Analysis of Cost of Sales Account

To do total cost industrial engineering, Industrial engineers have to analyze cost of sales account.
Cost of sales account is an appropriate summation of job cost accounts, process cost accounts and cost center costs. Industrial engineers should be able to divide the total cost of sales of the company into various underlying accounts to identify cost reduction challenges and opportunities.

Accounting: Cost of Goods Manufactured/ Cost of Goods Sold: Part I

______________________

______________________
profblazarus




Accounting: Cost of Goods Manufactured/Cost of Goods Sold (Part II)

______________________

______________________
profblazarus



http://www.accountingformanagement.org/finished-goods-and-cost-of-goods-sold/


See the recording keeping specified for Textile Industry in India regarding cost.

COST ACCOUNTING RECORDS (TEXTILES) RULES 1977
MINISTRY OF LAW JUSTICE AND COMPANY AFFAIRS NOTIFICATION
NEW DELHI THE 28TH JUNE 1977
COST ACCOUNTING RECORDS (TEXTILES) RULES 1977
http://www.mca.gov.in/Ministry/PDFs/text.pdf

Account Based COPA - Simplification with Simple Finance  in SAP
http://scn.sap.com/docs/DOC-65828

Updated 26 Apr 2016, 18 April 2016

April 4th Week - IE Knowledge Revision

---------------------------

22 April to 26 April 2016

Statement of Cash Flows - Review Notes
http://nraomtr.blogspot.com/2011/12/statement-of-cash-flows-review-notes.html
Financial Statement Analysis - Review Notes
http://nraomtr.blogspot.com/2011/12/financial-statement-analysis-review.html

Cost Accounting

23 April 2016

Role of Costing and Cost Accounting in the Organizations
http://nraomtr.blogspot.com/2011/12/role-of-costing-and-cost-accounting-in.html
Introduction to Cost Terms - Review Notes
http://nraomtr.blogspot.com/2011/12/introduction-to-cost-terms-review-notes.html

Traditional Cost Objectives and Their Utility
http://nraomtr.blogspot.com/2011/12/traditional-cost-objectives-and-their.html
Job Costing - Review Notes
http://nraomtr.blogspot.com/2011/12/job-costing-review-notes.html


Activity-Based Costing and Activity-Based Budgeting
http://nraomtr.blogspot.com/2011/12/activity-based-costing-and-activity.html
Process Costing - Review Notes
http://nraomtr.blogspot.com/2011/12/process-costing-review-notes.html

Cost Center Reports and Analysis
http://nraomtr.blogspot.in/2016/04/cost-center-reports-and-analysis.html

Cost of Sales Account Analysis
http://nraoiekc.blogspot.in/2016/04/analysis-of-cost-of-sales-accout.html




April 3rd Week - IE Knowledge Revision

Programmer Productivity - Bibliography

1992
https://www.andrews.edu/~vyhmeisr/papers/progprod.html

Function Points were first described by Albrecht (Albrecht, 1979), and have since been accepted by much of the software development community. The basic idea is that LOC are not measured, but rather the functionality of the developed program. This clearly removes the numeric advantage or disadvantage of the programming language. Some languages take longer to achieve the same functionality, but run faster and are more portable. Function Points still do not address the problems of internal documentation (DECLAREs, COMMENTs, etc.) in the software itself..

Smart Industrial Devices, Equipments and Machines - Sensor Attached Equipments

March 2016

Wearable Sensors for Low-Voltage Motors
New sensors from ABB are designed to bring condition monitoring and preventative maintenance to low-voltage motors that are typically not part of asset management programs.
http://www.automationworld.com/wearable-sensors-low-voltage-motors

Physical Internet - Efficient Sustainable Logistics Movement

Universal interconnection of logistics services

A Physical Internet where goods travel in modular containers for the sake of interconnection in open networks. 

Ballot, E, B. Montreuil and F. Fontane (2010).

Topology of Logistic Networks and the Potential of a Physical Internet

CGS-Production and Logistics Systems, École des Mines de Paris, France et CIRRELT, Université Laval, Québec, Canada


Abstract : The topology of the logistic networks that contribute contemporary logistics is minimally examined or challenged in the assessment and improvement of the performance of supply chains, logistic and freight transportation. In this paper, it is shown that the topology of logistic networks has a major performance impact and that it can be significantly improved if the actual organization of flows is substituted by an organization founded on the universal interconnectivity of logistic networks: the Physical Internet.

The performance of contemporary vs. Physical Internet enabled network topologies is measured and contrasted through transportation throughput requirements, flow travel, and total costs.

Ballot, E., B. Montreuil & C. Thivierge (2012),


Montreuil B. (2011)

Towards a Physical Internet: Meeting the Global Logistics Sustainability Grand Challenge

Logistics Research, Vol. 3, No. 2-3, p. 71-87.


Abstract : This paper starts with the assertion that the way physical objects are currently transported, handled, stored, realized, supplied, and used throughout the world is unsustainable economically, environmentally, and socially. Evidence supporting this assertion is exposed through a set of key unsustainability symptoms.

It suggests exploiting the Digital Internet metaphor to develop a Physical Internet vision toward meeting this grand challenge. The paradigm breaking vision is introduced through a set of its key characteristics. The paper then proceeds with addressing the implications and requirements for implementing the Physical Internet vision as a means to meet the grand challenge.

It concludes with a call for further research, innovation, and development to really shape and assess the vision and, much more important, to give it flesh through real initiatives and projects so as to really influence in a positive way the collective future.

Functional Design of Physical Internet Facilities: A Road-Rail Hub 

in Progress in Material Handling Research: 2012, MHIA, Charlotte, NC (2012).


