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...]
NPI Cost vs. Production Unit Cost: What To Optimize For?
When developing a new electro-mechanical product, there is a tradeoff: Do you want to spend less time & money before production (during the NPI process), and suffer higher costs for each unit made? Or do you want to invest more before production, and enjoy lower unit costs? Here are some examples of where this tradeoff is evident. … [Read more...]