WHAT IS CONTRACT MANUFACTURING?
Contact manufacturing is the capability for an original equipment manufacturer (OEM) to source and purchase needed materials and parts, mold and assemble the plastic components, and package and ship the finished assembly or product. OEMs work with molders to complete their projects, which then allows the OEM to focus more on strategy, sales and other core competencies so that they can expand their business.
In working with OEMs, Integrated Value Services Ltd applies an integrated, streamlined and cost-effective manufacturing process to complete assemblies through finished products and incorporates value-added solutions that make customers’ jobs even easier.
HOW DOES CONTRACT MANUFACTURING WORK?
- Global Sourcing: Materials and other necessary products are sourced to help ensure high quality and competitively priced parts.
- MRP Systems: Material requirements planning (MRP) systems help to manage the manufacturing process, tracking all purchasing activities, manufacturing timelines and delivery schedules.
- Manufacturing – Injection Molding: Once the design, materials and timelines have been approved, part manufacturing can begin.
- Assembly: Individually completed parts can then be assembled into a full component or product.
- Packaging: Finished components are packaged and prepared for shipping.
- Distribution: Safe and timely delivery to the end user is completed.
WHAT ARE THE BENEFITS OF CONTRACT MANUFACTURING?
- By outsourcing your product to a manufacturer, you can realize cost savings in the following areas:
- Facility
- Equipment
- Maintenance
- Labor
- Training
- Tooling
- Energy
- Material and overall manufacturing costs
- Increased productivity, flexibility and resources
WHAT INDUSTRIES USE CONTRACT MANUFACTURING?
- Contract manufacturing is often used in industries such as:
- Medical/healthcare
- Industrial
- Agriculture
- Lawn & garden
- Appliances
- Consumer products
- Powersports such as marine, recreational and utility vehicles