Abstract : Montreuil, Meller and Ballot enumerated the type of facilities that would be necessary to operate a Physical Internet (PI, π), which they termed, “π-nodes.”

This paper is part of a three-paper series for the 2012 IMHRC where the authors provide functional designs of three PI facilities. This paper covers a PI road-rail hub. The purpose of a PI road-rail node is to enable the transfer of PI containers from their inbound to outbound destinations. Therefore, a road-rail π-hub provides a mechanism to transfer π-containers from a train to another one or a truck or from a truck to a train. The objective of the paper is to provide a design that is feasible to meet the objectives of this type of facility, identify ways to measure the performance of the design, and to identify research models that would assist in the design of such facilities. The functional design is presented in sufficient detail as to provide an engineer a proof of concept.

Montreuil, B., R.D. Meller, C. Thivierge, C., and Z. Montreuil (2012),

Functional Design of Physical Internet Facilities: A Unimodal Road-Based Crossdocking Hub

in Progress in Material Handling Research: 2012, MHIA, Charlotte, NC (2012).


Abstract : As part of the 2010 IMHRC, Montreuil, Meller and Ballot proposed a set of facility types that would be necessary to operate a Physical Internet (PI, π), which they termed π-nodes. This paper is part of a three-paper series for the 2012 IMHRC where the authors provide functional designs of three PI facilities. This paper covers a unimodal road-based crossdocking hub designed specifically to exploit the characteristics of Physical Internet modular containers so as to enable the efficient and sustainable transhipment of each of them from its inbound truck to its outbound truck. The objective of the paper is to provide a design that is feasible to meet the objectives of this type of facility, identify ways to measure the performance of the design, and to identify research models that would assist in the design of such facilities. The functional design is presented in sufficient detail as to provide an engineer a proof of concept.


First work in the field of flows transportation

Sarraj, R., E. Ballot, S. Pan, D. Hakimi, B. Montreuil (2013),

Interconnected logistic networks and protocols: simulation-based efficiency assessment, 

in International Journal of Production Research (2013).


Abstract : Logistic networks intensely use means of transportation and storage facilities to deliver goods. However, these logistic networks are still poorly interconnected and this fragmentation is responsible for a lack of consolidation and thus efficiency. To cope with the seeming contradiction of just-in-time deliveries and challenging emissions targets, a major improvement in supply networks is sought here.

This new organisation is based on the universal interconnection of logistics services, namely a Physical Internet where goods travel in modular containers for the sake of interconnection in open networks.

If from a logical point of view, merging container flows should improve efficiency, no demonstration of its potential has been carried out prior to the here reported research. To reach this potentiality assessment goal, we model the asynchronous shipment and creation of containers within an interconnected network of services, find the best path routing for each container and minimise the use of transportations means. To carry out the demonstration and assess the associated stakes, we use a set of actual flows from the fast-moving consumer goods sector in France. Various transportation protocols and scenarios are tested, revealing encouraging results for efficiency indicators such as CO2 emissions, cost, lead time, delivery travel time, and so forth.

As this is a first work in the field of flows transportation, the simulation model and experiment exposes many further research avenues.

http://physicalinternetinitiative.org/publications.htm


A Presentation on Physical Internet

Physical Internet Manifesto

http://physicalinternetinitiative.org/index.php

Prototyping Internet of Things Ideas and Networks - Book Excerpts

Microcontroller is the main component to build an IoT Device.

Dig further into the ways of interfacing microcontroller with the real world using the “Interfacing with Hardware” page on the Arduino Playground website:(http://playground.arduino.cc//Main/InterfacingWithHardware). .

From the perspective of the electronics, the starting point for prototyping is usually a “breadboard”. This lets you push-fit components and wires to make up circuits without requiring any soldering and therefore makes experimentation easy.

8-bit microcontrollers are still in use, although the price of 32-bit microcontrollers is now dropping to the level where they’re starting to be edged out.

There are lots of microcontroller manufacturers (Atmel, Microchip, NXP, Texas Instruments, to name a few), each with a range of chips for different applications.

The ubiquitous Arduino platform is based around Atmel’s AVR ATmega family of microcontroller chips.

SYSTEM-ON-CHIPS
In between the low-end microcontroller and a full-blown PC sits the SoC (the Raspberry Pi).

RAM
If you want to run standard encryption protocols, you will need at least 4KB RAM, and preferably more.


Networking

The device has to connect to the rest of the world. Wired Ethernet is often the simplest for the user and cheapest, but it requires a physical cable. Wireless solutions avoid that requirement with a more complicated configuration. WiFi is the most widely deployed to provide an existing infrastructure for connections, but it can be more expensive and consumes more power  than some of its competitors.  ZigBee is a technology aimed particularly at sensor networks and scenarios such as home automation. The recent Bluetooth LE protocol (also known as Bluetooth 4.0) has a very low power-consumption profile similar to ZigBee. Standard Bluetooth chips included in phones and laptops.


USB
If your device can rely on a more powerful computer being nearby, tethering to it via USB can be an easy way to provide both power and networking. Some of the microcontrollers can be bought in versions which include support for USB, so choosing one of them reduces the need for an extra chip in your circuit.

Instead of the microcontroller presenting itself as a device, some can also act as the USB “host”. This configuration lets you connect items that would normally expect to be connected to a computer—devices such as phones, for example, using the Android ADK, additional storage capacity, or WiFi
dongles.

