If you’re running a business but aren’t planning to manufacture all of your product or equipment on your own, then it’s vital that you’re able to find a quality manufacturer to partner and work with. However, doing this can often be much easier said than done. While there might be a lot of different companies out there who manufacture for businesses in the same field as you, your business likely needs something unique to itself when finding the perfect manufacturer. So to help make this task a little easier on you, whether you’re creating your own product from scratch in the healthcare industry or needing to find a way to equip your processing plant in the oil field, here are three tips for finding the right manufacturer to work with.
Make Sure You’re Ready To Work With A Manufacturer
Before you even start looking for specific manufacturers to work with, you first need to ensure that both you and your business are ready to take this next step. According to Kathryn Hawkins, a contributor to Intuit Quickbooks, you’ll need to come to any meetings with manufacturers with a lot of information about your business and plans for what you’ll need now and in the future. This includes being prepared with a solid business plan, budgets, goals, and your exact manufacturing needs. Without these things, you’ll never be taken seriously by a manufacturer.
Weigh Staying In North America Versus Going Overseas
Once you’re ready to start looking for the ideal manufacturer to work with for your business, you’ll want to weigh the pros and cons for working with a company in North America versus going overseas to get your work done. According to Bennett Conlin, a contributor to Business News Daily, many consumers appreciate products made in America or another North American country, and you can often get a more high-quality product, even though you’ll also have to pay more for it. But if you go with an overseas manufacturer, you’ll generally save money and get larger order fulfilled in a timely manner. It’s all about figuring out what you want, what you need, and what you can afford.
Ask The Right Questions When Vetting Potential Manufacturers
When you’ve decided on just a few manufacturers that will likely work for your business, it’s then time to speak with them about what you’re looking for and what you need. During this vetting process, Richard Lazazzera, a contributor to Shopify.com, recommends that you ask them all types of questions to help you gauge what it’d be like to work with them. For example, you’ll want to know what their minimum order quantity is, the difference between their sample and product pricing, what the turnaround time will look like, how payment will be dealt with and more.
If you’re searching for a manufacturer to work with for your business, consider using the tips mentioned above to help you find the right fit for you.