Hire experienced people and put in place best practices, not practices common in industry. Maintain a sense of urgency and manage costs effectively.
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Tag Archives: BOM
List of 10 higher costs when sourcing multiple contract electronic manufacturing partners
The best time for new product launch
It is expensive for electronics manufacturers to launch a new product. To save money, manufacturers will often revise an existing product already in the market. (Read about trends in new product launch services) How can electronics companies weigh the costs …
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Contract manufacturing costing modelers analyze more than just CM service fees and quote pricing
Electronics contract manufacturing costing models can vary widely, depending on a number of factors, including the level of expertise of the cost modeling vendor and particular industry experience required for suitable fit, the scope of the project or program, the …
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The role of value analysis and value engineering in electronics equipment manufacturing
Value analysis and value engineering, often times condensed to VA/VE, can be applied to a wide range of electronics markets and industries, including consumer electronics, industrial electronics, medical electronics, and aerospace and defense electronics. These methodologies can be particularly beneficial …
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How robotics automation can actually increase manufacturing costs
Automation technology can lead to increased costs of manufacturing in a few ways: Initial investments of robotics and manufacturing related automation can be expensive. Automation equipment and technology can be costly to purchase and install, leading to a higher initial …
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How electronics equipment manufacturers can reduce cost to manufacture
Electronics equipment manufacturers have a number of options when interested in reducing the cost of manufacturing their products. Some of these include: Contract electronics outsourcing equipment manufacturing programs, certain manufacturing processes or assemblies and sub-assemblies, or components to countries with …
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Pros and cons of standalone vs systems integrated costing modelers for contract electronics equipment manufacturing
When considering cost modelers for manufacturing, are you looking for a standalone solution or do you want to integrate value analysis and value engineering capabilities with other systems like SAP, Oracle, QED, to name a few? Decision-making for purchasing a …
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The most expensive value-add services in electronics equipment contract manufacturing
Expensive value-add service when manufacturing electronics equipment can vary depending on the specific product and industry. However, some examples of value-add services that can be costly include: Custom design and engineering: This can include the development of specialized hardware or …
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Which electronics markets typically have higher value-add costs for manufacturing?
The electronics market that has the highest value-add cost for manufacturers can vary depending on several factors such as the product type, the industry and the specific company. However, some examples of markets that generally have high value-add costs for …
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How to get lowest components bill-of-materials (BOM) price with product cost modeling
“How can we make cost modeling decisions and budget forecasts for our programs based on lowest costs for components and materials on our BOM?” This question usually comes from purchasing and commodity managers. Material costs can make up sixty to …
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