Case Study: Cost Analysis. Traditional Approaches vs. CustomPartNet A new method of web-based cost analysis that's fast, free, and accurate Introduction. Steve works in a small ten person company. For the last two years, he has been designing sheet metal battery housings for a bio-medical product designed and marketed by his company. Steve's Custom Solutions is Evaluate’s bespoke analytics service helping clients to address unique scientific, clinical and commercial challenges. We use robust, comprehensive and proprietary methodologies founded on our industrywide data to deliver projects that provide the most rigorous analysis and insights designed to support clients in addressing their specific requirements and challenges blogger.com cases combine state-of-the-art technology with the latest design styles and directions. Our easy-to-use online tools make it simple to create completely customizable mobile phone and tablet cases for the iPhone, iPad, Samsung Galaxy and Samsung Note with names, monograms and initials or favorite photos
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Steve works in a small ten custom case analysis uk company. For the last two years, he has been designing sheet metal battery housings for a bio-medical product designed and marketed by his company, custom case analysis uk.
Steve's company's main client would like them to explore the possibility of replacing the sheet metal housing with a plastic housing. Steve has a good idea about how the plastic housing will look. He has seen an example of a plastic housing being used in a competitive product. However, his boss wants to learn about the cost before deciding to switch to the plastic. He asks Steve to figure out the cost of making an injection molded plastic housing.
Steve is really excited about this project. Steve sets out to get an estimate for the injection molded battery housing, but encounters many obstacles. He custom case analysis uk multiple approaches recommended by his co-workers, but after each attempt, Steve still does not have an answer and grows more frustrated with the project.
Hearing about Steve's difficulty in acquiring an estimate, a co-worker informs Steve that he has recently heard about a website called CustomPartNet that he should investigate. Steve locates the website and finds that he can easily browse through an extensive reference part gallery for injection molded parts.
He quickly identifies a housing that meets his specifications, shown below. Steve is able to view the cost estimate for the housing and can even change the material and wall thickness of the reference part to exactly match his specifications.
The system uses up-to-date market information to instantly produce an updated cost estimate. Steve also performs several what-if scenarios to see how changing the quantity, material, and part size will affect the cost.
In addition, an extensive glossary helps him understand the specialized terminology used in the injection molding community. Steve is able to invite his brother-in-law Bill to add comments and help refine his analysis. He presents a very detailed cost analysis report to his boss and his boss decides that they should switch to the plastic part.
The system also allows Steve to search for qualified molders, based on the part parameters, who can mold the part for Steve. Login Register for free!
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Case Study: Cost Analysis. Traditional Approaches vs. CustomPartNet A new method of web-based cost analysis that's fast, free, and accurate Introduction Steve works in a small ten person company.
Traditional Cost Analysis Approaches Steve sets out to get an estimate for the injection molded battery housing, but encounters many obstacles. First Attempt: Steve does research on the internet and finds a molder that looks very promising. Their website says that they are extremely cost competitive and very experienced with the latest injection molding technology.
They also have great customer testimonials on the web site. Steve calls the molder. The molder custom case analysis uk that Steve should send them the engineering drawing of the part and they will provide him a quote within 48 hours. Unfortunately, Steve does not have a detailed engineering design yet. So, he cannot send them the drawing. To make matters worse, once Steve mentions that the project is exploratory and he does not have a detailed drawing, the molder looses interest, custom case analysis uk.
Even if Steve had the engineering drawing, his boss would never approve sending drawings of a key product to an unknown molder. Second Attempt: Steve contacts his college roommate John who now works at a very large company and has access to the best-in-class cost estimation software.
John invites Steve to visit him and try his cost estimation software. Steve visits John's company and starts using the software, custom case analysis uk. The first three questions are relatively simple and Steve has no trouble answering them.
But then the questions start getting increasingly harder and becoming very specific about the molding process. Steve custom case analysis uk no idea whether he needs insulated runners or not.
All he wants to do is to run away. John suggests that Steve attend a highly informative training session by the software vendor. Steve comes back to his office and talks custom case analysis uk the software vendor.
Steve does not want to ask his boss to spend 25K on this software. So, Steve orders the book online - it has great reviews. Steve cannot wait for the book to arrive. Finally, two days later the book arrives, custom case analysis uk. Steve starts working through the formulas. It is a pain to use them. But, it is certainly better than nothing. Suddenly, custom case analysis uk, Steve notices that the book mentions that the data is based on a survey done over 15 years ago.
He is very upset. He thinks about writing an angry review but it won't help his project. Fourth Attempt: Steve custom case analysis uk his brother-in-law Greg to discuss his problem. Fortunately, Greg's company has ordered ten custom case analysis uk plastic parts in the last three months. Greg shows those new parts to Steve. One of them turns out to be close to Steve's specifications for his part. Fortunately, Greg works in a company that is custom case analysis uk a different enough market from Steve's company, custom case analysis uk.
So, Greg has no trouble in sharing the cost data with Steve. Finally, Steve has a rough estimate for his injection molded part. However, Steve would like to find out how the cost would be different if he changed the part to his exact specifications. Unfortunately, Greg cannot help him with that question. Cost Analysis with CustomPartNet Hearing about Steve's difficulty in acquiring an estimate, a co-worker informs Steve that he has recently heard about a website called CustomPartNet that he should investigate.
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