ThomasNet News Logo
Sign Up | Log In | ThomasNet Home | Promote Your Business

POV: Design Determines 90% of Product Cost

Print | 
Email |  Comment   Share  

(Archive News Story - Products mentioned in this Archive News Story may or may not be available from the manufacturer.)

Sigma Design Co.
200 Pond Ave
Middlesex, NJ, 08846
USA



Press release date: May 1, 2012

In the New Product Development (NPD) process, 90% of the cost of a product is fixed by the end of the design phase, By this time in the process the direct material, direct labor and product specific capital equipment costs are set in place, whether we fully realize it or not. The ability to control cost is greatest during the concept development stage. Getting manufacturing and suppliers involved early and clearly understanding customer needs from the start are key to managing product costs.

Ways to implement such approach involve careful selection and early collaboration with suppliers for help in making design tradeoffs for customer requirements, functionality, and cost. What is needed is great communication across the design and supplier network that is responsive to customer requests and priority requirements. This effort will reap great dividends for a more salable and profitable product.

Of course, it is important to first probe deeply into customer requests. Is a functional capability a must have, need to have or nice to have? Clarifying and prioritizing of customer requirements provides design engineers with the maximum range of options, and allows them to make informed trade off decisions when handling competing performance and cost goals in the design process. Finally, be sure to evaluate usability to deliver a user-centric design, which is critical for total design success.

With these practices of understanding customer needs and usability and by collaborating with the supplier base during the concept development phase, designers will be in the best position to deliver an optimal design - and to maximize their impact on 90% of product cost from the start.

Sigma Design Company, LLC Turning Smart Ideas Into Product Solutions

Located in central New Jersey, Sigma Design Company conceives, designs, prototypes, engineers and manufactures novel new products in the USA. We specialize in complex mechanisms, electro-mechanical devices, and analytical systems and appliances for the renewable energy, medical device/laboratory, clean technology, marine, filtration, consumer products and other sectors. Our professional team offers design engineering consulting, failure analysis, human factors design, and rapid prototyping services, as well as new product development, marketing and business development services. The company also offers manufacturing cells that are fully staffed and tooled - from 500 to 10,000 square feet.

The company started in 1962 and was acquired by its current owner in 1999. In October 2011, Sigma Design Company relocated, expanded and opened its 'Technology Commercialization and New Product Manufacturing Center' in Middlesex, New Jersey.

200 Pond Avenue, Middlesex, New Jersey 08846 USA www.sigmadesign.net Phone (732) 629-7555 (new) | Fax (732) 629-7556 (new) | info@sigmadesign.net

Print | 
Email |  Comment   Share  
Contacts: View detailed contact information.


 

Post a comment about this story

Name:
E-mail:
(your e-mail address will not be posted)
Comment title:
Comment:
To submit comment, enter the security code shown below and press 'Post Comment'.
 



 See related product stories
 See more product news in:
Services
 More New Product News from this company:
Consultation Services help develop renewable energy solutions.
Printing Service provides proof-of-concept prototypes.
More ....
| Featured Manufacturing Jobs
 Other News from this company:
A Great Time to Finally Turn Your Smart Ideas Into Product Solutions
Sigma Looking to Grow by Partnering with New Sales Representatives
Global Manufacturer of Engine Filters Saves 3 Months and Thousands of Dollars in Cyclic Fatigue Testing Program
University and 3D Printing Industry Collaboration to Be Featured on PBS
Sigma Recognized at Made In New Jersey Event
More ....
 Tools for you
Watch Company 
View Company Profile
Company web site
More news from this company
E-mail this story to a friend
Save Story
Search for suppliers of
Product Development
Join the forum discussion at:
Engineers Lounge


Home  |  My ThomasNet News®  |  Industry Market Trends®  |  Submit Release  |  Advertise  |  Contact News  |  About Us
Brought to you by Thomasnet.com        Browse ThomasNet Directory

Copyright © 2014 Thomas Publishing Company. All Rights Reserved.
Terms of Use - Privacy Policy



Error close

Please enter a valid email address