Product Development Cost Estimation – Things You Must Know

Cost Estimation For Product Development

One of the most important things that may not cross your mind when you are thinking about a new product idea is the cost estimation for product development. It is possible that you are thinking about dozens of things and problems your unique and amazing product may solve. But at the same time, it will be beneficial for any individual to realize figure out how deep the pockets are. Knowing your budget will help you focus on why and how you should estimate the cost of the product development process.

Whether you have been in the product development industry for many years or if you are a newcomer thinking of covering the entire market, product design and development cost are the key factors to concentrate your thoughts on. Not only the cost of the product development can seriously affect your business but also it may have a great impact on budget planning. If you are investing your fortune in getting prototype development services, then you will have to face some difficulty if the cost estimation of the overall product development is not appropriately calculated.

Factors To Consider Product Development Cost Estimation

In order to calculate an overall product development cost estimation when we are talking about product development, there are basically some important factors. We can consider the production stages of a new product as different stages or phases of the product development process. Getting a clear idea of all the product development phases will be helpful in guessing the budget required for the product development. Our product development company will make sure to guide you through the entire process. The stages of the product development will involve the following phases:

Design Phase:

In this phase, you will not have a product to showcase but you will have a half-baked idea of how your product should look and function. The choice of material, planning, and designing the product will be the key factors to prioritize in this phase of product designing.

Prototype Phase:

Once the design of the product is finalized, your product moves to the prototyping phase in which a prototype model is developed. The prototyping phase is now a lot easier than before due to the prototyping companies offering new and advanced platforms.

Production Phase:

The production stage comes after the product prototype model is successfully developed and ready. Of course, you can make some minor changes that will help fulfill the needs and requirements of the customers. In this stage, the product is developed finally and you will know the exact cost of the product development.

Distribution Phase:

In this phase, you may have to work with third-party companies to distribute the product. Once you will reach the product distribution phase, you will have a clear vision and goal of the product along with the production and distribution cost estimation.

Hire GID Company – A Leading Product Development Company in California To Develop A New Product

If you are looking for a top-notch product development company in California, USA, then there is no better product design and development company than GID Company. Our expert product developers, engineers, and designers are committed to providing our valued clients exceptional product development services. Want to schedule a free consultation with our highly experienced GID Company professionals? Feel free to give our professional designers and experts a call at +1714-323-1052. Get the latest updates on trending topics and subjects related to product design and development by following us on Facebook, LinkedIn, Twitter, and YouTube. Explore our profile on Clutch , GoodFirms and DesignRush.

3 Top Product Design Tips

Top Product Design Tips

While all the steps in new product development are important, one particular step demands more focus. It is the product design step. One of the primary steps in new product development cycle, product design of the conceived product factors toward the success of the final product. Product design affects the manufacturability as well as the cost of manufacturing too! For that reason, a little more attention is needed when designing a product. Here are top three Product Design Tips to consider when designing a product. The tips are based on our years of experience in the field of product design and development and are overall the best tips to take into consideration as you begin your venture into new product development.

Keep it Simple

Keep the design of your conceived product as simple as possible. The best product designs are those that just form a seamless connection between function and design. If the design of your product is complicated, it will be difficult to manufacture it. It will also increase the cost of manufacturing. Apart from these issues, if such a complicatedly-designed product is brought into the market, the potential customers will probably alienate it, resulting in total failure of the product. The goal of a good product design is to entice customers with an ergonomically-friendly design that seems easy to use.

For product design, it is best to team up with an intelligent team that can create a simple, yet attractive and functional design that allows easy and economical manufacturing.

Research

There is no need to reinvent the wheel! In fact, customers often prefer that you do not reinvent the wheel. Before designing your product, it is necessary that you conduct an extensive market research. Find out the competitors’ products that are on the market. See which features the customers like and dislike for those products. You would want your product to have only likable features – right?

When conducting the research, note down all the new features and functions you can implement in the design of your conceived product. Also, keep in mind that you do not change certain things that are familiar to the customers. For instance, it would be a terrible idea to change the order of the accelerator, brake, and clutch (ABC) in a car. People are already familiar with the default pattern, and changing it will result in instant rejection.

