I need to be awake for at least the next 18 hours... :(
But I'm getting sleepy already...
Cold coffee for me... :|

Been dreamin of someone, for 4 nights, straight. What the ef? Ever since that day I've watched Inception, I've been dreaming of her every night... I mean, I usually have her in my dreams, but not like this. Not every night. Does this mean those dreams have to do with the film I've just watched four days ago?

Anyway, I should continue typing those frikin questionnaires... No sleep for me again. Looking forward to the 12hours+ sleep during the afternoon of the 28th; yep, that's tomorrow, after mein classes...

Coffee mode starts here. :)

Been soo busy the past week... Never had the chance to write here.

Oooh... It's the 22nd, hehe... And I don't feel like spending this night on bed...

Besides, I have lots of things to do in front of the PC... :(

Tomorrow is Inception day, at last! -.-'

Sa wakas, natapos din ang day 2 report for tomorrow (or later… nyahahaha!)

Here it is:

The Design of Goods and Services

(2^nd of 3 parts)

 

• Organizing For Product Development, four approaches:
  
  • First Approach: Traditional U.S. Approach
    
    • an organization with distinct departments: research and development department (for fact-finding/research); engineering department (to design the product); production department; etc.
      
  • Second Approach: Assigning A Product Manager
    
    • The assigned product manager is expected to "champion" the product through the product development system
      
  • Third Approach: Use of Teams
    
    • Teams are open and highly participative which is made up of people from various areas of production; such teams are known variously as product development teams, design for manufacturability teams, and value-engineering teams.
      
  • Fourth Approach: Japanese Style of Group Effort
    
    • The organization isn't subdivided into departments or teams; all the related activities are coincided within the organization
      
• Product Development Teams – teams charged with moving from market requirements for a product to achieve product success.
  
• Concurrent Engineering – the use of participating teams in design and engineering activities; it implies a team representing all affected areas
  

 

• Manufacturability and Value Engineering – activities that help improve a product's design, production, maintainability, and use. Besides to the obvious cost reduction, it produces other benefits, such as:
  
  • Reduced Complexity of the Product
    
  • Additional Standardization of Components
    
  • Improvement of Functional Aspects
    
  • Improved Job Design and Safety
    
  • Improved Maintainability of the Product
    
  • Robust Design
    

    
     

• Issues for Product Design: in addition to developing and effective system organization structure for product development, several techniques are important to the design of a product. Here are some of the methods to enhance product design:
  
  • Robust Design – this means that the product is designed so that small variations in production or assembly do not affect the product.
    
  • Modular Design – here, products are designed in easily segmented components/parts; this design offers flexibility to both production and marketing
    
  • Computer-Aided Design (CAD) – involves the use of computers to interactively design products and prepare engineering documentation
    
  • Computer-Aided Manufacturing (CAM) – involves the use of computers (information technology) to control manufacturing machinery; when CAD information is translated into instructions for CAM, the result of these two technologies is CAD/CAM
    
    • The benefits of CAD and CAM include: (1)Product Quality; (2)Shorter Design Time; (3)Product Cost Reductions; (4)Database Availability; (5)New Range of Capabilities
      
  • Virtual Reality Technology – a visual form of communication in which their images substitute for reality and typically allow the user to respond interactively.
    
  • Ethics and Environmentally Friendly Designs – sensitivity to environmental issues in product design, manufacture, and disposal (Green Manufacturing)
    
    • Goals: (1) Developing safe and more environmentally sound products; (2) Minimizing waste of raw materials and energy; (3) Reducing environmental liabilities; (4) Increasing cost-effectiveness of complying with environmental regulation; (5) Being recognized as a good corporate citizen
      
    • Guidelines: (1)Make products recyclable; (2)Use recycled materials; (3)Use less harmful ingredients; (4)Use lighter components; (5)Use less energy; (6)Use less material
      

 

• Time-Based Competition – competition based on time; rapidly developing products and moving them to market
  
• Joint Ventures – firms establishing joint ownership to pursue new products or markets
  
• Alliances – cooperative agreements that allow firms to remain independent, but that pursue strategies consistent with their individual missions
  

