MULTIFUNCTION TRAVELLER TUMBLER
Transcript of MULTIFUNCTION TRAVELLER TUMBLER
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FACULTY OF CHEMICAL ENGINEERING
PRODUCT PROTOTYPE : MULTIFUNCTION TRAVELLER TUMBLER
PROGRAMME
BACHELOR OF CHEMICAL AND PROCESS ENGINEERING
(EH 221)
GROUP
EH 221 5A
PREPARED FOR :
MADAM ZANARIAH BINTI ZAINAL ABIDIN
PREPARED BY:
NAME MATRIC NO.
Muhamad Hazim Bin Zaaba 2012636082
Saiful Bahri Bin Liman 2012804736Nurul Syazmin Binti Che Johari 2012489742
Nur Maisarah Binti Johari 2012698082
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Contents
Contents ...............................................................................................................................................................2
1.0 EXECUTIVE SUMMARY ...................................................................................................................................3
2.0 PRODUCT DESCRIPTION .................................................................................................................................4
2.1 APPLICATION OF THE PRODUCT ................................................................................................................5
2.2 UNIQUE FEATURES OF PRODUCT .............................................................................................................5
2.3 PRODUCT DEVELOPMENT ..........................................................................................................................5
3.0 TECHNOLOGY DESCRIPTION ..........................................................................................................................7
3.1 TUMBLER ....................................................................................................................................................8
3.2 POWER BANK .............................................................................................................................................9
3.3 LED BULB ................................................................................................................................................. 10
3.4 LED PANEL ............................................................................................................................................... 11
4.0 MARKET RESEARCH AND ANALALYSIS ....................................................................................................... 12
4.1 CUSTOMER ............................................................................................................................................. 12
4.2 MARKET SIZE ........................................................................................................................................... 12
4.3 COMPETITORS ......................................................................................................................................... 13
4.4 MARKET SHARE ....................................................................................................................................... 15
4.5 MARKETING STRATEGIES ........................................................................................................................ 16
4.5.1 PRODUCT OR SERVICE STRATEGY .................................................................................................... 16
4.5.2 PRICING STRATEGY ........................................................................................................................... 16
4.5.3 PLACE OR DISTRIBUTION STRATEGY ................................................................................................ 16
4.5.4 PROMOTION STRATEGIES ................................................................................................................ 17
5.0 MANAGEMENT TEAM ................................................................................................................................. 18
5.1 MANAGEMENT SUMMARY .................................................................................................................... 18
5.2 ORGANIZATION CHART ........................................................................................................................... 19
5.3 KEY MANAGEMENT PERSONNEL ............................................................................................................ 20
5.4 MANAGEMENT COMPENSATION AND OWNERSHIP .............................................................................. 24
5.5 SUPPORTING PROFESSIONAL ADVISORS AND SERVICES ........................................................................ 24
FINANCIAL PLAN................................................................................................................................................ 26
6.1 START-UP COST ....................................................................................................................................... 26
6.2 WORKING CAPITAL .................................................................................................................................. 27
6.3 START-UP CAPITAL AND FINANCING ...................................................................................................... 28
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6.4 INCOME STATEMENT .............................................................................................................................. 28
6.5 BALANCE SHEET ...................................................................................................................................... 31
7.0 PROJECT MILESTONE .................................................................................................................................. 32
8.0 CONCLUSION .............................................................................................................................................. 33
1.0 EXECUTIVE SUMMARY
1.0 Outdoor recreation or outdoor activity is leisure pursuits engaged in the outdoors, often
in natural or semi-natural settings out of town. People involves in this activity may also
be pursued for the purposes of finding peace in nature, enjoying life, and relaxing.
People surely just want to select a few important items only leaving behind any big or
less significant matter. For example, if you are going on a camping trip, you necessitate
whether to get a flashlight, power bank or a tumbler together with you since you desire
to conserve the bag space for other particulars. By learning the advantages toward this
situation, our team, Youth Tech wants to create MULTIFUNCTION TRAVELLER
TUMBLERS with special characteristics. The tumbler is designed with the newest
technology invention that includes flash light, heat detector and power bank.
