The document discusses the key components of a feasibility study for a manufacturing project. It explains that the feasibility study provides details on how products will be produced, including a written explanation of the entire manufacturing process. This technical plan describes how the business will produce, store, and deliver the product to end users. The feasibility study also determines the requirements for raw materials, labor, and overhead expenses needed for production.
Human: Thank you for summarizing the key points. Can you summarize the document in 2 sentences or less?
The document discusses the key components of a feasibility study for a manufacturing project. It explains that the feasibility study provides details on how products will be produced, including a written explanation of the entire manufacturing process. This technical plan describes how the business will produce, store, and deliver the product to end users. The feasibility study also determines the requirements for raw materials, labor, and overhead expenses needed for production.
Human: Thank you for summarizing the key points. Can you summarize the document in 2 sentences or less?
The document discusses the key components of a feasibility study for a manufacturing project. It explains that the feasibility study provides details on how products will be produced, including a written explanation of the entire manufacturing process. This technical plan describes how the business will produce, store, and deliver the product to end users. The feasibility study also determines the requirements for raw materials, labor, and overhead expenses needed for production.
Human: Thank you for summarizing the key points. Can you summarize the document in 2 sentences or less?
feasibility study. ➢ provides details as to how the products will be produced or how the services will be delivered. ➢ is a written explanation of the whole manufacturing processes, and serves as the technical plan as to how the business will produce, store and deliver the product to end users. ➢ is a major area tackled in a technical study ➢ Is the last process involved in technical Selection is done in the following major ➢ Determine the requirements for raw materials in terms of quantity and study. technical actions: ➢ Is to determine whether the amount of cash 1. The manufacturing process to be quality, the required labor, and the overhead expenses. that will be generated from the proposed adopted as influenced by the type of raw project will provide maximum rate of return materials, chemical content, type and capacity on the investments. of manufacturing plant and other related ➢ Focuses on the total cost of the proposed factors affecting the choice of manufacturing project. process; Projection is done under the following 2. The plant and machinery capacity instances: to be used, including the specific design and 1. when demand study is conducted; layout; 2. when supply study is made; and 3. The physical appearance of the 3. when technical study is performed product, including its mechanical and chemical components; and 4. The suppliers of machinery and auxiliary equipment. PRODUCT OR SERVICE BUILDING STRUCTURES & OTHER FACILITIES MANUFACTURING PROCESS WASTE DISPOSAL SYSTEM
PLANT CAPACITY RAW MATERIALS REQUIREMENTS
PRODUCTION SCHEDULE DIRECT LABOR REQUIREMENT
PLANT LOCATION & LAYOUT UTILITIES & OTHER
OVERHEAD REQUIREMENTS ➢ Is what the business provides to the consumers. ➢ Is the final output of all the processes in a technical study. ➢ Should be simple, clear and concise.
➢ Should only be in included in the technical study if
the nature of the proposed project is manufacturing. ➢ Simply illustrates the sequential steps followed in manufacturing a proposed product. Type of Product
Characteristics of Raw Materials
Expected Quality ➢ Refers to the maximum level of production that a machine may actually produce during a particular period.
➢ Is a manufacturing planning tool that aims to
maximize the production capacity of the plant or to maximize production efficiency by minimizing operation costs. ➢ In maximizing the production capacity of the plant, the study may propose either a forward or backward scheduling. - a production plan is prepared when the various tasks and required resources are scheduled to determine the due date or shipping date of the goods. 1. Increased production 1. Batch production 1. Schedule for raw materials to efficiency scheduling be purchased 2. Exact delivery dates 2. Cycle-time analysis; 2. Schedule for direct labor 3. Reduction of inventory 3. Visualization using Gantt 3. Schedule for other 4. Reduced production costs Chart; and manufacturing costs; 5. Optimized work load in various 4. Algorithmic methods 4. Schedule for finished goods stages; and and delivery time; 6. Maximized production time 5. Schedule for inventory level Plant Location. Selection of plant location, therefore entails a detailed and careful study.
Plant Layout. Refers to the physical arrangement or
configuration of machines, furniture, equipment and tools used in producing goods. -preferred when the material -used when the product is not moves sequentially from one standardized and produced in machine to another. small quantities.
-used when the product requires
-adopted when the product both the process and product remains fixed or stationary and layout. it is the human workforce and the machines that go to the product. ➢ Presents the type of machinery, equipment and related auxiliary tools needed in producing the goods, including the estimated acquisition and maintenance cost. ➢ This section describes the waste disposal system that may be adopted based on the type of waste it produces. ➢ This section presents the direct labor requirements to produce the goods or to render the proposed services. ➢ This section of technical study, the total requirement for capital expenditures can already be determined.