Cost & Optimization

Profits are the prime motivation for every business and product sale. Profit maximization is directly linked to the difference between selling price and cost of goods. The cost of goods associated with a product is the aggregate of the total costs of materials, labor and amortized investment. Optimizing these variables for any given product is a complex process since it is greatly affected by the highly unpredictable results of the final design.

IDS has cultivated an outstanding reputation for optimizing costs. Its unique methodology provides clients with design options based on various trade-offs associated with aesthetics, investment and recurring costs. Cost projections are initiated at the onset of a project and continually monitored throughout the development process.

Projections are estimated for numerous concepts based on investments, sales forecasts, assembly costs and recurring costs, as well as risk assessments. These parameters are quantified based on well-defined design options, which are quoted by selected vendors throughout the product development program.  This continuous refinement procedure enables management to avoid the costly surprises frequently encountered with other development procedures.

CostOptim