Prototyping and Testing

Although, product prototyping and testing are two entirely different steps that come later down in the product development cycle, they do have a connection with the product design phase. Product prototyping and testing make it possible to detect flaws or defects in the product design. Therefore, you need to create prototypes so that they can be tested to find flaws. Once the flaws are detected, you should eliminate them and then create a new product design. Based on the new product design, build and test the prototype again. You need to repeat this process until you achieve a definitive product design.

Today, because of the advanced technologies, prototype development and testing have become virtual, in a 3D computer-generated world. Nevertheless, there are still instances when you need to develop and test physical prototypes to detect the flaws and make the final product better.

You will also need to build product prototypes to give it to people for their suggestions. Based on their suggestions, you may need to alter the product design and create new prototypes again. Of course, this is a tedious process, but it is vital to achieving a flawless product design.

There is nothing easy about product design. For successful product designs, massive skills and experience are needed; skills and experience like GID Development Corporation has.

We are one of the leading California Product Design Companies, USA. We have decades of experience in the field, and have delivered thriving product design solutions to our clients (inventors) in the US and worldwide.

Along with product design, we provide rapid prototyping, product development, product manufacturing, and other product fulfillment services. No matter how complex the product concept is, we will help you realize it. To learn more, visit https://www.gidcompany.com.

Have any questions regarding Product Design Tips? We are offering a 15-minute, FREE telephonic consultation. Just call Jim Grimes at 714-323-1052 between 8:00 AM to 5:00 PM PST.

Medical Device Product with Embedded Software – Important Things to Know

Medical Device Product with Embedded Software – Important Things to Know

Developing a medical device product is always a challenging, time-consuming, and an arduous task. However, developing a medical device product that includes software (products with embedded software), is even a more demanding task. Today’s medical device products with embedded software are able to save lives, but there is still room for more innovative medical device products. Getting a new, innovative medical device product with embedded software into the market is certainly very lucrative, but more importantly, a revolutionary medical product can change the face of the healthcare industry by providing better healthcare treatments and services.

If you have a ground-breaking idea for a new medical device product with embedded software, then you should definitely consider bringing it to life. If you proceed carefully, you will certainly achieve success with your conceived product. Before you start with the medical device development, however, you should know about the four important things.

Is it really a medical device?

Before you initiate the medical product development, you need to first determine whether your conceived product will be considered a medical device or not. As per the FDA (Food and Drug Administration), “Medical devices range from simple tongue depressors and bedpans to complex programmable pacemakers with micro-chip technology and laser surgical devices [sic].” Therefore, a simple tongue depressor or a very complex CAT (Computerized Axial Tomography) scanner is a medical device, rather a medical device with embedded software in the latter case, but an activity tracker, like Fitbit’s wristband, is not a medical device. For that reason, it is vital to first find out how your conceived product will be classified. You need to know whether your conceived product can cause any harm. You also need to find out whether there are any safety risks involved.

If you are developing a medical device product with embedded software, knowing how your product will be classified will certainly have a major impact on the product development process, affecting factors such as assessing the development costs and timeline, creating the documents required for FDA approval, and testing the product.

Is your project scope defined accurately?

If you do not know the limits of the complexity of the project, software needs, and the security requirements, you may totally underrate or overrate the product development efforts required. Will your medical device need complex mechanical components to function, or does it need to upload data to the servers to process and generate reports?

When you are trying to ascertain the complexity of your project, think about how many components the conceived medical device product might have. This will help define the timeline and cost of the project. Also, for the software part, you will need to get a clean user interface, which is easy to understand; hence, spend some time understanding the interface part. When defining the scope, be sure to take into account the complexity of the user interface development.

Modern, complex medical device products with embedded software are often backed by mobile applications, which control the medical devices through smartphones and tablets. If your conceived product needs mobile apps, clearly define it in your scope.

Do you have any plan for the maintenance?

What is your plan for maintaining the software aspect of your conceived medical product? The FDA in its guidelines includes the corrective and preventive maintenance of the software. Having a plan for the maintenance will factor toward the development efforts and the long-term success of your product. If the new version of the OS (operating system) releases, how the software of your product will be updated? Will the update affect the functionality of your product? Will it improve the performance and fix software bugs if there are any?

For medical product development, creating a plan around such questions is vitally important.

Do you need a product development partner?

Medical device product development is no easy task, and if any step is missed, it could result in costly delays. Everything needs to be perfect when it comes to medical product development. Having a reliable product development partner will make a big difference and prove to be in your best interest.

