Many people and companies assume that when a product is designed and engineered that the product development process is complete. That is most certainly not the case for physical assembled products – and not expecting this fact can be very frustrating for the inventor and start-up. The product development process continues with production tooling through [...]
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By Tucker J. Marion Today, companies producing physical assembled products such as Black & Decker (B&D) have outsourced production of nearly their entire product line-up to offshore facilities [1]. It has been argued that outsourcing, or the use of outside suppliers to provide services or products, frequently offers a cost competitive alternative to performing the required [...] Many consumer product inventions involve plastic manufacturing. Inventors are often shocked moving towards manufacturing when they realize the costs involved in actually manufacturing their goods. This is one of the main reasons that inventors are looking to license so early, however there is a way to manufacture without investing a few hundred thousand dollars. Unfortunately, the [...] Doing it alone is tempting. I found this on an old Google Answers post the other day: I have a patent and trademark for a plastic trash bag clip. It is designed to be extruded in plastic, then cut by machine to size. I have spent about $10,000 on legal fees, and $8,000 traveling to Monterrey, [...] Flashpoint’s Managing Partner is presenting his paper “On the Use of Global Cost Modeling Early in New Product Development” this weekend at the IEEE International Engineering Management conference in Portugal. This paper outlines the changes in the new product development industry, discusses the effect of those changes in the new product development process and finally [...] Check out www.mfg.com. If you have a CAD file, you can post and within hours get bids from manufacturers worldwide. Very useful for finding suppliers and also cost modeling during the design phase.
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