MANAGEMENT
• Time Value of Money and Decision Making −− Interest: simple and compounded −− Inflation −− Worth: present and future values • Decision Making −− Net Present Value, Payback Period −− AAR, Internal Rate of Return, Profitability Index −− Case Analysis • Benchmarking Module DAY TWO - Cost Impact & Enterprise Decisions • Cost Impact on the Enterprise
Product Liability and The Engineer 1.5 Day | Classroom Seminar I.D.# 82001 In the past few decades, product liability law has dramatically changed the manufacturer’s outlook in the design and manufacture of product. The concept of safety and reliability has been altered from a purely engineering/manufacturing concept to a legal/manufacturing approach. This new approach requires an understanding of legal concepts as related to the manufacturing and design process. The engineer’s role has shifted to include a safety audit analysis to minimize the existence of a product defect and/or to defend the product in a way that is responsive to the legal concerns. An overnight assignment will be made by the instructor. It will consist of problems drawn from actual cases and a group project that examines the design, instructions, and warnings of a product. Learning Objectives By attending this seminar, you will be able to: • Relate legal concepts as they apply to the manufacturing/ design process • Use safety audit analysis techniques to minimize or eliminate product defects during design, thus reducing product liability • Discuss defense of product from a legal perspective • Recognize the importance of potential liability as it relates to the manufacturer Who Should Attend Persons responsible for product design, including managers and designers; corporate risk managers; persons responsible for developing and approving product instructions and warnings; marketing personnel; production and quality assurance managers and personnel; personnel responsible for product safety and those persons, including lawyers, who oversee and manage product liability issues. Prerequisites Participants should have an undergraduate engineering degree or commensurate experience in manufacturing or product liability.
−− Cost of capital, cost of equity and debt, WACC, Case Analysis −− Cost of Ownership, Depreciation; Accelerated cost recovery; Depletion −− The influence on tax obligations • Alternative Financial Decisions Using Case Analysis
−− Make-Buy −− Buy-Lease −− Repair-Replace −− Investments of Unequal Life • Sensitivity & Scenario Analysis • Matrix Priority Rating Systems DAY THREE - Cost Management • Production Cost Relationships
−− Break-even Point −− Marginal Costing • Elements of the Production Process −− Pricing influences — Quality; Competition −− Elasticity of Demand • Cost Principles & Definition −− Accounting, Opportunity, Estimating −− Fixed, Variable, Cost Function, Transfer Pricing −− Economies of Scale
• Managerial & Cost Accounting −− Cost Volume Profit Analyses −− Standard Costing −− Throughput Costing & Case Analysis −− Activity-based • Inventory Management −− Types −− Accounting • Cost Estimating Methodology −− Activity-based costing −− Cost analysis process examples (metallic, electronic, plastic) • Cost Control Alternatives −− Marketing & content evaluation −− Engineering & redesign (DFSS, DFMA, VE, Benchmarking) −− Commercial Decisions (Purchasing, Economies of Scale) −− Regions of manufacture & transportation
Topical Outline (Day two will end at approximately 1:00 p.m. ET) Legal Concepts −− Negligence: elements, defenses −− Strict liability: section 402A (elements, defenses) −− Warranties: express, implied • Analysis of Defect −− Meaning of unreasonable danger −− Production defect −− Design defect −− Defect by words
Instructor: Fee: $1795
James Masiak
2 CEUs
URL:
sae.org/learn/content/c0828/
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3 ways to get a no-obligation price quote to deliver a course to your company: Call SAE Corporate Learning at +1.724.772.8529 | Fill out the online quote request at sae.org/corplearning | Email us at corplearn@sae.org
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