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New Product Development
TriTek offers their customers access to their expertise through
a very cost effective arrangement. The normal business practice for most
product procurement is for the customer to document the requirements in
detail. The supplier then puts together a detailed description of their
proposal for a formal design review with the customer. After all design
assumptions are explored and defended and both parties agree, the project
continues. At this point, the expenses incurred by the customer are very
often greater than the cost of the product
itself. And, the supplier is obligated to increase the price of their
product to cover the design review process. This approach mitigates the
risk of incurring expenses to fix an overlooked contingency, but at a
significantly higher overall price for the purchased product.
TriTek offers their customers an alternative. TriTek engineers will
review the customer's application through on-site inspection and verbal
interviews with the customer's technical staff. TriTek personnel develop a
proposal that describes the proposed product and submits it to the
customer as the basis for a purchase order.
Our customers derive some very significant benefits from this informal
approach by:
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avoiding costly internal documentation requirements
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reducing the time from the identification of the requirement to
product delivery
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reduced TriTek overhead expenses are reflected in reduced product
prices
The following documentation is submitted to the customer for review
after acceptance of the purchase order but before the drawings are
submitted to the machining centers:
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dimensioned four-view drawings of all application-specific parts.
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list of all purchased parts.
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exploded-view drawings showing the relative position of all major
components and assemblies.
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rendered drawing of complete product.
The risk incurred using this informal approach is the possibility that
something important is overlooked. Occasionally, the best laid plans are
met with undesirable outcomes. When this occurs, both the customer and
TriTek must address the resolution of these problems in an equitable
manner. Since the customer derives a significant economic benefit to this
informal method of procuring products and TriTek develops the product
without margins for redesign and rework, it is right and reasonable that
the customer reimburse TriTek for the direct costs associated with
resolving problems.
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