Philippine E-Journals

The Optimal Solutions: A Proposed Service Provider of Skilled Industrial Engineers

Kristine Angelica Tagpuno | Charlone Lois Gonzales | Marvic Jay Vivo

 

Abstract:

The name of the Enterprise is VGT Solutions which is located at 2nd Street, Meridian Industrial Complex Macabling, Santa Rosa, 4026 Laguna. The project feasibility study focused on providing skilled Industrial Engineers specialized as Process Layout Designer, Capacity Planner and Ergonomist to all companies in need of their services. The proposed firm is also available for consultation to help companies, especially those new in this industry. This project study may help improve the client company’s current system and provide effective analysis to aid in increasing productivity and efficiency. The location of the business was chosen because of its proximity to the potential customers. It is also accessible in terms of transportation and distribution. The VGT Solutions Company will provide the continuous improvement of the process in an organization to contribute better-educated choices and execution of important tasks and enhanced customer experiences. It will assist the client organizations to be more productive and competitive. The proponents had determined the three cities with the highest potential customers which may avail the services of the firm. The normal operation of the plant will start on the twelfth month. In accordance with the study’s conceptualization, eleven months are required for the hiring and training of the personnel. The smooth flow of operation of the firm will begin after a sufficient adjustment period. The mode of financing chosen is partnership. An amount of Php 1,134,004.51 will be equally contributed by the three partners of the business. Php 3,402,013.52 is needed as a capital investment to start the business. Market Feasibility. The business would attain a profit as it provides the designed product that would supply the projected unsatisfied demand through its calculated target market share. Technical Feasibility. The major items of capital cost which involve techniques and processes to be applied serve as the basis for estimating total project cost. Financial Feasibility. The total investment cost for the business is Php 3,402,013.52 allotted for the fixed assets, working capital, operating expenses, and the contingency cost. About 1.22 years is the payback period, whereas 131% is the average return of investment in terms of accounting annually. Management Feasibility. The business will be in the form of partnership where the partners would have an easier control over the entire business and have a better chance to improve the management and the system of the plant. Socio-economic Feasibility. The business will profit the firm as the income could add to its administration. It will also provide benefits to the government, economy and the society. Environmental Feasibility. VGT solution will help the environment by using the appropriate waste transfer and isolation. This incorporates giving enough trash holders and segregation of biodegradable waste from non-biodegradable waste. The trash in the company will be collected by garbage collectors every 3 days or weekly to maintain cleanliness in the surroundings.