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.

The Importance of New Product Design – Manufacturing Cost Perspective

The Importance of New Product Design – Manufacturing Cost Perspective

Introducing a new product into the market is a dream come true for every inventor. Introducing a new product, however, is not easy. While conceiving an idea and outlining it on a piece of paper might be simple, creating a new product from that idea is certainly a challenging task. New product development involves the creation of a constructive new product design, development of alpha and beta prototypes, testing of the prototypes, development of production tooling, mass-manufacturing of the new product, distribution of the new product, and many other crucial processes in between. Each new product development stage is vital, but in this blog, we will shed some light on new product design.

Like every other stage involved in new product development, the stage of new product design is very important. Because it comes in the early stages of new product development, understanding the product design stage demands a bit more attention. Besides, since it is one of the primary stages of new product development, the entire outcome depends on it; hence, more care is needed during this stage – the product design stage.

The success of any product heavily relies on its product design. Product design by definition can be said as, “a process of defining and creating constructive designs for a product, so as to ensure that the new product becomes successful in the market.” New product design addresses numerous things, however. For one, during the product design stage itself, the inventor can get a clear idea whether or not it is possible or feasible to create the new product. Another crucial thing the product design addresses to is the cost of manufacturing the conceived product. Most inventors, often overlook this “new product design and cost of manufacturing” aspect. In fact, some inventors do not even know what the effects of new product design are on the cost of manufacturing the final product.

Product design is not only defining and creating alluring designs for the new product, but it is also about crafting practical, functional, and cost-effective designs for the new product. Aspects such as, how many parts the new product will have, how compact or large the parts will be, what material(s) the parts will be made of, what process will be used in the production of those parts, and many others are also included in product design. After numerous brainstorming sessions, computer analysis results and mock-ups, a perfect new product design, or at least, a near-perfect new product design for a product is realized, which is beautiful, practical, functional, and most importantly, the one that facilitates economical mass-manufacturing.

Developing an efficient new product design is indeed an overwhelming task, and it might be impossible for inventors to develop such efficient designs on their own. Fortunately, there are professional product design companies, like the GID Development Corporation, that specifically deal with creating sensible new product designs and helping inventors develop successful new products at economical costs.

GID Development Corporation, an eminent new product design company in California, USA, has the experience, knowledge, tools and a team that help inventors with constructive product designs for their new product ideas. Utilizing cutting-edge technologies, like 3D EXPERIENCE Platform from Dassault Systèmes, which includes SOLIDWORKS, CATIA V6, and other apps, and their decades of experience, the veterans at GID Development Corporation create definitive product designs that are neat and functional as well as feasible and economical to mass-manufacture. Whether it is creating an efficient product design for electromechanical products, medical device products, products with imbedded software, products with electronics, or any other generic or special-purpose products, GID Development Corporation will “Get It Done!”

Some of the product design principles that GID Development Corporation follows include:

  1. Derive visually-appealing product design that is error-proof to assemble and easy to mass-manufacture with shortened product development cycle time
    • Determine and select cost-effective material(s) and production process
    • Attain a knowledge base of tooling requirements
    • Develop efficient production tooling
  2. Create a modular product design with minimized parts count
  3. Design parts with self-locating features
  4. Design parts with self-fastening features
  5. Emphasize “Top-Down” assemblies
  6. Design for a base part to locate other components
  7. Design for component symmetry for insertion

Adhering to all the above product design principles, and other ubiquitous as well as unique design principles, GID Development Corporation creates exceptional new product designs, which facilitate economical mass-manufacturing.

Along with new product design, GID Development Corporation also helps inventors with new product development, product prototype development, product prototype testing, product pre-tooling development, product mass-manufacturing, product branding, product distribution and many other product fulfillment services.

Learn more about new product design company in California, GID Development Corporation, by visiting https://www.gidcompany.com/.

Currently, GID Development Corporation is offering a free telephonic conference to help answer various product design and development-related questions that inventors may have. Anyone who is interested can just call Jim Grimes, one of the veterans at GID, at 714-323-1052 between 8:00 AM to 5:00 PM PST.

