Industrial Robots
Date: February 08th, 2012
To: Centennial Faculty Instructor- C.E. - “Sabaratnam Siveswaran”
From: Patel Kirti (Leader); Sharma Manu; Pathman Balasignam; Mehra Pratibha and Khan Ashifa
Subject: Case study presentation and Submission on “Industrial Robots”
➢ ISSUES IDENTIFICATION :
This article looks at a simple approach to start up a business. All though it has potential to become a successful business, it is important to identify some critical issues or problematic decisions made regarding the operation. Besides money or knowledge, there are many other elements to be considered. In business, we’re paid to take raw inputs and to add value to them by turning them into useful goods for people. This is easy to see in manufacturing, where the manufacturer adds value by taking a raw material and converts them into goods that an end user is will to pay for. This is where the “Value chain Analysis” tool is useful. Value chain Analysis helps you identify the ways in which you create value for your customers, and then helps you think through how you can maximize this value whether through superb products, great services, or jobs well done.
The customer or the end user of the product should receive the greatest value of the product which can be achieved by conducting tests such as activity analysis, value analysis and evaluation and planning. This seems to be missing in this article. A benefit of a value chain analysis is that it would help make decision quicker and allow the company to produce a quality service or product. In most cases, the more value you create, the more people will be prepared to pay a good price for your product or service, and the more they will keep on buying from you. On a personal level, if you add a lot of value to your team, you will excel in what you do. You should then expect to be rewarded in line with your contribution.
Prior to any implementation, a market study should be conducted as to where to sell the
To: Centennial Faculty Instructor- C.E. - “Sabaratnam Siveswaran”
From: Patel Kirti (Leader); Sharma Manu; Pathman Balasignam; Mehra Pratibha and Khan Ashifa
Subject: Case study presentation and Submission on “Industrial Robots”
➢ ISSUES IDENTIFICATION :
This article looks at a simple approach to start up a business. All though it has potential to become a successful business, it is important to identify some critical issues or problematic decisions made regarding the operation. Besides money or knowledge, there are many other elements to be considered. In business, we’re paid to take raw inputs and to add value to them by turning them into useful goods for people. This is easy to see in manufacturing, where the manufacturer adds value by taking a raw material and converts them into goods that an end user is will to pay for. This is where the “Value chain Analysis” tool is useful. Value chain Analysis helps you identify the ways in which you create value for your customers, and then helps you think through how you can maximize this value whether through superb products, great services, or jobs well done.
The customer or the end user of the product should receive the greatest value of the product which can be achieved by conducting tests such as activity analysis, value analysis and evaluation and planning. This seems to be missing in this article. A benefit of a value chain analysis is that it would help make decision quicker and allow the company to produce a quality service or product. In most cases, the more value you create, the more people will be prepared to pay a good price for your product or service, and the more they will keep on buying from you. On a personal level, if you add a lot of value to your team, you will excel in what you do. You should then expect to be rewarded in line with your contribution.
Prior to any implementation, a market study should be conducted as to where to sell the