10 Ways to Reduce Cost in Outsourced Prototyping
Many original equipment manufacturers (OEMs) are faced with insufficient internal product development resources, while at the same time an increased workload. It happens when recession dictates cost cutting and it happens when growth outpaces recruiting capacity. All the while, technology advancements continue to drive new engineering challenges and there is convergence in what used to be distinct engineering disciplines. On top of that, engineers are also expected to handle more of the administrative tasks such as documentation, components sourcing and prototyping for the products they build. The end result can be a reactionary product development process where deadlines slip and costs creep simply because workload exceeds the resources left to handle it.
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