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 Contract Manufacturing A contract manufacturing company (otherwise known as Original Equipment Manufacturer or OEM) is someone you can get to assemble any product you wish for a fraction of the cost you would pay to set up your own manufacturing plant. F

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patuan89



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Join date : 2011-05-13

PostSubject: Contract Manufacturing A contract manufacturing company (otherwise known as Original Equipment Manufacturer or OEM) is someone you can get to assemble any product you wish for a fraction of the cost you would pay to set up your own manufacturing plant. F   Fri May 27, 2011 7:44 pm

Contract Manufacturing

A contract manufacturing company (otherwise known as Original Equipment Manufacturer or OEM) is someone you can get to assemble any product you wish for a fraction of the cost you would pay to set up your own manufacturing plant. For example, let’s say you invented a small electronic tool for your car and want to commercialize it, i.e., mass produce and sell it. Before contract manufacturing, you would need to rent a warehouse, buy all the equipment, and most importantly hire the laborers to assemble your product. Obviously this involves a huge financial outlay and bears the related risk.
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Contract Manufacturing A contract manufacturing company (otherwise known as Original Equipment Manufacturer or OEM) is someone you can get to assemble any product you wish for a fraction of the cost you would pay to set up your own manufacturing plant. F
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