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...]