Interfacing with Sensors and Other Circuitry
The device has to interact with sensors to gather data about its environment and motors, LEDs, screens, and so on, to provide output. You could connect to the circuitry through some sort of peripheral bus—SPI and I2C being common ones—or through ADC or DAC modules to read or write varying voltages; or through generic GPIO pins, which provide digital on/off inputs or outputs. Different microcontrollers or SoC solutions offer different mixtures of these interfaces in differing numbers.

Arduino board

The “standard” Arduino board has gone through a number of iterations: Arduino NG, Diecimila, Duemilanove, and Uno. The Uno features an ATmega328 microcontroller and a USB socket for
connection to a computer. It has 32KB of storage and 2KB of RAM,

The Uno also provides 14 GPIO pins (of which 6 can also provide PWM output) and 6 10-bit resolution ADC pins. The ATmega’s serial port is made available through both the IO pins, and, via an additional chip, the USB connector.

Integrated Development Environment
To develop using  the Arduino, the integrated development environment (IDE) that the team supply at http://arduino.cc is used. This is a fully functional IDE, based on the one used for the Processing language (http://processing.org/). Most Arduino projects consist of a single file of code. IDE mostly is a simple file editor. You use it  to check the code (by compiling it) and to push code to the board.

Language
The language usually used for Arduino is a slightly modified dialect of C++ derived from the Wiring platform. It includes some libraries used to read and write data from the I/O pins provided on the Arduino and to do some basic handling for “interrupts” (a way of doing multitasking, at a very low level).
This variant of C++ tries to be forgiving about the ordering of code; for example, it allows you to call functions before they are defined.

The code needs to provide only two routines:
◾ setup(): This routine is run once when the board first boots. You
could use it to set the modes of I/O pins to input or output or to prepare
a data structure which will be used throughout the program.
◾ loop(): This routine is run repeatedly in a tight loop while the Arduino is switched on. Typically, you might check some input, do  some calculation on it, and perhaps do some output in response.

In the absence of a screen, the Arduino allows you to write information over the USB cable using Serial.write(). For debugging,  information can be accessed using it.  The Arduino IDE provides a serial monitor which echoes the data that the Arduino has sent over the USB cable. This could
include any textual information, such as logging information, comments, and details about the data that the Arduino is receiving and processing (to double-check that your calculations are doing the right thing).


The Arduino can be powered using a USB connection from your computer. This capability is usually quite convenient during prototyping because you need the serial connection in any case to program the board. The Arduino also has a socket for an external power supply.

RASPBERRY PI

Raspberry Pi is effectively a computer that can run a real, modern operating system, communicate with a keyboard and mouse, talk to the Internet, and drive a TV/monitor with high-resolution graphics. The Pi Model B has built-in Ethernet. Many makers blogged about their own attempts to use Raspberry Pi and have contributed designs to Thingiverse, Instructables, and others.

Extension boards and other accessories are already available for the Raspberry Pi. Many interesting kits are in development, such as the Gertboard (www.raspberrypi.org/archives/tag/gertboard), designed for conveniently playing with the GPIO pins.


To seriously explore the Raspberry Pi, a copy of the Raspberry Pi User Guide, by Eben Upton and Gareth Halfacree (Wiley, 2012) is to be consulted.

Operating System
For Internet of Things work on Pi, use the Linux based Adafruit distro.  The main tweaks of  interest in it are:
◾ The sshd (SSH protocol daemon) is enabled by default, so you can connect to the console remotely.
◾ The device registers itself using zero-configuration networking (zeroconf) with the name raspberrypi.local, so you don’t need to know or guess which IP address it picks up from the network in order to make a connection.

Programming Language
 The Pi Foundation, suggests Python. (and indeed the name “Pi” comes initially from Python).

Readily available libraries on PyPi
(https://pypi.python.org/pypi) may  provide code that other people have written, used, and thoroughly tested.

Node.js is used by some board brands.

Node.js is a platform built on Chrome’s JavaScript runtime for easily building fast, scalable network applications. Node.js uses an event-driven, non-blocking I/O model that makes it lightweight
and efficient, perfect for data-intensive real-time applications that run across distributed devices.
—http://nodejs.org/

Node.js is a rich environment with a host of libraries available to integrate into the app. Currently, the convenient npm (Node Packaged Modules) utility isn’t bundled with the IDE, but this is an item for a future version. In the meantime, online help and forums should get you over any possible stumbling blocks.

IoT Prototyping with Node.js and Firebase (Ubiquity Dev Summit 2016)

Google Developers
___________________

___________________

GETTING STARTED WITH AN API
The most important part of a web service, with regards to an Internet of Things device, is the Application Programming Interface, or API. An API is a way of accessing a service  to interact with another computer application.  The interaction can be with a cloud application.

Excerpts from the Book

Designing the Internet of Things

by Adrian McEwen and Hakim Cassimally
Wiley, 2014






Create Prototypes and Get to Market Faster Using Intel® Edison Technology
Intel® Edison technology is a hardware and software platform that, when combined with sensors and your imagination, empowers you to invent new Internet-enabled products and solutions.
https://software.intel.com/en-us/iot/hardware/edison

Prototyping tools for the Internet of Things
Our hardware development kits give you a microcontroller and connectivity (Wi-Fi or cellular) along with powerful software development tools and a cloud back-end. Add the internet to your product with a single line of code.
https://www.particle.io/prototype

Internet of Things Hardware Round-up

Below is a list of some popular boards and development platforms to help you with your latest prototype or DIY project.
http://postscapes.com/internet-of-things-hardware

As a platform, shiftr.io provides you with the ability to share your data and access data of others. Sharing data publicly is encouraged by the platform's design. In the future, we plan to have additional features that allow more interactions between users and their namespaces.

