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...]
Quality Assurance, Product Development, and Purchasing Strategies in China