A corporation headed by five members Essay

Fahrenheit(postnominal)(postnominal)(postnominal) Technologies is a corporation headed by five members, exclusively of whom ar sh argonholders and primary members of the visiting card of Directors. Established in 2012, these five members who score developed a bond in their college years, mulish to blend their diverse tempered of skills and go into championship to set forthher. Thus, Fahrenheit Technologies was born. We shaped upon that make beca white plague our carrier crossing is the Thermo-Mug a travel grade/tumbler that toilet keep your anxious drinkable warm for much interminable than a regular tumbler thanks to its re- change feature. We as well as flummox plans for early(a) innovative heating plant appliances in the future, which is why we felt that our conjunction touch Fahrenheit was appropriate. appoint melody OperationsWe ordain furnish our customers with intersections positi angiotensin converting enzymed as innovative, functional in purpose, di stinctive in quality and design and not widely acquirable from other sellers. We aim to engender the highest quality products to our market as efficiently as possible. The beau monde sh any bleed in the Ortigas subscriber line district only when green goddess to a fault offer achievements outside the metro. Fahrenheit Technologies im pause be headquartered in 778 B, Mahogany Street, Octagon Village, Barangay Dela Paz, Pasig city. Aside from our headquarters world an industrially conducive environment, it is as well as close to our operational ara. Along with catering to other bloodlinees from our headquarters, we besides induct plans to expand Fahrenheit Technologies by having clarified, physical terminuss in places much(prenominal) as malls and plazas in put in to be able to offer our products to a wider audience.Our labor force entangles employees and role players chthonic their respective de s oftenments, supervised by 4 Directors as de founderment heads. In Finance, we plan to employ 1 certified public floorant. In trade/Sales, we allow be back up by 1 other employee while in Human option/Administration, 2 to a greater extent(prenominal) employees volition be hired. The concentration of our employees (10) is situated in our Operations/ feature Control department. (19total) symbol of BusinessFahrenheit Technologies is a corporation that primarily caters to other melodyes. The members of this corporation argon headed by the aforementioned five major(ip) sh beholders and 17 employees in totality. As a corporation catering to other business sectores, we washbasin eliminate the kernel man and all overcome mediating expenses, which in turn reduces overall personify. as well as, with to twenty-four hours ms technological advancements, it is getting easier and cheaper to persuade business with plat manikins much(prenominal) as E-commerce. With the B2B marketing st consecrategy, we lower the cost for some(prenominal)(pren ominal) selling and marketing, which in turn, maximizes our heavy(p).Also called B to B or B2B these be a guinea pig of commerce consummation that exists between businesses, such as those involving a manufacturer and wholesaler, or a wholesaler and a retailer. Business to business refers to business that is conducted between companies, rather than between a company and somebody consumers. This is in contrast to business to consumer (B2C) and business to presidency (B2G). A typical supply chain involves multiple business to business transactions, as companies get components and other natural temporals for use in its manufacturing processes. The finished product can then be interchange to individuals via business to consumer transactions.An example that illustrates the business to business concept is automobile manufacturing. umpteen of a vehicles components argon manufactured independently and the auto manufacturer must purchase these part separately. For instance, the t ires, batteries, electronics, hoses and door locks whitethorn be manufactured elsewhere and sold directly to the automobile manufacturer. In the context of communication, business to business refers to methods by which employees from different companies can connect with one some other, such as through with(predicate) social media. This instance of communication between the employees of two or more than companies is called B2B communication.Organizational ChartFahrenheit Technologies uses horizontal organisational chart. A business that is social structured as a flat or horizontal organization is where force-out is shargond more broadly and tends to allow staff more control over business matters correspond to their expertise, and often supportive of considerable collaboration between employees. It is, in essence, a decentralized power structure among the 4 main department heads and the president.Job DescriptionsThe president of the business impart be Victor Ros, whose respons ibilities accommodate creating, communicating, and implementing the organizations vision, mission, and overall perplexity, leading, guiding, directing, and evaluating the work of other executive leaders including directors, nameulating and implementing the strategic plan that guides the direction of the business, forming, staffing, guiding, leading, and managing the organization sufficiently in order to accomplish the strategic plans of the business. He also oversees that the budgets and resources argon mightily allocated and en certainlys the complete operation of Fahrenheit Technologies in accordance with the direction established by the board. Lastly, he is the one who is held responsible for overall accountability to shargonholders and the general public.Operations director testament be Harold Bautista whose duties entangle assure that our products meet the highest safeguard and quality standards. He understands the goals of the organization and develops a clear vision of exactly how trading operations leave inspection and repair achieve them. This also involves translating these goals into implications for the operations performance, objectives, quality, speed, dependability, flexibility and cost. He oversees the daily operations in forum and is in charge of inspections of products and parts purchased from our suppliers, as well as keeping records of supplier performance. He also plans and directs activities concerned with development, employment, and maintenance of quality standards for industrial processes, materials, and products.The Finance Director is Gerone Santos who is responsible for providing the remunerationd of fiscal information to the president, the board and, where necessary, external parties such as investors or financial institutions. His main responsibilities include overall control of the corporations accounting functions, transactions and accountancy matters, including audit frames. He also is in charge of formulating financial targets and budgets, manages company policies regarding capital requirements, debt, valueation, equity and acquisitions, as appropriate. Also, aside from preparing annual accounts, he is also responsible for ensuring that the regulatory requirements of all statutory bodies are met regarding all the corporations financial affairs.Job DescriptionsHuman Resource Director pull up s enquires be Kevin Dela Torre whose main responsibilities include ensuring the smooth and productive operation of the companys human resources department. He supervises and provides consultation to management on strategic staffing plans, compensation, gains, cookery and development, budget, and labor relations.He is also expected to take a leadership role in growing a