Let's explore 10 factors that affect the cost of electronic product designs and the reasons why they do and tips on what you need to be aware of. Anyone bringing new products to the market who is interested in controlling costs should at … [Read more...]
Why and How to Control your Supplier’s Costs? [Podcast]
![Why and How to Control your Supplier’s Costs? [Podcast]](https://qualityinspection.org/wp-content/uploads/2022/07/WhyandHowtoControlyourSuppliersCostsPodcast1.webp){kind=small}
In this episode… We conclude the mini-series we've been doing where Renaud provides you with the advice you need to source from China yourself. We've covered the entire process from finding great suppliers, negotiating, manufacturing, … [Read more...]
Your Cost of Poor Quality Is Higher Than You Think
When one studies the literature around the Cost of Quality, the traditional breakdown of the costs is presented as follows: Source: ASQ TR2:2018. ISO 10014 and ASQ TR 2, two standards that provide guidelines (in … [Read more...]
Tips For Buyers On A Budget Who Want To Start Manufacturing In China [Podcast]
![Tips For Buyers On A Budget Who Want To Start Manufacturing In China [Podcast]](https://qualityinspection.org/wp-content/uploads/2021/07/TipsForBuyersOnABudgetWhoWantToStartManufacturingInChinaPodcast.jpeg)
In this episode... You'll love this episode as it contains loads of helpful tips for buyers from China who're operating on a smaller budget from Sofeast's CEO Renaud and this week's guest, sourcing expert, Rico Ngoma from Source Find … [Read more...]
Rising Raw Material Prices: What Strategy To Follow? (6 Approaches)
In March (2021), we noted that the raw material prices of some commodities (silicone, some papers & cartons, some batteries...) went up a lot. And some analysts predict a multi-year increase in raw material prices. Bloomberg came … [Read more...]
Why Improving Quality Leads to Lower Manufacturing Costs
I am tired of repeating certain things over and over when I am in Chinese factories. One of them is this: If you work on improving quality, you will cut your costs at the same time if you follow the right approach. This is nothing new. As … [Read more...]