Using shiftr.io everyone is able to rapidly prototype connected objects and build a network of connected things. Start building prototypes for the Internet of Things now!
https://shiftr.io/


SCALING TO A PROTOTYPE USING INTEL® IOT TECHNOLOGY
Joe W.'s picture Joe W., March 4, 2016
https://software.intel.com/en-us/blogs/2016/03/04/scaling-to-a-prototype-on-intel-iot-architecture

A Rapid IoT Prototyping Toolkit
Shayne Hodge
January 12, 2016
http://iot.ieee.org/newsletter/january-2016/a-rapid-iot-prototyping-toolkit.html

Prototyping Connected Devices for the Internet of Things
Steve Hodges, Stuart Taylor, Nicolas Villar, and James Scott, Microsoft Research Cambridge, UK
Dominik Bial, University of Duisburg-Essen, Germany
Patrick Tobias Fischer, University of Strathclyde, Glasgow, UK
http://research.microsoft.com/pubs/187495/06357162.pdf

FUN WITH THE ARDUINO 101
paul-guermonprez (Intel)'s picture paul-guermonprez (Intel), December 25, 2015
https://software.intel.com/en-us/articles/fun-with-the-arduino-101-genuino-101

IoT prototyping with LittleBits & Arduino
by mike vladimer / November 2, 2015
http://www.orangesv.com/blog/iot-prototyping-is-easier-than-you-think-with-littlebits-arduino/

IoT Prototyping With Arduino
Carl Krupitzer  |   September 24, 2015
http://www.thinglogix.com/iot-prototyping-with-arduino/

Tutorial: Prototyping a Sensor Node and IoT Gateway with Arduino and Raspberry Pi – Part 1
Interesting explanation - Sensor node - Field Gateway - Cloud gateway
10 MONTHS AGO, BY JANAKIRAM MSV
June 2015
http://thenewstack.io/tutorial-prototyping-a-sensor-node-and-iot-gateway-with-arduino-and-raspberry-pi-part-1/


OPITZ CONSULTING’s own IoT prototype to demonstrate capabilities (part 1)
https://thecattlecrew.net/2014/06/18/opitz-consultings-own-iot-prototype-to-demonstrate-capabilities-part-1/

IoT prototype – Retrospective. What did we learn? What did we miss? (part 5)
https://thecattlecrew.net/2014/06/18/iot-prototype-retrospective-what-did-we-learn-what-did-we-miss-part-5/


http://littlebits.cc/projects

https://tessel.io/

Lightwatch : An IOT prototype using XMPP and Android
Oct 2015
http://www.iot-hub.org/2015/10/lightwatch-iot-prototype-using-xmpp-and.html

Node-RED: How it simplifed my IoT project – and how YOU can rapidly prototype for the Internet of Things
Aug 2014
https://utbrudd.bouvet.no/2014/08/04/node-red-how-it-simplifed-my-iot-project-and-how-you-can-rapidly-prototype-for-the-internet-of-things/

India Events

Internet of Things, Mumbai (IoTMUM)
Learn basics of Arduino & Its application in Internet of Things..

Arduino Hands-on Workshop by YUPS Tech Solutions Pvt. Ltd. and Home Automation demo by Parth Temkar (Uses Arduino)

Arduino for IoTiets!
Sep 7, 2014 · 10:00 AM
http://www.meetup.com/IoTMUM/events/197179892/

Fortune 500 2015 Number 3

Digital Oilfield of the Future (DOFF).

Digital Oil Field Goes Global
September 2012

https://www.chevron.com/-/media/chevron/shared/documents/NextIssue5.pdf

Exxon Mobil - Digital Transformation

September 2014
Digital Oilfield of the Future (DOFF).
http://www.digitalenergyjournal.com/n/New_strategies_for_Intelligent_Energy_from_BP_ExxonMobil_and_Schlumberger/ea983769.aspx

Fortune 500 2015 Number 2

April 3rd Week - IE Knowledge Revision

15 April to 19 April 

Information Technology and the Supply Chain
e-business and the Supply Chain

Financial Accounting

Accounting: The Language of Business
Recording Transactions - Review Notes

Accrual Accounting  - Revision
Measuring Income to Assess Performance and Balance Sheet - Review Notes

Detailed Accounting Procedures

Accounting for Sales - Review Notes
Inventories and Cost of Goods Sold - Review Notes

Long-Lived Assets and Depreciation - Review Notes
Liabilities and Interest - Review Notes

Productivity and IE in Power, Distribution, and Specialty Transformer Manufacturing

ABB - Future Plans

15 Sep 2015
http://www.abb.co.in/cawp/seitp202/a0400d533bc9c9e1c1257ead004eeaed.aspx

quality value stream mapping in Transformer Plant in India
http://www.ijert.org/view-pdf/13397/improvement-of-manufacturing-production-process-using-quality-value-stream-mapping

Lean - Tansformer company - Middle EAst
http://www.ssa-solutions.com/ssablog/lean-transformation-at-a-leading-manufacturing-company-in-middle-east-a-case-study/

Lean - PhD Thesis

Improving Productivity and Quality of a Transformer Production Line by Applying Lean Manufacturing Principles

http://thescholarship.ecu.edu/bitstream/handle/10342/4950/Johnson_ecu_0600O_11459.pdf?sequence=1&isAllowed=y

An Ergonomics Intervention in a Transformer Manufacturing
Industry to Improve the Productivity
Sandip B. Wanave1
, Manish K. Bhadke2
1  Research Scholar, Mechanical Engineering Department, SVPCET, Nagpur-441108
2 Asstt. Professor, Mechanical Engineering Department, SVPCET, Nagpur-441108
International Conference on Advances in Engineering & Technology – 2014 (ICAET-2014)
http://iosrjournals.org/iosr-jmce/papers/ICAET-2014/me/volume-3/12.pdf?id=7622


Productivity increased by 500% - Siemens Jinan - KPC Consulting

KPC began consulting in 2001 and is still supporting on the continuous improvement of the entire processes. This case-study covers a period of seven years from 2001 until now in which the productivity was increased by 500%.

