Our customer needed to reduce unit cost significantly in order to scale the business beyond the technology demonstration level.
10x Reduction in Cost
Ultra Low Cost IoT Sensor
FinishLine Expertise
- Ability to Lower COGS
Project Description
The Challenge
How to reduce unit cost 10x.
The Process
- Understand requirements – esp total cost of ownership.
- Design out cost with innovative technologies.
- Setup efficient supply chain.
The Solution
Using infrastructure that already existed, the fuel delivery vehicles, allowed us to by-pass the cost of traditional cell modems, increase battery life, and simplify installation.
The Results
10x reduction in total cost of ownership. From $5.00 per month to less than $0.50 per month.
CURIOUS HOW WE COULD HELP YOUR TEAM?
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We promise you will learn a lot, even if you do not end up hiring us.