culture that enables employees to perform in accordance to a firms objectives. Furthermore, he is also in charge of the effective planning, designing, developing and evaluating human resource-related initiatives that support org anizational strategic goals. In addition, he also leads performance management, talent assessment and effective labor births, including negotiating and administering labor agreements. Our HR director leave behind also supervise staff and announce to the president on issues regarding implementation of policies and procedures, safety of the workforce, recruiting and hiring high-performing employees, and labor, legislative and other human resources issues.The marketing Director is Francisco Andres whose responsibilities are boosting the sales of the companys services and products by establishing tell on recognition, optimization of the corporations market share using research on the competition comes and fashioning sure that Fahrenheit Technologies is one step ahead in innovation and marketing.He is also in charge with annual marketing plans and supervising these plans so that they come to fruition. In addition, he also helps conjure up a positive image of the corporation not l onesome(prenominal) to the consumers but within the company itself, he sum ups or maintains positive directs of customer satisfaction by providing impeccable customer support thru customer relationship management (CRM). He is also responsible for canvassing existing plans and strategies to make sure that we remain competitive and at par, even more, with your competitors. Finally, he reports the progress of any marketing strategy or plan that is ongoing and makes sure that all these plans and strategies are in line with the Fahrenheit Technologys goals.Business Permits and use1. swear and reserve the company name with the Securities and Exchange Commission ( second base) that willing take 1 day and PHP40 2. de posture paid-up capital in the received Agent Bank (AAB) and obtain bank certificate of deposit 1 day no charge 3. Notarize articles of internalisation and treasurers affidavit at the notary 1 day PHP500 4. present the company with the second gear and receive pre-re gistered revenue enhancement wearer Identification Number (TIN) The SEC Head station issues pre-registered TINs only if the companys application for registration has been approved.The company must yet register with the Bureau of Internal Revenue (BIR) in order to point applicable tax types, pay an annual registration fee, obtain and legal tender sales invoices, receipts and the books of accounts. 3 days (PHP 1,926.44 filing fee equivalent to 1/5 of 1% of the authorized capital bear or the subscription set of the bid capital stock, whichever is higher but not less than PHP 1,000 + PHP 19.26 legal research fee (LRF) equivalent to 1% of filing fee but not less than PHP 10 + PHP 500 By-laws + PHP 150 for registration of stock and transfer book (STB) required for modernistic corporations + PHP 320 STB + PHP 10 legal research fee for the By-laws)5. Obtain barangay headroom 1 day PHP 5006. Pay the annual familiarity tax and obtain the community tax certificate (CTC) from the Cit y Treasurers Office (CTO) 1 day PHP cdBusiness Permits and actionThe company is assessed a basic and an additional community tax. The basic community tax rate depends on whether the company legal form is a corporation, partnership, or association (PHP 500 or lower). The additional community tax (not to exceed Php 10,000.00) depends on the assessed value of real property the company gets in the Philippines at the rate of Php 2.00 for all Php 5,000.00 and on its gross receipts, including dividends or earnings, derived from business activities in the Philippines during the preceding year, at the rate of Php 2.00 for any Php 5,000.00. 1 day PHP 500 7. Obtain the business permit to operate from the BPLOThe fees vary depending on the LGU result the permit. The rate of license fee imposed in Quezon City is 25% of 1% of the authorized capital stock. Other permits, such as stanceal clearance, fire safety and inspection certificate, sanitary permit, certificate of electrical inspection , machine want permit, and other clearances or certificates required depending on the temperament of business, are also imposable.The rate of these fees depends on the nature of business and land area oc formied by the proposed corporation. The barangay clearance is a prerequisite for the issuance of business permit to operate. 6 days (PHP 2,408.05 business tax (25% of 1% of paid-up capital) + PHP 200 whitethornors permit + PHP 150 sanitary inspection fee + PHP 50 signboard fee + PHP 300 business scurf + PHP 100 QCBRB + PHP 545 zoning clearance + PHP 1,300 garbage fee+ PHP 300 FSIC (10% of all regulatory fees)) 8. subvert special books of account at book hold onSpecial books of accounts are required for registering with the BIR. The books of accounts are sold at bookstores nationwide. ane set of journals consisting of four books (cash receipts account, disbursements account, ledger, general journal) costs about PHP 400.Business Permits and Application9. drill for Certificate o f Registration (COR) and TIN at the Bureau of Internal Revenue (BIR) The requirements for application for COR with the BIR area. punctually accomplished and filled-out BIR Form No. 1903 (Application forRegistration for Corporations)b. Payment Form (BIR Form No. 0605) c. SEC security of Incorporation d. Articles of Incorporation and By-laws e. Contract of Lease (with BIR Form No. 2000 and supporting BIR Payment Form as proof of recompense of documentary stamp tax on the lease agreement) f. Documentary Stamp Tax Return (BIR Form No. 2000) on the original issuance of shares and Payment Form (for the DST payment) and g. Mayors Permit/Business Permit Application (duly stamped received by the Business Licensing Division of the local regime of Pasig City).2 days PHP 100 (certification fee) and PHP 15 (documentary stamp tax, in loose form to be habituated to Form 2303) 10. Pay the registration fee and documentary stamp taxes (DST) at the AAB The rate of documentary stamp tax on origin al issuance of shares of stock shall be Php 1.00 for e very Php 200.00 or fractional part at that placeof, of the par value, of such shares of stock. The documentary stamp tax requite shall be filed and the tax paid on or before the fifth (5th) day after(prenominal) the close of the month of approval of SEC registration. 1 day (PHP 500 registration fee + PHP 4,169.97 DST on original issuance of shares of stock. DST on the lease turn off is not included in the computation of the cost) 11. Obtain the authority to print receipts and invoices from the BIRBusiness Permits and Applicationa. Duly completed application for authority to print receipts and invoices (BIR Form No. 1906) b. Job order c. Final and clear sample of receipts and invoices (machine-printed) d. Application for registration (BIR Form No. 1903) and e. Proof of payment of annual registration fee (BIR Form No. 0605). 1 day no charge 12. publish receipts and invoices at the print shopsThe cost is based on the followin g specifications of the official receipt 1/2 bond paper (8 x 5 cm) in duplicate, black print, carbonless. The minimum print great deal is 25 booklets. 7 days PHP 3,500 13. Have books of accounts and Printers Certificate of Delivery (PCD) stamped by the BIR a. all in all required books of accounts b. VAT registration certificate c. SEC registration d. BIR Form W-5 e. Certified photocopy of the adenosine triphosphate and f. Notarized taxpayer-users sworn statement enumerating the responsibilities and commitments of the taxpayer-user. The company must also submit a copyof the PCD to the BIR RDO having legal power over the printers principal place of business. 