Essential Tasks of the Kaizen-optimization at SIEMENS Jinan:

Introduction of the pull-production system
Focus on overall productivity (instead individual / process efficiency)
Focusing on process synchronization, thereby eliminating stagnation / waiting time
Improvement of production planning logic and method. Week plan ->day -> shift -> hour -> minute at each single process
Continuous elimination of waste
Consistent 5 S activities
Division into value-added / non-value added activities
Introduction of the Doctor-/Nurse-System
Visualization of the current status of "OK" and "not OK"
Standardization of work / adjustment of standard time
Visualization of the timing of all activities
Continuous evaluation of output of each shift in entire processes
Introduction of a daily communication system at all levels, which improves the decision-making abilityContinuous employee training
TPM
TQM
Individual and overall factory layout (incl. offices)
etc.
http://www.kpc-engineering.de/en/what-our-clients-say/optimierung-der-wertschoepfungskette-bei-siemens-transformer-co-ltd/



Industrial transformers
Power and productivity for a better world

http://www05.abb.com/global/scot/scot252.nsf/veritydisplay/cd1082b8c12c113d83257984002c0786/$file/industrial_low%20res.pdf

Manufacturers

MAHSHAKTI has pioneered itself into manufacturing of Power Transformers. With in house research, design & manufacturing facilities we produce best quality Power Transformers.

System that ensures quality products and services to total satisfaction of the customer.

http://www.mahashaktienergy.com/power-transformers.html

Updated  13 April 2016, 19 Feb 2014

2015 - 2016 - Best Manufacturing Plants - Productivity Improvement

REVENUE (MILLIONS)


1 Polaris Industries Inc. Railcars, Ships, & Other Trans. Equip. $4,480 (REVENUE (MILLIONS)
http://www.assemblymag.com/articles/93065-assembly-plant-of-the-year-flexibility-shines-bright-at-polaris


2 Apple Inc. Computers & Other Electronic Products $182,795
http://panmore.com/apple-inc-operations-management-10-decisions-areas-productivity

3 Northern Tier Energy LP Petroleum & Coal Products $5,556
4 Monster Beverage Corp. Beverages $2,465
5 Deluxe Corp. Publishing & Printing $1,674

6 Western Refining Inc. Petroleum & Coal Products $15,154
7 Sanderson Farms Inc. Food $2,775

8 Hershey Co. Food $7,422

http://marketrealist.com/2015/10/hersheys-steps-improve-suppliers-productivity-conscious-sourcing/

Productivity Initiative Impacts

The program is expected to generate pretax savings of $65 million to $75 million, primarily in 2016, of which a portion will be reinvested back into the company. Hershey anticipates that enabling further investment in brand-building and global capabilities should deliver future confectionery and snacks revenue and adjusted earnings per share-diluted growth that results in increased shareholder value.

The program is expected to result in the reduction of approximately 300 jobs by the end of 2015, with estimated pre-tax charges and costs of $100 million to $120 million, or $0.29 to $0.35 per share-diluted, the majority of which are cash and will be incurred in 2015.

http://www.businesswire.com/news/home/20150619005132/en/Hershey-Updates-Leadership-Team-Announces-Productivity-Initiative


9 Sherwin-Williams Co. Chemicals $11,130
10 Toro Co. Machinery $2,173
11 Microsoft Corp. Computers & Other Electronic Products $86,833
12 NewMarket Corp. Chemicals $2,335
13 Oasis Petroleum Inc. Petroleum & Coal Products $1,390
14 Pilgrim's Pride Corp. Food $8,583
15 Westlake Chemical Corp. Chemicals $4,415
16 Qualcomm Inc. Communications Equipment $26,487
17 Packaging Corp. of America Paper $5,853
18 IDEXX Laboratories Inc. Chemicals $1,486
19 Fossil Group Inc. Apparel $3,510
20 Thor Industries Inc. Motor Vehicles $3,525
21 Mettler-Toledo International Inc. Instruments $2,486
22 Nike Inc. Apparel $27,799
23 Alon USA Partners LP Petroleum & Coal Products $6,779
24 Lear Corp. Motor Vehicle Parts $17,727
25 Donaldson Co. Inc. Machinery $2,473
26 Colgate-Palmolive Co. Chemicals $17,277
27 FMC Technologies Inc. Machinery $7,943
28 Rockwell Automation Inc. Electrical Equipment & Appliances $6,624
29 Coach Inc. Apparel $4,806
30 Gentex Corp. Motor Vehicle Parts $1,376
31 Mead Johnson Nutrition Co. Beverages $4,409
32 Altria Group Inc. Tobacco $24,522
33 Hormel Foods Corp. Food $9,316
34 IBM Corp. Computers & Other Electronic Products $92,793
35 Estee Lauder Cos. Inc. Chemicals $10,969
36 Cummins Inc. Motor Vehicle Parts $19,221
37 Oracle Corp. Computers & Other Electronic Products $38,275
38 Renewable Energy Group Inc. Petroleum & Coal Products $1,274
39 Gilead Sciences Inc. Pharmaceuticals $24,890
40 Western Digital Corp. Computers & Other Electronic Products $15,130
41 Borg Warner Inc. Motor Vehicle Parts $8,305
42 Keurig Green Mountain Inc. Food $4,708
43 Wabtec Corp. Railcars, Ships, & Other Trans. Equip. $3,044
44 Lockheed Martin Corp. Aerospace & Defense $45,600
45 Skyworks Solutions Inc. Computers & Other Electronic Products $2,292
46 Wabash National Corp. Motor Vehicles $1,863
47 Linear Technology Corp. Computers & Other Electronic Products $1,388
48 Middleby Corp. Electrical Equipment & Appliances $1,637
49 Nordson Corp. Machinery $1,704
50 Marathon Petroleum Corp. Petroleum & Coal Products $97,949




http://www.industryweek.com/industryweek-best-plants/2015-iw-best-plants-winner-lean-thinking-action-ats-corp

http://www.industryweek.com/industryweek-best-plants/meet-2015-industryweek-best-plants-award-winners-champions-manufacturing

