Low Impact Manufacturing In Finance And Economy Assignment Sample

Low Impact Manufacturing In Finance And Economy

Introduction - Low Impact Manufacturing In Finance And Economy

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The product lithium-ion batteries are used to make rechargeable products. These are mainly used to recharge the batteries of electric vehicles, laptops and mobile phones. The main aim of the study is to ascertain the circular economy concept in the company as well as in the products. The implementation and expansion of the product with the main factor that is implying the sustainability factor comes first. The sustainability manager of the firm holds the planning of future products and the strategic direction of the business need to be ascertained here. The 10-year strategy plan is also built to showcase the impact of lithium-ion batteries.

1. Description of materials and suitability for the circular economy

Circular economy refers to the market in which the reusable or rechargeable products are exchanged between the purchaser and the reseller. As opined by Ahuja et al. (2020), it provides an incentive to reuse the products instead of destroying or scrambling them into the garbage. In this kind of economy, the products are given back to the market or the developers to use more efficiently in the coming future. This economy includes “all forms of waste, such as clothes, scrap metal and obsolete electronics' '. As per the view of Baars et al. (2021), these wastes are recycled and made for further use with more efficient resources. There are three main principles of the economy that are regenerating, designing and keeping the same quality of the product.

Description of materials used in batteries

In this context lithium-ion batteries, which are used in various electronic substances can be stated as the suitable products for the circular economy. As per the author Babbitt et al. (2021), these kinds of batteries are used to recharge electronic products such as “toys, wireless headphones, handheld power tools, small and large appliances, and electric vehicles''. It is also used to generate electrical energy for storage that should be used in future. In the circular economy, the materials circulate in two parts: bio-cycle and techno-cycle. The materials that are used to make the batteries that can recharge the electrical products are “LiCoO2, LiMn2O4, and Li (NixMnyCoz) O2], vanadium oxides' '. As stated by Bag, S. and Pretorius (2020), the olivines such as LiFePO4 or the lithium oxides is the rechargeable components. These cathode materials are used to make the batteries that can be further regenerated by using the external application of the metallic elements.

Parts of the battery cells

The different ports of battery cells are containers, separators, electrodes, collectors, metal cans, and terminals. As mentioned by Beaudet et al. (2020), these parts are made from metals and iron sleets. These parts are obtained from raw metals and irons. These materials are not renewable and are limited in nature. Therefore the sustainability factor must be adopted in the firm that can reduce the wastage of the scarce material in making the batteries. The company must use renewable energies and renewable natural substances. These resources can be limitedly used in the company manufacturing hub. An anode is stated as the negative part of the battery whereas Cathode is stated as the positive side of the battery. As narrated by Calzolari et al. (2021), both the negative and positive signs must be alternatively placed in the battery section. Moreover, the electrolyte can change its potions and cell will not work accurately.

Electronic circuitry

The electronic circuitry refers to the stirred electrical energy in a large quantity that can passes with the help of light by discharging the electricity. As per the view of Charles et al. (2019), it mainly represents the main system of the battery. The individual electrical components mainly consist of “resistors, transistors, capacitors, inductors and diodes”. All these elements transfer electricity to the main part of the cell and make the battery effective for use. The particles that are exchanged in the cell series estimates are the negative electrons which get charged when they found the scope. This is mainly present in the wire and other components of the electric circuit. As per the author Ciez and Whitacre (2019), the transmission of the electric current is mainly shown in the circuit. Therefore the particles that are made in the contraction of electrons are rare in nature.

Miscellaneous parts

The miscellaneous parts in the lithium-ion batteries are the coolant system, wires, lithium salt, housing, uninterrupted cables and connectors. As stated by Dunn et al. (2021), these parts help the electrical batteries to connect the respective electronic models. For example- the charges are only made to give backup to the mobile phones, the laptop changes can be used in charging the laptop. There is no other use for these models or the changes in their products. Although there are few mobile adaptors that can be used in other phones that have similar models. As mentioned by Geng et al. (2019), the coolant system is the “radiator, consisting of many small tubes equipped with a honeycomb of fins” that is acquired to increasingly radiate heat. The cables and connectors are the simple wires that connect the electric gadgets with the main machine.