Steps in the New Product Development

Steps in the New Product Development

New product development may seem as simple as forming an idea for a revolutionary product, manufacturing it, and putting it on the market, bringing it to the customers. Well, the reality is that new product development is a complex process, which involves contributions from many skilled individuals. New products should not only be useful inventions that can be mass manufactured and sold for profit, but they should also be safe to use, protected by intellectual property rights, and more importantly, be easily marketable.

Here are some steps, explained by GID Development Corporation, a product development company in California, USA, which are involved in new product development.

Germinating Ideas

The primary stage of a product development is coming up with a fantastic idea for a new groundbreaking product. Oftentimes, new products are introduced in the market by first recognizing a specific need in the market and then developing a product to satisfy that need. Sometimes, revolutionary product ideas also occur just by chance or an unusual incidence that triggers the concept in the mind of the innovator.

Researching Plausibility of the Idea

The next stage of the product development is finding out the plausibility of the idea. In other words, the innovator needs to find out the degree of acceptability, usability and the value of the conceived new product. Knowing how well the potential customers will receive the new product is vital. It prevents a lot of time, money, resources and efforts on the development of products that are worthless to the potential customers.

Concept Development

Development, or rather, enhancement of a concept is the essence of new product development. It includes, but not limited to getting a grip on the basics, such as market research, material selection, material costs, product design costs, prototype development cost, overall manufacturing costs, potential profit, target regions, target customers, and so on.

Actual New Product Development

Actual new product development is the stage where the conceived idea and all the researched and concept development data are amalgamated and put into action. A product development company starts with the creation of new product design, using researched data. After the creation of a definitive product design, the company moves on to the development of prototypes. Then, the prototypes are tested, and changes are made until an idealized new product is realized.

Bulk Manufacturing

After realizing an ideal new product from the conceived idea, the product is bulk manufactured. Usually, it is affordable to outsource bulk manufacturing. If the budget is not the constraint, your own production facility can also be set up to bulk manufacture the new product.

Commercialization

The commercialization stage of new product development involves packaging, branding, logistics, warehousing, as well as rolling out the advertising and marketing campaigns. In short, commercialization is a stage of bringing new products to the market and to the potential customers.

New product development is a complex, time-consuming, and arduous process. An innovator cannot tackle the new product development process on their own. Luckily, product development companies, like GID Development Corporation, are established that can help innovators with the entire product development process.

GID Development Corporation is an American product development company based in California. Utilizing their vast experience and the most advanced technologies, like Dassault Systèmes’ 3DEXPERIENCE platform, which includes product design and product development apps, such as CATIA V6, ENOVIA, 3DVIA, SOLIDWORKS, and more, the veterans at GID Development Corporation assist innovators in every stage of new product development. Whether it is the development of medical device products, mechanical products, electrical products, electromechanical products, products with imbedded software, or any other types of products, GID Development Corporation will always thrive.

To learn more about GID Development Corporation, visit https://www.gidcompany.com/.

GID Development Corporation is currently offering a free 15-minute telephonic consultation. Anyone who is interested should just call Mr. Jim Grimes, one of the pros at GID, at 714-323-1052 between 8:00 AM to 5:00 PM PST.

ElectroMechanical Products – Get It Done With Development Corporation

ElectroMechanical Products – Get It Done at The GID Development Corporation, USA

Electromechanical product development is not a difficult process but, yes, a bit more complex than ordinary product development processes. It includes the same of sets of manufacturing stages including, conceptualization, designing, prototyping and bulk manufacturing. But, what are exactly electromechanical products?

Electromechanical products can be defined as products with both electrical and mechanical parts. The whole process of electromechanical product development remains the same as the routine product development, the only difference is, realizing and manufacturing of these products necessitates supplementary mechanical and electrical engineering. The process of integrating electrical engineering and mechanical engineering in a product may sound simple, but in fact, it’s a complicated process demanding 100% precision.

The branch of electrical engineering is widespread with in-depth presence in almost every genre of product. It deals with the study and application of not only the electronics and electricity but electromagnetism, as well. While these are some misunderstood topics for a common inventor or a business person, the final products of electrical engineering are all the things that operate on some form of electricity, which we usually see in our surrounding daily activities. This may include products such as power grids to computers to light bulbs to smartphones to spacecraft to automobiles, everything that requires some sort of electricity to operate is a result of electrical engineering.