Cutting Tools - Productivity

Cutting Tool Engineering Magazine
http://www.ctemag.com/magazine

For a representative machined part,  the cost of machinery represents 26 percent of the cost of machining a part. Overhead represents 21 percent of the unit cost of machining. Labor and raw material account for 28 and 22 percent, respectively. The cost of cutting tools accounts for 3 percent.
http://www.mmsonline.com/blog/post/imc-group-president-says-best-tool-value-comes-from-productivity



http://www.sandvik.coromant.com/en-gb/pages/default.aspx


http://www.hardmetal.ie/hm-to-be-exclusive-tool-supplier-for-mastercam-productivity-event/

April 2nd Week - IE Knowledge Revision

2nd Week

8 April to 12 April 2016

Demand Forecasting in a Supply Chain
Aggregate Planning in the Supply Chain - Review Notes

Planning Supply and Demand in the Supply Chain
Managing Economies of Scale in the Supply Chain

Managing Uncertainty in the Supply Chain: Safety Inventory
Determining Optimal Level of Product Availability

Sourcing Decisions in a Supply Chain
Transportation in the Supply Chain - Chopra and Meindl

Pricing and Revenue Management in the Supply Chain
Coordination in the Supply Chain - Review Notes

Cost Teardown Analysis

Apple iPhone SE cost only Rs 10,700 to make, reveals IHS teardown
http://www.msn.com/en-in/money/gadgets/apple-iphone-se-cost-only-rs-10700-to-make-reveals-ihs-teardown/ar-BBrqyHQ?ocid=SK2MDHP

Manufacturing Managers Questions - Topic-Wise - Industrial Engineering and Manufacturing Cost Management

# How industrial engineering concept can be integrated with product design?

# How to convince a team of people (with interest and without interest) for a change of betterment?

# Can't we run a manufacturing unit in a better way without industrial engineering support? For example, most of the small/medium scale units run without industrial engineer.

# If any product is running with minimum cost and the rejection rate as well as warranty claims are well within the target then how to progress further in value analysis/value engineering ensuring proper quality of the product.

# How to increase productivity even after reaching all the maximum target values in any production line?  Optimum cycle time/man power

# How to improve efficiency of operations?

# How to improve inventory and process lead time?

# How can we achieve best efficiency from the work force without any additional remunerations?

# What are the tools to achieve cost effectiveness even at the highest market price?

# With this versatile market demand, how to manage and maintain optimum inventory levels?

# Ways for increasing productivity

While deciding the time study, how much factor to be taken in starting?

# How to study time-motion of a process effectively?

How to reduce cost of product without cutting quality level?

While deciding the time study, how much factor to be taken in starting?

Is there any standard criteria between product cost, labour cost and manufacturing cost?

Quality Management vs Industrial engineering

Significance of allowances provided

How can JIT be applied ini mass production unit?

Process variation

Productivity Improvement

What the specific tools that can be used to increase efficiency of manufacturing operations?

How to relate motion study for a manual job?

How to increase productivity for the same machine where the cycle time remain constant.

• Significance of industrial engineering in organisations business?

• Every Industry takes a target of cost reduction in every year.  At the same time they need upgradation of quality every year.  To what extend it is logical

• Cost optimization in manufacturing process.

• Basic roles of Industrial Engineer to access a manufacturing  process.

• How Quality of a product has been taken care by Industrial Engineer.

How to minimize repetitive Human errors?

• How to you control the human behavior when it comes to making costly errors?

• What are the basics of Industrial Engineering?  How to improve the Industrial Relationship?
• The parameters to be focused for Productivity for meticulous performance?












# How manufacturing cost can be measured at each stage of production?
# What are the common/special considerations in working out manufacturing cost?
# How to calculate the manufacturing cost?

# How to calculate break even cost?

# How depreciation cost is calculated?

# Is there an ideal ratio of fixed and variable cost?

# Steps to be taken to meet the budgeted mfg. cost. even at less production volume compared to budgeted volume.

# What are different ways to control cost of product?

How to manage cost without compromising the basic standard of shop floor?

How to control manufacturing cost of a product?

• What is the benefit of Manufacturing Cost Management?

• Whether cost management talks only or cost Reduction?
----------------------------



# Understanding lean manufacturing and implementation procedure.


# Importance of outsourcing in manufacturing and control needed.


# Quality management - Comparing with competitors.

---------------------------
# Managing critical situation like one side despatch urgency - otherside quality abrasion.







# In the manufacturing sector, will the low cost automation serve long term benefit?

----------------------------

------------------------------

# What is manufacturing management and how can it help in our daily life as well as in our industry?

# Format for calculating different types of output

# Relation between demand and manufacturing department activities

# How to develop engineering skills in the operators?
-------------------



--------------------


# What are tools to utilise resources at the optimum during the lean period without hampering the employee expectations?
--------------------------------

----------------------------
# Explain inventory control in manufacturing.

