Through
the use of concurrent engineering approach, we are going to plan the production
of a new product that is Automobile. This product is different on the basis of
its fuel consumption and also its engine power is better than the other cars
and also it is a family luxury car. There are many components that are involved
in manufacturing the car. But in this report, there is discussion about the manufacturing
processes how this car will be manufactured through the use of this concurrent
engineering approach. There are five main elements involve in concurrent
engineering approach. These five elements are the process, multidisciplinary
team, an integrated design model, a facility and a software infrastructure [1].
For
manufacturing this car, the major step is to assemble the required raw
materials for the production and manufacturing of the car. There are some raw
materials that are required in bulk amount for the cost-effective business
strategy. These raw materials are ordered on the basis of the automobile
design. For manufacturing this car its design played a very essential role
because on the basis of this design all the calculations have been made. These
raw materials may include like the steel, copper, glass, special fiber and
aluminum. For manufacturing this car we
are using concurrent engineering approach so that case different processes will
be carried out at the same time so that we are able to design this car at
required time and also at low cost [2].
There
are some components that need to be produced during manufacturing of this car.
These components include the chassis of this car, the engine manufacturing,
interior design, the gear box, paint on the body, the seats of the car, assembling
all the main parts of the car and also the engine. For manufacturing the engine
of the car there are some parts of the engine that involve, the value cover,
cylindrical head, intake manifold, fuel rail, intake pipe, motor mount, charger
pipe, valves and pistons [3].
In this report there is discussion about the
manufacturing and planning process of the car’s engine. There are several
planning processes for manufacturing an automobile engine. Through the use of
concurrent engineering process, we will arrange the aluminum allay and
simultaneously heat this aluminum to convert it into liquid form. This process
will be run at the same time so for this we need continuous supply of steel and
aluminum. The first and most important part of the engine is the engine block
that is also called the body of the engine this is made up of steel and iron. After
this we will arrange the main mold of the engine and put the liquid solution of
steel and aluminum in the mold of engine. This will provide proper shape to the
engine of the car. In the end of this process we have got proper body of the
car’s engine.
After this stage the
engine body is moved towards the next stage and in that stage the different
robots are involved. These robots will shift the engine body to another body
with care and responsibility. This step is cost effective for my company and also,
I can able to move heavy engine body easily in less time. Move the engine body
in the shiner room, this will able to shine the engine’s body so that this
engine will move towards the next stage of manufacturing. In this stage there
is also a use concurrent engineering approach because I am using robots for
this process. For putting all the engine components, the first step is to
evaluate and design the engine body on the portable software. In that stage the
user will simulate each part of the engine with the real engine body and then
after this you are able to assemble all the parts of the engine easily
according to the requirement of the body.
Then after this there are
two to three robots that are involved in the next stage for manufacturing the
engine of the car. In this stage lubrication of all the body of the engine has
been done in high quality so that not a single part of the engine’s body is
left non-lubricated. This is long process because it takes long time so in that
stage, we have again use concurrent engineering approach for this so that there
is use of 2 to 3 robots so that this process will decrease the time.
In the next stage through
the use of optical camera cleanly checking all the main hole and points of the engine
body will be checked. In this camera all the main values are fixed so this
camera easily detects all the holes and body points of the engine body are
evaluated. In that process of manufacturing again this concurrent engineering
approach is used so that this process will be evaluated in very quick time.
Then in the next stage of
manufacturing the engine the pistons of the car’s engine will be assembled one
by one. Then after the next component of the engine that is valves of the
engine will be assembled one by one through the help of 2 different workers.
The two workers are involved in assembling the pistons of the engine this will
decrease the time for assembling the pistons of the engine. In this process
there is again use concurrent engineering approach. The body of the engine is
divided into two parts the first part of the engine is assemble by two workers
and the next part of the engine is assemble by the next worker then after this join
both these parts of the engine. During this process again this strategy is
used.
Then after this the
engine will move on to the next and very important stage of manufacturing. In
this stage the worker will cover the engine body with glow plugs. During this
process the concurrent engineering approach is used in the form of different
robots that are just involved in moving the engine from one worker to another
in no limit of time so this process decrease the human efforts and also the
time.
