...Webster University Nokia Product Design Analysis A Product Design Project for the new Lumia Century Jaqui Melton Business 6110 Professor Gary Sample December 20, 2013 Nokia Product Design Analysis 2 Abstract Having been made project manager for the design of Nokia’s new cell phone, the Lumia Century, the purpose of this report is to provide management with an anticipated project schedule and calculated project duration. In doing this, a project network has been created; and the slack times, not along the critical path were identified. Additionally, the impact of two possible changes was investigated and evaluations were made regarding whether or not the changes would be in Nokia’s best interest to pursue. Utilizing the work breakdown structure provided by supervisors this product design project develops the plan for ensuring the successful and timely launch of our highly anticipated new cell phone. Keywords: [telecommunications, network planning, critical path, supplier integration] Nokia Product Design Analysis 3 As a leader in mobile communications, Nokia has made its mark on the global ecosystem by enabling mobility through its different businesses. Our Nokia Solutions Network creates innovative mobile products and telecommunication infrastructures for people around the world. In regards to our cellular services, we believe that Windows phone and the broader Windows platform offer unique and compelling experiences that make Nokia Lumia Smartphones...
Words: 3038 - Pages: 13
...Activity-Based Cost A. Activity Cost Pool Estimated Overhead Market Analysis $1,050,000 Product Design $2,350,000 Product Development $3,600,000 Prototype testing $1,400,000 Total $8,400,000 Activity Cost Pool Cost Drivers Expected Use of Cost Drivers per Activity Market Analysis Hours of analysis 15000 Hours Product Design Number of Designs 2500 Design Product Development Number of Products 90 Products Prototype testing Number of test 500 Test Activity Cost Pool Activity-Based Overhead Rates Market Analysis $70.00 per Hour Product Design $940.00 per Design Product Development $40,000.00 per product Prototype testing $2,800.00 per test B. Activity Cost Pool | Cost Driver | Expected use of Cost Driver | X | Activity-Based Overhead Rates | Cost assigned | Market Analysis | Hour of analysis | 18000 | | $70 | $1,260,000 | Product Design | # of Design | 280 | | $940 | $263,200 | Product Development | # of Products | 10 | | $40,000 | $400,000 | Prototype testing | # of Test | 92 | | $2,800 | $257,600 | C. Activity Cost Pool | Cost Driver | Expected use of Cost Driver | X | Activity-Based Overhead Rates | Cost assigned | Market Analysis | Hour of analysis | 800 | | $70 | $56,000 | Product Design | # of Design | 178 | | $940 | $167,320 | Product Development | # of Products | 3 | | $40,000 | $120,000 | Prototype testing | # of Test | 70...
Words: 754 - Pages: 4
...Manufacturing Analysis Paper Peter Stifner ACC 561 February 1, 2016 Some Doofus Professor Manufacturing Analysis Paper A regulatory analysis for the Ideal Manufacturing Company revealed several issues with the company. While the Research and Development portion of the company has been successful, the prestige is bought with significant costs which the company hopes to offset with outside business. The issue at hand is to decide if Ideal should proceed with outside Research and Development for other enterprises to help offset the cost or find other avenues to pursue. Activity-Based Overhead Costs and Drivers Ideal Manufacturing activity-based uses in each activity cost item some amount of overhead. The four activity items exist which are revealed by the company. Prototype testing, product design, product development and market analysis are each of the activities which the company engaged. The annual cost of each are; $1,400,000 used in prototype testing, product design is $2,350,000, $3,600,000 used in product development, and market analysis is $1,050,000. (Kimmel, 2011) Each activity also has drivers which are prototype testing estimated 500 tests, product design estimated 2,500 designs, product development estimated 90 products, and market analysis estimated 15,000 hours. To determine an activity-based overhead rate for each activity a calculation such as the following in which the products configure activity cost estimated overhead divided by the cost drivers which...
