As an OEM, you invest a lot of energy and resources in developing new products, from design to safety testing to finalizing the details. But to launch your innovative new product, you need a contract manufacturing partner to produce it.
Working with contract manufacturers is essential to bringing your idea to market. You need to find a contract manufacturer that offers the services you need to improve your supply chain and keep your production running smoothly.
So how can you find the right contract manufacturer for your product? Follow the tips below as a guideline for your search.
1. Find a Contract Manufacturer That Specializes in Your Field
The first thing you’ll want to do is identify contract manufacturers that specialize in your industry and product. Each industry has its own unique logistical, regulatory, competitive and technical challenges, so you’ll want to pick a contract manufacturing partner who has a history of successfully tackling these obstacles.
Contract manufacturers with experience in your field will also be able to help you optimize cost savings, production volume, performance and turnaround time with tips and tricks you may not have known on your own.
2. Evaluate Their Supply Chain Network and Production Capacity
When your contract manufacturing partner works with a large supply chain network, you will benefit from their bargaining leverage. With a larger network, you’ll see decreased lead times and lower parts costs to save you time and money on production.
It’s also essential to get a full sense of their operating capacity. If the manufacturer has a heavy load, your project could get held up. Understanding what they can currently make and if and how they are willing to grow will help you determine if they are the right match.
3. Check Their Certifications
It’s crucial to check which certifications your contract manufacturer possesses. Specifically, you’ll want to make sure they have the proper certifications for your particular product. By confirming this beforehand, you will be more likely to avoid any noncompliance issues, which is especially important if you work in a highly regulated industry.
4. Be Upfront About Your Needs
Once you’ve reached out to a potential contract manufacturing partner, it’s essential to be direct and upfront about what you need. You should specify the details of the product, the range of production volume you will need, your desired contract length and any other specific needs you may have.
You’ll also want to be upfront about your budget so you can avoid any surprises in costs down the road. The more transparent you can be about your needs, the better. This transparency will also help you establish effective communication from the start, which is essential to any successful partnership.
As you explore the possibility of working with contract manufacturers, determine whether their experience, certifications and capabilities can sufficiently meet your needs.
If you’re looking for a contract manufacturer or need assistance with any part of the manufacturing process, contact PBZ Manufacturing today to request a quote. We are a full-service, one-stop shop, and we’re ready to help you manufacture your products faster and for less.