When developing a new product, it is important to take into account the cost variables in each stage of manufacturing. Analyzing each phase and cost factor helps you determine not just target sales prices and profitability of your product, but also how much product redesign and features cost. Consumer product design companies make use of practices such as Design-to-Cost (DTC) and Design-for-Manufacturing (DFM) to come up with insights that make product development cost cheaper but at the same time make it profitable. Therefore, it is important to consider the cost…
Read MoreFactors that Make Product Design Expensive
