Project Mailbox
Project Mailbox
We are really obliged to our lecturer Mr. Naleen Jayasuriya for his
constant support and guidance. He guided us throughout and helped us
by developing our interests towards the subject and the presentation.
We would also like to express our gratitude to our parents for their
encouragement and sacrifice.
Lastly, We would like to thank our team members and friends who
helped us in developing the project within the given time period.
ABSTRACT ............................................................................................... 4
Product Pathway ..................................................................................... 6
The Gantt Chart....................................................................................... 7
1 Introduction: ........................................................................................ 8
1.1 Project Stakeholders of smart mailbox ............................................. 9
2. Product Overview: ............................................................................ 11
2.2 Production Plan ............................................................................... 13
2.3 Optimizing Product Pricing for Profitability: .................................... 14
2.4 Implementation Strategy ................................................................ 15
2.4.1 Hardware Design and Assembly: .................................................. 16
2.4.2 Software Development: ............................................................... 18
2.4.3 Testing and Optimization: ............................................................. 19
3. Market Analysis: ................................................................................ 21
3.1 Market Requirement ....................................................................... 22
3.2 Target Market: ................................................................................. 22
4.Project Organization & Job Role Assigned: ......................................... 23
5. SWOT analysis for a smart mailbox ................................................... 24
6.House of quality matrix for Smart Mailbox: ....................................... 26
7. Potential Challenges: ......................................................................... 27
9. Conclusion:........................................................................................ 29
10. Annexures ....................................................................................... 30
Product Pathway
1. The Idea
- From Research
- From discussions
2. The Concept
- The plan and intention
- Sales and Invention
- Target Market
3.The Conditions
- Analysis
- Testing on Equipments
- Functionality of device
Days 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Research
Identifying and
selecting the
product
Details,
Specifications,
cost
Designing and
market
requirements
Swot Analysis
and Report
Scope
Target Market
Production
Plan
Collecting all
data
Planning the
report
Finalizing and
submitting the
report
1 Introduction:
1. Homeowners/Users:
- Expect convenience and ease of use.
- Demand security features to protect their mail.
- Desire customization options for notifications and mail management.
- Require reliability in the functionality of the smart mailbox.
2. Manufacturers/Suppliers:
- Provide necessary hardware and software components.
- Expect clear technical specifications to develop the smart mailbox.
- Seek cost-effective solutions within budget constraints.
- Need scalability options for different markets and demand levels.
5. Distributors:
- Require clear product information and training to effectively sell and
support the smart mailbox.
- Seek reliable supply chains and timely deliveries to meet customer
demand.
- Need marketing support and promotional materials to attract
customers.
- May require assistance from the manufacturer or supplier for any
technical issues or product inquiries.
2. Product Overview:
The Smart Mailbox with SMS Alert System utilizes a combination of
hardware components and software algorithms to detect mail delivery
and promptly notify the user via SMS. At its core, the system consists of
an Arduino Uno microcontroller, an IR sensor (HW210), and a
GPRS/GSM Shield. These components work seamlessly together to
ensure accurate detection of mail presence and reliable communication
of alerts to the user's mobile phone.
IR sensor (HW210)
2.1 Product Technical Details
Total 4700
2. Cost Structure
• Overhead Expenses – LKR 150,000(one time cost spread over
production volume)
• Total Cost for 1000 products- (5260*1000+ 150,000)= LKR
5,410,000
3. Profit target-
• Desired annual profit – LKR 590,000 (590*1000)
Total Revenue Needed to Achieve Desired Profit:
• Total revenue needed = Total Cost +Desired Profit
= 5,410,000 + 590,000
= LKR 6,000,000
Selling Price per Product to Achieve Desired Profit:
• Selling price per product = Total revenue needed/ no of
products
= 6,000,000/1000
=LKR 6000
2.4 Implementation Strategy
#include "LiquidCrystal.h"
void setup()
{
Serial.begin(9600);
lcd.begin(16, 2);
pinMode(irPin, INPUT);
lcd.setCursor(0, 0);
lcd.print("SMART MAILBOX: ");
}
void loop()
{
if (!digitalRead(irPin) && state)
{
count++;
state = false;
Serial.print("Count: ");
Serial.println(count);
lcd.setCursor(0, 1); // Move cursor to the second line
lcd.print("Mail Received ");
delay(1000); // Display the message for 1 second
lcd.setCursor(0, 1); // Clear the line
lcd.print(" ");
}
if (digitalRead(irPin))
{
state = true;
delay(100);
}
}
2.4.3 Testing and Optimization:
2.4.4 Packaging and Deployment
3. Market Analysis:
So our project “Smart Mailbox with SMS Alert System” was brought up
by our team members and developed a simple device. This included
various activities. Therefore during this project, duties and roles were
assigned to each member in the group. Research, technical details,
market target, designing, requirements needed these were some
sections we divided ourselves into and carried out our responsibilities.