…that's all, for now. HahahahA! :p

OMG, may quiz daw bukas sa AIS… buti nalang sinabi ni classmate sken. :D

Suddenly had the feeling of excitement ksi magrereport uli ako bukas… Hahaha… Type ko ksi yung isa kong classmate, hahahahhah! :D

Monday down. Five days to go... :)

Arghh! Ang lamok! Puta, badtrip! (pagpasensyahan mo na ang aking pagmumura, hindi lang sa post na ito)

I hope tomorrow won't be as blazing as today... Been sweating sooo badly today on my commute home. WTF is with this so-called rainy season? Climate change my ass... They're always claiming that we're in the rainy season already. :(

That was a hell of a day... Kahapon/kanina: Saturday, July 10, 2010.

I thought I would relax after my 7pm classes: have dinner at some place I like; go home around 8:30 and drink with my brothers; sleep early.

Unfortunately, it was hell. ROFL. Cut here, cut there... Make a print-out of this and that... Tape that shit here, tape it there. Sweep the floor here, and there. These org works are gettin on my nerves. I should have started doin these stuffs years before so that these shit wouldn't be new for me, LOL. But its good my fellow JPIANs are appreciating the small things I'm doing; after all, I was doin it because I want to make it up for my shortcomings for the family. That's one thing I liked about this day. (my fine report this afternoon, the cold, canned Coors Light and Tropical Hut's Spaghetti being the other ones)

What's more shitty is that the week is just about to start. WTF. Two more days for my report... Erm, but really, that was great job on my report-DAY ONE this afternoon, LOL. My god-like presence inside the room while discussing crappy topics ought to give me some high grades for that subject this semester, LOL seriously. (god-like, wth??)

I wish I could watch The Sorcerer's Apprentice on its first screening day, which is on Thursday... Haay, sana kasi Friday na lang siya or Wednesday. Well, if not, I'll go for Friday na lang. :(
Haay dami ginagawa... I shouldn't have been here naman kasi eh, may plans na nga eh... Kaso, na extend pa, rofl. (ang tanga ko lang; you don't know what I'm talking about... haha.)

I'm really looking forward to my next weekend... :[

WTF. Reborn, hahhaha. I felt sick this past week... And now I'm doin my report for later. Good thing I dun have morning classes today.

I'm getting busy with the org stuffs today, not because that I want to but I really want to motivate other younger individuals in our org to be not like me. ROFL.

Haay... Type, type, type... My three-day report starts later.
Here's for my first day:

[Chapter 5: The Design of Goods and Services

•Product Decision – it is the selection, definition, and design of products
•Product strategy options support competitive advantage. Product decisions are fundamental to an organization’s strategy and have major implications throughout the operations function.
•Phases Product Life Cycle: (1)Introduction; (2)Growth; (3)Maturity; (4)Decline
•Product life cycles vary by length; but regardless of the length, the task for the operations manager is always the same: to design a system that helps introduce the product successfully.

• Introductory– products here a being “fine-tuned;” expenditures for research, product development, process modification, and supplier development may be needed
• Growth – here, the design begins to stabilize; effective forecasting is necessary
• Maturity – by this time, competitors are also established; it’s only a matter of innovative production so that your products will still be profitable and has a great amount of market share
• Decline – unless dying products make some unique contribution to the firm’s reputation or its product line can be sold with an unusually high contribution, their production should be terminated

• Generating New Products – Because products die, product selection, definition, and design take place on a continuing basis. Knowing how to successfully find and develop new products is a requirement.

• New Product Opportunities – one technique to generate new product ideas is brainstorming
• Brainstorming – a team technique to generate creative ideas on a new project
• Brainstorming may likely focus on and consider the following areas:

• Understanding the customer
• Economic change
• Sociological and demographic change
• Technological Change
• Political/Legal Change
• Other changes may be brought about through changes in: market practice, professional standards, suppliers, and distributors

• Product Development; An effective product strategy links product decisions with cash flow, market dynamics, product life cycle, and the organization’s capabilities.

• Quality Function Deployment (QFD) – a process for determining customer requirements (customer “wants”) and translating them into attributes (the “how’s”) that each functional area can understand and act on.

