Electronics product development can be approached in a number of different ways: build a team to do it in-house, expand (and/or overwork) an existing team, or outsource the project. The best option will depend on each company or individual, and on each project – a case-by-case basis. However, some excellent reasons for outsourcing include:
- Access to specialist skills that you may not have in-house
- Increased capacity
- Maintain business focus
- Increased speed to market
- Cost effective
- Guaranteed outcome
- Reduced management
- Shared costs
- Ongoing support
- Peace of mind
- Same end result – you own the design
Access to Specialist Skills That You May Not Have In-House
Designing electronics products, including constantly developing better ways to design products, is all an electronics design house does. This focus typically provides clients with valuable insight and specialist knowledge.
Using an electronics design house can increase your capacity without putting additional stress and strain on your internal team members (who are often already working at full capacity).
Maintain Business Focus
Outsourcing frees up internal resources to enable your company to focus on its core business and strategy.
Increased Speed to Market
Electronic design houses often have highly-efficient design processes that provide a fast path to market. Ultimately every minute a product is not in the market results in lost revenue for the client, not to mention the ever-narrowing windows of opportunity.
An electronics design house can be a very cost-effective way of developing a new electronics product for a number of reasons. LX has an experienced team already assembled (eliminating costly recruiting time), as well as existing building blocks from previous designs. We are up to speed on emerging technologies and remove the need for costly upfront capital purchases.
The most challenging part of a project can be identifying risks upfront and estimating the time the project will take to complete. If undertaken internally, and the project takes longer than anticipated, you buffer the cost variance. LX Group has significant experience in this and can often provide fixed price quotes.
Many businesses underestimate the time required to find, assemble, train and optimise an electronics design team – not to mention the high costs of electronics engineers, equipment, electronics design software and any mistakes, as well as the cost of managing your team throughout the development process. LX has highly-skilled project managers who are able to ensure your project is developed on time, on budget and to specification.
The investment in equipment, training and reference design development is shared across many projects. An efficient electronics design house, such as LX, will have effective knowledge management systems to enable rapid re-use of existing design blocks from past projects.
It is often a trap to think that in-house development will result in better knowledge management and support. An electronics design house must share knowledge among all team members efficiently and reliably. As a result, support isn’t limited to one team member as can be the case with in-house development.
Peace of Mind
The above-mentioned factors combined will give you peace of mind, knowing your electronic design is being developed effectively and efficiently by a team of specialist engineers, allowing your internal team to maintain business focus.
Same End Result – You Own the Design
LX Group understands the importance of the intellectual property created during the project. Our standard policy is that the final implementation of the electronics design is owned entirely by our clients, with no ongoing licence fees or royalties.