New product development teams nationwide are frustrated with corporate cost cutting and lack of capital for their R&D plans. Valuable projects are put on hold because R&D budgets cannot cover the expensive introductory costs of new tooling and initial manufacturing of new designs. In today’s economic environment, corporate cost cutting is needed to help companies survive the recession. However, if companies can develop new products that provide value at today’s price levels, they will emerge from this recession well ahead of the competition.
Many companies are searching for ways to move new product development projects forward without breaking the bank on initial investments. Research and development, prototypes, and pilot run quantities have to be completed with very minimal investment and without compromising flexibility of quantity and design.
Smart companies have employed strategies to enhance their new product development. A good example lies in companies manufacturing products that contain plastic parts. If projects have plastic components, then the cost of tooling can be a huge obstacle. Tooling and molds can cost tens of thousands of dollars. The solution: have the plastic parts machined. Prototypes as well as the first few years of production quantities can be produced for a fraction of the cost.
Machined plastic parts include little or no tooling charges, and can be delivered in two weeks. While molding requires full commitment to a part’s design, design changes to plastic machined parts cost absolutely nothing. Request a Quote from a quality plastic machining vendor for a fast, cost-effective solution for new product development and launches.
Contact EPP Corporation now to see how custom plastic machined parts can help your new product hit the market and put your company ahead of the game!