A lot of entrepreneurs and SMEs struggle to calculate their investment for launching a new product. This can lead to unexpected costs mounting up and, eventually, needing to sell at a loss or even bankruptcy in extreme cases. So you need to know which costs to calculate, what elements are built into the costs, and how to launch a new product in a less financially risky way. Let's get into those topics here. … [Read more...]
Getting To Grips With Non-Recurring Engineering Costs (NRE) [Podcast]
![Getting To Grips With Non-Recurring Engineering (NRE) Costs [Podcast]](https://qualityinspection.org/wp-content/uploads/2021/04/GettingToGripsWithNon-RecurringEngineeringNRECostsPodcast-1140x445.jpeg)
In this episode of the podcast, we discuss Non-Recurring Engineering costs for manufacturers. As the name suggests, these costs are usually one-off and are what it takes to get your product into production. These costs are perhaps better known as R&D costs, and it's important to get to grips with them as they have a great impact on your product's sale price, as well as the feasibility of manufacturing it in the first place. It's fair to say that the NRE costs often turn out to be more … [Read more...]
Free Samples from Potential Chinese Suppliers: A Positive Sign?
If you find 30 potential suppliers that all seem capable of making the product you want, how to pick the best one? With B2B platforms like Alibaba and Global Sources, many buyers ask themselves that question. And an easy answer is "I will ask for free samples and see who says yes and makes good-looking samples". … [Read more...]
What Are Your Non-Recurring Engineering Costs for Production in China?
Many importers want to have their own (customized) products made in China. One common mistake they make is forgetting to calculate the entire project costs. In particular, they forget about Non-Recurring Engineering (NRE) costs -- many companies call this R&D. Some Chinese suppliers make it all look so easy at the beginning when manufacturing new products… To avoid this trap, you should understand what NRE includes. … [Read more...]