INNOVATION REPORT - FINANCE
Prepared for: Head of Supervisory Board – Dr. Wim G. Biemans
Prepared by: Patrascu Flavia, S2567709, Satu Tähkänen S2738279, Marc Maathuis S2811219, Jasper Kats S2804654, David Möllers
S2702568
Group Number (5)
Date: 20.03.2015
Table of Contents
Introduction 3
Home appliances industry in Asia 4
Product Definition 4
Laser system 5
Heat regulator 5
Recipe function 5
Application 5
Issue 1 – Financing 6
Issue 2 – Project Selection 8
Issue 3 – Project Control 11
Issue 4 - Payment Structure and Distribution-Strategy 13
Conclusion 15
Literature 16
Appendices 17
Appendix 1: Organisational Chart – BSH Home Appliances 17
Introduction
The Bosh group was founded in
…show more content…
Additionally, it offers a recipe function via the interactive display located on the door, which is conveniently connected to the user’s smartphone through a cloud computing. This smart technology ceases the days of forgetting products in the fridge and limited immediate access to recipes. In the following part I will introduce the features of the SmartFridge in detail.
Laser system
The laser system integrated into our product is the main innovation. It enables the exact determination of which products are located inside the fridge and these are arranged clearly on the display. The laser system captures the barcode of the products in order to obtain the information needed. Thereby it also determines the expiration date. Products that are expiring soon are highlighted in order to ensure a quick consumption. Products that do not have a barcode, such as fruits, can make use of the silk sensor technology that allows the laser to capture the products as well. Finally, a manual entry of products can be made via smartphone or at the display.
Heat regulator
The heat regulator enables the constant maintenance of an adequate temperature. This prevents products located at the top section from freezing while other products at the bottom section are not kept cool. As a result, the temperature in the overall storing area of the SmartFridge
This project ‘Grocery store’ will focus on small aspect of the grocery enterprise simulating a customer buying items by selecting them on a form as if taking them from the shelves. They can then see their subtotal and tax and finish the transaction. A store employee level user can view certain reports on inventory, customer activity and personal information using data stored in the tables. Employees will also have to log in to use the system. Their information will appear in reports that managers run.
The HT Elite Rotisserie Toaster/Oven brings the consumer’s cooking enjoyment into a new high with a long list of features, an even cooking mechanism, convenient connectivity options, and a patented crystal clear touch screen interface never before seen on an appliance of this nature. The HT Elite line even has an iPod/iPhone and universal cell phone dock to allow consumers to charge their devices for those long cooking sessions allowing them to keep their mobile devices within reach. Fully integrated Wi-Fi and an advance Bluetooth connection lets our customers effortlessly connect to the HT Elite allowing them to download recipes, cooking times, watch cooking videos or movies, or even stream music through an app like Pandora, iTunes or the cloud. The Bluetooth connection also allows customers to connect wirelessly to our line of Bluetooth speakers that elegantly blend in with the looks of the HT product line or to speakers that they currently have in their automated household system. Our engineers have also come up with a patented advanced outer shell that shields the customer’s connected devices, both from heat and from interference to the Bluetooth and wireless connections making it a
Additionally, this will allow the cook to use the CoolCooker to prepare a wider variety of recipes than the standard slow cooker. The ability to prep ingredients at 6:00 a.m. before leaving for work, knowing that they will be kept safely cool until it’s time for the cook cycle to start at 3:00 p.m will allow busy working families the pleasure of coming home to a healthy home cooked meal without worrying about any food safety concerns. As a bonus, the cooker can be used in cool mode only, for serving salads on a hot day, or keeping beverages cool during a party.
An infrastructure should be created where the retailer not only supplies the fridge but has responsibility for the pick up and consequential safe disposal
not new at all, but merely a repackaged, slightly modified or tweaked product. They are vital to keeping the sales force and the customer happy; they also maintain the product line fresh and up-to-date. This is applicable to the Le Petit Chef case because Le Petit Chef had to meet with the diversity of preferences and requests in the European market that had led to the proliferation of a wide variety of microwave oven models catering to local tastes and preferences.
Also, it has a screen on the door that can display information like notes, pictures and a calendar, this could be a perfect product when they are doing grocery shopping because if they are not sure what they have in the fridge, they just look in their smartphones and look the cameras of the refrigerator. It also “offers refrigerator/freezers with flexible space that be switched between refrigerating and freezing” (Mintel,2016)
Refrigerators are used for the purpose of preserving food and allowing it to last longer. Refrigerators maintain a cooler temperature than their surroundings so that the food stored within them spoils at a slower rate than normal. The cold temperature inside refrigerators allows food to last longer because the growth and spread of the bacteria that works to decompose food is delayed. Some refrigerators have a freezer compartment which also works to slow the deterioration and decay of food, however unlike food that is stored within the refrigerator, food that is frozen in a freezer can last for a longer period of time because freezers are able to reach lower temperatures than a refrigerator.
To enhance high levels of functionality, manual overdrives have been installed in all power systems. For instance, occupancy and daylight sensors have the ability to detect the need for artificial lighting. The incorporation of variable brightness setting help ensures that the amount of light provided in the room is neither below nor exceeds the required amount. Most of the freezers are situated in a single room to reduce energy losses during cooling. Water cooled systems are used instead of air-cooling equipment as it consumes low amounts of energy.
Technology is a major success factor in the food industry and plays a major role in efforts to offer more value for the customers needs. It’s a new force in the environment that should not be reckoned with. It enhances the competitive position offering better service to the time- impoverished customer, and even those customers seeking convenience.
Before any magic of cooking can take place, we begin by collecting our ingredients. The fridge
By this I mean homeless shelters, women’s shelters, etc. because these places typically accept only non-perishable food items because safe storage is an important issue and staff would need to carefully monitor the freshness of the food. This technology could make it easier to have some perishable food items because it would allow for some perishable food items to be kept without concern for the safety of its consumption—the technology would monitor the freshness of the food so that staff did not have to. As long as some refrigeration space could be found it may be possible for shelters to keep some fresh food on hand. This could also be used at coffee places that keep dairy products out on the counters for hours on end, until the product is completely used up (for example, Treats in the University Center at MUN). I’ve noticed many people do a “sniff test” of these milk cartons to see if the product has turned sour yet. This “sniff test” that means many people will be exhaling into the milk increases the chance of the milk containing bacteria—something that could be avoided with “fresh
Scanner data, Loyalty card data, Web Shopping provide bring significant new capabilities to the customer service in the grocery industry. All of these innovations were crucial components for a modern grocery store. They unified by an information system platform which supported the daily running of the entire store. Scanner data was the fundamental of the whole system. All the products in the store will be digitalized
Peter Smith Is the Administration officer at wolf, Smith’s responsibility is to organize people and to keep
Today, it continues to build on the industry 's longest track record of providing leading edge E&P technology to develop new advancements-from reservoir to surface. Schlumberger supplies the industry 's most comprehensive range of products and services, from exploration through production and integrated pore-to-pipeline solutions for hydrocarbon recovery that optimize reservoir performance. Its key Customers includes Twenty-eight customers that are currently publicly disclosed. Schlumberger is providing services for several large multinational and foreign companies including ExxonMobil, Chevron, Shell, BP, Petroleos Mexicanos, OGX Petroleo in Brazil, and Oil India Limited. The geographical diversity of its publicly listed company shows the
For college students: Exclusivity: This microfridge is meant for individuals they own this during their study period. It helps them to get free from dependency on college mess. They need not to stick to college timings to care for food. They can have any food at any time of their own choice.