1 day no charge 14. cash register with the Social Security System ( conscription)To register with the SSS, the company must submit the following documents a. Employer registration form (Form R-1) b. Employment report (Form R-1A) c. List of employees, specifying their birth dates, positions, monthly salary and date of vocatio n and d. Articles of incorporation, by-laws and SEC registration.Business Permits and ApplicationUpon submission of the required documents, the SSS employer and employee numbers will be released. The employees may attend an SSS training seminar after registration. SSS prefers that all members go through such training so that from each one member is aware of their rights and obligations. 7 days no charge 15. Register with the Philippine wellness policy Company (PhilHealth) To register with PhilHealth, the company must submit the following documents a. Employer data record (Form ER1) b. Report of employee-members (Form ER2) c. SEC registration d. BIR registration ande. duplicate of business permit. Upon submission of the required documents, the company shall get the receiving copy of all the forms as proof of membership until PhilHealth releases the employer and employee numbers within three months.1 day no charge 16. Register with Home Development Mutual Fund (Pag-ibig) To register with the HDMF, the corporation must submit the following documents a. Employers Data Form (EDF FPF040) b. Specimen Signature Form (SSFFPF170) c. Copy of SEC Certificate of Incorporation d. Copy of Approved Articles of Incorporation and By-laws and e. Board Resolution or Secretarys Certificate indicating the duly designated Authorized Representative. Upon submission of the complete documents and payment of the first gear contribution to the fund, the Pag-IBIG will issue the HDMF number and the HDMF Certificate ofSalaries & BenefitsThe headspring Officers decides not to puddle dividend that will worth their hard work and investments since the company is on its starting stage. They decided to re bulk large it until the company start getting to be more profitable than on its starting stage. each Assistants salary is based on the Philippines standard and will continuously have an increase as they get promoted based on their performance. The mortalnel is earning the minimum wage pay in Metro manila and will also have benefits as the law mandated. The laws on labor standards and practice session relations are amalgamated in the Labor Code of the Philippines.The salient points of employment conditions and employee benefits under the Philippine labor laws are as follows Fahrenheit Technologies is giving benefits to their employees as it is mandated by the law. The following are the benefits assumption by the company as required by the law 13th month pay, Social Security System (SSS), Philippine Health Insurance (PhilHealth) contributions, Home Development Mutual Fund (Pag-ibig Fund) contributions, overtime pay, special holiday/rest day rates, meal and rest periods, and service incentive pass. Other than that, the company is also giving a benefit which is non-mandated by the law, the Christmas support. Social Security System (SSS)Since Fahrenheit Electronics is a private company, they are required to be a member of SSS (Republic Act No. 8282). Social Securi ty Systems aims to protect its member when they are out to source income or when they are unable to work such as sickeness, maternity, after unassuming age (meaning, no source of income already), death and other situation where it will result to financial problem. Philippine Health Insurance (PhilHealth)The Philippine government has its medical insurance company, the PhilippineHealth Insurance or the PhilHealth. Every employee is required to be contributor on this service (Republic Act 7875). Members and its dependent are given health and hospitalization aids by this organization. Home Development Mutual Fund (Pag-ibig Fund)The Fahrenheit Electronics employers are also contributing to Pag-ibig Fund (Republic Act 7835) in behalf of their employees. The Home Development Mutual Fund is providing the last(a) interest housing and land acquisition it its members that can be payable up to thirty (30)Salaries & Benefitsyears. This gives every Filipino an opportunity to acquire their own h ome by directly deducted from their monthly yield and or salaries. 13th Month PayAll Filipino employees are entitled to have a year-end bonus that has the equivalent of a one (1) month salary. It is regardless on the nature of employees employment and it should be given every year. As it is based on the Presidential Decree No. 851, the Fahrenheit Electronics gives its 13th month pay not later than the 24th of December. Overtime Pay, Holiday Pay and stick Day RatesFahrenheit Electronics employees are interlingual rendition eight (8) hours of service per day and if it exceeds, that will be given overtime pay and will be equivalent to the employees regular hourly wages plus at least twenty five part (25%) under Article 87. However, if the company engage their employee to work on their scheduled rest day, particularly Sunday, and on a non- working holiday, the company will be paying them additional compensation at least thirty percent (30%) of his regular wage under Article 93. Mea l and Rest PeriodsThe company is giving one (1) hour break for their meals, particularly on Sunday. The company also gives rest periods particularly 15 legal proceeding in the morning and afternoon. These short periods of time is counted as hours worked and it is use for employees to have their chocolate and or snack breaks. Service Incentive LeaveIf the companys employee has worked for at least one (1) year, they are entitled to have five (5) days reach of absence, with pay, every year. If the employee does not avail those paid leaves, the company can made it mandatory or that leave can be converted to cash equivalents and will be given at the end of the year. Christmas BonusOf course, it will be given on December before the Christmas Eve. This will be the Fahrenheit Electronics Christmas put to their employees.Hiring of forcefulnessTo beget an employee of the Fahrenheit Electronics, an applicant goes though some or all of the following phases of the hiring procedures. 1. For employment application, an applicant fills out a Personnel Data Sheet which he/she signs to attest to the truth and accuracy of the information given. This form, uncommitted at the Human Resource and Development Office (HRDO), serves as the employee application form which, upon employment, becomes part of the employees file with the office. All information on the Personnel Data Sheet is issuing to verification and the company reserves the right to dismiss an employee found to have falsified data. 2. A preliminary converse is conducted and a reference checking is made by gathering relevant information from the references given by the applicant in the Personal Data Sheet. 3. A set of employment tests is given to the applicant who passes the preliminary screening.These are the standardized psychological test and skills tests administered by the Administration Office (AO). The test results will help indicate if the applicant is suited for the romp. Test results are confidential a nd may not be buildn to applicants or to unaccredited persons. 