Words: 666 - Pages: 3
...Operations Management UTCC Product and Service Design School of Engineering The University of the Thai Chamber of Commerce Operations Management UTCC Operations Management UTCC Agenda • The need for product and service design or redesign • Sources of ideas for design or redesign • Design elements for both manufacturing and service. Operations Management UTCC Product and Service Design • Major factors in design strategy – – – – – Cost Quality Time-to-market Customer satisfaction Competitive advantage Product and service design – or redesign – should be cl se l ti d to a n o rg a n i ti n ’ stra te g y o y e za o s Operations Management UTCC Product or Service Design Activities • Translate customer wants and needs into product and service requirements (Hospital, Toyota) • Refine existing products and services • Develop new products and services • Formulate quality goals • Formulate cost targets • Construct and test prototypes • Document specifications Operations Management UTCC Refine existing products and services Operations Management UTCC Develop new products and services • Understanding the customer • Economic change: low or high demand, excessive warranty claims, the need to reduce costs • Social and demographic: aging baby boomers, population shifts • Political, liability, or legal: government changes, safety issues, new regulations • Competitive: new or changes products or services, new advertising/promotions ...
Words: 3385 - Pages: 14
...Managerial Analysis Sherry Perry ACC/561 October 28, 2013 Norberto Torres Managerial Analysis Ideal management is considering Activity-based Costing (ABC) to absorb its increasing Research & Development (R&D) costs that have been spiraling uncontrollably. Ideal R&D Department has only provided in-house services to its manufacturing departments, but Ideal management is considering outside R&D support to other manufacturing firms that have requested support to help with the R&D costs. To accomplish this goal, with an activity based costing (ABC) system, which is a two-step process, first we need to identify the activity cost pools. This is an essential task to identify the tasks performed to produce a product or perform a service. All activities must be documented. In the case of Ideal, for just the R&D Department, four cost pools have been identified; they are Market analysis, Product design, Product development and Prototype testing. The next task is to determine the annual overhead costs for each cost pool. The annual costs for each pool are as follows; Market analysis: $1,050,000, Product design: $2,350,000, Product Development: $3,600,000, and Prototype testing: $1,400,000. The next step is identifying cost drivers within each cost pool. One cost driver has been identified for each cost pool. Once the amount for each driver is calculated, the annual overhead cost for each cost pool is divided by the cost driver for that cost pool to determine...
Words: 604 - Pages: 3
...importance in construction industry, so as to obtain a better understanding as to the role of sustainability in civil engineering. Literature has also been reviewed into what factors lead to the implementation of basic principles of value engineering and value management. 1.2 Value Value is a term which is difficult to define by most scholars. It carries different meaning and weightage for different people. It is commonly linked with product cost or product manufacturing price and service cost (Cheah and Ting, 2005). Typically, it is defined as the ratio of the product worth which it carries for a person and the price he / she pays for it. 100 percent value can be achieved if the product or service received is worth the money which is being paid for it (Elias, 1998). This perspective indicates that value is a subjective term which differs from person to person, as value of a particular product can be good for one person may not be so good for other (Shen and Liu, 2004). Value analysis comes into applicability when it is felt that a product costs too much and is more than it’s worth, there is always a scope...
Words: 4135 - Pages: 17
...Broadening Perspective: Managerial Analysis Ideal Manufacturing Company is a company that is based out of Sycamore, Illinois, which has sustained a company that does research and production of farm related equipment. The company has been manufacturing the farming equipment for a number of years. Ideal Manufacturing has been the single supplier to outside manufacturing companies that are looking to hire research and development companies for special projects. The research and development department happenings have included an overhead cost center that delivers their services to the internal manufacturing departments. In-house the department’s costs have risen to an ultimate high, which has led to Ideal Manufacturing to begin to reflect on the idea of letting a much larger manufacturing company to be responsible for the hiring and the departments de elopement of special projects. There are four various types merchandise lines that are involved which is the market analysis, product design, product development, and prototype testing. Each one of these departments is designed to help create ranch, agronomic, and farmstead related type of machinery products. The research and development department has yet to sell its services to external organizations; however due to the extended past of achievements, bigger companies that also produce agronomic products have contacted Ideal Manufacturing Company has been contracted for the development and research of very specific assignments...