1.1 The objective market is concentrating for a traveller and adult that enjoying going for
outside activities. This product also can be utilized for a student as this multifunction
tumbler has a broad variety of uses.
1.2 By receiving this product, customers will save a great deal of space and enjoy many
parts at one time, which is power bank, flash light and tumbler. We think this product
delivers the possibility to acquire the customer’s heart by providing the best quality,
multipurpose tumbler that could save space and money with an affordable cost.
1.3 We believe that this product will win consumer heart because it is very unique in its
design, innovation and applications. This is the first to appear in market and we believe
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our product is profitable and will be rapidly sold in Malaysia, also burst
out to the international market.
1.4 Our management team is comprised of people who recognize teamwork as the best
way to achieve goals, bright vision to carry our business forward, physically and
mentally tough and able to work under pressure in any condition.
2.0 PRODUCT DESCRIPTION
This product is designed and built to exacting standards in order to enhance and
endure your life's many experiences. The product that our company produced is
multifunction tumbler. What is the normal expectation about other tumbler that sold in
market? Tumbler is supposedly functions as to keep the beverages inside it whether cold
or hot. That is the normal function of tumbler. But our company is produced the
multifunction where the tumbler can be used in other ways.
The first function of our tumbler is to keep the beverages inside it hot or cold in
longer term. The material that we produced to keep the water inside the tumbler is stainless
steel 18/8 where it used to insulate the hot and cold beverages and to protect the taste of
beverages. The stainless steel 18/8 is one of the best material that known good as to
prevent the heat loss and gains from surrounding. Besides, our tumbler is installed with
double wall vacuum insulation technology that helps to maintain the temperature of
beverages inside the tumbler.
Next, our product is also having function of torch led light where the torch light
function is installed in our product. The led lamp is installed and supply with the electrical
energy that provided. Moreover, the power bank technology also installed in our tumbler
where it is placed at the bottom of tumbler. The power bank can be used to recharge the
battery of smartphone or other device. More else, it being used as the power supplied for
the torch light that installed at the lid of the tumbler.
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2.1 APPLICATION OF THE PRODUCT
The application of the tumbler is it has great insulation to keep the beverages inside
the tumbler cold and hot for a longer time. Moreover, the tumbler is installed with the led
lamp where it function of torch light at the switch is open. Besides, the power bank installed
at the bottom of tumbler where it can be the power supply of smartphone or devices. The
power bank can be rechargeable and being used as power supply of the torch led light of
tumbler.
2.2 UNIQUE FEATURES OF PRODUCT
For common tumbler in the market is mostly used to keep the temperature of water
inside them. But now, our company has a new great idea of multifunction tumbler which
has more function in our product. Our product is installed with the torch led light. It can be
used during the dark when having the outdoor activity. The power bank technology is
installed at the bottom of tumbler where it being the power supply for torch light and used
as the function of power where it act as power supply to recharge the battery of
smartphone and device through the USB connection provided. The bottom part of tumbler
is detectable and undetectable where it can be removed to make it lighter or when the torch
light in not being used.
Our product is about the combination of technology. Mostly in market the power bankand the torch led light is being sold separately. Our product is more economic where it
having a lot of function in tumbler. The technology and material used is different from the
one that being selling in the market. The application and the function of our tumbler is
different from the function of tumbler that selling in market. Our tumbler is creating a new
technology of tumbler as it having the multitasking that makes it different from the tumbler
in market.
2.3 PRODUCT DEVELOPMENTThe development of the product will take about 4 month and will be tested before
delivering it into the market. Our product is designed by our Research and Development
Engineer team. By using the concept of merging, the power bank and the torch light is
combines with tumbler. The torch light is attached at the top of tumbler where it placed at
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lid of tumbler. The wiring of torch light to power supply is manufactured
manually by our worker.
