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Factors That Contribute To Electronic Equipment Product Costing

ByLarry k Norva

Jan 8, 2021

All the electronic equipment manufacturers need to make sure that their products are priced very nominally. As the competition level is high in all the industries, careful pricing is very crucial to stay above the competition. Carelessly priced products will end up running into issues in terms of getting enough traction in the industry and may fail to attract enough customers.

If you want to improve your product pricing strategies, it is vital that you understand all the components or factors that affect your product costing. One of the factors that is found to have a significant impact on the product pricing is the cost of the PCBs. All the electronic equipment will one or more PCBs that control the entire device. These PCBs need to be sourced from the right suppliers or else, it could increase the product costing.

Before you could start working on your product costing, you should first finalize your PCB costing. Look for a trusted company for your PCB manufacturing and PCB assembly needs. Get your quote by providing them with a detailed specifications document on your PCB requirements. Only when you provide your PCB manufacturer with all the information they need, it would be possible for them to give you a more accurate quote for the PCBs.

PCB fabrication cost will vary from one manufacturer to the other. You cannot therefore expect the costing to be uniform all through the industry. You will have to find a manufacturer that could give you the best prices for their PCBs without really sacrificing on the quality. If the quality is sacrificed in any way, then your electronic equipment will not be able to function properly. You would have saved on the PCB cost and in turn priced your product low but the problem is that when customers buy your products thinking that it is competitively priced, they will run in to issues when they start using your products. This will lead to loss of customer trust.

You will have to make certain that your electronic equipment is priced low but at the same time it should not be housing inferior quality PCBs. Try to identify the most cost effective PCB sourcing models. Source your PCBs from highly reliable manufacturers directly instead of sourcing your PCBs from an unknown supplier. When you order your PCBs from a manufacturer, you will be able to save money. As there will be no intermediary or agent commission. You should also think of sourcing your PCB from a manufacturer in China. It is a known fact that outsourcing one’s PCB manufacturing needs to China will fetch great savings.

If you want to outsource your PCB manufacturing requirements to China, you need to spot your manufacturer very cautiously. You will find excellent PCB manufacturers and also third rated companies. Only when you lock upon the right manufacturers of PCB and have a clear idea on the PCB costing, you will be able to price your electronic products.

ChinaPCBOne Technology LTD. is the author of this article on PCB assembly. Find more information, about PCB fabrication.