This month we’ve focused our thoughts on Contract Manufacturing and put together an article that sums up the Advant approach to this increasingly global in demand service.
The Shared Vision that is Contract Manufacturing
When Two Become One
Picking the right contract manufacturing partner is no longer just about quality, finance or strategic fit but geography and strategic positioning in an ever-growing global market. We are seeing an increasing degree of integration with external partners because they can help OEMs become more agile, more flexible and more responsive to customer needs – all elements that improve the end to end supply chain.Contract manufacturing partners can bring OEMs much closer to their customers, regionally, national and globally. A healthy and efficient supply chain supports the acceleration of innovation within OMEs, increases capability and speeds up the product commercialisation process.
There are several key pieces of advice that OEMs looking to enter into a new outsourcing partnership should consider and while some are givens, there are key differentiators that are a must for success.
ADVANTS 10 STEP DIFFERENTIATION 1. Choose a partner that fits with your ethos. 2. Meeting quality standards is paramount. 3. Reliability is key of all parties. 4. Trust will generate value that goes beyond cost reductions. 5. Technical ability is paramount. 6. A proven and robust quality system is a given. 7. Conduct an informal site visit and bring your quality reps along.
8. Ensure the ability to scale up or down based on requirements.
9. A shared sense of urgency is one of the key signs of the most suitable contract manufacturing partner.
10. A manufacturer with strategic locations is a must.