For the power bank it is placed at the bottom of our tumbler where it can detectable
and undetectable when it is not used. The size and the shape of power bank are suitable
with tumbler where it is taken from our supplier. The power bank is inserted at the bottom of
tumbler but the design is created by our designer group to make it compatible with our
tumbler. All the safety for user of our tumbler is being considerate therefore the tumbler is
safe to use. All the consideration is takes as first priority to design this product by our
designer team.
Next, they need to join the parts together and at the same time conduct few
inspections on the product if there are any defects occur during the process. Then, the
product will be sent to the market place and undergo some promotion within the first month
in order for users to familiarize about the new stylish of tumbler. All of the cost which
includes the start-up cost, development and testing cost will be explained further in the
financial section. This entire product is then will be distributed or sell to the customers
either to a big company, small company or the customer itself.
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3.0 TECHNOLOGY DESCRIPTION
LED BULB
SWITCH
FLIP CARRY HANDLE
LED HEAT DETECTOR
POWER BANK
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3.1 TUMBLER
Description
The tumbler is the main component of the prototype. This tumbler has vacuum insulation
for maximum temperature retention. It makes from durable stainless steel for interior and
exterior. Locking flip- top lid with one hand push button operation is available and
adjustable carry handle. The tumbler potrays ergonomic design and multicolor.
Specifications
Capacity: 18 oz
Dimensions: 2.93" W x 2.93" D x 10.13" H
Target supplier
Genuine THERMOS brand. (2014).
http://www.thermos.com/products/beyond-vacuum-insulated-
magenta-hydration-bottle.aspx
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3.2 POWER BANK
Description
This power bank is detachable from tumbler. It has a unique design as all in one power and
USB cable. Highly portable power bank making it easy to store and carry around. This fast
charging power bank with 20000mAh capacity which needs only 7 hours of recharge. It
has intelligent circuit to control the over-charge, over-discharge and overload especially
adding overheat protection.
Specifications
Battery Capacity: 20 000mAh
Product Specification: 2.9” W, 2.9” D , 3”
Working Temperature: 10℃—45℃
Output Voltage: DC5V
Output Current: 1800mA
Input Current: 2100mA
Input Voltage: DC5V
Conversion Rate: 85%+
Target supplier
M3Shoppe (Asia) Sdn. Bhd. (2102)
http://www.m3shoppe.my/help/help_getHelpFront.ehtml?hid=3
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3.3 LED BULB
Description
The cap of bottle will be modify to place 3 Watt High Power Cool White LED flange base
PR2 flashlight bulb as torchlight . Wide voltage range of the bulb will operate from
3.5~9VDC, 140~750mA. It has 180 lumen with wide 110 degree beam pattern. Bottom
contact must be connected to positive.
Specifications
base P13.5S Beam angle 110 angle
Emitting color white CCT/ Wavelength 5500K
LED Amount 1 LED Lumen 180 Lumen
Polarity Sensitive Yes Standards and
certification
CE/FCC/ROHS
Complaint
Total power
consumption
3 watt type Flange base
Target supplier
Superbrightleds.com. (2011). https://www.superbrightleds.com/moreinfo/b-series/3-watt-
flashlight-bulb-pr2-3whp-x/638/
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3.4 LED PANEL
Description
The LED panel is used to shows the sign of hotness of the water in the tumbler. The are 3
color of it; red for hot, purple for normal temperature and blue for cold.
