There is an engineering term used derisively in business called a SWAG. Everyone has used it at one time or another to estimate the price of a product or quote. If you are not familiar with the term, its definition is a Scientific Wild Ass Guess. The SWAG is used when you have to give pricing on a new product or project without doing proper costing. Hopefully, you get it right.
Knowing your cost of producing a painted part is crucial to meeting your profit goal. Guessing at your cost means your also guessing at your margins.
Hi-Tech Flexible has created a Cost Per Painted Part calculator to help you avoid the SWAG and we would be happy to share it with you.
Click here to download our CPPP Calculator.