• House of Quality – a part of the quality function deployment process that utilizes a planning matrix to relate customer “wants” to “how” the firm is going to meet those “wants.” To build the house of quality, these seven basic steps are performed:

1. Identify customer wants
2. Identify how the good/service will satisfy their wants
3. Relate customer wants to product how’s
4. Identify the relationships between the firm’s how’s
5. Develop importance ratings
6. Evaluate competing products
7. Determine the desirable technical attributes, your performance, and the competitor’s performance against these attributes]

Good thing it's Saturday! :D

Hmmm... Next week is accountancy week, a very hectic week for our org (*make that Accountancy Weak), also, The Sorcerer's Apprentice will be opening in the cinemas next week, nice. :D

Next, next week is The Last Airbender.

Next, next, next week: Angelina Jolie's Salt. :)

These movies got lined up, wtf? I thought I'm gonna cut it short? haha. Well, its been 2 weeks since my last movie trip, and preliminary exams are just kickin in, so there's still time to relax... haha. xD

RIP

Just finished my homework for tomorrow; erm... for later.

And it should be handwritten, WTF.

BTW, here's the draft: (since these shit are in my thoughts too)

The Enron Scandal Facts:

Exposed in October of 2001, with assets of $63.4 billion, it ultimately led to the largest corporate bankruptcy in U.S. history at that time, if not one of the largest.

Facts:

Enron Corporation, founded on 1985, was an American energy company. Before its demise in late 2001, Enron has employed around 22,000. It was one of the world's leading electricity, natural gas, communications and pulp paper companies. Fortune (a global business magazine published by Time Inc) named Enron "America's Most Innovative Company" for six consecutive years.

It was formed by Kenneth Lay after merging Houston Natural Gas and InterNorth. Years later, Jeffrey Skilling was hired and he developed a staff of executives that were able to hide billions in debt from failed deals and project through the use of accounting loopholes and poor financial reporting.

As a result, on the face of Enron's financial statements, the revenues are inflated, assets are over-valued, and the liabilities are understated. With these, many investors are attracted to put money on the company. This made Enron's stock price to hit a high of $90 per share in mid 2000, before the accounting scandals were exposed.

By the end of November 2001, Enron's stock prices sunk to less than $1, which caused shareholders to lose nearly $11 billion. As a result, the United States Securities and Exchange Commission (SEC) began a thorough check and examination.

Financial statements, which reflect the financial performance of a corporation, should be transparent and unbiased so that prospective investors and other users of it would have the sufficient knowledge about the entity. External auditors should be strictly independent of its client. In Enron’s case, the financial reports were misleading. The next section will highlight on the irregularities on their accounting procedures.

Issues:

Revenue Recognition: Basic Accounting taught us that revenue can only be recognized when they are: (1) realized, and at the same time (2) are earned (usually when goods are transferred/services rendered regardless of when the money/payment are received). In Enron’s case, revenues are always recognized in full value when their agents are closing a deal in a trading operation, disregarding the risks on long-term contracts. This resulted to the large discrepancies in matching profits to actual cash earned.

Use of Special Purpose Entities: Enron used SPE’s to protect itself from financial risks associated to its assets. In reality, SPE’s can be typically used by any company to isolate itself from financial risks. By 2001, Enron has used hundreds of these to hide its liabilities.

Financial Audit: Enron’s auditor firm was Arthur Andersen, which faced demise thereafter the scandal was exposed. Arthur Andersen was accused of applying careless standards in their audit procedures because of a conflict of interest over the huge consulting fees given by Enron.

haha... Gotta go! I have 4 more hours to sleep. ^.^

My nose runs, my head aches. WTF?

Noses are not made to run. Feet are made to run. Same goes with smelly feet, LOL. (excuse me, I dun have stinky feet; kuya has... ROFL) Well, there are lots of ironies in life.

Yesterday, I caught the rain. Good thing it wasn't the heavy one. You see, ironies exist in every little thing in life: Since day one in this semester I've been bringin' my umbrella on schooldays. It was just yesterday that I've left it accidentally because I've changed my school bag. Then it rained while I was on my commute from school. WTF.

Today's a "petiks" day; and my good friend neighbor plans to have a drink on their house later this evening, a good way to end my week. :))