Selecting the Right Prototype Manufacturing Company
Are you looking for a reliable prototype manufacturing service? If so, finding the right prototype company to work can determine your success with your new product. However, the problem is that there aren’t many resources that evaluate prototype manufacturing companies, so it can be difficult to figure out who to work with. The best way to determine the right prototype company to work with is to ask key questions and see which companies can meet your needs.
Start with the Prototype Portfolio
The best place to start is to figure out if the prototype manufacturing company had successfully developed a product similar to what you’re looking to create. It obviously does not have to be the same product, but the portfolio should contain a product somewhat related to yours. For example, if you’re looking to create a consumer product, see if the prototype company has created consumer products before. If you need a high quality industrial product, then look for companies that have these products in their portfolio. The same applies to tech products. You’ll find that only a few companies will have the experience to meet your needs.
Evaluate Their Prototype Service Team
There are many aspects of product development from research and development, design, market testing, marketing, to product testing. You want to work with a prototype manufacturing company that has a team fully equipped to handle all aspects of the prototype manufacturing. So think clearly about what you need from the prototype manufacturing company before you start asking about their services and their in-house team.
Look for a Prototype Manufacturing with Small Minimum Orders
Another important thing to look at in a prototype manufacturing company is minimum orders. Most prototype manufacturing companies will have a minimum order quantity that is a part of the contract. If you’re a small business owner, then you need to keep your orders small until you feel that you can scale. Higher minimum orders means that you’ll exceed your budget very quickly and end up spending more of the money on the production rather than the product development.
Bill of Materials and Product cost Assessment
If you want to bring your product to market, then you need to ensure that you know your costs. A good prototype manufacturing will give you a bill of materials so that you understand the breakdown of the costs. A good prototype manufacturing company can also help you assess the market. In order to keep your costs low and margins high, you need to be able to materials that are optimized for the right pricing. The prototype company will have an understanding of what materials can be used for your product and how to achieve a balance between quality and cost effectiveness.
The Prototype Company’s Lead Times
Many business owners opt to use their prototype company as a long term manufacturer. If that’s what you’re planning on, you need to make sure that your prototype company has short lead times. Some prototype manufacturing companies focus mostly on the development of the product. When you start to sell your product, you need quick turnaround times to fulfill orders and build and inventory. Delays in orders can lead to returns, credit card charge backs and negative reviews. Ask the prototype company about their capabilities and visit their production facility to see for yourself what volumes they can handle.
Those are some of the things you need to look at to select the right prototype manufacturing company. Prototype manufacturing can be costly, so you don’t want to compromise and go with a prototype company that can’t fully meet your needs. Keep looking for and talking to different prototype manufacturing companies until you find the right fit. Eventually, you’ll come across a prototype company that fits in your budget and can deliver on the services you need.