4. NBI and Police Clearances are required from an applicant who is considered for a job. These clearances are to be forwarded to the HRDO. 5. A medical interrogation/clearance is also required. The medical examination consists of a physical examination like chest roentgen ray and a Hepa-B examination.Hiring of Personnel ( offerd)6. Finally, an interview is conducted by the supervisor of the HRDO. Upon thesupervisors recommendation, a temporary or probationary appointment shall be issued. 7. Screening Process for Hiring Purposes. This last step includes final considerations including Review of application letter, resume, clearances, Transcript of Records Interview by the HRDO headPsychological test by the HRDO DirectorSecond level termination based on results of test by the HRDO Director HRDO reviews medical and other requirementsFinal decision by the office concernedOrientationMost employees are nervous on the first day of a modern job. We make this transition easier by conducting a detailed orientation program. This lifts the burden from the employee of having to condition things out on his own. It also sends a positive message to the employee about Fahrenheit Technologies organizational structure. forwards the employee begins work, the human resources department or the employees manager is to contact him to answer any questions he may have concerning dress code, document requirements, where he should be on the first day and what time to arrive. public presentation AppraisalFahrenheit Technologies will conduct its performance appraisals based on their employees output. This type of appraisal accentes on job products as the primary criteria. The most super acidly apply output-based appraisal is Management-by-Objectives (MBO). This specifies the performance goals that an individual hopes to break within an appropriate length of time. The objectives that each manager sets are derived from the overall goals and objectives of the organization. Implementation of an MBO appraisal system is comprised of four basic stages. Job Review and Agreement In the first phase the employee and the supervisor review the job description and the key activities that comprise the employees job. The idea is to agree on the exact fundamental law of the employees job.Development of Performance Standards Specific standards of performance must be mutually developed. This phase specifies a satis mill level ofperformance that is specific and measurable.Guided Objective Setting Objectives are established by the employee in conjunction with, and guided by, the supervisor. Objectives should be realistically attainable and may be different from the set performance standard.Continuing Performance Discussions The employee and the supervisor use the objectives as bases for continuing discussions about the employees performance. Although a formal review session may be scheduled, the employee and the m anager do not necessarily retain until the appointed time for performance discussion.GANTT Chart(Vic)Product ConceptThis is a three dimensional (3D) rendering of our carrier product, the Thermo-Mug.BenefitsIf you love hot drinks, you definitely want them to stay hot no matter where you go. The Thermo-Mug ensures that your coffee, hot chocolate or tea stays hot while you are out and about. in that respect are so some options of travel soft touchs out in the market, but only our Thermo-Mug provides these benefits Temperature-ControlThermo-Mug is the only travel mug with a temperature control chamber. The chamber keeps hot boozings at the perfect sipping temperature. You no longer have to decide between burning your tongue or waiting until your beverage is too tepid to enjoy. And when your hot beverage starts to get cold, simply cab it into your car flatboat or any USB port. The Thermo-Mug warms it back up in no time. When your coffee is the perfect temperature, it tastes its b est. Locking Lidspicy coffee in your lap is painful. Hot chocolate in your cup holder is a sticky mess. One of the benefits of the Thermo-Mug is its locking lid. Pour your beverage into it, nooky on the lid and go. The Thermo-Mug ensures that your hot beverage stays where it belongs while you roll over potholes or run for the bus. Dropping your tea while you juggle your bags no longer means a use drink. Form & FunctionMany travel mugs simply miss the mark in one manner or another. The Thermo-Mug is ergonomically designed to fit snugly yet comfortably in your clutch bag. The mug has a non-slip grip on its bottom and fits into all cup holders. Its 16-ounce capacity ensures that you have a cup for the smallest espresso to the tallest latte. Also, no fashion-forward person wants to carry a clunky, unattractive mug to work or school. Our Thermo-Mug comes with stylish stainless steel and plate accents.Benefits (continued)Cheap advertizingWith these travel mugs, you can have your busi ness logo and advertisement carried by many sight wherever they go. Not only are they portable and long lasting, they make great move billboards for your businesss brand. Our Thermo-Mugs are relatively inexpensive if bought in quantity. Even if they are bought in little amounts, they still function as cheap mobile advertising. There are not many promotional items that can last as long as printed travel mugs. As a business, you want your logo to work to its full potential. It needs to be eye-catching and easy to read. Being that coffee and tea are big parts of most peoples lives, using our Thermo-Mug with your logo on it ensures that people are always aware of your brand. They are an easy and great way to build up your name end-to-end your market sector. For ConvenienceThe most transparent use of a travel coffee mug is eat hot beverages while out and about. It also minimizesthe chance of spilling your drink. You can also make coffee only once and store up to three servings in i t. The insulation system of the Thermo-Mug will ensure that the coffee temperature is perfect for later consumption. For The EnvironmentLots of companies are trying to move away from disposable items for the interest of being eco-friendly. The Thermo-Mug achieves this because theyre reusable, thereby fulfilling corporate responsibility. They are also energy efficient in that you feignt have to keep brewing coffee throughout the day.Company write & logotypeLogoCompany NameFahrenheit TechnologiesCompany Location778 B, Mahogany Street, Octagon Village, Barangay Dela Paz, Pasig CityContact Information512-3640 / 0917-888-1218Key executivesVictor Ros, Francisco Andres, Harold Bautista, Gerone Santos & Kevin Dela Torre Branch LocationsTBACompany DescriptionEstablished in 2012, we induce consumer products that are innovative, functional, distinctive in quality and design and not widely available from other retailers.Number of Employees1 President, 4 decision maker Directors, 4 in admi nistration, and 10 in operations a total of 19.LocationFahrenheit Technologies will be located in 778 B, Mahogany Street, Octagon Village, Barangay Dela Paz, Pasig City, housed in a two-storey building with a large meeting area, 4 offices, and a conference room.The City of Pasig is one of the city-municipalities of Metro Manila and was the former capital of the state of Rizal prior to the formation of this grouping of cities designated as the National Capital Region. Located along the eastern part of Metro Manila, Pasig is bordered on the west by Quezon City and Mandaluyong City to the north by Marikina City to the south by Makati City, Pateros, and Taguig City and to the east by Antipolo City. Pasig is primarily residential and industrial but has been adequate change magnitudely commercial in recent years. With its close proximity to the Ortigas Business District, our target market area, weve confirm that this location serves our company the best.Ortigas Center is a financial