The Role and Application of Technologies in Business Organizations

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The Role and Application of Technologies in Business Organizations

Introduction

Companies across the world are relying on technology more than before to gain competitive advantage. Through the application of appropriate tools and techniques, businesses have achieved innovation, driven their strategy and experienced growth. In the present age, technology has become an indispensable and central part of almost all industries. Without it, many businesses would cease to survive. This report discusses the application of technologies in business operations in the areas of design and product manufacturing. Additionally, the paper will investigate the role that applied technologies have played in the industry in terms of enhancing speed and quality. To achieve this, the selected industry will be analyzed in terms of its overall effectiveness and performance obtained through the use of technology. The paper will investigate ways in which decisions about technology investments are arrived at based on volume and variety requirements to strike a balance between flexibility and cost in the manufacturing industry. It concludes by discussing the challenges that organizations face when adopting new technologies.

Application of Technology in Design and Development of Product-the Role and Application of Technologies in Business Organizations

Businesses in the manufacturing industry have been forced to implement newer strategies to attain growth and regain their market leadership positions as a result of the impact of globalization. Over the years, it has become critical for these enterprises to apply new technologies to cope with the problem of an aging workforce. Computer-aided design (CAD) and computer-aided engineering (CAE) are some of the technologies that are widely used in the design and manufacturing of products. During the design process, CAD forms the foundation of generative design (Saraçoğlu, Saraçoğlu, and Gözlü 2006). Combined with knowledge-based engineering; this technology makes it possible to achieve hand-off performance. The result is a complete design process that is characterized by little human involvement.

Manufacturing companies are using computer-aided tools to facilitate design innovations during product development cycle. The technology makes it possible to carry out the simulation, which forms an integral part of the cycle. Various computer-aided technologies including CAD, CAE, and CAPP have provided a solution to the problems experienced when using the traditional build-test-redesign approach (Pandey,  Sharma, and Tomar 2016). By using the computer-aided tool, businesses in the manufacturing industry now evaluate their designs through simulations and analysis in an early stage when developing a product. As a result, many industries no longer rely on validation tests carried out in the last stages of the development cycle. Furthermore, manufacturing companies no longer depend on physical prototypes. The use of computer-aided tools in design has therefore assisted them to minimize cost and shorten the overall process of developing a product.The Role and Application of Technologies in Business Organizations

CAD tools are commonly used in design process today. They have replaced the traditional drafting tables and other inefficient machines that were previously used to create engineering drawings (Vishwas and Vinyas 2016). Modern computer-aided design tools are used to generate 3D representations, which are geometric models of products to be manufactured. They assist in the determination of mass properties and keeping of material data. The CAD tools assist engineers to avoid problems later when designing a product. These technologies enable them to incorporate analysis in the early stage of design process. As a result, engineers can explore different design configurations, examine various tradeoffs that are intrinsic to product development, and determine the suitability of materials used and product geometries (Vishwas and Vinyas 2016). The computer-aided engineering, in particular, is used in conceptual design since it facilitates faster changes when correcting poor designs.

Computer Aided Technologies Enhance Speed and Quality in Product Design and Development-the Role and Application of Technologies in Business Organizations

In the manufacturing industry, design innovations are not enough to guarantee a business market success. Companies have to satisfy their clients. Additionally, they have to ensure that their process of designing and developing products becomes efficient to minimize operational costs and serve more customers. Across the world, different manufacturing companies are using computer-based tools such as computer-aided design and computer aided engineering to enhance speed and quality of their production process.

Modern computer-aided tools such as CAD, CAE, and CPP have given companies more control when programming a job resulting in improved quality of the final product. These tools have a Tree Manager that allows a technician to track a give work form the initial stage to the final one. Moreover, it provides higher control capabilities to a designer resulting in a faster production of perfect products.

Various computer-aided tools increase the programming potential of manufacturing companies, resulting in improved efficiency. Businesses that have embraced these technologies have become exposed to possibilities that did not exist before. For instance, firms using computer-aided design combined with manufacturing can efficiently complete complex designing jobs such as 3 Axis machining (Ge, Huang,  Liu, and Zhai 2011). Additionally, these tools have enabled companies to ensure efficiency and quality when managing complex design jobs such as mold work.

Furthermore, the technologies have helped business in the manufacturing sector to improve the quality of their designs by eliminating guesswork. This is because the tools have the automation that is necessary to achieve maximum programming efficiency. Additionally, these tools help to improve speed by eliminating costly mistakes through their powerful simulation features. In the product development cycle, the technologies have been helpful in facilitating innovations in the design resulting in improved quality of the final product (Vishwas and Vinyas 2016). The process of simulation also helps to shorten the time taken to verify a design, thereby enhancing speed.

