Question

material cost of a product can increase​

Answer 1

material cost of a product can increase:-

• Products can usually be manufactured utilizing a variety of different materials, depending on marketplace requirements and the practices of the manufacturers. Technology is constantly improving older materials and creating new ones, prices move up and down due to political goals as much as supply and demand, and processing methods change.

• When considering a change in the materials used in your products, be sure to recognize all factors involved. For example, substituting a carbon steel for a higher-cost stainless steel will save money, but will also reduce corrosion protection, which may be a valuable product feature for buyers.

• In addition, different materials may require changing your method of manufacture by increasing cycle times, as well as labor costs. And in some cases, changing the composition of a product may be worthwhile, even when the material costs are higher due to a simplified production process.