Product and Project Cost Estimation

A precise and realistic product cost estimation is the backbone decision making process of determining the total cost required to produce a product. Accurate product cost estimation is crucial for setting the right price, ensuring profitability, and managing expenses.
 
 For New product development or altering the sources of supply its very important to visualise the involved cost and the effect of investment in our sales efficiency. We provide clear and accurate figures to the costing part on the targeted complete project and its implication on product cost and market flow.

Type of Cost Estimation
In any product development or Supply chain establishment project costing there are multiple costing factors involved, but there are major two type of costing that is required to pay attention to is, Pre-production Costing and Production Costing.    In nutshell, the preproduction costing is a costing to set up the production methods, tooling, prototype, testing, validation, promotion and all one time cost that is required to set up the competitive production flow that can lead our customer in market. 
Pre-production Costing
This includes all the costs incurred before the product is manufactured. These costs typically include:
  • Research and Development (R&D) Costs: Expenses related to the initial design, development, and testing of the product.
  • Prototyping Costs: The costs for building prototype models for testing and validation, including materials and labor.
  • Market Research Costs: The costs involved in gathering data, surveys, focus groups, and consumer feedback to understand market demand.
  • Tooling Costs: The costs to develop and manufacture any molds, dies, or specialized equipment needed for production.
Production Costing
This Costing focuses on the direct costs that are tied directly to the production of the product and real cost to operate money making cycle :
 
  • Direct Materials: The raw materials used directly in the product’s construction (e.g., components, chemicals, packaging).

  • Direct Conversion : All Process Cost to convert the raw material to finish goods.

  • Indirect Operation Expenses: Costs indirectly tied to the product manufacturing, such as Sourcing Cost, Quality Check Cost, Sale Cost, Operation monitoring cost, Packaging, transportation for raw materials or special handling of components
Let's Discuss your Project
If you are already in business and looking to develop a new concept, new product or new solutions, we are for you. 

If you are new in business and looking to develop a new concept, new product or solutions for existing product, we are for you. 

You can strat discuss your ideas with us, if you really have plan and resources to realize your vision. At Ashwamegh Industries, we have team of professional committed to support all Development and Manufacturing promotors to provide best in class services and hand holding assistance from concept development to final packing of product manufacturing. We also support for supply chain and logistics to your door steps.

If you take your first step, only than you will reach to your destination.

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Related Other Services

Manufacturing Planning

We produce Prototyping for building preliminary and evaluation models or samples of a product to evaluate design, functional check of given design.

Cost Estimation

Cost Estimation is one of the most important parameter that help a developer to plan is financial arrangements and market feasibility check.

Timeline Estimation

Timeline Estimation provide clarity about tentative duration from day one to launch the product to market. It helps in financial and sales strategy planning.