Have a complex product idea in mind, like a medical device product with embedded software? Want to bring your idea to life? Get in touch with vastly experienced industrial engineers at GID Development Corporation.

GID Development Corporation is one of the top product development companies in the US. They provide agile and economical product design, rapid prototyping, and product development services to inventors throughout the US and across the globe. Utilizing their vast experience and technology like 3DEXPERIENCE Platform, which features BIOVIA, CATIA V6, SIMULIA, etc., the skilled industrial engineers at GID Development Corporation can help design, prototype, and develop medical device products with embedded software, electromechanical products, sports products, and all sorts of complex products.

So no matter how simple or complex your product idea is, GID Development Corporation will bring it to life. To learn more about the leading product development company in the US, GID Development Corporation, visit https://www.gidcompany.com/.

Have any questions regarding medical device product development? Call Jim Grimes at 714-323-1052 between 8:00 AM to 5:00 PM PST, for a 15-minute FREE telephonic conference. He will answer to various questions regarding medical device product development.

Rapid Product Designing & Rapid Prototyping – Advantages

Rapid Product Designing & Rapid Prototyping – Advantages

New product design and product development, both have come a long way today. Traditionally, product designs were hand drawn. Now, Rapid Product Designing are creating detailed, clear product designs using special-purpose computer applications, like Dassault Systèmes’ 3D EXPERIENCE 2016, SOLIDWORKS, and 3DVIA among many others.

For product development, specifically the product prototype development, engineers nowadays are utilizing revolutionary additive manufacturing (popularly known as 3D printing) processes, which include selective laser melting, fused filament fabrication, direct metal laser sintering, and stereolithography to name a few.

These modern rapid product designing and rapid product prototyping techniques are geared toward the swift, precise, and effortless development of new products. More importantly, with these state-of-the-art techniques, it is possible to minimize the cost of new product development! Let us look at some of the advantages that these computer-assisted 3D product designing and 3D printing techniques offer.

  1. These contemporary techniques radically minimize the time of turning a product concept into reality. Simple product concepts can be brought to life in a matter of days, and complex product concepts in a matter of a few months. Therefore, inventors can quickly realize their dreams of swiftly getting groundbreaking products into the market and selling them to make profits.
  2. These techniques help save money. Creating product designs using computer applications means getting definitive designs with a minimum number of attempts; hence, it avoids the redundant costs of creating multiple product designs. 3D printing, on the other hand, eliminates the need for plastic product manufacturing tools or other molding tools needed for building product prototypes. This elimination of tools substantially saves money for the inventors.
  3. The modern techniques help mitigate product redesigning risks. Since the product designs are created virtually on the computer, they are, in most instances, ideal in every manner. Even if they are not, or if any changes are required, the product designers can quickly and effortlessly modify or change the product designs. These new product designs are then efficiently and economically 3D printed, saving time, money, and more importantly, the efforts of doing everything from scratch for the inventors.
  4. The techniques facilitate in the creation of the definitive product. Because 3D product designing is carried out virtually, using special computer applications, the chances of leaving out any product construction requirements are almost next to nothing. In the virtual world, the product designers and product developers can test almost every aspect of the conceived product. This way, they can add, remove, and experiment with the various features of the imagined product without actually creating any mockup or prototype!
  5. These techniques allow quick creation of product prototypes. Once the product designs are ready, they will be fed to a 3D printer (it’s a kind of an industrial robot). The 3D printer is then configured according to the required specifications. Once the 3D printer is configured, it will then extrude material into the desired shapes. The entire process, from feeding the product design into the 3D printer to the extrusion of the material into the desired shapes, is substantially swifter than injection molding techniques.
  6. These breakthrough techniques enable the creation of custom shapes. The 3D printer extrudes the material into desired shapes or geometries based on the instructions received from a computer. In simpler words, a 3D printer prints a material, instead of ink, based on the design it is provided. Ergo, it is possible to create custom, intriguing shapes effortlessly. This advantage of these techniques is very beneficial when it comes to medical device product development as well as electromechanical product development.
  7. These techniques make it possible to develop product prototypes using any material. Not only polymer and its variants, but 3D printers are capable of accepting and printing materials like rubber, ceramic, edible materials, and almost any metal alloy!

These were just some of the many advantages that rapid product designing and rapid product prototyping techniques offer. They are just ideal for new product design and new product development, especially product prototype development.