On the other hand, mechanical engineering is a branch of engineering that is multiple times broader than electrical engineering. This genre of engineering comprises the study and application of thermodynamics, electricity, mechanics, kinematics, material science and structural analysis to name a few. Unlike other branches of engineering, mechanical engineering is also quite difficult for a normal person to understand; however, the final products of mechanical engineering are machines and devices that we find in our surroundings. Most common products in our surroundings that utilizes one or other principles of mechanical engineering are toasters, door locks, automobiles wristwatches, elevators, aircrafts, etc.

In the 21st century, the demand of multipurpose and revolutionary electromechanical products is surpassing every expectation. These list of electro mechanical products involves every product that could make people’s life more comfortable and convenient. Innovators / entrepreneurs have the ideas for awe-inspiring electro mechanical products that could change the way we live and perform our day to day tasks, but conceptualizing and bring those ideas to life is bit complicated or impossible for most of them. Opportunely, there are product design and development companies that help these innovators / entrepreneurs live their dreams.

If you are an entrepreneur or innovator with an idea for electromechanical products, products with imbedded software, medical device products, products with electronics or something similar that can create a buzz in the market, the GID Development Corporation can help.

With more than four decades of industry experience and a significant track record of customer satisfaction, the GID Development Corporation is an American product design and manufacturing company led by industry veterans. Based in California, GID has the in-house teams of product designers, engineers, prototyping experts and project managers to bring ideas to life in the most lucrative manner. For the development of 100% precise product development at reduced cost and time, they utilize the latest technologies, like Dassault Systèmes’ 3DEXPERIENCE platform that includes CATIA V6, ENOVIA, 3DVIA, SOLIDWORKS, 3DEXCITE, and more.

They have the team, technology and vehemence required to the development of revolutionary electromechanical products, products with electronics, medical device products, products with imbedded software, or anything else, GID Development Corporation will “Get It Done.”

Learn more about GID Development Corporation and how they can help you bring your ideas to life Call Jim Grimes at 714-323-1052 between 8:00 AM to 5:00 PM PST for a free consultation. Checkout our product Willis Auxiliary Power Systems.

Plastic Product Manufacturing – Tips to Find the Best Product Development Company

Plastic Product Manufacturing – Tips to Find the Best Product Development Company

If you are dealing in plastic products or parts, then you don’t need to manufacture those parts or products on your own. You can hire a plastic product manufacturing company to design and develop custom plastic parts for the optimum functioning of your business. There are product development companies in the United States and beyond the borders of the United States to help inventors and businesses with what they require and how much they require.

However, not all product manufacturing companies are reliable and professional when it comes to manufacturing plastic products from scratch. It will be in your favor if you choose a plastic product manufacturer with adequate experience, workforce, and technology to transform your idea into a money-making product. Here are a few tips to help you find a plastic product manufacturing company that will fulfill your budding plastic parts demand.

If you are a startup, then you should focus on the type of materials the company uses. Every product development company is different from each other, similarly not all plastic product manufacturers are going to make use of all types of raw materials to develop plastic products. Some manufacturing companies may possess expertise in creating plastic products using raw materials such as polyurethanes, whereas others may prefer polyethylene terephthalate, polyamides (nylon), polyvinyl chloride, etc. to develop new plastic products. Every raw material has its characteristics, each suitable for a specific purpose; hence, partner with a company that can recommend and handle the specific plastic material that you want for your parts or products.

Some plastic product development companies offer additional services to help inventors. The supplementary services can help you overcome any unwanted product development blunders. Some product manufacturing companies may also assist with rapid prototyping to help you test the feasibility of the concept. Partnering with such a versatile product development company can be worthwhile for you.

Whether you are a startup, a mid-sized business, or a big brand with an international presence, teaming up with a reliable plastic product manufacturing company procures tons of benefits for you. These include plastic products for vivid industries such as agriculture, transportation, medical, sports equipment, automotive, and retail to name a few.

If you are in search of a reliable plastic product manufacturing company in the United States, then the GID Development Corporation is worth considering. Propelled ahead by the team of the most skilled and experienced industry professionals, GID offers exceptional designing services, prototyping, manufacturing, and services in between. Call Jim Grimes at 714-323-1052 8 am – 5 pm PST for a free consultation.

