Tag: cost

How Much Will That Cost Me?

When you’re designing high-volume products every penny counts. That’s what the finance guys tell me anyway. Although cost is always a concern, I find most industrial designers and product design engineers don’t have a good concept of what a $0.17 cost-adder means for a product with an annual volume of 20 million units (answer: add $3.4 million to your budget). The math is pretty simple but there’s something about seeing the number in front of you that brings home the reality. So I made this quick and dirty chart to give us a quick and easy reference.

And who doesn’t need another reason to open Excel? Click here to download the Excel spreadsheet.

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