Hiring Contract Manufacturers?
Contract manufacturing, also known as the process of outsourcing a manufacturing process to a third party, is a great way to cut down on company costs. Still, hiring one can come with its own unique set of challenges. When you’re looking for medical device contract manufacturers, make sure you avoid a few of these misconceptions:
The right one will fix everything
This is the most common misconception of all according to Industry Week. While finding the right contract manufacturers is key to a successful business and terrific ROI, this doesn’t mean you can take it easy. You still need to oversee the operations. That oversight is key to ensuring that the quality of the work won’t suffer. Without you there to guide the operations, you’re sure to encounter problems sooner or later.
I just need to get a Tier 1 company
Not really. Sometimes, your project needs might not even be large enough for one. Be sure to check out smaller to mid-size medical device contract manufacturers as well. You might be pleasantly surprised with the results. Undertake this step and you’ll have much more viable options to work with and consider.
I don’t want a contractor who works with my competition
When you shop around for CMs, the point of that search is to look for the right CM for your business model. That includes hiring a qualified CM, even if that CM works with your competition. Just make sure the CM you choose is trustworthy and credible. That way, you won’t have to worry about proprietary secrets being exposed. If you go with a less than stellar option, you might find your competition winning the target simply because they have the best CM in town. Don’t make that mistake. If they’re using that CM, then give it a go as well. It might just make a massive difference in your business.
Company A’s presentation was better than Company B’s
While presentations matter, marketing and sales are entirely different from the manufacturing process. Don’t choose a CM based solely on the presentation or skills of their marketing and sales teams. Do your homework and know as much as you can about the company. Consider their services and offers, along with the company’s experience, team and resources. That’s the better way to decide which one fits the bill better.
Hire right. Don’t let these misconceptions get in the way of finding the right manufacturing partners for your business.