Feasibility analysis as an all-encompassing method is essential for the value creation process and determines the optimum output/input ratio of our development and production services.
As product realizers, we continuously keep an eye on overall economic value creation and sustainable value creation in all our internal production processes.
We focus on collaborative value creation
- We carry out our feasibility analyses in small interdisciplinary teams from our development and production departments on a project-related basis.
- If required, we also involve external stakeholders in the analysis.
- Through a close and constructive exchange with customers, suppliers and partner companies, we achieve an integrative added value that leads to considerable improvements and effective increases in the value of the objects processed in this way.
As a customer-specific product realizer, we manufacture numerous production items along the entire value chain.
We also use certified suppliers with prefabricated materials and components for cost-effective and flexible production in PCB assembly, cable assembly and control cabinet and device construction.
Conclusion
Economic added value through feasibility studies
Feasibility analyses are essential for our value creation at Lacon electronic. We ensure efficient development and production processes through collaborative teams and external integration. The gross value added calculation shows our economic efficiency. Targeted feasibility analyses enable technical developments, save time, increase employee motivation and lead to significant quality and cost benefits.
A feasibility analysis is a systematic investigation that is carried out to assess the feasibility of a project, plan or idea. It serves to examine the technical, economic, legal and time-related aspects and to determine whether the planned project is feasible.
In a feasibility study, various factors are usually analyzed, including
- Technical feasibility: Can the project be implemented technically? Are suitable technologies and resources available?
- Economic feasibility: Is the project financially viable? Are the expected costs and investments justified by the expected profits?
- Time feasibility: Can the project be completed within the specified time frame?
- Organizational feasibility: Are the organizational structures and processes suitable for successfully implementing the project?
- Market analysis: Is there a demand for the planned product or service? What is the competitive situation?
The results of the feasibility analysis serve as the basis for decisions on whether the project should be pursued further, adapted or possibly abandoned.
The feasibility analysis usually goes through several steps to ensure a comprehensive assessment of the viability of a project. Here are general steps that can be carried out as part of a feasibility analysis:
- Project definition: Clear definition of the project objectives, scope and requirements.
- Objectives and delimitation: Definition of the objectives of the feasibility analysis and delimitation of the scope of the study.
- Technical feasibility analysis: Checking whether the required technologies are available and whether technical challenges can be overcome.
- Economic feasibility: Evaluation of the financial aspects, including costs, investments, expected profits and profitability.
- Time feasibility: Assessment of whether the project can be completed within the given timeframe.
- Organizational feasibility: Examination of the organizational structures, resources and skills required to implement the project.
- Risk analysis: Identification and evaluation of potential risks and uncertainties in connection with the project.
- Market analysis: Examination of market conditions, competitive situation and potential customer acceptance.
- Legal and regulatory feasibility: Examination of the legal framework and regulatory requirements that may affect the project.
- Summary and recommendations: Summarizing the results of the feasibility analysis and making recommendations as to whether the project should be pursued.
These steps help to carry out a comprehensive feasibility assessment from various perspectives and to make informed decisions for or against the implementation of the project.
What distinguishes us from a pure manufacturing service provider is our ability to not only manufacture physical products, but also to offer added value in the form of ideas, innovations and advice. We see ourselves not only as producers, but also as partners who actively contribute to ensuring that the end product is not only manufactured, but also optimized and improved.
A pure manufacturing service provider may focus on production according to given specifications, while we are also able to get involved in the process of product development and optimization. Our expertise extends beyond manufacturing to ensure that the products produced meet the highest quality standards and satisfy customer needs.
In short, we offer not only manufacturing, but also know-how, collaboration and innovation opportunities to ensure that the products we make are not only well made, but also successful in the marketplace.
Embedded systems are specialized computer systems that are embedded in other products or systems to perform specific control or regulation tasks. Unlike conventional computers, which are designed for a variety of applications, embedded systems are designed to perform a specific function or a limited number of functions. They can be found in devices such as household appliances, cars, medical devices, industrial controls, cell phones and many other everyday products.
Embedded systems consist of a combination of hardware and software that are closely interlinked. The hardware components are usually tailored to the specific requirements of the system in question, while the software is developed to interact optimally with the hardware.
These systems often operate in real time, which means that they have to process information in a predefined period of time. Due to their integration with other products, they are often designed to be energy efficient and take up little space.
Value creation in a company or the value creation of a company, whether direct or indirect, is achieved through productive activity. Existing goods become goods with a higher monetary value. Both the value added in production and the value added in a service company must always be generated or increased.
Entrepreneurial or operational value creation, especially in supply chain management, can be generated from the company's activities and its employees.
Market value (goods produced) minus costs (of goods and necessary materials from other producers)
The macroeconomic value added can be derived from the sum of all amounts generated by all associated economic sectors.
