CAD, BOM, DFM & IP
While working with clients of all sizes, we see different ownership levels and responsibilities when it comes to the production of custom products. When it comes to custom designed products, some buyers will make sketches, mock-ups and computer aided design (CAD) files for the vendor to iterate on. The expectation is then for the manufacturer to...
Order Volume Considerations
While working on a new product or business, there are many challenges that you will experience. One of the biggest financial challenges will be centered around inventory and production costs. The cost of production, replenishing inventory and managing a warehouse will all affect the cash flow of the business and the chances of success. Prior...
Product Requirement Document
A project, product or program manager will utilize many tools to keep their product development projects in motion. One of the most useful resources to keep the team inspired and aligned is the product requirements document. The product requirement should be used as a guiding force during the entire project. What is a PRD? The...
Mistakes When Approaching Factories
When working with new product companies, we’ve often seen buyers underestimate topics like initial order volumes, distribution plans and factory size when approaching manufacturers. When working with suppliers, it’s important to have a roadmap, distribution strategy, and sales projections. If you’re working with international suppliers, they will be interested in understanding your value proposition and...
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