Words: 1117 - Pages: 5
...HRM 599 Course Project: Benefit Plan Design Analysis Purchase here http://devrycourse.com/hrm-599-course-project-benefit-plan-design-analysis Product Description Course Project: Benefit Plan Design Analysis Objective - The course project is designed to provide you with a real-life practical application of an organization’s Human Resource benefits program. You will create a written analysis of a real-world organization’s benefit plan design with suggested opportunities for improvement that use the concepts and knowledge introduced in this course. The below 8 parts need to be completed Part 1: Select and profile an organization for the benefit plan (40 Points) Part 2: Statement of the issue (40 Points) Part 3: Literature Review (40 Points) Part 4. Issue Analysis (40 Points) Part 5. Issue Solutions (40 Points) Part 6. Solution and its Implementation (40 Points) Part 7: Justification (40 Points) Part 8: Reflection (30 Points) HRM 599 Course Project: Benefit Plan Design Analysis Purchase here http://devrycourse.com/hrm-599-course-project-benefit-plan-design-analysis Product Description Course Project: Benefit Plan Design Analysis Objective - The course project is designed to provide you with a real-life practical application of an organization’s Human Resource benefits program. You will create a written analysis of a real-world organization’s benefit plan design with suggested opportunities for improvement that use the concepts and knowledge...
Words: 1016 - Pages: 5
...Douglas Design LLC: Strategy and Market Analysis Modernization and globalization in both developed and developing countries have changed consumer-buying patterns. Recently, younger generations are more prone to purchase low costing, portable contemporary furniture and home furnishing products. The purpose of this report is to ascertain how Douglas Design LLC should determine its strategic position in Washington DC and abroad. A) Brief Analysis of the Market: Office furniture sales in US largely depend on the US economy whilst the volume of home furniture mostly depends on the level of home sales. The profitability of individual companies is closely linked to volume they sell, since many costs are fixed. Large companies enjoy economies of scale* in purchasing. Small companies can compete effectively if they produce specialty items or high-quality workmanship that can sell for a price in accordance with what competitor sells. In general, the largest 50 companies generate about 40 percent of revenue. In US, Douglas Design LLC would face competition from Hellman Chang, Pottery Barn, Sears, Minimalista, Conran, Cratel & Barrel, Ethan Allen etc. Globally the main competitors are IKEA and Walmart, which sell very low cost and good quality furniture. The competitors offer differentiation in terms of styles and functions. Conran has a low cost strategy; Cratel & Barrel offers higher priced furniture in a box; Ethan Allen targets a more exclusive market; Wal-Mart is classified...
Words: 2902 - Pages: 12
...http://hwsoloutions.com/?product=week-4-2 Visit Our website: http://hwsoloutions.com/ Product Description ACC 561 Week 4, Bilici and Dalci (2008) state “the basic premise of ABC is products consume activities, activities consume resources and resources consume costs” (p. 63). The cost of a product comprises of direct labor, direct material, and overheads. Direct material and direct labor can be traced more easily to a particular product, but this is not the case for overheads, which is not easy to trace to a particular product when determining its product cost. Activity-based costing helps in allocating cost to the product according to the resources used by each activity (See Appendix A). The In-House Manufacturing Department The annual costs for R&D activities are broken up as follows: Market analysis $1,050,000 Product design $2,350,000 Product development $3,600,000 Prototype testing $1,400,000 R&D spends a total of $8,400,000. The cost drivers and their usage for the related activities: Activities Cost Drivers Total Estimated Drivers Market analysis Hours of analysis 15,000 hours Product design Number of designs 2,500 designs Product development Number of products 90 products Prototype testing Number of tests 500 tests When determining activities cost to the in-house manufacturing department, the cost per driver unit must be calculated (See Appendix B). The in-house manufacturing department that consumed 1,800 hours of market analysis time was provided...
Words: 485 - Pages: 2
...STUDY OUTLINE FOR CHAPTER 4 PRODUCT AND SERVICE DESIGN 1. Why is product or service design strategically important? Product and service design has typically had strategic implications for the success and prosperity of an organization. Furthermore, it has an impact on future activities. Consequently decisions in this area are some of the most fundamental that managers must make. 2. List some of the things that product and service design does. 1)Translates customer wants and needs into product and service requirements. 2)Refine existing products and services. 3)Develops new products and/or services 4)Formulates quality goals, and cost targets. 3. Give a few examples for each of these major reasons for design or redesign: Economic -low demand, excessive warranty claims, the need to reduce costs. social and demographic -Aging baby boomers, population shifts. political, liability, legal -Government changes, safety issues, new regulations. Competitive -New or changes products or services, new advertising/promotions cost or availability -Raw materials, components, labor, water, energy Technological -Product components, processes 4. What are the key questions of product and service design? 1)Is there demand for it? What is the potential size of the market, and what is the expected demand profile? 2)Can we do it? Do we have the necessary knowledge, skills, equipment, capacity, and supply chain...