Specifications
Pixel Pitch: 7.62 mm
Pixel resolution: 64 dots(W)*16dots(H)Pixel configuration: Red &Blue
LED Wavelength:R: λ( 625-630 nm )
Brightness:>700 CD/M2
Drive Mode: 1/16 scan
Unit Voltage: DC 5V
Module power:<24W
Best viewing distance: 8m
Life span: 100, 000 hours
Modules Size(mm): 488 x 122mm
LED Display Module Interface (Linsn 08)
Target supplier
Ledsign.ebay. http://feedback.ebay.com/ws/eBayISAPI.dll?ViewFeedback2&userid=led-
sign&&_trksid=p2047675.l2560&rt=nc&iid=190816641825&sspagename=VIP:feedback&fta
b=FeedbackAsSeller
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4.0 MARKET RESEARCH AND ANALALYSIS
Market analysis is the study of attractiveness and the dynamics of a special market within a
special industry. Market analysis develops an effective plan based on customers’ needs
and nature. Market research is the process of gathering, analysing and interpreting
information about a market, product or service to be offered. This is very important
component in business venture and it is one of the key factors to get advantages over
competitors.
4.1 CUSTOMER
Our target customer are mainly among youngsters especially university students. Power
bank are nowadays becoming so popular among youngsters as they are all having gadgets
and really need sources of power for their entire gadget. Thus we come with the
combination of power bank, a thermos as well as a torchlight which we see as the
combination of all essential things for youngsters when they go traveling. These
multipurpose thermo can be easily get in any electrical store around the country such as
Seng Heng, Harvie Norman ,Courts and any other popular store.
4.2 MARKET SIZE
According to the “ indexmundi.com ”website ,the latest populations of Malaysian is around
30,073,353 which being reported on July 2014 ago. Whereas the number of youngster in
the range of 15 to 25 years old is about 2,580,486 for male and 2,511,579 for female as
the total of both gender we round off the total value to 5.1 million people which is almost
17% of total Malaysia population.
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4.3 COMPETITORS
In the market, they are various of thermos that being sold around the country.however ,
among all the thermos there is none of them that are having multi purpose function
compare to our product. Most of the the competitors only selling the thermos without having
the function of can be a torchlight, having a powerbank that detachable when are not
needed. We do make compare to well known brands like Thermos and ZOJIRUSHI ,yet
there is none of their product that satisfy the needed of the customers like we do.
COMPETITORS STRENGTHS WEAKNESSES
Can go for
travelling
Usb power supply
Stirring mechanism
Reasonable price
for an electronic
appliance
One limited colour
Need power
source
Not ergonomic
No holder
Stainless steel
Easy to travel
Reasonable price
Eco- friendly
materials
One limited colour
Ordinary thermos
characteristic
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Various colours
Stainless steel
Ergonomic size
Dismantle easily to
wash
Price quite
expensive
No holder
Low capacity to full
up water
Above are all the products that our company might think that quite competitive to our “
Onaise Thermo “ thermos . Referring to the differences table that being generated above ,
we able to study the weakness of these product which are not satisfy with the needed of
customers. Some of the products are only came in one colour and others do come in
variety colours yet the colours are not interesting and catchy enough. these sample
products are madely bulky and plus not having any holder which might hard for the
customer to hold the thermos when travelling .in fact the non-ergonomic structure of the
thermos make the product not reasonable enough to be bought.One product do have some
outstanding technology with having a usb panel for the thermos to electronically stirred .
some of the products might have limited warranty of time which is in the range of 1 to 3
month.
Hence ,to make the solusion for all the weakness of the recent products ,we came with the
idea of having a themos with having a power bank, as well a medium size torchlight being
put on the top of the thermos. We taking all the weakness between those products and we
make it as our strength in making a themos that fulfill the needed of the customers
nowdays. we choose the finest material from the Thermos company that came with various
of striking colours which can persuade customers which is specificly the youngsters who
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love different in their belongings. Enough size and capacity would be our
main concerns in order for the customers buying a big enough themos which can store
more water as their baverages.As for the power bank that can be easily detachable when
not needed on the bottom of the thermos, we do offer different range of mAh which are
sold in different value of money in the range of RM120.00 to RM150.00 . The additional of
torch light would be a great advantage for the customers especially for those who are love
on camping ,they might use this as the basis need when attending any of university
activites or camps.
In order to get customers attention to buy our product we do make special offer to student
in which they can reach to buy this thermos in any shop within the Shah Alam city since it is
near to out headquartes.We do offer student price as the catalyst for them to pick this as
their choice and would recommended this product to all their friends as well.
