Project Presentation: The AccuDrill Company: AccuTools Inc.

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Presentation transcript:

Project Presentation: The AccuDrill Company: AccuTools Inc.

AccuTools Inc.2 Product Design Team

AccuTools Inc.3 The AccuDrill  Hand drill attachment  Facilitating drilling straight holes  Easy to assemble  Meeting customer needs Pro/E drawings

AccuTools Inc.4 Presenting... AccuDrill v1.0  Allows for STRAIGHT DRILLING every time!  LIGHT WEIGHT and EASY-TO-USE!  EXCELLENT VALUE!  Makes a great HOLIDAY GIFT!

AccuTools Inc.5 How it works!

AccuTools Inc.6 FEATURES: Multi-Purpose Base  Drill on flat surfaces or even rods and tubes  Big opening for easy drill bit changing  Thick rubber base for sturdiness and stability  Won’t damage drilling surfaces!

AccuTools Inc.7 FEATURES: Adaptive Drill Holders  Specially designed and engineered to hold most battery powered hand-drills  Thick rubber padding to hold your hand drill safely and securely

AccuTools Inc.8 FEATURES: Quick Tighten Knob & Easy Slide Tracks  Specially threaded knob tightens drill holders quickly and easily  Sturdy precision tracks allow for a smooth, straight motion

AccuTools Inc.9 FEATURES: Calibrating Drill Bit  Special Drill Bit used to calibrate your drill to ensure straight drilling  Made of steel for strength and durability

AccuTools Inc.10 Installation  Step 1: Insert Calibrating Drill Bit into hand drill.  Step 2: Place hand drill in AccuDrill Bottom Holder  Step 3: Plunge drill towards drilling surface until Calibrating Drill Bit is flat against surface.  Step 4: Tighten Knob to secure Drill in the calibrated position  Step 5: Remove Calibrating Drill Bit  Step 6: Install desired drill bit  Step 7: Drill and enjoy the power of AccuDrill!

AccuTools Inc.11 AccuDrill – Drill it AccuRately!

AccuTools Inc.12 Prototype: Simulations on ADAMS 12.0 Flat surface

AccuTools Inc.13 Prototype: Simulations on ADAMS 12.0 Rod or tube

AccuTools Inc.14 Target Market &Product Distribution Target Market - house owners, construction companies, DIY lovers and anyone who uses drills frequently Product Distribution  Establish business relationships with some big chains like Canadian Tire, Home Depot and Sears.  Negotiate with drill manufacturers like Black & Decker to seek bundle promotions  Direct sales to big clients like some construction firms.

AccuTools Inc.15 Marketing Survey  69.5% have hand drill.  63% have the problem of drilling straight holes (at least 50% times)  100% need a solution for this problem  70% consider buying such a product if it is available in the market  They considered that, from most important to least, the following factors would influence their buying behavior ease of use price level of accuracy weight and size  they expected to pay $9 - $13 for this product.

AccuTools Inc.16 Canada Market Analysis

AccuTools Inc.17

AccuTools Inc.18

AccuTools Inc.19 Break-Even Analysis

AccuTools Inc.20 Budgeting Sales Budget Ending Inventory Budget Direct Labor Budget Direct Materials Budget Manufacturing Overhead Budget Selling and Administrative Expense Budget Production Budget Cash Budget Budgeted Balance Sheet Budgeted Income Statement

AccuTools Inc.21 Pre-Prod Cycle Issues Engineering Design  Base Removable Must work on  Flat Surfaces  Round Surfaces

AccuTools Inc.22 Pre-Prod Cycle Issues Engineering Design  Tracks Sturdy Removable from base No screws Must have range of motion to fit drill & drill bit

AccuTools Inc.23 Pre-Prod Cycle Issues Engineering Design  Safety Avoid exposure to moving parts

AccuTools Inc.24 Pre-Prod Cycle Issues Engineering Design  Drill mounts Contact points on drill Drill must be tightly held between mounts

AccuTools Inc.25 Pre-Prod Cycle Issues Engineering Design  Calibrating Bit Need drill to be perpendicular to base & drilling surface

AccuTools Inc.26 Pre-Prod Cycle Issues Engineering Design  Assembly

AccuTools Inc.27 Material Selection Criteria  Weight  Cost  Strength  Corrosion Resistance  Surface finish  Surface Colors  Manufacturability  Low Electrical and Thermal Conductivity

AccuTools Inc.28 Materials Selection PropertiesAluminumPlasticCompositeCarbonMild SteelTungstenStainless Steel (Weight age) Weight (10) Cost (10) Strength (10)58108 Corrosion (5) Surface Finish (3) Color (2) Manufacturability (10) Low Electrical and Thermal Conductivity (5) Total Weighed Scores

AccuTools Inc.29 Plastics  Polypropylene Polypropylene  Polystyrene Polystyrene  PVC PVC  Cellulose Cellulose  Acrylic Acrylic  Polyester Polyester  Polycarbonate Polycarbonate  Acetal Acetal  Fluoropolymers Fluoropolymers  Polyphenylene Oxide Polyphenylene Oxide

AccuTools Inc.30 ABS- Physical Properties Tensile Strength N/mm² Notched Impact Strength30-DecKj/m² Thermal Coefficient of expansion x Max Cont Use Temp oCoC Density g/cm 3 Compressive Yield Strength MPa psi

AccuTools Inc.31 Production Cycle

AccuTools Inc.32 Lessons Learned  CE concept is so important and was applied through the whole procedure of designing AccuDrill.  Feedback from outside (i.e. peer review) can also shed some light on the product design, especially in the prototyping phase (the calibrating drill bit).  Cross-function team has high efficiency, but hard to manage.

Questions ???