the weight of the designs. CFRPs are of interest because they can be able to increase fuel efficiency in many car designs by reducing the overall weight of the automobiles. When the weight is reduced other benefits like reduced life cycle...
Words: 1460 - Pages: 6
...Summary: 3 Foreword: 4 Testimony 4 Automobile Industry in China 5 Projected Capacity 5 Holistic Supply Chain 6 GM & SAIC Partnership 6 Joint Ventures 6 Foreign enterprises 7 Corporate Level Strategy: 8 Business Level Strategy: 9 Conclusion: 10 References 11 Annexure 12 Executive Summary: This is a Case base scenario of Shanghai Automotive Industry Corporation (SAIC) and the General Motor Company (GM). The world’s largest automaker, traces its roots back to 1908. With its global headquarters in Detroit, GM does business in some 120 countries. The General Motors-China relationship dates back more than eight decades. GM China’s vision is together with its partners to be the best automotive group in China The joint venture between General Motors (GM) and Shanghai Automotive Industry Corp. (SAIC) in 1997 was regarded as the largest single foreign investment ever made in China. The joint venture was considered by many as a high-risk investment for GM at that time. Eight years after signing the joint venture, GM proved to the world that its investment in China was justified, with its growing market shares and successful partnership with SAIC. Attempts to understand the strategic alliance between GM and SAIC and how the relationship contributes to the success and rapid growth of GM in China. Also analyzes the strategies adopted by GM and the potential threats and challenges imposed on foreign automobile companies in China. Sheds light on devising...
Words: 2382 - Pages: 10