4.4 MARKET SHARE
From the total 5.1 million of market size, our company made a few assumptions:
Assumption 1
80 % of 5.1 million youngsters are heavy user of theirs gadgets.
5.1 million youngsters x 80% = 4.1 million youngsters
Assumption 2
Only 1% will be interested in choosing our product as their needed.
4.1 millions youngsters x 1% = 41,000 youngsters
Selling price = RM 100.00 + 20% ( Mark-up cost)
= RM100.00 + RM20.00
=RM120.00
=RM4,920,000.00
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From above calculation ,there is potential meet if our product being sold
widely across the country.
4.5 MARKETING STRATEGIES
4.5.1 PRODUCT OR SERVICE STRATEGY
Brand : Onaise Thermo
Quality :
Design : various colours that interesting
: high quality material that with stand high temperature and toughness
Packaging : recycled paper box
4.5.2 PRICING STRATEGY
Standard normal price in the range of RM 120.00 and above
Premium price of RM150.00 for higher mAh of power supply and bigger capacity of
water
4.5.3 PLACE OR DISTRIBUTION STRATEGY
Our office and small factory are located in Shah Alam for the ease of product distribution as
we are located in the middle of residential and universities area. We are supplying our
product throught 3 channels :
Direct To Customers : Especially the university student.
Selling to the local retailers
Selling to the wholesalers : Mainly located outside Shah Alam area to distribute our
product locally.
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4.5.4 PROMOTION STRATEGIES
Advertising will be posted on the electronic mass media such example in Facebook page ,
Instagram, as well on our own official website. We choose to make JV with fastfood
restaurant like Kentucky Fried Chicken to promote our products as the merchandise for the
monthly promotion of the restaurant. Other common ways are like signage on bus and
taxis, fliers and brochures. Not to forget promotion through radio and television will also be
done to increase our product popularity.
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5.0 MANAGEMENT TEAM
5.1 MANAGEMENT SUMMARY
Our management team is comprised of people who recognize teamwork as the best way to
achieve goals, bright vision to carry our business forward, physically and mentally tough
and able to work under pressure in any condition. Part-time positions staffing the customer
support and service desk will be recruited as needed and reporting to the Operation
Manager.
Key Management
RolesName
General Manager Muhamad Hazim Bin Zaaba
Operation Manager Saiful Bahri Bin Liman
Marketing Manager Nurul Syazmin Binti Che Johari
Financial Manager Nur Maisarah Binti Johari
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GENERAL
MANAGERMUHAMAD HAZIM BIN ZAABA
OPERATION
MANAGERSAIFUL BAHRI BIN
LIMAN
MARKETING
MANAGERNURUL SYAZMIN BT
CHE JOHARI
FINANCIAL
MANAGERNUR MAISARAH
BINTI JOHARI
5.2 ORGANIZATION CHART
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5.3 KEY MANAGEMENT PERSONNEL
Name and Positions Duties and Responsibilities
General Manager
(MUHAMAD HAZIM BIN
ZAABA)
Career Highlights
Keeps directs and coordinates the
operations of a department in a
company.
Obtains profit contribution by managing
staff; establishing and accomplishing
business objectives.
Duties and Responsibilities
Increases management's effectiveness
by recruiting, selecting, orienting,
training, coaching, counselling, and
disciplining managers.
Develops strategic plan by studying
technological and financial
opportunities, presenting assumptions,
recommending objectives.
Maintains quality service by
establishing and enforcing organization
standards.
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Operations Manager
(SAIFUL BAHRI BIN LIMAN)
Career Highlights
Responsible for a number of tasks in
retail stores, including the supervision
of staff, managing projects, working
with clients and solving various
problems that arise.
Duties and Responsibilities
Manage and direct operations team toachieve business targets.
Assist in developing operating and
capital budgets.
Maintain accurate and clear
documentation for operational
procedures and activities.
