“The survival of many hardware companies depends on their ability to optimize their product’s Bill of Materials (BOM) cost.”
Making a profitable hardware product is tough these days. If it wasn’t hard enough with global component supply shortages, increasing lead times, increasing component and labor costs; we now have to worry about tariffs. The survival of many hardware companies depends on their ability to optimize their product’s Bill of Materials (BOM) cost. This post focuses on practical strategies to reduce the cost of making your product.
After receiving quotations from your selected Contract Manufacturers (CMs), it’s not unusual for the…
“I’m coming to China to meet some factories, what should I bring and what should I know before coming?”
Here are a few recommendations for first timers :
Plenty of Business cards
At a single factory you could easily meet over 20 people from different departments so make sure you bring plenty, running out is embarrassing. The business card exchange is a sign of respect and there is somewhat of a formality to it. Stand up, give your business card with two hands and receive with two hands. …
Josh Savage
GM of Sphero (HK). Oversees the development and manufacturing of Sphero’s sophisticated robotic toys in China. Over 11 years living in HK.
