Creating a BOM (Bill of Materials) and developing a proper pricing structure are two of the most important things you can do for your product’s development.
Your BOM is basically a list of parts that is plugged into a pricing matrix, usually a Microsoft Excel Spreadsheet formula that is specifically built for your pricing.
Some of the factors that need to be taken into consideration:
- Material Sourcing
- BOM (Bill of Materials)
- Pricing & Cost Analysis
- Packaging & Shipping
- Accounting
- Business Administration
- Financial
- Inventory Management
- Sales & Marketing
- Research & Development
- Small Manufacturing
- Vendor Relations