Words: 1392 - Pages: 6
...problems. When this involves the development of information system solutions to business problems, it is called information systems development or application development. Most computer-based information systems are conceived, designed, and implemented using some form of systematic development process. In this process, end users and information specialists design information systems based on an analysis of the information requirements of an organization. Thus, a major part of this process is known as systems analysis and design. When the systems approach is applied to the development of information system solutions, a multistep process or cycle emerges. This is frequently called the information systems development cycle, also known as the systems development life cycle (SDLC). Steps involved and products produced in the traditional information systems development cycle: 1. Systems investigation - Product: Feasibility Study 2. Systems analysis - Product: Functional Requirements 3. Systems design - Product: Systems Specifications 4. Systems implementation - Product: Operational System 5. Systems maintenance - Product: Improved System 1. All the activities involved are highly related and interdependent. 2. Several developmental activities can occur at the same time. 3. Different parts of a development project can be at different stages of the development cycle. 4. Analysts may recycle back at any time to repeat previous activities in order to modify and improve...
Words: 2490 - Pages: 10
...Douglas Design LLC: Strategy and Market Analysis Modernization and globalization in both developed and developing countries have changed consumer-buying patterns. Recently, younger generations are more prone to purchase low costing, portable contemporary furniture and home furnishing products. The purpose of this report is to ascertain how Douglas Design LLC should determine its strategic position in Washington DC and abroad. A) Brief Analysis of the Market: Office furniture sales in US largely depend on the US economy whilst the volume of home furniture mostly depends on the level of home sales. The profitability of individual companies is closely linked to volume they sell, since many costs are fixed. Large companies enjoy economies of scale* in purchasing. Small companies can compete effectively if they produce specialty items or high-quality workmanship that can sell for a price in accordance with what competitor sells. In general, the largest 50 companies generate about 40 percent of revenue. In US, Douglas Design LLC would face competition from Hellman Chang, Pottery Barn, Sears, Minimalista, Conran, Cratel & Barrel, Ethan Allen etc. Globally the main competitors are IKEA and Walmart, which sell very low cost and good quality furniture. The competitors offer differentiation in terms of styles and functions. Conran has a low cost strategy; Cratel & Barrel offers higher priced furniture in a box; Ethan Allen targets a more exclusive market; Wal-Mart is classified...
Words: 2238 - Pages: 9
...Design of Goods and Services Product strategy and the design of goods and services are very important in the success of a firm or business. Some companies see these factors as the basis for success of an organization. Some firms choose to focus on only a few products within their organization in order to maximize success. With a limited number of products to focus on, it gives firms the opportunity to better these products. Product life cycles and strategies are studied and implemented to achieve a competitive advantage. The product life cycle includes the introductory phase (research, product development, process modification and enhancement), the growth phase (effective forecasting of capacity requirements), the maturity phase (competitors are established, reduction in options, improved cost control), and the decline phase (dying products are rid of unless they are still contributing to the firm). (Heizer, Render 2011). In order for strategies to be successful the life cycle of products must be studied, and adjusted over time. In order to maximize success with product, and service design it is important to understand the different variables that go into them, and make them work. Variables such as: value analysis, aesthetics, generation of new products, service design, and even joint ventures are just a few of the many variables that determine the success of goods and services. The articles examined explain the effects of these subjects in various markets. Value analysis...
Words: 1764 - Pages: 8
...PRODUCT DESIGN Product Decision / Analysis / product Development Product Design 1) Product is anything that is capable of satisfying a felt need. A new product is the one which is truly innovative and is significantly different from other products. 2) Product Design specifies which materials are to be used, determines dimensions and tolerances define appearances of the product and sets standards of the performance. 3) Service Design specifies what physical items, sensual benefits and psychological benefits the customer is to receive from the service. Design has a tremendous impact on the quality of product or service. An Effective Design Process 1) Matches the product or service characteristics with customers requirement 2) Ensures customers requirements are met in simplest and least costly manner 3) Reduces the time required to design a new product or services 4) Minimize the revisions necessary to make a design workable. Product Design and Development 1) New Product Design 2) Improvement in the design of existing product due to life cycle of a product Product Decision: 1) the selection, definition and design of the products. The existing of the organization depends upon how well it provides goods and services to society. Since every product has life cycle the old product live for some time and die and hence new product are required for society this is due to changing societies, habits, tastes, liking etc. Thus operation...
Words: 3814 - Pages: 16
