Views: 5 Author: Site Editor Publish Time: 2022-06-27 Origin: Site
Let's start with the first question that affects your direction: What are your experience and the experience of your team?
Which manufacturer you want is directly related to the amount of support you need and who they are best suited to serve. For example, the inventor of a better-designed elastic cord has very different needs than an international company that mass produces child-safe packaging.
Why is this important? Because the people who work with you in manufacturing need to adapt.
The amount of support needed to deliver successfully (to ensure your design is implemented correctly)
The technical ability to deliver your planned manufacturing methods (i.e., injection molding vs. 3D printing)
Natural ability to maintain your desired delivery schedule - we'll discuss this later.
So, when you're looking for a manufacturing partner, frame your search to your unique needs: the type of business you have, the industry in which you manufacture your products, etc.
Overseas manufacturing or domestic manufacturing?
Everyone knows that product companies are obsessed with speed to market, and your manufacturing partner is probably an essential variable. I come in on the overseas vs. domestic manufacturing partner question.
Over the past few decades, there has been a significant shift in many industries, with companies moving their manufacturing and prototyping steps overseas for cheaper costs.
As a trade-off, overseas operations require longer turnaround times to develop and test prototypes. These processes rely on longer shipping times, increased import/export costs, and longer lead times.
This situation has become worse in our current economy, plagued by shipping disruptions. The result? What they gain in savings, they sacrifice in delays.
If we look at the current domestic space, 3D printing has introduced the critical ability to produce accurate prototypes quickly and at a low cost domestically. The result is a viable part of the process that can interact with robust products that require improved testing and feedback.
This also ties in with the strategic move away from reliance on cheap labor. Leading product companies are now investing in technology because it makes significant innovations and advancements easier to achieve.
This doesn't mean there is always a correct answer. Still, it does mean that cheaper overseas alternatives are not the correct assumption for your business.
Should I build my in-house engineering team?
Having your engineering team is undoubtedly an excellent cost-saving option for large companies with a large number of long-term orders to sustain the cost outlay of an engineering team. However, for smaller or still growing companies, an in-house engineering team needs to consider the cost of machinery and equipment in addition to labor costs, which can be a significant burden for a fledgling business looking for a mold component manufacturer to be a better choice.
To sum up whether to set up your engineering team, the most important thing you need to consider is the cost investment to set up the team, whether you can recover the cost afterward, and the payback period.
Benefits of working with a mold component manufacturer:
▪ Confidence that your design will be ready to manufacture
▪ Smoother handoffs from the engineering team to the manufacturing team
▪ Potential discounts by combining your services with one supplier
▪ This may be a good option for some smaller operations and more limited budgets.
Some additional disadvantages:
A factory-based team can limit your innovation to make it compatible with their manufacturing comfort zone.
Unless you have extensive senior experience, in-house teams have no third-party responsibility in the process.
Having cost-realistic pricing for manufacturing is one thing, but finding deals in design and engineering is a dangerous game.
Again, I do think that combining your engineering support with your manufacturing may be the right choice for some operations.
I don't recommend choosing a manufacturer based on their engineering support. Much other robust design and engineering solutions can provide higher quality at a compelling price.
Need help finding a manufacturing partner?
Finding a new manufacturing partner can be overwhelming. It usually means that you are relatively new to the industry or just had a bad experience with another manufacturer.
Either way, you can give Shengqi Precision Mould accessories a chance. We can provide you with professional mold machining services with high quality and good service. Give us a chance, and you'll see!