As a general rule of thumb, it’s not a great idea to base your decision solely on a single criteria (such as price).
And here’s why…
Let’s take price, as an example.
Price is directly related to quality, so it stands to reason that the lowest estimate you receive will likely end up being the lowest quality product in the end.
In some cases a low-cost, low-quality component may be called for.
But you have to ask yourself, is this the vision I have of my product and is this what I originally intended to take to market?
To better answer these two questions, it is best to compare precision machine shops by every criteria available to you.
Let’s continue and explore several important points you should consider when having precision metal products manufactured.
Product Requirements and Testing for the Real World
Here are a couple interesting questions that you may not have asked while still in the design phase:
- What is going to happen to your product once it has been purchased?
- What real world stresses will it have to endure once it arrives in its operating environment?
- Could it be handle being stomped on, used like a hammer or rough-ridden by active children?
- Does your product need to be waterproof, airtight, or environmentally friendly?
- How about sun-proof or non-flammable… what’s the optimal temperature range for your product?
Questions such as these need to be addressed during the design phase… or put another way, sooner rather than later.
By asking and answering important questions during the design phase, you will face fewer issues once your product is operating in the marketplace.
Know Your Market: Who Needs Your Precision Metal Products Anyway?
What is your idea customer ‘avatar’ or who are your customers? Are they male or female… old or young?
What is the demand for your product?
What is the value of your product and of course, competitor products that market?
There is almost never a clear and free-wheeling path when it comes to introducing a product to the market.
Unseen barriers will likely crop up and delay your product launch and complicate the process.
Obstacles such as industry regulations, competitive pricing and product quality requirements could cripple your efforts to bring a product to market unless proper thought has been put into every aspect the your precision metal products success.
It can be as complicated as walking through a minefield when attempting to design and bring a product to market.
But that’s why you want to carefully select a custom manufacturer that understands your company’s individual needs and is eager to work with you.
This can be a hard combination to find, but in the end you will be much happier with your precision metal products and a mutual relationship with your products manufacturer.