WHY CHOOSE A CONTRACT MANUFACTURER?
There are a number of reasons businesses turn to contract manufacturingpartners. Across rationales, the right outsourced manufacturing operation delivers many substantial benefits.
SAVE MONEY — LOTS OF IT
Full service contract manufacturing companies have a sharp advantage over many other manufacturing operations: their reduced cost.
In fact, these outsourced manufacturers save certain industries 30 to 35 percent in overall production costs, on average.
The money-saving secret lies in already available equipment and infrastructure. Because these fabrication facilities have fully operating Metal working and welding functions, machinery, technology plus trained staff and automated production processes you eliminate the need for these inhouse.
This, in turn, saves a tremendous amount in early manufacturing overhead costs, as well as labor, utility and maintenance expenses down the road.
Contract manufacturing partnerships provide premium materials, cutting- edge machinery and technology, and innovative product solutions in shorter lead times, and they can do so under one roof. All this is imperative to a budget friendly bottom line for your business.
Increasing product fabrication and unit outputs while decreasing lead time is the dream of many manufacturers. How to balance that equation, though, can quickly become a nightmare if mishandled or ignored.
When choosing a contract manufacturing partner, you shift production into the hands of highly efficient, specialized facilities and individuals fully optimized to increase material production. They can assemble more products in shorter times using advanced equipment, experienced project management and fabrication services tailored to your exact needs.
This boost in capacity simply might not be possible in your current business or facilities. Stymied by space, a stretched budget or overworked production areas, it can be impossible to keep up with increasing production demands at certain stages of a business. Whether you need an entire product outsourced or only a few tailored parts, contract manufacturing businesses will fundamentally boost your production.
BOLSTER QUALITY CONTROL
Outsourced manufacturing means you have extra “eyes” on your products and hands and minds, all there to deliver a top quality good. This extra attention goes above and beyond simple quality inspections or checks-and balances. You already employ inhouse safeguarding your brand’s reputation that much more.
Some contract manufacturing companies will even offer multi-service, design-for-manufacturing (DFM) consulting. Using their own team of engineers, welders, machine operators and project managers, you’ll get valuable insight and improvements on the design and manufacturing proficiencies of your products from the actual folks helping to produce them.
SHARPEN RISK MANAGEMENT
Your contract manufacturing business should see the success of your products and its streamlined production as if it were their own. The care and attention they place in its risk management should reflect this. Outsourced manufacturing cultivates a leaner philosophy within your manufacturing production pipeline. There are flexible yet specialized roles with increased attention to things like product testing, regulations and compliance. You also have less chance of running into net losses after investing in your own manufacturing capacities. With the proper balance of collaboration and oversight, these partnerships can decrease the likelihood of product malfunctions and company mishaps.