How To Save Money On Manufacturing
There are a number of ways to save money on manufacturing. Most companies will ask for multiple quotes on their products to ensure they are getting competitive pricing. The challenge with this approach though is that by constantly asking factories to quote for you without giving them production you lose their interest in their business.
Another way to save money on manufacturing is to move factories. This though is fraught with risk of misadventure, and risk of promised cost savings being slowly reneged upon by a new vendor. The way to make this method of saving money on manufacturing work is to identify suppliers who have innate competitive advantages, and who can as such therefore be relied upon to offer sustainable cost benefit over time.
If you'd like to find out more on how we help toy companies save money on manufacturing, resolve Sourcing problems and diversify supply chain risk, please feel free to drop us a line.