All the above parts and connectors are made up of metals, plastic and other non-renewable laments. As per the author Glöser-Chahoud et al. (2021), in order to implement the sustainability factor in the company, the company needs to adopt different strategies to minimize the use of metals, iron sleets and plastics. The “lead-acid and lithium-ion deep-cycle batteries” is the renewable substances that can be used to make the batteries which provide support to the main products or to the electronic gadgets. Otherwise, zinc and potassium can create a huge disadvantage to nature if their usage increases in the coming future. As opined by Ibn-Mohammed et al. (2021), however, there are others from which the electricity is generated such as solar energy, and wind energy. In the context of the batteries, the company can use lead-acid to make the sustainable development aspect of the firm.

2. Description of existing product lifecycle

The exciting batteries' life cycle totally depends on its consumptions. As per the view of Iturrondobeitia et al. (2021), this is because the material and energy flows are linear in nature. Mainly the Lithium-Ion battery works or sty for 2-3 years or 300-500 chargeable cycles. The battery's life span holds for only 2, or 3 years as it is an electronic gadget and has limited expansion and sustainability. In a few cases, the no. of years increased to a great extent or for 4-5 years. Generally, the batteries hold the over for 1.5-2 years maximum. The existing rate is stated on theoretical or practical assumptions and implementations. As stated by Jensen et al. (2020), for a heavily used battery, it can sustain for 3,000-5,000 cycles. The manufacture iof each short and long-term implies the product lifecycle in a shorter way.

Figure 1: the lifecycle of batteries

(Source: Kosmadakis 2021)

The product life cycle begins at the factory where it is manufactured then it gives for testing for the practical results. As per the author Kosmadakis et al. (2021), then it is placed in the shop for sale, and then it is applied on the machine for the electronic gadgets for specific use. There are three stages at which the changes provide support to the products that are “constant Current Pre-charge Mode. The main purpose of the batteries is to provide support to the gadgets and electronic vehicles in case of need (Levänen et al. 2018). The life cycle initially describes the stages of the batteries. 

3. Description of the future industrial system and life cycle stages

Future sustainable industrial system for batteries

The sustainability factor for the battery can be ascertained by its usage or its manufacturing details. As opined by Moore et al. (2020), from the discussion of the above materials, it can be stated that the sustainability factor can make the company more effective in gaining success and competitive factor in a short span of time. The predicted future of the batteries in terms of sustainably and saving the natural elements is good in the near future. For the lithium-ion batteries, the scientist and the makers have predicted that it can create a huge sustainable factor that can be used to get beneficial returns in the near future (Mossali et al. 2020). In the current time, they are evolving other elements to get better relates but the lithium-ion batteries are the most appropriate cells that can be used to recharge the machines and the electric gadgets in a quick span of time.

The battery alliance that is located in the country of Europe states that the action plan is executed to get different variations for the renewable factor for the batteries. As per the view of Schröder and Raes (2021), it can be stated that in near future the cells can be solely capable of generating huge amounts of charged substance without doing any physical movement. Battery architecture implies that the nodes and the positive and negative signs must be implemented in the battery ends. This enables the flow of energy according to the cells that are hugely made for regular use. Secondary batteries must be made for energy storage and generation ways. Primary batteries are made for the phone, vehicles operated with electricity and few toys (N.K et al. (2021). The suitability of the electrodes and electrons must be compromised to get the battery design.