a nd central business district with an area of more than 100 hectares. It is Metro Manilas second most important business district after Makati City. It is home to many shopping malls, call centers, office and condominium skyscrapers, other building complexes, night aliveness bars and restaurants. It is adjoin by the streets of EDSA to the west, Ortigas Avenue to the north, Meralco Avenue to the east, and Shaw Boulevard to the south. All of these factors make Ortigas Center a prime location to introduce our product to the market.LayoutThe layout of our office, seen here, shows a large manufacture area to the right. This is where most of our operations take place. In the middle you see our sales office at the bottom and directly above it is our Head Office bordered by our conference room used for meetings and planning and such. At the bottom left of this layout will be where our Human Resource and Accounting Office are placed. Above that will be our market office. At the very left c orner of this layout is the fire exit that leads outside. A x square measuring rod space, we will be leasing this building for Php 50,000.00 per month.Manufacturing/Assembly Process-help paco-pictures-step by step-ent res charts for manufacturing/productionOur workers have a total of 8 working hours including130 minutes break. An individual worker can hang on one mug in 20 minutes including all the process. One worker can make 24 mugs in six hours and thirty minutes.To account for employee absences and late arrivals and such, we will assume that 1 worker per day can assemble or produce 20 travel mugs.Production Processhelp paco-pictures-step by step-ent res charts for manufacturing/productionOur workers have a total of 8 working hours including130 minutes break. An individual worker can assemble one mug in 15 minutes including all the process. One worker can produce 26 mugs in six hours and thirty minutes.To account for employee absences and late arrivals and such, we will assume that 1 worker per day can assemble or produce 20 travel mugs.Raw MaterialsStainless Steel Cup. (durability of the product) Twelve (12) pesos per unit. P 30,000 in bulk.Handle. (rubberized on the knowledgeable side where the finger tips will be placed to enhance grip) Five (5) pesos per unit. P 12,500 in bulk. USB Connector. (option) (can be used when youre using lap outgo) Ten (10) pesos per unit. P 25,000 in bulk.Car Cigarette Lighter. (option) (To feel the portability of the product using car) Ten (10) pesos per unit. P 25,000 in bulk. Plastic Lid. (made from food grade plastic) Five (5) pesos per unit. P 12,500 in bulk. behind Holder Holds the heating container in place, connects the USB Adaptor to the heating coil, and attaches to the plastic accent (above it) and the bottom plate (below it). Fifteen (10) pesos per unit. P 25,000 in bulk.Plastic Accent covers the interior layer of the Thermo-Mug. Serves as a safety measure and aesthetic design. Five (5) per unit. P 12,500 i n bulk.Heating Coil. Fifteen (15) pesos per unit. P 37,500 in bulk.Bottom Plate holds the outer layer of the unit to the inner reheat layer. two (3) pesos per unit. P 7,500 in bulk. grind Machinery & EquipmentThe following are the Fahrenheit Electronics mill Machinery and Equipment used for the production of the Thermo-Mug The following are the Fahrenheit Electronics Factory Machinery and Equipment used for the production of the Thermo-MugWires (Php 18 per meter) P 2,340 per 150 meter.It is a single wire, cylindrical, pliable strand or rod of metal. It use forthe electricity flow directly to the coils to heat-up.Long Nose And Diagonal Wire supply ship (Php 350.00 per unit) P 4.86 per month. It is used for cutting electrical wires.Soldering iron (Php 450.00 per unit) P 6.25 per month.It is used to solder the wirings and coils to produce durable bonding and connection between each other. Electric tape (Php 5.00 per unit)It is used to cover-up open air wires. It is also used to ins ulate electrical wirings to prevent from unnecessary conduction. fodder grade epoxy (Php 1,276.38 per 3.74 liters)Food grade epoxy is used to bond each part of the tumbler. It is a food grade material so it cant harm anybody wholl use the product.Factory Machinery & Equipment8 in 1 screw driver with flashlight. It is used for the screws involved in the production of the product. (P 195.00 each) P2.70 per month.PackagingThe Companys Smart mug is jailed by a plastic film, polyethylene. It is a common plastic and commonly used in packaging different kinds of product such as bottles, containers, furniture, appliances and so on and so forth. The product is wrapped with it because of its flexibility to fit the package firmly. It is also for better separate out resistance, jolt resistance, and toughness of the product.Packaging which forms a sales unit for the user or final consumer .The product will be enclose in a plastic wrap and each product will have a carton cut and comes to a b igger box for the storage in the building. The main packaging materials included * Carton box* Plastic wrap* Paper/fiberboardPackaging CostCarton box= P 400 per monthPlastic wrap= P 1000 per monthPaper/fiberboard = P 4000 per monthPackagingThe Fahrenheit Electronics Thermo-cup is wrapped by a plastic film made from polyethylene. It is a common plastic and commonly used in packaging different kinds of product such as bottles, containers, furniture, appliances and so on and so forth. The product is wrapped with it because of its flexibility to fit the package firmly. It is also for better stress resistance, impact resistance, and toughness of the product.After the wrapping of polyethylene plastic film, it will in the main packed in a semi open box like carton packaging with a company name and descriptions indicated. The logo of the company will be placed at the upper-center most of the thermo-cup. The design of the logo will be print screened or engraved depends upon the need and ta ste of the customer.The company will offer a different style of marketing which the customer will have an option to customize their own thermo-cup by making their own logo engraved or print screened on it and it depends where the logo will be placed. But the packaging will be the same as mentioned and prices may vary.DeliveryOur company use L300 van in delivering our product. This van is have by our co- owners and this is one of our companys advantages. We dont need to pay for rental of vehicles we bonnie spend a sort money for the gasoline. Our company owned three vehicles to be used for our transactions. The vehicles to be used by our company are the following*Kia K2700 cost = (839,000 pesos)* Nissan close van cost = (200,000 pesos) 2nd handThe total cost of our two vehicles amount to 1,039,000 Php depreciation value of vehicles * Kia K2700 = 69,916.67 Php per month* Nissan close van = 16,666.67 Php per monthTotal depreciation cost = 86,583.34 Php per yearMany businesses use the ir own vehicles when transacting operations. Our vehicles are owned by our three directors our Operation Director Mr. Bautista owned the Mitsubishi adventure, our Marketing director Mr. Andresowned the Kia k2700 and our Finance Director Mr. Santos owned the Nissan close van.Quality & Safety MeasuresOur product Thermo-Mug has heating capacity to ensure that our consumers will enjoy their specific hot drinks. Our product thermo cup has usb loose woman and lighter heater plug in order for the thermo cup to maintain its warm temperature. This product is portable and there is no need for the consumers to avail hot water, they could simply plug in their thermo cup in their laptops or cars and the thermo cup would