We're back for our second installment of the 6 Biggest Mistakes When Selecting a Contract Manufacturer! If you missed the first three mistakes we mentioned, check out our blog post here.
Our takeaway: Have Engineers who can Deliver Engineering Details, where you Manufacture!
Our takeaway: Be Realistic In Your Expectations (Price, Speed, Quality)
“What About My IP?”
A frequent question Global Contract Manufacturers face is when a customer is looking for a factory or specific skill set already in production. While that may work with more commoditized products (think wing-nuts or sheet metal screws) it may lead to IP (Intellectual Property) issues down the road. Working direct with a factory ‘overseas’ offers you little or no protection of your IP if you go it alone. If the factory you choose is already engaged in the same vertical, what’s protection do you have from the sharing YOUR IP with their other customers? Exactly, “nothing”.
Our takeaway: A Contract Manufacturer is an Insurance Policy.
Are you looking the perfect Contract Manufacturer? Check out our FREE white paper below and read our "7 Essential Questions to Ask When Choosing a Strategic Manufacturing Partner."