1 Find out how to Estimate the Manufacturing Cost for a new Electronic Product (Case Study: Bluetooth Device)
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Today Im offering a step-by-step information for estimating the manufacturing value for travel security tracker a hypothetical tracking device that incorporates Bluetooth Low Energy (BLE), GPS, ItagPro an accelerometer, and a USB rechargeable lithium battery. When you've a brand new product that you simply want to develop, the first thing it is best to do is take a look at the big picture earlier than you get bogged down in the main points. You dont need to leap proper into fully growing a production prototype. Product improvement is costly, ItagPro time-consuming, and risky so there are some upfront steps it's good to take first. Instead, travel security tracker first focus on what I name a preliminary manufacturing design (or sometimes just known as a preliminary product design). The key is that it focuses on a manufacturable version of your product, and not simply on a Proof-of-Concept (POC) prototype. One among the most important reasons for making a preliminary design is it means that you can precisely estimate the manufacturing cost for the product earlier than you spend the money to completely develop it.


A preliminary production design focuses on answering a few of the important questions that you will need to know as quickly as attainable. How tough is it going to be to develop your product? Is it feasible to manufacture your product? What's the price to develop your product? What is the cost to scale from a prototype to quantity manufacturing? How a lot will it cost per unit to manufacture your product? Ultimately, certainly one of a very powerful questions you want to answer is how much will it price to manufacture your product. The manufacturing cost goes to determine how a lot revenue you will make and how a lot you'll be able to promote it for. Manufacturing price is something you must know as early as attainable. Unfortunately, track lost luggage many entrepreneurs make the mistake of first fully designing their product for manufacturing. After all thats accomplished, they go back and start figuring out how much its going to value to manufacture. Thats not the way in which skilled tech firms do it.


They reply all the large questions earlier than they start sinking assets into absolutely growing the product. There isn't any point in spending all of the time to attempt to develop a brand iTagPro bluetooth tracker new product if it isnt possible to manufacture, travel security tracker or prices an excessive amount of to manufacture. A preliminary manufacturing design gives you all of the information needed to accurately estimate the manufacturing price for a new product before the product has been absolutely developed. It additionally gives you early perception into the manufacturing feasibility of your product. By beginning with a preliminary manufacturing design it permits you to more accurately estimate all of your prices, create a more correct timeline of milestones, and be ready to better decide the manufacturing feasibility of the product. Ultimately, travel security tracker it permits you to develop a better product that's extra possible to achieve success. The first step in creating a preliminary manufacturing design is to design the system stage block diagram. Our hypothetical product consists of four main functions: Bluetooth Low-Energy microcontroller, GPS, an accelerometer, and iTagPro reviews energy administration.


Figure 1 - System block diagram for a hypothetical BLE GPS tracking device. The core of the product can be a Bluetooth Low Energy microcontroller. This contains both the Bluetooth Low Energy radio and travel security tracker the microcontroller working your firmware code. Those two capabilities are embedded on a single chip called a System-on-a-Chip (SoC). However, I always suggest that you simply begin off using a pre-certified module answer, travel security tracker as a substitute of a chip-based mostly solution, for any wireless functionality, like Bluetooth Low Energy. This module will still be based mostly on a BLE SoC however it may also embody the antenna. There are two reasons why you should begin with a module. First, the use of a module drastically reduces your FCC certification cost. That can prevent about $10,000 to certify your product. The second motive is that modules will simplify the design course of. Wireless functionality tends to be hard to design correctly. In reality, very doubtless, it will require a number of iterations to get issues excellent.


Using a module reduces your time to market which is at all times important. Even big tech corporations begin off using a module so they can get their product to market quicker. In case you scale up to producing 100,000 units or more, then it could also be a good time to change to a customized chip design to maximise your profit margin. The other huge piece concerned with this product is GPS (Global Positioning System) which communicates with the BLE microcontroller via a UART serial interface. As with BLE, were going to additionally use a module answer for GPS. The primary cause for using a GPS module is a bit totally different, nonetheless. GPS is a obtain-only expertise. Youre not deliberately transmitting radio waves outdoors of your product. That is in distinction to Bluetooth Low Energy, where you might be clearly receiving and transmitting information. The FCC is primarily involved within the electromagnetic power a product radiates (transmits), not what a product receives.