Assist in developing or updating
standard operating procedures for all
business operational activities.
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Marketing Manager
(NURUL SYAZMIN BINTI CHE
JOHARI)
Career Highlights
Estimate demand for and identifies
markets for the company or
organization products and services.
Duties and Responsibilities
Instilling a marketing led ethos
throughout the business Researching and reporting on external
opportunities
Understanding current and potential
customers
Managing the customer journey
(customer relationship management)
Developing the marketing strategy and
plan
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Financial Manager
(NUR MAISARAH BINTI
JOHARI)
Career Highlights
Aiding business planning and decision-
making tasks by providing appropriate
financial advice and undertaking
related accounts administration.
Duties and Responsibilities
Collating, preparing and interpretingreports, budgets, accounts,
commentaries and financial statements
Undertaking strategic analysis and
assisting with strategic planning
Producing long-term business plans
Undertaking research into pricing,
competitors and factors affecting
performance
Controlling income, cash flow and
expenditure
Managing budgets
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5.4 MANAGEMENT COMPENSATION AND OWNERSHIP
Name and PositionsMonthly
Salary
Share of
ownership
Amount of Equity
Invested
General Manager
(Muhamad Hazim bin Zaaba)RM 5,000 RM 200, 000 27.77%
Operation Manager
(Saiful Bahri bin Liman)RM 3,500 RM 180, 000 25.00%
Marketing Manager
(Nurul Syazmin bt Che
Johari)
RM 3,500 RM 180, 000 25.00%
Financial Manager
(Nur Maisarah bt Johari)RM 3,500 RM 160, 000 22.22%
Total RM19, 000 RM 720, 000 100%
Sample calculation:
5.5 SUPPORTING PROFESSIONAL ADVISORS AND SERVICES
Our company will hire advisor to handle things that out of the organizations expertise.
They are the law consultant services. The roles for law consultant department are:
To advise company on any rules that need to be followed
To handle and prepare document regarding contract of the workers, banking
services and finance services
To represent company in any court cases in case of any problem
To research about the different legal rules that the firm must follow
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Finance consultant
Helps to give financial advice on loss and profit of the company
Manage the banking-related matter.
Develops financial strategies for the company and clients regarding client’s
share in the market.
Name of Professional
Advisors
Services Provided
YCS Management &
Consulting Services
It is a professional management consultancy
with a team of qualified and dedicated
professionals offering comprehensive one
stop quality services including accounting,
bookkeeping, payroll, auditing, Goods and
Services Tax (GST), income tax, corporate
secretarial services, incorporation,
liquidation, business consulting & advisory
services and administration services for
established and emergent corporate entities
ranging from listed companies, MNCs to
small and medium enterprises.
Adajaya Professional
advertising consultant
Leading professional advertising
consultancy services that provide an
immense opportunity to embark with us,
serving with professional advertising
consultancy and advice to reach goal and
objective in business.
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FINANCIAL PLAN
6.1 START-UP COST
A. START-UP COSTS RM
Capital Expenditure :Administrative
Land &building 5000
Business fixtures and equipment 3000
Office renovation 2000
Moto vehicles 10,000
Capital Expenditure :
Operations
Machinery 35,000
Factory renovation 5,000
One-Time Start-Up Expenditure
Installation of fixtures/ equipment 10000Starting inventory cost 2000
Office supplies 5000
Legal and professional fees 3500
Advertising for opening 500
Other Pre-Operations
Expenditure
Deposit (rent, utilities, etc.) 10,000
Business Registration & Licences 300
Insurance & Road Tax for Motor
Vehicle
2000
Other Expenditure 5000
Start-Up Costs 98,300
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6.2 WORKING CAPITAL
WORKING CAPITAL
(MONTHLY)
RM FIXED VARIABLE
Marketing -
Delivery expenses - - -
Advertising 500 - -
Salesmen commission - - -
- -
- -
Administrative - -
Salaries and Wages - - -
Rent 3500 - -
Utilities 1750 - -
Office Supplies 1500 - -
Insurance - - -
Office Maintenance - - -
- -
Operation - -
Salaries & Wages 15,000 - -
Factory Maintenance - - -
Purchases 20,000 - -
- -
- -
Other Expenditure 800 - -
- -
- -
- -
Total Working Capital 43,050 - -
Total Working Capital
Required
1 month 0
Working Capital +
Contingencies
5 % 0
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6.3 START-UP CAPITAL AND FINANCING
Each board member is doing personal loan and provides RM 50,000 for the
company at the initial stages as our capital.