Product Design – 3 Reasons Why Second Opinion Design Review is Good Before New Product Development

Design Review

New product development being a complex and critical process, it’s always a good idea to get a second opinion product design review before you opt for product development. Whether you are looking forward to develop products with electronics, electro-mechanical products, products with imbedded software, medical device products or anything else, a second review certainly helps you save your time and money.

The GID Development Corporation shares with you some of the reasons a second opinion is a smart move when it comes to custom / new product development.

Big Brands Always Get Second Opinions on Product Development:

It’s a universal fact that a new line product hitting the shelf is reviewed by dozens of engineers and clears multiple quality checks. To avoid any manufacturing complications, big brands across the globe ensure that all engineers designing new products get lots of second opinions from other designers.

In the product design and development industry, second opinions are termed as design reviews. To ensure a fruitful second review, design engineers are required to present their new product design to other designers. This step certainly helps the designer to identify minor design issues that could lead to a major error.

Another reason why large companies emphasize on the second opinion design reviews is because electronic products, products with imbedded software and other modern day products are complex in nature, and regardless to the engineer, mistakes are almost made when designing anything complex. Therefore, it is in our favor to take every possible step to minimize the risk of design mistakes.

Second Opinions Will Reduce Your Prototyping Costs

Product prototype development is yet another expensive step involved in the process of new product development; therefore, being a responsible entrepreneur / inventor, we need to make sure that the design is accurate before prototyping.

Most product manufacturing companies prefer at least three revisions to get products ready for market; however, the number and severity of the changes required will be considerably decreased with design reviews. A second opinion design review before prototype development is one of the best ways to reduce manufacturing cost and time.

Your Wireless Design is Likely to Be Junk Without a Second Opinion

Manufacturing wireless products like WiFi, Bluetooth, or GPS is a job of high precision, and unfortunately, 75-85% of engineers get it wrong when it comes to designing wireless parts. Some mistakes are so major that the prototype may not work at all or may function in a very limited fashion.

Designing multifaceted products with imbedded software, electro-mechanical, electronic parts or something similar is quite different than ordinary products. Therefore, if you are planning a product with multiple functionalities, then you should get a second opinion.

To Conclude

The advantages of second opinion design reviews carry over into all the aspects of designing and manufacturing a new product. The opinion of multiple design veterans is always a smart move.

When it comes to new product development, hiring a product development company with years of experience and teams of engineers having specialization in different engineering fields is a wise move.

If you just had that your eureka moment, then the GID Development Corporation can certainly help you bring your ideas to life. Being one of the leading product manufacturing companies in the United States, GID offers A-Z services, from industrial design services to taking the new product to the consumers and everything in between. They have an in-house team of engineers, product designers, prototype developers, and other professionals that can help bring any idea to reality.

Along with the above mentioned reasons to partner the GID Development Corporation for your next product development venture, the NDA (Non-Disclosure Agreement) policy of the company is quite impressive. The company and its people are highly committed towards the Non-Disclosure Agreement (NDA) and protect their client’s intellectual property rights for their new product idea prior to their disclosure of any pertinent information. At the GID Development Corporation, a Non-Disclosure Agreement is placed at the apex of their product design and development process.

A Non-Disclosure Agreement covers customer-centric points such as;

  1. A complete contact information of both parties involved.
  2. Definition of Confidential Information
  3. Ownership of Confidential Information
  4. Phased Release of Discloser’s Confidential Information
  5. Term of the Agreement
  6. Termination Terms and Conditions
  7. Injunction relative to Recipient’s failure to perform
  8. Changes must be in writing and agreed to by both parties
  9. NDA does not constitute a partnership or joint venture
  10. NDA will be governed by the laws of a given State of the United States of America
  11. Brief Description of the idea and/or product
  12. Dated Signatures of both Parties

Armed with a properly crafted and executed NDA, the inventor can now freely divulge their idea and discuss it in detail while revealing their expectations for its success. Being a competent and professional design & engineering Firm, GID Company always proceed in this manner by insuring the client is protected at the start of Design & Development Process for a new or improved product idea.

To know more about NDA or to discuss your product idea, Dial 714-323-1052 and ask for Jim Grimes or visit their website https://www.gidcompany.com/.