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Group 1 Office Pen Display
Engineers:
Nick Bordwine
Travis Miller
Marketing:
Osama Altarooti
Mohammed Alnasser
Dhyaa Shwaikat
James Morris
Office Pen Display
Original Elegant Design
Holds 6 Pens and Business Cards
Amazon Market
$50 18 Reviews
$43 8 Reviews
Etsy Market
$18 47 Reviews
$39 Favorited by 3665
Etsy Market Cont.
$45 321 Reviews
$70 44 Reviews
Prototype Tooling
Production Process
Processes occur simultaneously
Batch Production, 3 at a time
THREE PIECES, Two screws
Hand Finished and Inspected
Time and Motion Study
10 + 12 + 8 = 30 Minutes
Step 1
Step 2
Laser Cut PETG Sheet And Wood Prep
PETG Prep
And
C&C Wood Routing
Assembly And Finishing
Step 3
Materials Cost
Initial Run 60 Units
$1.21 Poplar Wood
(+ $0.23 for Maple)
3 Complete sets from 6 ft. of lumber
Dimensions changed to reduce wastage and cost
Materials Cost
$75.33 PETG Sheet
USplastics.com
20 per sheet
$3.77 per unit
Dimensions changed to reduce wastage and cost
$40 Price Point
$7.20 - 18% Licensing Fee
$1.21 Poplar Wood
$3.77 PETG
$6.05 Labor ($18.16 per hour)
$0.14 Brass Screws x 2
Total Cost $15.37 Per Unit
$24.63 Profit 61.5% Margin
$24.63 x 60 = $1477.8
Sunk Cost
Extensive R&D and Testing
AutoCAD Tool Path
Payscale.com $19.24 per hour
$19.24 x 40 = 769.60
Customization
Add Surcharge for Options
Laser Engraving
Both Sides A Blank Canvas
$7.20 - 18% Licensing Fee
Add Name on Back
Customization Cont.
Replace Card Holder with Cell Phone Rest
Choose from Preset Designs
Upgrade your wood
Maple, Cherry or Alder
Office Pen Display
Engineers:
Nick Bordwine
Travis Miller
Marketing:
Osama Altarooti
Mohammed Alnasser
Dhyaa Shwaikat
James Morris