SEED
Guides
PDS
29 points
<
>
3 Target production cost
This is an estimate of what it will cost to make your product. Set a figure early in the design process:
- Be realistic. Beware of underestimating
- At the same time, bear in mind the prices of competing products; study cost patterns carefully
- Estimate the cost of production in the factory. Too high a cost will price you out of the market
If your company uses whole life costing, take account of maintenance trade-off and down-time.