As a business owner, it’s important that whatever you do, you find the right people to work with so that your business can be successful. For some, that means working with an outsourced marketing agency to ensure their branding and website is perfect. For others, it means finding a manufacturer for products that means that you get the very best.
Whether you’re manufacturing rotary airlock valves or you’re creating new products, packaging. You need to make sure that you have a manufacturer that’s working with you and not working against you. Finding a new manufacturer to work with isn’t the easiest thing to do, especially if the one that you’ve previously worked with has now folded. In this article, we’re going to cover some of the steps that you need to find a new manufacturer.
- Make a list. Rather like Father Christmas, you need to make a list. Then you need to check it twice. Building a list of potential manufacturers who you could work with is important because doing this helps you with some research and allows you to find manufacturers that align with your product requirements. There might be those that specialized in sustainable materials or production processes. That may also be those where you can leverage your network to gather recommendations and insights from industry professionals. Either way, you need to find the manufacturer that can give you what your business needs.
- Know your product requirements. Before you can engage with a manufacturer, you need to know what you’re asking them for. If you clarify your product specifications from the materials, dimensions, and production quantities, you can provide detailed references or briefs to ensure alignment within your expectations. The more detail that you have about your product, the more efficient your process will be.
- Assess their capabilities. Evaluating manufacturer capabilities is important. You need to be able to determine the suitability of your project. By inquiring about their experience, their production processes, and their quality control measures, you’ll be able to assess whether they have the capacity to help you. Will the manufacturer you’re interested in do a low volume production run so you can test the quality and process? If not, that might raise a red flag for you. If you’re developing a custom designed product, you need to ensure that the manufacturer has the expertise and equipment to handle the complex electronic assembly needed.
- Get some quotes. Reaching out to your shortlisted manufacturers to request any quotes and proposals is a great step. You can seek some clarity on their pricing, their minimum order quantities and their lead times.You can compare the offerings of different manufacturers to identify the best proposition for your project. You could consider factors such as cost, flexibility and quality, and you can ensure that the proposals are meaningful to you. What assurances are in place that you could receive a quality product? Some manufacturers have minimum production volume requirements too. If you’re launching a new line of premium leather accessories, for example, you need to request quotes from manufacturers that specialize in high quality leather craftsmanship. This takes time to seek out, but it’s so worth it. Don’t go to manufacturers that don’t have the right experience for you.
- Do your due diligence. You have to perform thorough checks on potential manufacturers. Not only must you verify their credentials and certifications, but you need to look at their track record. You can check for any red flags, such as any past disputes or negative reviews, and you can ask to speak to previous clients. Look out for references and testimonials from their clients to gauge their reputation and their reliability. This will help you to understand whether they’re the right manufacturer for you.
- Take tours of the facilities. Before you get into bed with any type of supplier or manufacturer for your business, you need to ask whether or not you can have a tour of their facility. Arranging visits to the top manufacturing candidates on your list can help you to observe their production processes first hand. It also allows you to see the type of equipment and the workforce they use to gain insights into their working conditions and capabilities. You don’t want to engage with a manufacturer only to find that the type of manufacturer that owns a sweatshop overseas.
- Negotiate the contract. This is where you need your keen legal team involved. Engaging in transparent negotiations with your chosen manufacturer is important, but you have to discuss terms such as pricing, any payment schedules and intellectual property rights too. You should clearly define your expectations and responsibilities so that you can avoid any misunderstanding later on. When you could negotiate the right terms that are fair as well as mutually beneficial, You can take into account volume discounts, payment terms and any exclusivity agreement.
- Consider their location. We just mentioned about having manufacturers that have sweatshops overseas, and while you want to avoid that type of manufacturer, you still need to look at the locations available. The geographic location of every manufacturer that you have on your list could impact your logistics. You also have to consider how it would affect your shipping costs and lead times too. Consider the factors such as proximity to raw materials and potential trade restrictions. Think about having manufacturers that are located strategically to you so that you can streamline your production processes. You’ll also be able to reduce your shipping expenses and ensure the timely delivery of your products.
- Work to build long term relationships. It’s important as a business owner that you have long term relationships with your manufacturing partners that are based on trust, communication and mutual respect. You should have open lines of communication maintained at all times and you should be able to collaborate on continuous improvements to optimize quality and efficiency. Having a strong partnership with your manufacturers is essential for their success and the sustainability of your product overall.