Feasibility Studies are a crucial tool in ensuring your project gets off to the best start in the right direction. Catch up on Part 1 of Is my product idea feasible? Which explains the benefits of Feasibility Studies, how to get the best from them and how they help you to visualise the end goal.
3) Understanding Design Standards
It is important to be aware of statutory requirements for your product before you develop your design any further. These standards will govern elements like size, shape, materials, construction, emissions and immunities, and end of life considerations of the product, so having an understanding of them ahead of time is a big advantage. This is especially true if you plan to sell the product in multiple territories, each with different standards. A brief summary based on a cursory investigation should be included. Depending on the product this may include information relating to the following:
“CE, General Product Safety Regulations, European Commission Directives, Underwriters Laboratories (US), Trading Standards, Food Standards Agency, Food and Drug Administration (US), Federal Communications Commission (US), Consumer Product Safety Commission (US), standards relating to children, standards relating to electrical devices etc…”
4) Manufacture and Assembly
It is helpful to be aware of manufacturing constraints for the known components and to get the manufacturers advice during the quotation process to ensure that the design is optimised for performance and unit cost. Other constraints include:
– Geographical location and logistics
– Investment cost and amortisation
– Mechanical requirements of parts
– Method of assembly
– Quality assurance
5) Running the Numbers –
To determine a realistic budget for a product, it is important to compile a cost breakdown for tooling, parts manufacture, and assembly from manufacturers. This is normally done by submitting requests for quotation along with part and assembly specifications.
Sated Design can prepare specifications for manufacturers to quote against, and depending on the client’s requirements Sated Design can provide this as a pack for the client to issue, or Sated Design can perform a costing exercise and present the client with a finished cost breakdown.
Sated Design’s feasibility study service can help you to make the best decisions for your business before you take the leap into the industrial design process. Get in touch to discuss your project and begin the journey.