With 75% of of the cost of a product being locked-in by the designers it is critical that the design (and specifically the concept) is as right as it can be from the off. Why then is Cost Reduction even a thing then if we make every effort to get the design right?
A real-life example of where commercial requirements evolved over time, resulting in a product that was designed and re-engineered from “scratch” not once but three times over.
This case study illustrates the importance of understanding your market.
Rapid Prototyping is so much more than Additive Manufacturing. There is now no need to wait 4-5 weeks for machined parts – there are now companies who will routinely machine parts in 7-10 or even 2-3 days depending on your budget.
Entrepreneurs need to have a good handle on both development & production costs up-front to build a robust business case. But how is it possible to get production costs at the very beginning of development before the product has been designed?
In the 23 years I have been a member of the IMechE I have never taken one of their training courses as they have not adequately addressed my needs.
The institution now appears to be changing for the better. Whether this is natural evolution, modernisation to the digital age or perhaps as a social distancing measure brought about by the pandemic I cannot say but it is a very welcome evolution.