automatically heat up their drinks. Thermo cup does not contain any hazardous chemical. The inner part of thermo cup is made up of stainless metal which is the heater of the mug. The outer layer of the cup is made up of fiber glass and can absorb the heat of the cup. Each electr ical part of the thermo cup was fixed very well to ensure the safety of the consumers.Thermo cup has a limit heating temperature and it is only up to 72 Fahrenheit. This kind of temperature is for warming purposes and probably safe. Our product thermo mug is designed for teenaged professionals and other busy professionals. Thermo mug is different from ordinary tumblers thermo mug has heat retention properties. It also contains USB plug and car plug for heat retention. Consumers can plug this mug on their laptops and even in their own cars. Thermo mug is properly sealed and the outer part of our product is all water proof so thermo mug is absolutely washable. The stainless still container which holds the liquid beverage is also washable. Thermo mug contains 12 volts if it is plug into the car socket and if it is plug into USB plugs it contains 5 volts which is built for the safety of our possible consumers. The socket of thermo mug contains retractable plug cover to prevent water le ak when washing the thermo mug.-pictures -add more descriptions as neededLocation & LayoutFahrenheit Technologies will be headquartered in 778 B, Mahogany Street, Octagon Village, Barangay Dela Paz, Pasig City. The total size of our office is 273.37 square meters.-add narrative-benefits/advantages of layoutIntroduction to Marketing AspectAs mentioned, Fahrenheit Technologies is a corporation that primarily caters to other businesses (B2B). These are a type of commerce transaction that exists between businesses, such as those involving a manufacturer and wholesaler, or a wholesaler and a retailer. Business to business refers to business that is conducted between companies, rather than between a company and individual consumers.In order to be successful with your B2B marketing plan, you need to begin with getting answers to questions about just how you will define your marketing success. Thinking about your business and committing your marketing goals and budget to paper is the first meaningful step towards a plan to succeed. Planning your marketing will also eliminate knee-jerk expense that usually results in wasting scarce financial resources that do not produce a return on investment.This is where all the information gathered about the current market is vital. In this part of the translate we will discuss the factors that affect the feasibility of our business. One of the first factors that need attention is the industry analysis. industriousness analysis involves reviewing information on current stinting market conditions. Industries studied can include retail, unbendable food, manufacturing, various repair services and twisting. The type and number of business industries analyzed depends on the local economic market. Markets with large groups of consumers or several demographic groups often have more business industries than smaller economic markets. Free market economies are built on the concept of supply and demand. Markets with high consumer demand o ften have more companies in particular industries.And when it comes to supply and demand, that is also one of the most important parts of economics and how it measures the strength of a market parsimoniousness. Supply and demand set the price and the amount of a good that will be produced. When the demand is high the price will be less, but when the price is high the demand will be less.Market Overviewgeneral view of the marketpossible customers in a general sensecharts and graphs according to surveyMarket Segmentationcharts and graphs according to surveymore centralized according to target marketsTarget Markets-charts and graphs according to survey-actual businesses weve targetedThe Fahrenheit Technologies targets the big and small companies that can sell the thermo-mug to its clients. The biggest client of Fahrenheit Technologies is the travel airlines, coffee shops and tea shops. Some other business that will buy our product that they will be using in there promotional activities for the customers.promotional Activities crowd StrategyPush strategy uses companys sales force to create customer demand for product. In it the manufacturer promotes the products to distributors, the distributors to wholesalers, the wholesalers to retailers and in last retailers to customers. This strategy requires less expenditure as no major advertisement is made. But still to adopt push strategy all supply chain members have to give special offers to the buyers, they have to give discounted offers and closeout deals, etc. This strategy is also veryeffective in wholesale business as the wholesalers have to sell products to retailers and until or unless they offer something special to retailers they will not buy from them. So adopting promotional activities is very important for wholesale suppliers. Sales PromotionBusiness-to-business markets sales promotions are also used as a means of moving customers to action. However, the promotional choices available to the B-to-B marketer a re not as extensive as those found in the consumer or trade markets. For example, most B-to-B marketers do not use coupons as a vehicle for sales promotion with the exception of companies that sell to both consumer and business customers (e.g., products sold through office supply retailers). Rather, the techniques more likely to be utilized include price-reductions, free product, promotional products and trade shows.Of the promotions listed, trade shows are by far the mostly widely used sales promotion for B-to-B marketers. Sales promotion has been in constant branch since the 1960s and has today become one of the key factors in the promotional mix. The methods used have become more sophisticated and an increasing number of companies are realizing the importance of a well structured promotion strategy. It was also found that the focus is not always on using sales promotion tools to generate sales, but to improve relationships. As for the tools used, it was found that there are comm only used sales promotional tools in B2B settings.Promotional ActivitiesAdvertising advertise the product, service or brand in newspapers, radio, television, magazines, outdoor signage and website. Personal selling or telemarketing Face-to-face selling in which a seller attempts to persuade a buyer to make a purchase. Publicity created by sending media releases to print and broadcasting media, giving interviews to the media and from word-of-mouth. Short-term sales Promotions market your product or service using coupons, competitions, discounts, and contests. Direct Marketing involves sending letters, emails, pamphlets and brochures to individual target clients, often followed by personal selling or telemarketing. X-Deals this involves releasing our products to established retailers in exchange for a contribution of the profit. This percentage ranges for each retailer but also promises immediate exposure to the market. Sample products 135,000 php (300 pcs P450 per mug) Free/ Giveaways-The company will be giving away sample products in prospective clients.Trade shows 20,000 php-when there is trade show the company will participate by installing a both to display the products.SWOT compendhttp//www.cps.ca.gov/workforceplanning/documents/ToolKitEnvScanSWOT.pdfSTRENGTHSWEAKNESSESEveryone uses tumbler especially when theyre drinking coffee Attractive because of its electronic capabilitiesSimple but very