CRD presentation will be done online from 20 to 25 March 2023 for which registrations of time slot will be done on 10 March 2023.

Event Objective- The objectives of the Cost for Manufacturing Event are:

• To teach the participants that cost and budget are significant factors that must be considered in any engineering exercise.
• For teams to make trade off decisions between content and cost based on the performance advantage of each part and assembly.
• To gain experience with creating and maintaining a Bill of Material (BOM).
• For the participants to learn and understand the principles of Design for Manufacture and Assembly, lean manufacturing and Minimum Constraint Design.

Rules Objective The objectives of the Cost and Manufacturing Event rules are:

• To provide a logical, simple and time efficient rule set enabling students to achieve the event’s objectives.
• To improve fairness by providing consistent pricing guidelines independent of team geographical location by using standardized Cost Tables.
• To require the minimal burden of supporting documentation such as receipts or catalog pages. However, in order to convey design information to cost judges engineering documentation (drawings, process descriptions, etc.) are required.

Event Requirements This event is comprised of three (3) parts

Part 1 "Cost Report" - The preparation and submission of a report (the "Cost Report"), which is to be submitted.

Part 2 "Discussion" - A discussions at the Competition with the Cost Judges. This evaluates not only the cost of the kart, but also the team’s ability to prepare accurate engineering and manufacturing cost estimates.

Part 3 "Real Case" - A "real case" scenario where students will have to respond to a challenge related to cost or manufacturing of the student vehicle.

General Requirements- The CRD Presentation must:

1. Prepare a PowerPoint Presentation to explain the CRD.
2. List and cost every part on the prototype vehicle in the CRD (Cost Tables). However, presentation can have limited number of components which team wish to explain.
3. Be based on the estimated and precise costs of materials, fabrication, purchased parts, and assembly of the kart.

The costs must be calculated as defined in these rules:

1. Be based on the actual manufacturing technique used on the prototype.
2. Include tooling (e.g. welding jigs, molds, patterns and dies) for processes requiring it.
3. Exclude R & D and capital expenditures (e.g. plant, machinery, hand tools and power tools). There is no maximum cost. Receipts are not required for any items.

The Cost Tables have been designed to:

• Be verifiable at the event. Differentiating between different types of materials (for example different alloys of steel) is not possible so no differentiation is made in the table cost.
• Minimize influence on safety equipment content. For example, driver harnesses are cost independent of the style chosen.
• Higher costs of some goods must reflect actually higher value of those goods. However, the costs must still allow for team innovation and vehicle content, with some reduction in cost score.

Evaluation Process– Every team will be given a time period of 35 minutes for the evaluation that involves the questionnaire round and feedback as well.

• Setup Time: 2 Minutes
• Presentation Time: 13 Minutes
• Questionnaire Round: 15 Minutes
• Feedback: 5 Minutes
• The number of slides or the contents is not limited but care should be taken for the time restriction.

Presentation will be done on Google Meet and every session will be recorded.

No of Members– Minimum 2 and maximum 5 members can present the Cost while 5 (maximum) other members can join to learn and prepare for the forthcoming events.

Presentation Contents– The teams must address following keywords in their presentation, however, the presentation should not be limited to these points only. Teams must cover every aspect of Cost Report Documents suitable for the provided time:

• Cost calculation methods
• Costed Bill of Materials of any component/assembly manufactured in-house
• Initial Budget projections
• Financial and Production Risk Management
• Comparison of costs in prototype and mass production
• Estimation of man hours in prototype manufacturing
• Make or buy decisions
• Lean manufacturing

Printed Reports- Not Required.

Reference- Click Here To View.