For moving the pistons of
the engine in correct order the crank shaft of the engine helps it to move in
proper way. For manufacturing the crankshafts only lathe machine control is
required that will carry out all the functions. The crank shaft is manufactured
before molding the engine body this is because according to the crank shaft the
body of the engine is defined. The pistons of the engine are manufactured after
the car’s body is manufactured this is because these pistons can be fitted
easily in the body of the engine. The next engine part is the cam shaft this
part of the engine is also manufactured after the body of the engine is
manufactured. This is component of the engine is attached right above the
valves of the engine. The next engine part is connecting rod and this rod is
used to connect the crank shaft with the pistons of the engine and this part is
manufactured according to the crankshaft and the pistons of the engine all
these parts are manufacture after molding the body of the engine. After this
the next component is the engine belt and this is made up of rubber. The length
of the belt is design through the use of software. There are three belts that
are used in manufacturing the engine of the car and these belts are made more
flexible so that they can be easily fixed with the engine of the car. The
design of these belts is also through the use of concurrent engineering
approach and these belts are connected through the use of robots.
Then in the next stage
this engine is moved towards the next worker that will connect all the parts of
the engine that will be used to connect with different parts of the car. All
the parts of the engine is assemble and then after this the engine will move
towards the testing process, this process is done through the use of different
robots that are involved in perfect testing of the engine and reduce the human
efforts and time.
Manufacturing
facilities for designing the engine
For designing the engine
there are many manufacturing facilities are used like different type of
machines, robots and also the different forklifts that are involved in moving
the engine from one place to another and also these lifts helps to move these
engine parts from one point to the other point of the ware house. The robots in
the warehouse play a major role in manufacturing the engine of the car. These
robots are able to move the heavy parts of the engine from one point to
another, this robot facility in manufacturing the car’s engine decrease the
human effort in great amount and also with that the engines are manufactured in
less amount of time. During the manufacturing of car’s engine the workers also
play a vital role in manufacturing because there are involving in designing the
engine blocks and other main parts of the engine. These workers ensure that all
the parts of the engine are well placed and well connected. Then these robots
move the main parts of the engine and these workers assembled them in correct
manner. The other major manufacturing facility is that the warehouse is very
big and also with all the components. Each component of the engine is manufactured
in my warehouse without any difficulty. There is no need of any subcontractors
for any kind of manufacturing facility because all the manufacturing process
has been done in mine warehouse.
As it has been discussed
in the above section that is there is no need of any subcontractors so this
means if there is no subcontractors involve in manufacturing the engine of the
car so there is no need of any protection system required for the manufacturing
facility. This is because all the products and components that are used to
manufacture the car engine are available in my ware house.
Business
management software for designing the engine
There are two business
management applications that I am using for making my business more powerful
and reliable for the future. These applications also help to support my
business and also help to improve the productivity of different engines. These
type of application provide demonstration about removing all the major errors
related the business to increase the efficiency in the different processes that
are involve in manufacturing the engine and engine components of the car. There
are two applications that I am using for my business management that includes
proof hub and the second one is the Studio cloud.
Proof
hub for designing the engine
This software is one of
the most used and powerful software that is used for business management. This
application is very much useful for managing the business that contains all
important features that is used to manage the business. This software also
helps to take all the major processes that are involve in business and then
manage them in correct way. Through the use of this software I can arrange all
the tasks of the business and also able to manage all the processes and can
store for future use. Through the use of this software I can also able to share
my files with each other. This application can be used through mobile phones.
There are some top features of this application on the basis of this I used
this application and these features are include
Through the use of this
project I can manage the effective projects and also able to manage major tasks
of my business. The next feature is that the facility of making Gantt chart for
my business, because this chart will help to make my business on a right track
and I can make decisions according to my business. This application also shows
some dynamic reports about the project that will give clear information about
the insights of my project. Then the last important feature is that it manages
all the time for the tasks that are conducting in my business [4].
Studio
Cloud for designing the engine
The next application is
the studio cloud and this application is also played a very important role in
managing my business in correct way this application is reliable for making
business more ideal for the future in very less time. Through the use of this
application I can manage my business anywhere and anytime. There are some
important features of this application on the basis of these features I am
using this software for my business management. The top features of this
application include
This application helps to
manage my clients and vendors by just using one click. This application also
helps to save all the main records of my employee’s salary and also all-important
bills of my warehouse. This application also helps me to send important
messages to my clients just setting the time limit on the different texts that
I want to sent. Through the use of this application I can review all the
important tasks regarding my business [5].
Cost
analysis
This is the main cost
analysis of my business and this involves different calculations that is about
the projected income statement for future there years, the balance sheet of the
three years. Also, breakeven analysis has been done for the three years will be
performed in the last part of the cost analysis.