ESTIMATED START-UP
CAPITAL
98,300
6.4 INCOME STATEMENT
FINANCING
Equity : Share & Venture
Capital
50,000
Loan 200,000
Annual
Interest Rate
6%
Loan
Duration (Years)
10
PRODUCTION COST PRO-FORMA
STATEMENT YEAR 1
Raw Material
Opening Stock
Current Year Purchases
Ending Stock
Raw Materials Used
Carriage Inward
Labour (Salaries, EPF & SOCSO)
Factory Overhead
Depreciation of Fixed Assets
(Operation)
Total Factory Overhead
20,000
88,560
47,060
0155,620
11,600
45,780
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Production Cost 213,000
PRO-FORMA INCOME
YEAR 1
Sales
Less: Cost Of Sales
Opening Stock Of Finishing Goods
Production Cost
Less : Ending Stock Of Finished
Goods
496,045
213,000
213,000
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Gross Profit
Less Expenditure
Administrative Expenditure
Marketing Expenditure
Other Expenditure
Business Registration & Licences
Insurance & Road Tax for Motor
Vehicle
Other Pre-Operations Expenditure
Interest on Loan
Depreciation of Fixed Assets
(Administrative)
283,045
149,400
45,780
5000
300
2,000
800
5,280
11,600
Total Expenditure 220,160
Net Profit Before Tax 62,885
Tax 0
Net Profit After Tax 62,885
Accumulated Net Profit 62,885
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6.5 BALANCE SHEET
PRO-FORMA BALANCE SHEET
YEAR 1
ASSETS
Fixed Assets (Book Value)
Land & Building
Equipment
Current Assets
Inventory Of Raw Materials
Inventory Of Finished
Goods
Cash Balance
Other Assets
Deposit
5000
34,000
39,000
89,147
89,147
10,000
TOTAL ASSETS 133,147
Equity
Share Capital
Retained Earnings
Liabilities
Loan Balance
10,392
62,885
73,277
79,205
79,205
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TOTAL EQUITY &
LIABILITIES
152,482
7.0 PROJECT MILESTONE
Progress Month 1 2 3 4 5
weeks 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4
Discussion about
new product
Seeking of
information
related to the
product
Identify the
posibble target
market
Identify
components
required
Completion of
prototype
Testing of
prototype at side
Final completion
of prototype
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8.0 CONCLUSION
In conclusion, Multifunction Traveller Tumbler is the new hit of tumbler in the
market as it consists of power bank, mentol as torchlight and LED lights panel to
show the sign of hotness. When the product is stacked up, it can be a decorative
tumbler that come out with multicolor of magenta,blue and orange. The detachable
power bank technology also installed in our tumbler where it is placed at the bottom
of tumbler. The power bank can be used to recharge the battery of smartphone or
other devices. More else, it being used as the power supplied for the torch light that
installed at the lid of the tumbler. In our observation, sometimes the cost for a
different tumbler, power bank and torchlight are expensive and it is not convenient to
bring all that in one time. Therefore, this multifunction traveller tumbler is reasonable
to buy. We can say our product is the next in-thing to be bought by any stage of
people that love to do outdoor activities. Regardless of their status the market study
which indicated good respond from the target market. The team of Young Tech will
purchase the project and will apply for a grant of RM 100K from Multimedia
Development Corporation (MDeC). It is because the team is confident of market
acceptance to the innovation.
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