Technology Investment Decision-the Role and Application of Technologies in Business Organizations

Manufacturing companies make technology investment decisions based on several factors such as volume and variety requirements with the aim of striking balance between flexibility and cost. Given the continuously evolving technology available today and the uncertain market, companies have to make appropriate decisions. Tangible benefits such as payback period and return on investment are considered. The intangible benefits such as the rapid implementation of the technology also influence the decision making. Usually, a detailed analysis is carried out based on both economic and non-economic methods before any investment decisions are made (Saraçoğlu, Saraçoğlu, and Gözlü 2006).

Based on volume and variety requirements, technology investment decisions are influenced by capacity scalability. It refers to the ability to adjust the output of a given technological system used in production based its reconfiguration (Deif and ElMaraghy 2017). Decision makers have to consider the ability of the system to adapt to large production capacity range before choosing to invest in it. Moreover, the technology being invested in has to adapt to the specified range within the shortest time and incur minimal or no cost at all.

For a business to effectively match the unique preferences of customers and increase its market share, the technological system used must have the capacity to offer product variety. Additionally, its ability to respond quickly to changes in production volumes is considered when making technology investment decisions (Deif and ElMaraghy 2017). On the other hand, the system that offers a wide variety of products and exhibits dynamic volume response tend to be costly for industries to acquire.

Moreover, such technologies are likely to impact economies of scale negatively. The incremental market share or production volume results in increased operations that make businesses to incur additional expenses. Therefore increased volume of production or variety does not always guarantee economies of scale in the manufacturing industry. To strike a balance between flexibility and cost, technology investment decisions have to consider optimal stagey to meet product volume and variety requirements.

Challenges in Adopting New Technologies in Business Organization-the Role and Application of Technologies in Business Organizations

For organizations to remain competitive in today’s global economy, they find a way to continuously adapt to the changing business environment and meet the need of their customers. To achieve this, businesses have to make changes to their processes. More importantly, they have to adopt new technologies that would give them a competitive age in the market. Although such changes can benefit business organization immensely, they can also result in numerous challenges that must be managed properly to achieve the desired result.

One of the major challenges faced by organizations when adopting new technologies is winning the acceptance of staff. Usually, employees tend to resist new technologies since they feel intimidated and may prefer to continue working as they have been doing before.

Adoption of new technologies can imply that job responsibilities are going to change. Apart from obtaining additional personnel, training may be required. The failure to train staff adequately is a common challenge that organization experience when introducing the new technologies. In most cases, equipping the employee with the necessary skills to utilize the technology is considered as an expense. As organizations develop cold feet towards it, however, they fail to reap maximum benefits.

Business organizations may find it difficult to implement new technologies because of internal politics. Employees that have certain skills and abilities and as a result hold specific positions may feel threatened by the technological changes being implemented. Adopting of new technologies can also have a negative impact on the relationship. The managers of any organization may also resist the introduction of new technologies if they perceive them as a threat to their work. Additionally, new technologies can have a negative impact on the responsibilities and performance of employees.  Once organizations have acquired a given technology, they face the challenge of adjusting their procedures existing systems to match it. As a result, disruptions become common and the business does not fully benefit from the technology.

Conclusion-the Role and Application of Technologies in Business Organizations

It is evident that computer-aided technologies have become an indispensable and central part of manufacturing industry. In particular, computer aided design (CAD) and computer-aided engineering (CAE) form some of the technologies that are widely used in the design and manufacturing of products. Companies are using these tools to facilitate design innovations during product development cycle. They make it possible to carry out the simulation, which forms an integral part of the cycle. The computer-aided technologies enhance speed and quality in product design and development. They improve speed by eliminating costly mistakes through their powerful simulation features. In the product development cycle, the technologies have been helpful in facilitating innovations in the design resulting in improved quality of the final product. The process of simulation also helps to shorten the time taken to verify a design, thereby enhancing speed. When making technology investment decisions, there is need to conduct a detailed analysis to balance between flexibility and cost. Moreover, businesses have to be ready to address numerous challenges they are likely to face when adopting new technologies. These challenges include resistance from employee and management, equipping the staff with the necessary skills to use the technology, and realigning its internal procedures and systems.

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Reference List

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Ge, Z.H., Huang, W., Liu, W.H. and Zhai, Z.H., 2011. CAD/CAM/CAE for the parallel indexing cam mechanisms. In Applied Mechanics and Materials (Vol. 44, pp. 475-479). Trans Tech Publications.

Pandey, R., Sharma, N. and Tomar, A.S., 2016. A recent role of CAD/CAM in designing, developing and manufacturing in modern manufacturing technologies. Imperial Journal of Interdisciplinary Research, 2(3).

Saraçoğlu, B.Ö., Saraçoğlu, M.B.Ö. and Gözlü, S.G.S., 2006. Investment analysis of the cad/cam/cim/cae/cal technologies in shipbuilding industry shipbuilding industry.

Vishwas, M. and Vinyas, M., 2016. Application of Computer Aided Engineering in Reducing the Product Development Life Cycle. International Journal, 2, pp.19-22.