The term of Computer Assisted Manufacturing (CAM) is widely used due to the integration of CAD and Computer Aided Design (CAD) to produce parts .In addition, the concept of Computer Integrated Manufacturing (CIM) has been introduced to describe the application of the computer technology in the manufacturing world which is in the form of a database. This can be accomplished in many ways. The European Union aims to harmonize the industrial processes of member countries to ensure equal access to the single market. As the world’s largest trading block, the EU countries are trying to be effective players in the global economy. One of the main reasons for this effort is to ensure an efficient and transparent working environment for the Member States to compete with each other for world markets. This will be achieved by engaging in joint efforts. Computer integrated manufacturing (CIM) is the concept of the EU which aims to achieve the above objectives by using integrated technologies for the manufacture of products and components. This will be possible by using the CIM concept in the process of the manufacture of products and components to produce data, process and communication data and create functionality. The purpose of this is to improve the competitiveness of European industry .
The manufacturing systems and manufacturing processes need massive data, the key requirement of which is a database because when this database is not complete, the systems can not be properly synchronized . CAD systems and the methods of working in the CAD systems need a high level of integration with automatic code generation and automatic functional testing. The common goal of all the CAD systems is to integrate these processes with the three-dimensional model of the geometrical and non-geometrical information and convert it into a suitable file format that can be used for the manufacturing process (either directly or indirectly by using the CAM system).
Peer Group Questions – Think about the size of the private equity firm and the industry you are applying to. How did the firm decide to go with that size? Can you think of a situation where a firm would consider a different size? What kind of questions would you ask to determine whether a particular size or industry is right for you?
To decide which one should you opt for, one needs to look at the business as a whole. Doing so will give a better understanding of how the business functions, how profitable it is, how the management team is doing and what problems it might face in the future. It also helps to determine if there are any other reasons as to why you should or shouldn’t be interested in the company. Companies with a higher ROE are considered more attractive as well as have a higher Return on invested capital (ROIC). This helps determine if you need to invest in the company. 827ec27edc