If you are an inventor and want to realize your product idea with these revolutionary product design and product development techniques, then partner with GID Development Corporation. A leading product design company in California, USA, GID Development Corporation provides rapid product design, rapid prototyping, rapid product development and other new product fulfillment services. They even have the ability to develop CNC-machined prototypes using different plastics and metals. This ability of GID Development Corporation comes in very handy, especially when the raw materials for rapid prototyping processes are not suitable or durable enough for the conceived product.

Whether you have a revolutionary idea for a medical device product, sports product, electromechanical product, a product with embedded software, product with electronics, or any unique product, the product development company in California, GID Development Corporation will absolutely “GET IT DONE!”

Have any queries regarding rapid product prototyping or 3D printing? Just call Jim Grimes at 714-323-1052 between 8:00 AM to 5:00 PM PST, for a FREE 15-minute telephonic conference. He will answer to various questions regarding product design, product prototyping, and product development. You can like our Facebook page well.

How to Take Your New Product with Electronics to the Market?

How to Take Your New Product with Electronics to the Market

So you have a novel idea for a new product with electronics? How would you realize your product idea and take it to the market? Well, develop a product prototype, get it bulk-manufactured, and start selling! It sounds very simple, isn’t it?

The reality: nothing is simple or easy about introducing a new product into the market. And, it is even more challenging and arduous when it comes to introducing a complex product, like a new product with electronics, to the market.

Most budding innovators have the false impression that they can take a new product from concept to consumers in a short time, like within a year. That is not true for most products – even untrue for simple products.

Taking a new product with electronics to the market is expensive. Most innovators and startups do not have enough money or risk tolerance to create a definitive product in one step. If they, however, take several small steps, they can get success with their new product. Here is what an innovator or startup should do in order to realize their product and take it to the market.

Validate the Product Concept

In order to prove your product concept, the best thing you can do is create a product prototype. You will need to have a functional prototype of your conceived product. While developing a prototype, ensure to keep the cost of development as low as possible. Since your conceived idea is for a product with electronics, you will need to use breadboards as well as certain electronic modules.

A breadboard helps create an electronic prototype without the need of a specific or definitive PCB (printed circuit board). A breadboard is generic and reusable, so you can create any circuit on it again and again. It is an excellent board for creating and experimenting electronic prototypes.

To create a prototype for a product with electronics, you can also use Arduino. Arduino is a popular electronic development kit, which helps create advanced prototypes for products with electronics. Arduino is a microcontroller-based kit, and the best thing about it is, it is very inexpensive.

Electronic modules are those components that are designed to perform specific functions. For instance, electronic modules may be used to execute functions like video capture, GPS, Bluetooth, and Wi-Fi among many others.

While a product prototype is not something that you can sell into the market, it is certainly the “Thing” that helps you prove, your conceived product idea actually works.

Validate that the Product Will Sell

In order to prove that your conceived product can actually be sold in the market, you will need to create a definitive prototype – a close substitute for the final product. This close substitute or definitive prototype needs to be produced in a small quantity so that they can be sent to the market for testing and getting valuable feedback.

Innovators will never know what the customers precisely want. They can assume, but will not know what the potential users actually want. The best way to know what the customers want, however, is with their feedback!

So to create a close substitute or definitive prototype for your product with electronics, you will need to look farther than electronic development kits (breadboards and Arduino). What you will need is actual printed circuit boards, specifically designed for your conceived product. On this PCB, you will need to integrate actual electronic components. This prototype should perform all the functions that are expected in the final product.

Unlike initial prototypes, creating definitive prototypes is challenging. Therefore, partnering with a product prototype development company that has experience with the development of products with electronics is a good idea. Such a product prototype development company has the knowledge in the field of electronics, and will help create definitive product prototypes that can be put on the market for testing and getting feedback.

Now the Profit

In order to make the profit, you need to create a perfect final product or an archetype, bulk manufacture it, and send the bulk-manufactured product to the market to the actual customers. An archetype of a conceived product is created after eliminating defects and improving certain functions based on feedback received on the definitive prototype.

Once the archetype is ready, the next step is to partner with a manufacturer. Since it is a product with electronics, it will need a plastic casing. Therefore, you need to partner with a unique plastic product manufacturer who not only specializes in plastic product manufacturing but also in handling electronics. If the unique plastic product manufacturer has the experience in helping take the bulk-manufactured products with electronics to the market, then it is an added advantage. Else, you will need to find professionals who can help bring your new product to the market.