Strengths:
1. Customization: Smart mailboxes can be customized to suit individual
preferences, such as notifications for specific types of mail or package
tracking.
2. Efficiency: They streamline the mail delivery process by providing
real-time updates to users and postal service providers.
3. Technology Integration: Smart mailboxes can integrate with other
smart home systems and devices, offering added functionality and
convenience.
Weaknesses:
1. Cost: Initial investment and installation costs may be high, potentially
limiting adoption among price-sensitive consumers.
2. Reliability: Dependence on technology may lead to issues such as
connectivity problems or malfunctions, affecting user trust and
satisfaction.
3. Complexity: The setup and configuration of smart mailboxes may be
complex for some users, leading to usability issues.
Opportunities:
1. Market Growth: The growing trend towards smart homes presents an
opportunity for smart mailbox adoption as part of the connected
ecosystem.
2. Innovation: Continuous innovation in technology can lead to the
development of advanced features and improvements in smart mailbox
functionality.
3. Partnerships: Collaborations with postal service providers, smart
home device manufacturers, and e-commerce platforms can expand
distribution channels and enhance product offerings.
4. Regulatory Support: Supportive regulations and incentives promoting
smart home technologies can encourage adoption and investment in
smart mailboxes.
5. Customization: Offering customizable features and subscription-
based services can create new revenue streams and enhance user
experience.
Threats:
1. Competition: Increased competition from other smart mailbox
manufacturers and alternative delivery solutions could impact market
share and profitability.
2. Cybersecurity Risks: Smart mailboxes may be vulnerable to cyber-
attacks, leading to data breaches or unauthorized access to personal
information.
3. Supply Chain Disruptions: Disruptions in the supply chain, such as
component shortages or manufacturing delays, can impact production
and delivery timelines.
6.House of quality matrix for Smart Mailbox:
7. Potential Challenges:
While the concept of the Smart Mailbox with SMS Alert System is
promising, several challenges may arise during the development and
deployment phases. These include:
- Ensuring accurate detection of mail presence while minimizing false
positives.
- Optimizing power consumption to prolong battery life in the case of
battery-powered installations.
- Addressing compatibility issues with different types of mailboxes and
home automation systems.
- Managing the costs associated with production, distribution, and
customer support.
8.Risk Management
I’m the Project Manager in this project. The first few days, I did some
research to come up with a product, and with the help from my team
members, I was able to come up with the topic “Smart Mailbox with
SMS Alert System”. I was responsible in planning, directing and leading
the project. I got to work with my team and we made sure that this was
completed within the given period of time and scope. I divided the topic
into specific sub topics among my team members. I was responsible in
taking decisions on the overall project. I did the introduction and
product overview. Overall, I had to oversee everyone’s progress as a
team. I was able to complete the abstract and the conclusion and
summary.
I helped and guided my members in the market requirements and
target market, which is considered as two main factors in this project.
As a project manager, I was able to oversee all my team members work
and we helped each other throughout.
I’m really happy to say that we were able to complete this as a team.
We bonded with each other and with so many sacrifices, each and one
of us completed our parts successfully. We had the team spirit
throughout and we really enjoyed each other’s company. So in
conclusion, I would say that this project helped me improve my skills
and helped me improve my ideas and research in my work.
Finance & Marketing
Manager – T.M.S.Kevin
ED_EEE_2022_24
22044653
I analyzed the current demand for our product across various fields,
providing a chart for reference. Additionally, the project received
substantial support from social media, thanks to the invaluable
assistance of my team members. With the support of other members of
our group, I was able to fulfill all these responsibilities. So, our new
product is successfully completed.
My primary focus is on promoting and positioning the SMART Mailbox
that our company produces. Identifying target clients, devising
strategies to reach them, and enhancing the satisfaction of our current
clients are also within my purview. It's crucial to ensure that the money
allocated to marketing campaigns yields a respectable return for the
company.
I have an extensive range of responsibilities in financial management,
which involves strategic planning of the product, organizing the
production flow, and controlling financial undertakings. This includes
applying management principles to the financial assets of the
production process. I may be responsible for the entire financial
operation, such as producing accurate financial reports for the annual
and monthly meetings, developing cash flow statements, managing
credit, providing advice in making financial decisions, directing
investments, making financial forecasts, budgeting, and managing the
risk of financial loss.
As the marketing manager for this project, my role encompasses a wide
array of responsibilities. This includes creating estimates and budgets
for marketing campaigns, seeking approval, collaborating with
advertising agencies, negotiating, drafting sales and advertising
contracts, and scrutinizing advertising materials such as print, TV
commercials, and online ads.
As a product designer I did lots of things in this project. I had good team
and they also support for my works. I also support their works. In this
project we decide a product and after I planed a product and draw
circuit diagrams and also write a code for our product. Write a code
was a toughest part of my works. I had a good support for that task of
my team. I decide materials as well for our product. I learn lot of thing
such as soft skills like how we work together in a project, and also I get
knowledge about how design project and improve knowledge about
coding.