Original equipment manufacturers (OEM’s), often see producing equipment in house as a simple, cost effective way to create high quality products whilst keeping costs down. In reality, the process ends up being much more complicated and time consuming than originally expected, requiring cutting edge equipment, support staff and significant investment in infrastructure.
In your decision to manufacture injection moulded products, you must undergo careful evaluation, being honest and critical with the facts. Ultimately, the decision must benefit your business in a cost-effective way and be in the company’s best interest.
Alongside the evaluation, other factors such as investments in moulds, raw materials, utilities, bottom line costs, labour and packing must be considered as the foundation of your evaluation. No matter how costs are organised within your company, costs are costs and if they can be reduced in any way possible, surely that is a huge advantage to the business.
We have put together some benefits of outsourcing your plastic injection moulding.
Cost saving– By using contract manufacturers your overheads and labour costs are cut significantly. You can focus on what your company specialises in and leave the tricky parts to experts without any worries.
High quality– Ensure to use an ISO certified contracted manufacturer as this signifies continuous improvements on quality.
Flexibility– Contract manufacturers can offer higher scheduling capacity in order to meet the needs of your market, and are able to distribute new products under higher capacity hence reducing lead times.
Inventory– We can supply your parts quickly, based on your demands; so there will be no panic in house when demands are high.
Economies of Scale– Contract manufacturers develop and maintain relationship with suppliers, therefore it is a good idea to take advantage of their sales resources and industry contacts.
At Moldwel, as plastic injection moulders we guarantee to provide quality service for all customers, and can handle and manufacture all forms of plastic products. Contact us to find out more on our plastic injection moulding service.