Re-use for the second and third lifecycle

Figure 2: the second lifecycle of batteries

(Source: Schröder and Raes 2021)

The re-use of the batteries implies the sustainability factor. This shows that the chargeable product must be made to reduce the wastage of scarce resources. As per the author Tang et al. (2019), the circular model implements various processes where the firm can use various resources and it enables the makers to use alternative options. In the circular economy, those products are inserted who have recyclable options. In the context of batteries, lead-acid materials are mainly used to manufacture the primary batteries. This can help the firm to generate more sustainable values for nature as well as for the firm. As per the view of Velázquez-Martínez et al. (2019), the beginnings, the middle and the end period of the battery's lifecycle are represented in stages. There are five stages of a re-used battery life cycle. The five stages are as follows.

• Extraction of raw materials
• Processing and manufacturing
• Transporting from one place to other
• Retailing and usage
• Wastage disposal

Figure 3: re-use of batteries

(Source: self-created)

The above-mentioned stages show the second and third life after recycling. The material does is the first stage where the materials are collected and sent to the industry for its processing. After the production process, the materials are leveled up for the retailers and then it is consumed by the consumer. As per the author Wrålsen et al. (2021), after its usage it comes to the recycling process where it gets little changes in its structure n then it is ready for reuse. As it is a recyclable element and has many scopes. The material flow of the circular economy represents the “extraction of raw material via its processing, reprocessing and machining up to the finished product”. The process lasts up the deliverables and final reviews from its users. These re-usable concepts can imply more beneficial factors where the firm can make huge changes regarding its development and growth.

4. Descriptions of a 10-year strategy

In order to implement sustainable strategies, the company can use various strategies that can get more increasing values in near future. The components which are described previously as material use, electronic circuitry, and miscellanies parts of the cells. These complaints are the essential parts of the batteries in both primary and secondary forms. It is validated that the substances that are used to make batteries in current times have more scope. As per the view of Yang et al. (2021), however, the scientist has stated other elements from which the batteries can be implemented with Sodium-ion batteries. These are the more environmentally friendly substances which have more scope to save the nature from getting adverse effects. It is 1000 times more powerful than lithium based cells. It is cheaper, renewable and sustainable for use by a company. 

The strategies that are acquired by the company to show in the sustainable system in making the product that is batteries. The strategies are as follows.

• Making sustainability as a core principle for the firm
• Innovating its technology with time
• Do eventful research in short periods
• Set up long term goals or vision and facilitates a holistic vision for the firm
• Accountability
• Improve the business and financial operation in a constant manner

These above-mentioned strategies can be used to achieve the sustainable goals or visions of the firm. These strategic objectives can be achieved within 10 years of operations. This is barbecue these are the essential form where the firm needs to ascertain various groups and knowledge that can be beneficial to achieve their stated targets. Making the sustainability factor as a core principle can make the firm authentic in dealing with its external ad internal sources. The optimum use of scarce resources enables a positive vision for the firm. These strategies enable the “economic, environmental, and social factors” into a firm that manages its “policies, practices, and processes” in an effective manner. The strategies that need to be implemented in a positive way must be applicable to the firm where that want to expand its existing resources.

The initial strategies that are stated in the third part where the materials, predicted future using the batteries and the sustainable aspects ensure feasibility. The stated statements enable the strategies must be accomplished in the coming ten years. The prediction for the batteries and the usage in form of Sodium-ion and lithium-ion batteries has the scope to derive the sustainability development factor in the company. The main impact of the sustainability factor is that the company can earn more revenue and can boost their inner departmental features by enabling the latest and innovative models. Providing social welfare and sustainability factor makes the firm more competent and effective in gaining opportunities.

Conclusion 

Based on the above context it can be concluded that the usage of batteries to recharge the electronic gadget ensures better sustainable factors. It not only generates sustaining factors but it also reduces the expenses for the users of those products. The products are easily recharged with the help of chargers and adapters. Therefore there is no need to be similar things again and again and to spend a lot of money on electric gadgets. As a sustainability manager of the company, it can be suggested that the use of Sodium-ion batteries in making the cells for primary equipment or for the secondary is the best choice. The compromising nature of the industries has created a global impact in saving the natural substances that are rare in nature. The batteries that are made from the above-mentioned substances are safe for the environment.

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