May 2020
Intermediate to advanced
496 pages
13h 54m
English
Depending on the application, the BOM's cost may be a significant driver or hardly a consideration. Generally, BOM costs come under increasing scrutiny in high-volume applications. However, with lower volume products, it is often wise to focus more on minimizing the development time and effort of a product, rather than achieving the lowest BOM cost possible. By focusing on minimizing the amount of engineering effort and development time for a low-volume product, the product will get to market sooner. Not only does the product start generating revenue faster, but it also accrues less non-recurring engineering (NRE) costs. Less NRE leads to a faster return on investment (ROI) for the product being developed. Faster ROI ultimately makes ...