By the time some manufacturers realize the full cost picture of their new product, fixing it is expensive, and sometimes too late.
In episode 323, we break down how product costing really works. You’ll see the key cost drivers, where mistakes typically happen, and how to approach design-to-cost early enough to stay in control.
If you’re developing a product, this will help you avoid the common traps and make better decisions before committing to production.
Listen here
Listen to the episode or watch on YouTube
Episode Sections:
- 00:00:12 — What Is Design-to-Cost?
- 00:00:49 — Why Costing Is Often Overlooked
- 00:01:55 — The 4 Core Cost Drivers (BOM, NRE, Tooling, Logistics)
- 00:05:24 — Value Engineering & Smarter Design Decisions
- 00:08:54 — Reducing Assembly Cost & Complexity
- 00:10:10 — Supplier Strategy: Cost vs Quality Trade-offs
- 00:12:20 — Tooling Costs & Budget Pitfalls
- 00:15:04 — NRE Explained: Hidden One-Time Costs
- 00:19:40 — Logistics: The Most Underestimated Cost
- 00:22:52 — Design for Cost: How to Reduce Product Cost
- 00:28:08 — Why You Must Think About Cost Early
- 00:31:47 — Biggest Costing Mistakes to Avoid
Further content
- Design for Manufacturing (DFM)
- Why Product Idea Validation Is Crucial Before Spending Big on Development
- Product Design Cost: 10 Factors That Affect Electronic Products
- The Benefits of a Feasibility Study (during new product development)
- 7 Must Do New Product Introduction Tasks For Successful Product Launches
- The Design for X Approach: 12 Common Examples
Listen, rate, & subscribe to the ‘China Manufacturing Decoded’ podcast on your favorite provider
More episodes are on the way, so remember to rate us and subscribe! You can find us on:
- Apple Podcasts
- Spotify
- TuneIn
- Amazon Podcasts
- Deezer
- iHeartRADIO
- PlayerFM
- Listen Notes
- Podcast Addict
- Podchaser
- The podcast’s website at China Manufacturing Decoded
Leave a Reply