Being a leading service company in quick prototyping and small and medium batch manufacturing, lkprototype’s minimum order quantity (MOQ) is typically 50-500 pieces depending on the product type, material selection and process complexity. For instance, when the customer chooses ABS material to produce the shell of the mobile phone using the injection molding process, the MOQ is 200 pieces, the unit price can be as low as $2.3 / piece, and the MOQ can be reduced to 1 piece with 3D printing technology. However, the price per unit will rise to $28-45/unit due to the material loss rate (about 15%-25%) and the cost of photocuring resin ($80-120 / kg). The capability provides lkprototype a competitive advantage while going through the prototype test in consumer electronic, medical appliance, and other consumer sectors like an intelligent hardware firm with the trial order from lkprototype at 100 units with a saving on the production duration from 90 days to 60 days as well as full cost $120,000.
In the processing of metal, lkprototype’s CNC machining MOQ is 50 pieces, for example, taking aluminum alloy 6061 machining precision gear, 50 pieces’ unit price is 8.5 US dollars/piece, when there are 500 pieces of batches, material utilization optimization can reduce the unit price to 6.2 US dollars/piece. That is 27% less. Based on the 2022 auto parts industry report, lkprototype has completed 200 sets of motor shell trial production for a new energy vehicle company, helping customers increase the mass production rate from 82% to 93%, and reduce the response time within the supply chain by 40%. This on-demand manufacturing platform is especially suitable for internet of things device manufacturers requiring frequent design updates, such as a sensor manufacturer that had made six design improvements in 18 months with lkprototype’s 500-piece MOQ policy and reduced the product failure rate by 18%.
According to cost structure analysis,spread the mold development cost across various customer projects by sharing production facilities. For instance, a conventional factory mould opening price is US $12,000-30,000 and MOQ ≥5000 pieces, while lkprototype adopts modular mould structure to control the mould opening price at US $4,000-8000 and lower MOQ limit down to 200 pieces. Single-piece mould cost for small and medium-sized enterprises has been reduced from $6 to $2.1. 2023 medical device industry case shows that a blood oxygen meter maker through lkprototype 300 units of MOQ solution, product market time is 4 months earlier, and in the first year to achieve the net profit margin of 23%, much better than the industry average of 15% level.
Market data show that 65% of lkprototype customers choose its service due to MOQ advantages, especially in the consumer electronics industry, where the average order frequency of customers is 2.8 times/year and re-purchase is more than 75%. According to Boston Consulting Group research, reducing MOQ from 1,000 to 200 units can increase inventory turnover by 1.5 times, the strategy lkprototype helped a drone company reduce storage costs from 8.7% to 4.9%. With the global market for flexible manufacturing expected to exceed $100 billion by 2025, lkprototype insists on its primary competitiveness in small and medium batch production through dynamic pricing mechanisms (price fluctuation range ±7%) and smart scheduling (equipment load ratio ≥85%).