Projected Income
Statement
|
|
|
|
|
|
|
|
Period Starting:
|
2019
|
2020
|
2021
|
|
|
|
|
Sales
|
|
|
|
Sales
|
5678908
|
6,246,799
|
6,871,479
|
Other
|
|
|
|
Total Sales
|
5,678,908
|
6,246,799
|
6,871,479
|
|
|
|
|
Less Cost of Goods Sold
|
|
|
|
Materials
|
567,895
|
624,685
|
687,153
|
Labor
|
89,756
|
98,732
|
108,605
|
Overhead
|
4,567
|
5,024
|
5,526
|
Other
|
|
|
|
Total Cost of Goods
Sold
|
662,218
|
728,440
|
801,284
|
|
|
|
|
Gross Profit
|
5,016,690
|
5,518,359
|
6,070,195
|
|
|
|
|
Operating Expenses
|
|
|
|
Salaries and wages
|
546,756
|
590,496
|
637,736
|
Employee benefits
|
47,856
|
51,684
|
55,819
|
Payroll taxes
|
765
|
826
|
892
|
Rent
|
7,865
|
8,494
|
9,174
|
Utilities
|
675
|
729
|
787
|
Repairs & maintenance
|
234
|
253
|
273
|
Insurance Expense
|
345
|
373
|
402
|
Travel
|
987
|
1,066
|
1,151
|
Internet/telephone
|
345
|
373
|
402
|
Postage
|
8,976
|
9,694
|
10,470
|
Key supplies
|
234
|
253
|
273
|
Advertising
|
986
|
1,065
|
1,150
|
Marketing/promotion
|
234
|
253
|
273
|
Professional fees
|
987
|
1,066
|
1,151
|
Training &
development
|
23,459
|
25,336
|
27,363
|
Bank charges
|
9,867
|
10,656
|
11,509
|
Depreciation
|
765
|
826
|
892
|
Miscellaneous
|
8,756
|
9,456
|
10,213
|
Other
|
|
|
|
Total Operating
Expenses
|
660,092
|
712,899
|
769,931
|
|
|
|
|
Operating Income
|
4,356,598
|
4,805,460
|
5,300,264
|
|
|
|
|
Interest income
(expense)
|
|
|
|
Other income (expense)
|
|
|
|
Total Nonoperating
Income (Expense)
|
0
|
0
|
0
|
|
|
|
|
Income (Loss) Before
Taxes
|
4,356,598
|
4,805,460
|
5,300,264
|
|
|
|
|
Income Taxes
|
|
|
|
|
|
|
|
Net Income (Loss)
|
4,356,598
|
4,805,460
|
5,300,264
|
|
|
|
|
Cumulative Net Income
(Loss)
|
4,356,598
|
9,162,058
|
14,462,321
|
The projected income
statement is prepared by assuming the sales growth rate of 10%. The expenses
however are assumed to be grow with rate of 8%. It can be seen that the
business will generate significant amount of revenue in the upcoming year.
Projected Balance
Sheet
|
|
|
|
|
Year 1:
|
Year 2:
|
Year 3:
|
|
|
|
|
ASSETS
|
|
|
|
|
|
|
|
Current Assets
|
|
|
|
Cash
|
76,456
|
85,631
|
95,906
|
Marketable
securities
|
546,754
|
612,364
|
685,848
|
Accounts
receivable, net
|
67,567
|
75,675
|
84,756
|
Inventory
|
67,567
|
75,675
|
84,756
|
Prepaid
expenses
|
5,456
|
6,111
|
6,844
|
Other
|
786
|
880
|
986
|
Total Current Assets
|
764,586
|
856,336
|
959,097
|
|
|
|
|
Long-Term Assets
|
|
|
|
Property,
plant, and equipment
|
4,575,787
|
5,124,881
|
5,739,867
|
Less
accumulated depreciation
|
456
|
511
|
572
|
Net
property, plant, and equipment
|
4,575,331
|
5,124,371
|
5,739,295
|
Other
long-term assets
|
5,667
|
6,347
|
7,109
|
Total Long-Term Assets
|
4,580,998
|
5,130,718
|
5,746,404
|
|
|
|
|
Total Assets
|
5,345,584
|
5,987,054
|
6,705,501
|
|
|
|
|
LIABILITIES AND
SHAREHOLDERS' EQUITY
|
|
|
|
|
|
|
|
Current Liabilities
|
|
|
|
Short-term
debt
|
45,465
|
50,921
|
57,031
|
Current
maturities of long-term debt
|
765,467
|
857,323
|
960,202
|
Accounts
payable
|
3,457
|
3,872
|
4,336
|
Income
taxes payable
|
7,654
|
8,572
|
9,601
|
Accrued
liabilities
|
34,589
|
38,740
|
43,388
|
Other
|
99,867
|
111,851
|
125,273
|
Total Current
Liabilities
|
956,499
|
1,071,279
|
1,199,832
|
|
|
|
|
Long-Term Liabilities
|
|
|
|
Long-term
debt less current maturities
|
56,789
|
63,604
|
71,236
|
Deferred
income taxes
|
6,754
|
7,564
|
8,472
|
Other
long-term liabilities
|
7,890
|
8,837
|
9,897
|
Total Long-Term
Liabilities
|
71,433
|
80,005
|
89,606
