Easy Methods to Estimate the Manufacturing Cost for a Brand New Electr…
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Today I’m providing a step-by-step guide for estimating the manufacturing price for a hypothetical tracking device that incorporates Bluetooth Low Energy (BLE), GPS, iTagPro technology an accelerometer, and a USB rechargeable lithium battery. When you've got a brand new product that you just wish to develop, the very first thing it is best to do is look at the big picture before you get bogged down in the small print. You don’t want to leap right into fully creating a manufacturing prototype. Product development is expensive, time-consuming, iTagPro USA and dangerous so there are some upfront steps you must take first. Instead, first concentrate on what I name a preliminary manufacturing design (or generally simply called a preliminary product design). The secret's that it focuses on a manufacturable model of your product, and never just on a Proof-of-Concept (POC) prototype. One of the most important reasons for making a preliminary design is it lets you precisely estimate the manufacturing value for the product before you spend the cash to completely develop it.
A preliminary production design focuses on answering a few of the vital questions that you simply will need to know as quickly as attainable. How troublesome is it going to be to develop your product? Is it feasible to manufacture your product? What's the fee to develop your product? What's the cost to scale from a prototype to volume manufacturing? How much will it price per unit to manufacture your product? Ultimately, one of a very powerful questions you want to reply is how much will it cost to manufacture your product. The manufacturing price goes to determine how a lot profit you'll make and the way much you possibly can promote it for. Manufacturing cost is something you need to know as early as attainable. Unfortunately, many entrepreneurs make the error of first fully designing their product for production. In any case that’s executed, they go back and iTagPro locator start determining how a lot it’s going to price to manufacture. That’s not the best way experienced tech corporations do it.
They answer all the big questions before they start sinking assets into absolutely creating the product. There isn't a level in spending all the time to try to develop a new product if it isn’t feasible to manufacture, or prices too much to manufacture. A preliminary production design offers you all of the knowledge wanted to precisely estimate the manufacturing cost for a new product before the product has been fully developed. It additionally gives you early perception into the manufacturing feasibility of your product. By starting with a preliminary manufacturing design it allows you to more precisely estimate your entire costs, create a extra accurate timeline of milestones, and be able to raised determine the manufacturing feasibility of the product. Ultimately, it allows you to develop a better product that is more probably to be successful. Step one in growing a preliminary production design is to design the system degree block diagram. Our hypothetical product contains 4 major functions: Bluetooth Low-Energy microcontroller, GPS, an accelerometer, and power management.
Figure 1 - System block diagram for a hypothetical BLE GPS tracking device. The core of the product will probably be a Bluetooth Low Energy microcontroller. This consists of each the Bluetooth Low Energy radio and iTagPro technology the microcontroller running your firmware code. Those two features are embedded on a single chip called a System-on-a-Chip (SoC). However, I all the time advocate that you begin off utilizing a pre-certified module resolution, instead of a chip-primarily based resolution, for any wireless performance, like Bluetooth Low Energy. This module will nonetheless be based mostly on a BLE SoC however it may also embrace the antenna. There are two the reason why you must start with a module. First, iTagPro bluetooth tracker the usage of a module drastically reduces your FCC certification value. That may prevent about $10,000 to certify your product. The second purpose is that modules will simplify the design course of. Wireless functionality tends to be laborious to design correctly. In actual fact, very seemingly, it would require several iterations to get things excellent.
Using a module reduces your time to market which is always necessary. Even massive tech companies start off using a module so they can get their product to market faster. Should you scale as much as producing 100,000 models or iTagPro locator extra, then it may be a very good time to change to a custom chip design to maximize your revenue margin. The opposite huge piece concerned with this product is GPS (Global Positioning System) which communicates with the BLE microcontroller through a UART serial interface. As with BLE, iTagPro smart tracker we’re going to also use a module resolution for GPS. The primary motive for using a GPS module is a bit totally different, nonetheless. GPS is a receive-only know-how. You’re not intentionally transmitting radio waves exterior of your product. This is in contrast to Bluetooth Low Energy, the place you're clearly receiving and transmitting data. The FCC is primarily involved in the electromagnetic energy a product radiates (transmits), iTagPro technology not what a product receives.
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