ME Discussion 3 Essay Example | Topics and Well Written Essays - 250 words

ME Discussion 3 - Essay Example Due to increase in price of crude oil which is the key element for inks manufacturing and technological advancements, the revenue of organizations has been severely impacted (Jailing, 2011). Considering the developments taking place at an accelerating rate worldwide in ink industry, the prices of these products will increase which will affect the demand of this product. For the company being reviewed, firm’s elasticity of demand for this product is elastic as increase in price will affect the demand of ink in digital printing industry. There is high demand of inks that are suitable for high value digital industry along with energy cured inks. The market for this ink comprises of packaging and commercial printing and publishing companies. In future i.e. next five years, it is expected that demand of sleek magazines and catalog will increase which will mean that there will be increase demand of ink systems that are energy curable along with usage of equipments for printing presses that are fast and automated. Two types of inks are gaining popularity i.e. water-based inks and vegetable oil based inks to support production of environmental friendly products so that ecological pollution can be minimized. It is expected that demand of digital inks will increase by 3.7% in next five years i.e. 2017 (Electronics Industry, 2012). The increase in demand is expected because of increasing requirement of technology that has in screen-printing feature, establishment of departments responsible for internal graphics that facilitate professional level of quality, computer usage will get tripled in future and in-house printing needs are being required both small and large scale companies. The digital inks segment will see acceleratin g growth in future because of exponential expansion of inkjet printing (Electronics Industry, 2012). Electronics Industry (2012, January 10). Global

Bill of Material Essay Example | Topics and Well Written Essays - 250 words

Bill of Material - Essay Example and SAP Inc. designs the BOM for many enterprises depending on the nature and ERP needs of the enterprise in question. The technology companies have to make the BOM application user-friendly so that the management may find ease and efficiency when using it. BOM is a merely a list of the components required to build a product by detailing and providing the manufacturers part number and the amount of quantity need for a particular component. For example, Microsoft deals with production of computer hardware, which typically consists of different parts. The company, therefore, uses the BOM track the components needed to complete a single computer hardware. That enables the company to track the production cost per unit head. Similarly, SAP is a computer technology and hardware company that assembles computer hardware parts to supply to their clients. Consequently, SAP uses the BOM track the cost of particular parts needed for completion of a single product design. Additionally, SAP management can use the information generated to manage its stock and plan for deliveries from suppliers in time. The policies concerning stock control effectiveness is easily monitored through BOM In general, BOM benefits Microsoft Dynamics and Systems, Applications and Products (SAP) in many ways. Some of the benefits include; facilitating and the location of items. Hence, it saves time spent. Additionally, the software identifies the changes that materials have undergone with respect to a particular time. The rules that govern the use materials can be useful using BOM. Lastly, BOM software, gives reports of the full audit of the material usage, all the approvals made during requisition of materials and all the costing involved (Hua & He, 2010). He, P., & Xu, X. (2009). Improving process flexibility through products assignment with bill of material constraints.  Robotics And Computer-Integrated Manufacturing,  25(3), 582-588.