Heidelberg‚ Honeywell & Eaton Case Analysis By Ashish Srivastava Amit Gupta Harpreet Singh Boparai Deepak Khare Mohit Naman Assignment being submitted as part of the Pre Work for Management Information System EPGDIB (VSAT) 2011-2012 Executive Summary: This case is about the benefits rendered upon the manufacturing industry with the evolution of the smart products. The case highlights the shift in consumer preferences of the products and services offered by various manufacturers and
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Why should manufacturing companies build smart products and provide smart services? What business benefits can be gained? Provide several examples beyond those discussed in this case? In business‚ “Smart” means solving problems fast and efficiently. For manufacturing companies‚ decreasing the cost‚ increasing the profit and expanding the market are the benefits they can obtain. If manufacturing companies can develop smart products or smart services‚ they can gain those benefits. In the
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Smart Products and Services A smart products is an electronic device‚ generally connected to other devices or networks via different protocols such as Bluetooth‚ NFC‚ WiFi‚ 3G‚ etc.‚ that can operate to some extent interactively and autonomously. It is widely believed that these types of devices will outnumber any other forms of smart computing and communication in a very short time‚ in part‚ acting as a useful enabler for the internet things. Uses of Smart Services Minimize maintenance and repair
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Introduction Honeywell is a Multibillion dollar company‚ operating in 95 countries and is a pioneer in the field of control system and industrial appliances. With revenue over $7.3 Billion and income above $400 Million (December 1996)‚ the company was exposed to several types of risk as it operated in a global territory. Previously‚ the company had a much compartmentalised approach to risk management‚ with individual departments managing individual risks pertaining to them. For instance‚ currency
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months of summer training had been nothing short of a journey- a journey of great learning experiences. I got my first glimpse of corporate culture and also how the Human Resources department fulfils its role in an organization. My internship at Honeywell Automation India Ltd. has been possible because of many people‚ who throughout my project have been constant sources of encouragement‚ support and guidance. First of all‚ I would like to express my earnest gratitude and sincere thanks towards
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HEIDELBERG HONEYWELL‚ AND EATON: USING INFORMATION TECHNOLOGY TO BUILD SMART PRODUCTS AND SERVICES Why should manufacturing companies build smart products and provide smart services? What business benefits can they gain? Provide several examples beyond those discussed in this case. Manufacturing companies should build smart products and provides smart services are to enjoy long-term profits. It is because any industrial manufacturer that has not awakened to the fact that it must become
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A product is anything that meets the requirements of a particular market‚ this term involves a lot of dimensions because it is essential to recognize what contributes to the “total product offer”1 in order to be successful in the market or simple to keep our customers satisfy. A service is an intangible economic activity‚ not stored and does not result in ownership; Services nowadays are becoming more important and growing faster and consumers are more apprehensive with performance and satisfaction
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The Eaton Corporation is a corporation committed to implementing and advancing the technology they use throughout the companies four-business segments Automotive‚ Fluid Power‚ Electrical‚ and Truck. However Eaton isn’t solely committed to the advancement and implementation of technology in the products they design and create‚ Eaton also works to implement technology in their everyday business practices such as Production‚ Sales and Marketing‚ and Human Resources. Production is a large part of the
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Honeywell Background Honeywell Company (NYSE: HON)‚ with 2012 sales of $37.6 billion and 132‚000 employees worldwide‚ is a Fortune 100 company that invents and manufactures technologies to address some of the world’s toughest challenges linked to global macro trends such as energy efficiency‚ clean energy generation‚ safety and security‚ globalization and customer productivity. Honeywell’s ability to continually improve comes from successfully achieving two seemingly competing tasks at once
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1. Product: Our company provide a new unique product in Vietnam market that is clay flower art. Clay Flower art are handmade with air-dried clay. They are long-lasting‚ flexible and crack resistant. These clay flowers are incredible artificial flowers and with a unique elegance that others cannot achieve. Clay Flower Art is suit for a special occasion or event‚ as part of a collection at home‚ or as a special gift. The product is made from durable material that is easily looking
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