|
|
|
|
|
Shareholders' Equity
|
|
|
|
Common
stock
|
4,153,208
|
5,066,914
|
6,181,635
|
Additional
paid-in capital
|
56,789
|
69,283
|
84,525
|
Retained
earnings
|
98,765
|
120,493
|
147,002
|
Other
|
8,890
|
10,846
|
13,232
|
Total Shareholders'
Equity
|
4,317,652
|
5,267,535
|
6,426,393
|
|
|
|
|
Total Liabilities and
Shareholders' Equity
|
5,345,584
|
6,418,819
|
7,715,831
|
The assets of the
corporation are growing with rate of 12%. The growth in the amount of assets
showing growth of business
Breakeven Analysis
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost Details
|
Fixed Costs
|
|
Variable Costs (%)
|
Direct labor
|
76548
|
|
2.0
|
Labor or Material
|
1,000
|
|
2.0
|
Expenses related to Marketing
|
45,678
|
|
7.0
|
Other expenses
|
456
|
|
4.0
|
Salaries
|
67,465
|
|
1.0
|
Supplies
|
56,756
|
|
6.0
|
Maintenance & Repair
|
7,654
|
|
4.0
|
Advertising
|
3,456
|
|
5.0
|
Travel Expenditures
|
6,678
|
|
7.0
|
Accounting expenses
|
78,654
|
|
3.0
|
Rent
|
7,754
|
|
19.0
|
Internet
|
2,346
|
|
3.0
|
Utilities
|
9,876
|
|
3.0
|
Insurance
|
754
|
|
1.0
|
Taxes
|
456
|
|
3.0
|
Interest
|
987
|
|
3.0
|
Amortization
|
7,665
|
|
2.0
|
Campaign Expenses
|
345
|
|
3.0
|
Other expenses
|
9,876
|
|
2.0
|
Miscellaneous expenses
|
4,556
|
|
5.0
|
Debt payment
|
4,567
|
|
2.0
|
Owner's drawings
|
2,345
|
|
1.0
|
|
|
|
|
Total Fixed Costs
|
$
395,872
|
|
|
|
|
|
|
Total Variable Costs
|
|
|
88.0
|
|
|
|
|
|
|
|
|
Breakeven Sales level =
|
3298933
|
|
|
In order to achieve
breakeven point the corporation has to sell 3298933 to reach break-even.
Environment
protection strategy for designing the engine
The
warehouse where the car engine is manufactured is very good for the environment
protection because the warehouse has different type of chimneys that are
involve in protection of the air. These chimneys also used as good
environmental protection strategy. This strategy is important because it helps
to clean the air and save the air to be get polluted [6].
I have used such strategies that are also cost effective and also valuable for
my business. All the waste materials during manufacturing of engine are not
wasted in rivers or lakes but these waste materials are recycled and used for
other purposes [7].
References
of designing the engine
[1]
|
J. Stjepandić, G.
Rock and C. Bil, Concurrent Engineering Approaches for Sustainable Product
Development in a Multi-Disciplinary Environment: Proceedings of the 19th ISPE
International Conference on Concurrent Engineering, Springer Science &
Business Media, 2012.
|
[2]
|
S. N. Dwivedi, A. K.
Verma and J. E. Sneckenberger, CAD/CAM Robotics and Factories of the Future
’90: Volume 1: Concurrent Engineering 5th International Conference on
CAD/CAM, Robotics, and Factories of the Future (CARS and FOF’90 Proceedings
International Society for Productivity Enhancement, Springer Science &
Business Media, 2012.
|
[3]
|
C. Syan and U. Menon,
Concurrent Engineering: Concepts, implementation and practice, Springer
Science & Business Media, 2012.
|
[4]
|
M. Lichty and W. M.
Ron, Managing the Unmanageable: Rules, Tools, and Insights for Managing
Software People and Teams, Addison-Wesley, 2012.
|
[5]
|
B. Lientz and K. Rea,
Dynamic E-Business Implementation Management, Routledge, 2009.
|
[6]
|
E. G. Abdul Malik,
Environmental Protection Strategies for Sustainable Development, Springer
Science & Business Media,, 2011.
|
[7]
|
J. Perdikaris,
Physical Security and Environmental Protection, CRC Press, 2014.
|