So you’ve got a great new business product idea, but now you need to find someone who can produce it for you. Choosing a manufacturer can be stressful and complex, and it’s important to find the right fit for your business values, mission, and goals. By considering the following factors, you can choose the right manufacturer for you and your product, to help ensure an amicable and successful partnership.
Table of Content
Quality
Ensuring that a good quality product is made, without a manufacturer cutting corners, is most likely going to be one of your priorities. The team at Advanced Manufacturing Solutions believes that integrity is one of the key factors in ensuring a quality product is created. The ability to own up to mistakes and efficiently fix them is what can make the difference when it comes to the success of the manufacturing process.
Budget
On the flip side, picking a manufacturer that suits your budget is also a major factor. Having someone who produces quality products that are also affordable is vital to ensure your profit margins stay where they should be. Don’t make the mistake that new businesses make, but instead opt for a slightly higher cost for higher quality because it is bound to save you money in the long run as you won’t be producing poor and faulty products that you’ll have to refund.
Clientele
What have previous or current customers said about the manufacturer? Take a look at their reviews and feedback to see whether they are reputable and have a good level of customer service. Looking at which companies the manufacturer has worked with before (and how long they worked together) can also say a lot about their capabilities as a manufacturer.
Sustainability and Ethics
For the sake of the reputation of your company, as well as for any personal reasons, you want to ensure you are working with an environmentally and ethically sound manufacturer. Questions you might want to ask include:
- Do they try to limit their impact on the environment by lowering their carbon emissions and by recycling?
- Where do they source their materials and equipment from?
- Are the wages of their workers at least minimum wage?
Ensuring your beliefs are aligned with one another is absolutely crucial. Remember that who you work with reflects your values as a business and can mean a lot to your customers.
Efficiency and Ability For Growth
Consider the size of the manufacturer and how quick their turnaround times are. I.e, if you sell out of stock, how quickly can they create new products? If the manufacturer is too small in size to keep up with demand, you will be missing out on sales, and it’s going to be costly in time and money to switch to a new manufacturer who can produce products quickly enough.
All in all, choosing the right manufacturer is a vital decision for your company and its ability to grow. Having a good balance of quality and affordability is a key factor, and looking at reviews and previous clientele is a good indicator of this. Understanding their values as a manufacturer can allow you to see how they are working to be more sustainable and ethical as a company.
Read Next: 5 Great Business Ideas for a Budding Entrepreneur