Most manufacturers can’t easily say what they truly pay for every component in a product. Whether it’s the mechanical parts or the PCBAs that power your electronics, a full breakdown of those costs has a direct effect on your profitability. That’s where Luminovo and Luminarity come in. Together, the two platforms let OEMs and manufacturers see their entire product cost structure, from mechanical components all the way to circuit board assemblies.

Luminovo is designed to help manufacturers accurately understand and control the costs of printed circuit board assemblies (PCBAs). Luminarity specializes in cost analysis for mechanical parts. Used together, they give businesses an integrated approach to cost analysis and a better handle on managing and optimizing product pricing.

The challenge of product costing

For manufacturers, cost calculation pulls in data from every stage of production, from sourcing materials to assembly and distribution. It gets harder still when a product contains both mechanical and electronic components. Understanding the full spectrum of these costs takes powerful, specialized tools that can break down each element.

The cost structure of mechanical parts, for example, can differ significantly from that of PCBAs. Each comes with its own complexities: material sourcing, labor, production processes. Traditional costing methods often lack the precision companies need to make informed decisions. And without a clear picture of how each cost component contributes to the final product, organizations risk overestimating or underestimating their margins, which leads to potential pricing errors and missed opportunities for optimization.

How Luminarity helps with mechanical part costing

Luminarity is a software solution built specifically for the cost complexities of mechanical parts. It helps manufacturers find cost savings in their existing portfolio and predict the cost of mechanical components in real-time. This Product Data Intelligence ensures that the final cost aligns with their profitability goals.

At the core is cost analysis: Luminarity’s AI-driven recommendations point to where costs can be reduced without compromising quality. Because it’s an end-to-end AI platform, product data becomes systematically usable: autonomous, scalable, and highly accurate. It also runs predictions automatically and in real-time, covering should-costs, benchmark costs, material class, best suppliers, carbon footprint, and more.

How Luminovo improves PCBA costing

On the other side, Luminovo specializes in understanding the intricate cost structure of PCBs, while enabling instant PCB pricing. PCBAs are often among the most expensive parts of an electronic product, with costs shaped by component selection, assembly processes, and component sourcing. Luminovo gives manufacturers the tools to analyze and optimize these costs through:

• Component selection optimization, so engineers can choose the most cost-effective components without compromising on functionality or quality.

• A direct connection to your supply chain data, which keeps cost predictions up to date as material prices, lead times, and component availability fluctuate.

• Transparency into assembly costs at every step, including labor, machine time, and overhead.

By breaking down the complex cost structure of PCBAs, Luminovo ensures that manufacturers can make well-informed decisions, reduce waste, and improve the overall cost-effectiveness of their products.

The power of the Lumi-package

Used together, Luminarity and Luminovo give manufacturers a single view of product cost. The combination of the two platforms – dubbed “the Lumi-package” – provides a unified view of all product costs, spanning both mechanical parts and PCBAs.

What does that mean in practice? Companies no longer have to rely on disparate tools or manual calculations to estimate their product costs. Mechanical part and PCBA costs are analyzed side by side, so pricing decisions become more accurate. The two platforms integrate smoothly into a single, cohesive cost management system, with data moving cleanly between mechanical and electronic costings and a lower risk of errors and miscalculations. And whether you’re sourcing materials, selecting components, or determining production processes, you have a full picture of all the costs involved, which supports better, more strategic decisions.

Building resilience in your cost management strategy

As supply chain disruptions and material cost fluctuations continue to challenge manufacturers, access to real-time, data-driven insights is now essential. Together, Luminovo and Luminarity equip businesses to stay agile, adapt quickly to changing conditions, and make data-backed decisions that keep their operations ready for what’s next.

Manufacturers who adopt the Lumi-package stay ahead of market changes by continually optimizing their cost structure. Their sourcing decisions get smarter, which reduces supply chain risk. And profitability improves as cost-saving opportunities surface across both mechanical and electronic components.

If you’re ready to get a clearer, more complete view of your product costs, the Lumi-package is worth a look. Reach out today to learn how we can help you sharpen the way you cost your products.