If you have a unique idea for a new product with electronics and want to realize the product and bring it to the market, then professional help is available! GID Development Corporation, an eminent product design company in California, helps innovators in designing, prototyping, and developing a wide range of products, including products with electronics, electromechanical products, products with imbedded software, sports products, medical device products, and more. Aside from product design, product prototype development, and new product development, GID Development Corporation also specializes in plastic product manufacturing. With its plastic product manufacturing specialization, GID Development Corporation can help bulk manufacture a wide range of products. The professionals at GID Development Corporation also assist innovators to take their new products to the market.

To learn more about GID Development Corporation, a leading product design company in California, visit https://www.gidcompany.com/.

You can now have a free 15-minute telephonic conference with one of the professionals at GID Development Corporation. Just call Jim Grimes at 714-323-1052 between 8:00 AM to 5:00 PM PST.

Getting a Product Prototype Developed

Getting a Product Prototype Developed

Product prototype development is one very important step. No entrepreneur inventors can successfully bring a new product to the market without having a prototype developed for it first. A product prototype is the first physical form of a conceived product idea. It gives a better perception, whether the product would work or not. A product prototype also helps identify any problems that the product may have; knowing what the potential problems are beforehand will help eliminate those problems and make the final product better.

For entrepreneur inventors, product prototype development can be radically tough. Fortunately for them, they do not have to make prototypes themselves, as there are many product prototype development companies, engineering firms, machine shops, and other specialized places that can create product prototypes swiftly. Here are some steps that entrepreneur inventors should consider when it comes to product prototype development:

Step 1. Create conceptual sketches of the imagined product, and then create exhaustive drawings for the same. To create conceptual sketches, inventors can try the traditional approach – use a pencil/pen and paper. They can also hire someone to draw the sketches. Rough sketches of the conceived product are necessary. Based on these rough sketches, inventors should get detailed drawings of the product drawn on the computer. CAD (computer-aided design) applications can help in this regard. These detailed drawings are what inventors need in order to explain their product concept to the prototype development company.

Step 2. Search and team up with a good product prototype development company that can help create reliable prototypes based on the requirements and detailed drawings. If the conceived product is to be made from plastic, partner with a product prototype company that specializes in plastic product manufacturing. If it is to be made from metal, seek a company that specializes in creating metal prototypes. If the conceived product is to be made from thermoplastic, rubber, ceramic, or other such malleable materials, then approach a prototype development company that specializes in rapid prototyping or 3D printing (additive manufacturing). Rapid prototyping and 3D printing, by the way, are modern processes that facilitate swift product prototype development.

Note: Get the prototype developed of the same material you intend the final product to be made of; that way, you can get the proper understanding and feel of the conceived product.

Step 3. Redevelop the prototype, until it becomes the archetype of the conceived product. No one can have the perfect prototype on the first try. Several prototypes need to be developed in order to get the archetype, based on which mass production can be initiated. There are certain technologies available, like DS 3DEXPERIENCE Platform, which includes SOLIDWORKS, SIMULIA, GEOVIA, CATIA V6, etc., that help create swift and accurate prototypes; yet, at least, few prototypes need to be made. Often, the redevelopment of prototypes arises due to functional or structural changes; however, other factors may also incite the redevelopment of the prototype.

Step 4. Initiate the mass manufacturing based on the archetype or final product prototype. Now that the archetype or the final product prototype is ready, which is perfect in every sense, entrepreneur inventors should proceed with mass production of the conceived product. Partner with a reliable product manufacturer or, if the budget is not the constraint, set up your own manufacturing facility. Once the product starts rolling out in bulk quantity, take it to the market and start selling to the potential customers.

If you need help with product prototype development, then get in touch with GID Development Corporation. A leading product prototype development company in California, GID Development Corporation not only provides prototype development services, but product design, product development, and other product fulfillment services as well. Just head over to https://www.gidcompany.com/ to learn more.

GID Development Corporation always believes in assisting their customers in any way they can; hence, they are currently offering a 15-minute free telephonic conference to answer various product design, product prototyping, and product development-related questions that the entrepreneur inventors may have. All the entrepreneur inventor needs to do is call Jim Grimes at 714-323-1052 between 8:00 AM to 5:00 PM PST. Checkout our product Steri-Write.