# What are best practices in manufacturing?





----------------------------



----------------------------
# Cell concept of manufacturing



Up to how much level of cost cutting we can go so that our product can sustain in the market?

What is D.O.E.?





-------------------------
How to manage manufacturing where product life cycle is shrinking and market dynamics are changing?

How to manage manufacturing in global market scenario?

How to tackle new competitors entry with cost benefits?

How to manage wide product gamut and supply chain challenges?

------------------------
Role of automation

How to handle IR where process is varying?



-------------------------
What are various aspects of manufacturing management?





------------------------


Product cost control



Outsourcing - quality issues

Automation requirements - Why?


---------------------
Reduction in Operating cost

Control over Outsourcing

How to increase production, since there are fixed norms for production

How to motivate people for problem solving (improvement)?

Reduction in waste in case of random patterns

-----------------
How do you get productivity measures in maintenance field?


----------------
How to address less availability of manpower in QA functions for inspection activities?

Automation will it really lead to reduction of manpower when an organization is bound by trade unions.

In Indian industries, normally the shopfloor does not abide through 7 QC tools and sometimes ti gets impractical. How to make it effectie on the floor, apart from training.

Eximbank business excellence model or Manufacturing Business Excellence

How to estimate risk involved in any improvement implemented in shop floor through a statistical

 model?

-----------------



What are the latest best practices going on in the industy?



What impact is there for cost of quality?

Different methods of calculating cost of quality.





11.11.2014


• Frequent change of manufacturing plan – How we can accommodation.
• Conversion cost remain recharges with compare to last year though the other costs are variable.

• How to accommodate with customers’ requirement (time base samples).
• How to increase the skills throughout out operation as well as surprises.
--------------

• How is the managerial effectiveness measured?
• Leader is born or made! It made, how attribute of leadership are inculcated into the individual?
• Do amenity measures leave input on customer delist and satisfactions and hence, overall business  substance in long run.
• Inputting management or sells/marketing management or financial management or all three – plays significant role in business growth & enhancement of  bio on line when market  wide remains the same or in the force of economic     down worldwide?
----------------------------------
• How do you evaluate the effectiveness of this type of programme?
• Every industry takes a target to expand business in every year for a substantial %, How much it is realistic?
•
• In every Industry, salary of workmen get revised after every 3 years based on chartered demand.  It is very difficult for manufacturing unit those who are long time player.  How do you analyse this?
• Many Industries go for diversification on product with much having background.  How do you justify?
--------------------------------
• What are the basic role of a manager for manufacturing excellence.


• How personality related to manufacturing management.


------------------------------

• What is the best way to bring people to same skill levels?
• What is the threshold point for cost reduction?

• How to handle other department heads who are fairly new do the company and may be working towards achieving their own short term goals?
---------------------
• What is the course detail?
• What does it mean by Manufacturing Management?
• Faculty Background?
• What is the benefit of Manufacturing Management?

-----------------
• How to manage the Manufacturing Process by the person who has not been trained preciously by experience or Study or by skill?


• How the Manufacturing cost optimized for healthy competition in the Market?
• Cost or Price of a product : How these are guided by the Manufacturing Management?


-----------------


# How to manage cost without compromising the basic standard of shop floor?
-----------------
# How to manage costs during lean periods of market demand without having IR issues?
-----------------

These questions were asked in a programme conducted for manufacturing managers in 2014.
Course coordinate by dr. K.V.S.S. NRao

To be updated  7 Apr 2016
11.11.-14

Productivity Technology in Metal Cutting - 2013

Productivity Summit - 2013, 15-16 2013, Pune
http://www.imtma.in/productivitybuzz/list_solutions

SINUMERIK MDynamics - made for perfect milling

SINUMERIK MDynamics bundles the powerful CNC SINUMERIK hardware, intelligent CNC functions and a unique CAD/CAM/CNC process chain into technology packages for three-axis and five-axis milling machines − at a cost efficient package price. The SINUMERIK MDynamics 3-axis/5-axis milling packages are available for the CNC systems, SINUMERIK 840D sl and SINUMERIK 828D

‘Exact surface machining and precise contouring in the shortest machining times’ are factors that significantly affect workpiece quality and manufacturing productivity. This is exactly where SINUMERIK MDynamics steps in. The CNC system provides perfect surfaces with the new, intelligent Advanced Surface path control, an optimized NC data compressor, the ability to quickly adjust to workpieces, tool and program handling, optimum machining with the flexible programGuide and ShopMill programs, all resulting in shortest possible programming times.

All of this enabling economic machining and flawless surfaces with the SINUMERIK package − perfectly customized for any industry.

SINUMERIK MDynamics − made for perfect milling

SINUMERIK hardware and innovative functions at a cost efficient package price for 3-axis and 5-axis milling machines
Includes the new Advance Surface functions for intelligent motion guidance
Perfect workpiece surfaces with significantly reduced machining times


Electropneumatics offers Energy Saving Solution for Hydraulic Presses

Conventional hydraulic presses consume large amounts of energy. Their low efficiency results in significant energy wastage. However, today, there is an innovative energy-saving solution for hydraulic presses that can cut energy costs up to 60%. A servo hydraulic pump combined with an AC servo motor can provide this energy-saving. The internal gear servo pump provides variable volume flows with a highly dynamic response and lower energy requirements. "Simple, efficient, quiet and energy-saving"




High Performance Horizontal Machining Centers for ferrous machining

The WMW IWK 7000 machining center is a “HIGH PERFORMANCE” 4 axis machining center designed keeping in mind, intricate and complex machining of primarily ferrous components, providing high flexibility, performance and consistent accuracy, manufactured in the modern Starrag India facility. The focus is to get triple benefits of productivity, quality & up-time, thus maximizing customer’s OEE. The machine is designed with the proven know-how of STARRAG & HECKERT and with many innovative ideas, based on the 150 years of Starrag experience & constant technology up-gradation, oriented towards the reduction of the nonproductive idle and set-up times, thereby increasing the Productivity!

