![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...]
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...]