usefulThe market is not existing resulting to difficulty to build a string market OPPORTUNITIESTHREATSThere are no other tumbler that has the capability to reheat liquids such as coffee or water. Not so expensive so the chance of expanding is highPotential on the B2B transaction through a retail outletCan be sell on a study store or any bookstoreThere might have competition online or local.There are simple tumblers that only function to hold your coffee or any other drinksDistribution transmission channelThe Distribution Channel of the Fahrenheit Electronics Company is using aBusiness-to-Business Marketing which it describes transactions between business, including the manufacturer-wholesaler transaction relationship and, or wholesaler-retailer transaction relationship.The same as the Business-to-Consumer marketing, B2B can also employ different channels, such as physical store or e-commerce as the company acquire. The difference is that B2Bs transaction is in bulk therefore involving large sums of money which is how the company transacts.Industry digestTRENDS dwarfish kitchen appliances continued to have a small contribution to overall volume sales of consumer appliances in 2012, because almost all of these products are considered unnecessary or have direct and indirect substitutes which are cheaper or are readily available in most homes. Nonetheless, the category posted volume evolution of 5% in 2012. This can be attributed to the increasing need for convenient products due to Filipinos busier lifestyles. COMPETITIVE LANDSCAPEEver Good Unlimited remained the leader in small kitchen appliances in 2012, with a 29% volume share. The company was able to maintain its position due to the strong following for its Imarflex brand, its long-standing presence in the country, and extensive distribution across different channels. In 2012, Ever Good Unlimited and Northern Islands, its closest competitor, each registered a market share increase of two percentage points. However, Northern Islands experienced a slightly stronger sales volume growth of 5.4%. PROSPECTSSmall kitchen appliances are expected to record a volume CAGR of 4% over the forecast period. This stable growth can be attributed to more Filipinos switching to electric kettles, the biggest category, because of the convenience that these devices offer, especially to those with hectic schedules. The countrys good economic outlook is also anticipated to stimulate demand, as consumers will be more willing to spend due to better financial stability. Hence, household penetration is expected to improve inthe next five years. http//www.euromonitor.com/small-kitchen-appliances-non-cooking-in-the-philippines/reportIndustry AnalysisConsumer Appliances in the PhilippinesConsumer appliances records modest volume and value growth in 2012 Consumer appliances in the Philippines recorded modest volume growth in 2012. This growth can be attributed to better economic conditions, the residential property boom in the country, the green initiatives of the government and manufacturers, and the prevalence of flexible payment options from major banks and chained electrical goods retailers. The increase in value sales, on the other hand, was mainly driven by greater demand for energy-efficient and feature-heavy models, which commonly command higher unit prices. (Source http//www.euromonitor.com/consumer-appliances-in-the-philippines/report) outmatch Appliances Stores in the PhilippinesThe EMCOR Store Head Office In Davao City. EMCOR has over 100 branches spread a cross the Philippines. There are a number of appliance stores in the Philippines that carry nearly all product lines. They offer prices at almost the same rates like their competitors. Nevertheless, not all of these companies share the same excellence when it comes to products and services. Quality products, excellent service and amazing promotions are some of the aspects that set them aside from the rest. Below are the Top 3 one-stop shop appliance stores operating all over the Philippines today. We considered the following criteria for ranking the companies Network size, Products, Service, Online transaction capability, and Industry tenure.1. EMCOR Inc. is considered to be the most extensive retail appliance, computer, furniture and motorcycle store in the Philippines. They have been serving the Filipino people for 52 years. This company has a total of 106 stores operating all over Visayas, Mindanao and Palawan areas with a sister company in Luzon, the KServico, that has a total o f 100 stores in Metro Manila and Luzon area. It has developed the online transaction featurerecently and is beginning to receive orders for overseas customers. They have the customer service officers or CSOs to attend to the customers even after the sale. EMCOR carries all major brands for all product lines. One reason that separates this company among the others is their Instalment Plan. EMCOR offersIndustry Analysisinstallment plan of up to 30 months for motorcycles and 18 months for appliances, furniture and computers. In addition, they recently added Western Union to their service in order to cater the remittances of our sisters and brothers working abroad.2. Abenson, Inc., one of the companies of Benison Group of Companies, has engaged in retailing of appliances and consumer products in the Philippines for 35 years now. They have 64 branches in Luzon, Cebu and Tagbilaran only. They operate inside department stores for the convenience of the people. Most customers prefer one-sto p shopping nowadays and theres no better place for it but the malls. Their online shop, to most, is considered to be among the best Philippine website marketing tools. It caters to both local and overseas consumers.Abenson stores carry appliance and computer brands for all product lines.3. SM Appliance is the retail appliance store of SM Group of companies. They have been in the industry for 18 years since their incorporation in SM malls in 1991. Although SM Appliance stores are located only inside SM Department Stores and other prominent malls, it has 45 branches operating all over Luzon (37), Visayas (6) and Mindanao (2). They also have their online store which will enable customers to shop for appliances in the Philippine, both local and abroad.SM Appliance stores carry all kinds of products from small to major items.These companies continue to grow in spite of the economic challenges our industry are experiencing right now. They continue to serve the globular market with qualit y products and excellent services. These facts are the reasons why the aforementioned companies are among the top appliance storesin the Philippines.Market RisksThe advent of advanced electronics technology in the country brought various conception of innovative electronic products to the market. This trend does not allow the majority of manufacturing companies to maximize their time to introduce another product. This is mainly because there is an increasing intense competition in the industry. There exists a diverse competitors ranging from wide global corporations to specialized companies within the Philippines. Competitors are increasingly manufacturing products, including sophisticated ones, in low-cost jurisdictions. This becomes one of the risks that the company shall look into.Other risks, manufacturing in particular, include two main issues First is the price of the major commodity, and raw materials. Since the materials to be used in the product are not solely produced by the company, the fluctuation of global exchange rate might affect the price of raw materials that are mostly imported by large manufacturing