With Rexroth, path to improved efficiency and maximum productivity for machine tool

Bosch Rexroth , the cross technology machine tool equipment solution provider contributes greatly towards high productivity and energy efficiency with machining thus allowing conveniently design the optimal system solution by harmonizing top technologies. Rexroth automation solutions, right partner to improved efficiency and maximum productivity. Bosch Rexroth offers perfect system solution from hydraulics, electric drives and controls, linear motion and assembly technology , pneumatics. Rexroth’s Indra Motion MTX Micro and MTX family ensures highly dynamic processing , machining and reforming concepts and is an ideal tool for such applications , exceptionally affordable.

POLYGON TURNING

Most economical solution to  Production Milling Problems.  Check www.trishulmachine.com for details Check our channel http://www.youtube.com/user/trishulmac?feature=watch to view Videos

Reducing CNC machine downtime

LEANworks is a software framework that can be customized to your exact needs for unmanned collection of data from machines and reporting. It measures downtime and makes shopfl oor losses visible to the top- floor. It ensures that the latest shop fl oor production data is available to you instantly. Reporting of productivity and production data becomes system dependent rather than person dependent. LEANworks has the ability to reduce machine down time as much as 30%. LEANworks automatically generates TPM OEE and other key performance reports

Software for Reducing Cycle Time in CNC turning and milling

CAPSturn / CAPSmill reduces cycle times and programming time. It enables you to take on complex jobs confidently. First-time-right programs and 100% accurate cycle time calculations are guaranteed. Makes your business competitive and profitable. Reduce machining cycle time. Reduce programming time. Reduce first part rejection. Reduce dependence on skilled CNC programmers. Reduce time taken to respond to job quotations. Reduce risk of over or underestimating cycle times.

Quick Change of Fixtures in conventional machining / VMC / HMC

Fixtures can be changed very rapidly using the Ball Lock. Providing a fixture repeatability within +/- 13 micron and in less than a minute, the Ball Lock can be a great fixture change solutions for VMCs, HMCs, Conventional Milling, Drilling, Welding machines. Ball Lock is available in varying diameters for clamping forces ranging from 3KN to 88KN.

Part Clamping on Vertical Turning Lathe (VTL) using Staylock

VTL require rigid reliable clamping and generally employ conventional time consuming mechanical clamping or expensive hydraulic chucks. A great solution to this can be found in Staylock Clamps. They are faster and more convenient to use than mechanical clamps and cost a lot less than radial hydraulic chucks. Staylocks can be used with Quick Change disconnects to obtain a truly great solution for Part clamping on VTL.

Quick Hydraulic Part Clamping in Cylinder heads without fear of Clamping release

A solution to clamp parts without fear of loss of clamping can be found in Staylock Clamps. Available in different styles with varying clamping forces ranging from 15 to 125 KN, the staylock clamps are Mechanical Wedge clamps using hydraulic pressure for actuation. Staylocks have been successfully used in the machining of Cylinder heads. Since they do not require pressure to maintain the clamping, there is no possibility of clamping release; therefore the power source can be disconnected

Single Minute Change of Fixtures

The Ball Lock is a solution to change fixtures on VMC / HMC / Welding machines / conventional machines within few minutes and with a fixture repeatability within +/- 13 micron. The Ball Lock increases productivity with energy savings!

Speed Increaser

Many industries have machines but they want to increase the rpm of the spindle to get the right cutting speed we provide that solution from MPA italy with speed increasers

INTERNAL AND EXTERNAL ROLLER BURNISHING TO AVOID GRINDING

We can expedite the process of finishing on the CNC itself and not shift it to grinding process with SCAMI-ALVAN roller burnishing tools for both internal process and external process and also some specific special profiles

FRONT AND BACK DEBURRING IN ONE SET UP FROM HLOE SIZE 2MM

The manufacturing industry has a unique problem for chamferig and deburring the holes from front and back in one set up and we provide this solution from EZ BURR our principals in US F



To be updated  7 Apr 2016

10.11.2013

Human Work Productivity: A Global Perspective Shrawan Kumar et al 2013, Anil Mital, Arunkumar Pennathur - Book Information

Human Work Productivity: A Global Perspective
Shrawan Kumar, Anil Mital, Arunkumar Pennathur

CRC Press 2013

http://books.google.co.in/books?id=VRgbAAAAQBAJ



To be updated  7 Apr 2016

6 Nov 2014

April 1st Week - Industrial Engineering Knowledge Revision Plan

Industrial Engineering Application Areas

Core
Technical/Engineering Processes
Managerial Processes of Technical/Engineering Processes

Augmented
Business Processes
Managerial Processes of Business Processes

Production Management is managerial process of Production - A technical process

April 1st Week (1 to 5 April)

Production/Manufacturing/Operations Management continued

Material Requirements Planning - Review Notes

Operations Scheduling - Review Notes


Financial Analysis - Review Notes

Operations Technology - Review Notes

Supply Chain Management

Understanding the Supply Chain
Supply Chain Performance: Achieving Strategic Fit

Supply Chain Drivers and Obstacles - Review Notes
Designing the Distribution Network in a Supply Chain


Facility Decisions: Network Design in the Supply Chain
Network Design in an Uncertain Environment