How does the process typically work?
Every client is different, and we tailor our approach to fit your needs. Below is a typical progression:
- Dragon Innovation can work with clients early in the development process to create a robust manufacturing strategy as part of their business plan so that the conversation with investors focuses on how to sell the product versus how to build it.
- Using our extensive experience in DFMA, Dragon Innovation can work closely with clients to complete their prototypes for factory handover.
- When approximately 80% of the product development is complete, we will initiate the Request for Quote (RFQ) process during which we work together to create a RFQ package, select a short list of capable Contract Manufacturers, and conduct an in‐country visit and assessment. The result is a detailed cost of goods quote, pre‐production schedule, and understanding of the CM. Based on our network and relationships, we can often help clients access exclusive CMs that would otherwise be unreachable.
- After a CM is selected, the project moves into the technology transfer and pre‐production phase. A Dragon Innovation PRC‐based project manager will be selected and become an extension of your core team, serving as your “feet on the ground” in China.
- After production starts, Dragon Innovation can help you with new product introductions and sustaining engineering (cost down, quality up).