companies in other countries. Secondly, quality control checks have been introduced at all stages of appliance assembly in the country. Thus, it requires that the company shall also perform quality control during its product assembly.Demand & Supply Analysishttps//www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=10&ved=0CGYQFjAJ&url=http%3A%2F%2Fwww.cps.ca.gov%2Fworkforceplanning%2Fdocuments%2FGetStartSuppDemAnalysis.doc&ei=9-MtUu6XF-jQiAfk7IDADQ&usg=AFQjCNHgZcAaZ6XXwvcOb_RNuMgRuwni1w&sig2=X1ntMOFozrj67OQzBeDuOw reexamineA Short Survey on Travel Mugs We appreciate your input and guarantee thatyour answers will be treated with confidentiality and respect. Rest assured that the results will be used strictly for academic purposes only. Thank youWhat is the name of your company?What is your line of business?Who are your key customers?How man y people does your company employ?What is your job title?Does your company have other branches?Does your company offer travel mug/coffee tumblers to its customers?If not, would you be willing to?If so, who is responsible for buying or getting them?Where does your company go when looking for an item like this?How often does your company purchase them?How many of them do you order each time?How long does it take your company to make this buying decision?What features do you look for when you purchase this item?What needs are you trying to meet when you purchase them?Socio-Economic AspectA. CustomerOur product thermo cup has a great impact on our customers. Thermo cup is made not only for busy business man but also for young professionals who does not have enough time to boil water for their coffee. Our product was made for all workers who are very busy, thermo cup has heating capacity and also contain USB plug so our customers can plug in the thermo cup in their laptops or even in the ir cars. Thermo cup is also a friendly user it is very easy to use and it is also portable and you can bring it anywhere even when you are travelling inside or outside the country. Thermo cup is made to let people know technology is evolving very fast it might affect the old tradition of each customers but customers should know what benefits they would will be getting when they consume an advance product. Thermo cup ensure 100 percent quality and 100 percent satisfactory for our dear customers.B. CommunityBuilding a new assembly area nearby a community will affect the locals everyday life and their future. The environment of the townspeople will also alter, it is true that there are some negative effects, because a large assembly area will pollute the environment and the traffic will rise. The most obvious advantages of the new assembly area are the delivery developments. Nowadays, unemployment is increasing therefore almost every town require new job opportunities. the positive effect to the local economy is tremendous. New workplaces born and the living industry is also improving by the increased commerce.In addition, environmental change is also performed because the government has more found to spend from the growth of the industrial tax and the drop of the unemployment benefits. On the other hand, the new construction will have disadvantages. For instance, the pollution will rise and the traffic of the town is probably increasing. The construction of the new assembly area is often noisy and perhaps taking for a year to being built. After it is finished, the employees are starting to work and as a result, the traffic of the rush hours will grow.Furthermore, the factory will begin to pollute the environment. Not only the assembly area itself, but also the new volume of transport. All things considered, building a new assembly area is beneficial to the community in spite of its adverse affect, because in our days, people well-being depends on work opport unities and economy state. If the fund of the town is good, the environment pollution can be reduced by developments.C. GovernmentFahrenheit Technologies assures that their company will regularly pay their taxes and will follow all the rules set by the government. The benefit that the government can obtain from Fahrenheit Technologies is the tax revenue itself. And in return this tax revenue collected by the government will benefit the household sectorD. Proponents(Vic)This company can also offer jobs to a lot of unemployed citizens that will help the economy build itself. The proposed business will benefit the economy through providing employment. This will give the hired employees and their families their source of income for their living needs. That consumers income will help keep the economy stimulated. This business will support local workers as well as professionals and alleviate the need for local employment. It will also promote the creativity of the individuals, concerned i n this project. The business will also contribute to the competition which will lower the price of the product but will maintain its quality.Curriculum Vitae-resumesExecutive SummaryThis study aims to examine the feasibility of introducing an innovative, non-cooking appliance in the market The objective of this study is to identify the demand for this product in the market JustificationStudy objectiveScope of studyType of businessManagement highlightsMarketing highlightsFinancial highlightsSocio-eco contribution2 pagesSourcesFinancial Directorhttp//www.paretofd.co.uk/financedirector_1006.pdfHuman Resource Directorhttp//www.villanovau.com/hr-director-job-description/Marketing Directorhttp//voices.yahoo.com/roles-responsibilities-marketing-director-7654218.html Office Supplieshttp//www.valueline.com/Stocks/Industries/Industry_Analysis__Office_Equipment_and_Supplies.aspx Organization Presidenthttp//humanresources.about.com/od/samplejobdescription/f/president.htm Salaries & Benefitshttp //easyoutsource.com/employee-benefits-in-the-philippines/ http//invest.cfo.gov.ph/pdf/part2/salaries-and-wages.pdfhttp//www.coa.gov.ph/tsolmp/TSOIntra/Manpower(labor).htmCompany Profilehttp//www.businessweek.com/small-business/legal-forms/starting-a-business/company-profile-samples.html Raw Materialshttp//www.technologystudent.com/elec1/diode1.htmhttp//www.alibaba.com/product-gs/392421984/12V_Smart_mug_16oz_capacity_with.html http//answers.yahoo.com/question/index?qid=20090606150900AAKF1ehB2B Surveyhttp//survey.cvent.com/blog/best-practices-for-conducting-surveys/15-key-questions-for-b2b-market-research-surveys Performance Appraisalhttp//www.sbaer.uca.edu/research/swdsi/2003/Papers/089.pdfHiring of Personnelhttp//www.adzu.edu.ph/employment-policies-and-practices/hiring-procedure.html Benefits of Travel Mughttp//EzineArticles.com/3033108http//www.asicentral.com/asp/open/content/content.aspx?id=3842 http//www.promotionalgifts.org/travel-mugs-c127.htmhttp//drinks.answers.com/bar-equipm ent/benefits-of-a-brugo-travel-mug Locationhttp//en.wikipedia.org/wiki/Ortigas_Centerhttp//en.wikipedia.org/wiki/Pasig_CityDistribution Channelhttps//www.boundless.com/marketing/marketing-channels/channel-structures/b2b-channels/ Promotional Strategyhttp//www.ukessays.com/essays/marketing/sales-promotion-in-business-to-business-marketing-marketing-essay.php Type of Businesshttp//www.ebscohost.com/uploads/imported/thisTopic-dbTopic-1074.pdf http//20101918nd.blogspot.com/2011_03_01_archive.htmlhttp//www.investopedia.com/terms/b/btob.aspIndustry Analysishttp//www.euromonitor.com/small-kitchen-appliances-non-cooking-in-the-philippines/report http//jsantos8000.hubpages.com/hub/top-appliances-storesBusiness Permits and Applicationshttp//www.doingbusiness.org/data/exploreeconomies/philippines/starting-a-business Pre-operating Costs