Many OEMs struggle to achieve redundancy in their supply chain while keeping costs low. Unfortunately, redundancy can cost organizations a lot of time, money, and resources. Focusing on redundancy distracts teams from other important tasks, often delaying important development milestones.
Dealing with the Unexpected
Unexpected events can cause major problems for business continuity. This became apparent in recent months as the COVID-19 pandemic prevented OEMs and other businesses in the manufacturing industry from accessing the components needed to produce products and continue business as normal. In addition to pandemics, other events like fires, floods, and natural disasters can impact an organization’s ability to fulfill orders. The only way to mitigate the risks of these kinds of events is to develop a business continuity plan and partner with a contract manufacturer (CM) that offers redundant sourcing and manufacturing capabilities.
Unfortunately, many contract manufacturers have reduced or halted production during the global health emergency. This has caused major supply chain issues, impacting OEMs and numerous businesses around the world. For organizations supplying devices to the medical or defense industry, supply chain issues could mean the difference between life and death.
Outsourcing Helps Protect OEMs from Supply Chain Problems
When the unexpected occurs, organizations need a partner they can trust to help them continue business as normal. The right contract manufacturer helps organizations continue producing high quality products while making necessary repairs or moving their facility to a new location. When utilized on a regular basis, a contract manufacturer can offer assistance year round to help fulfill periods of high demand and help organizations as they grow and expand into new markets.
Outsourcing makes it possible for teams to focus on other important aspects of their business. This increases the chance of growth and success and gives businesses a competitive edge even during natural disasters and other events that impact the ability for most businesses to succeed.
U.S. Based Contract Manufacturing Services
From design to production and testing, Mean Engineering, Inc. offers a wide range of contract manufacturing services. Our team has years of experience working with a variety of industries.
In order to ensure continuous production and uninterrupted support for the companies that depend on us, Means Engineering has implemented a COVID-19 response plan. Aimed at preventing the spread of disease and keeping our staff safe, our response plan has become an important part of everything we do.
Please contact us to learn how Means Engineering can fit in your business continuity plan.
