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How Different Industries Use Contract Manufacturers

April 5, 2019 By meiadmin

Businesses across a wide range of industries use contract manufacturers to design, build, and test a number of products. Below, we’ll explore how the top industries use contract manufacturing services.

Electronics Industry

Major electronics companies use contract manufacturers to produce the parts and components needed to create their products. While products produced by industry giants such as Apple and Microsoft are often assembled in China, the parts used to make these products come from all over the world. This is true for many electronics companies. Often, these companies seek out the help of experienced contract manufacturers to produce one or several parts for their device.

Automotive

50% of all car manufacturing is done off-site by contract manufacturers. Car manufacturers outsource the production of basic components such as tubing, dashboard parts, and external electronics including radios, security systems, and parking assistance devices. These companies also outsource the manufacture of suspension components, gearboxes, and electronics.

Although, car manufacturers have never outsourced the entire manufacture of a vehicle, many CMs create different cars under different brands or labels.

Robotics

The robotics industry is growing at an alarming rate. In fact, it’s growing so fast that robotics companies find it difficult to keep up. These companies often outsource the production of parts and components to contract manufacturers.

Pharmaceuticals

Contract manufacturers produce raw chemicals for the pharmaceutical industry. While this is different than producing parts or components, it’s still extremely important to the creation of a number of pharmaceutical products.

Medical

The medical industry relies on contract manufacturers to produce components for a wide range of medical devices. The devices created by the medical industry are often crucial to the health, safety, and well-being of humans. As such, they must meet extremely strict regulatory requirements. Companies in the medical industry must take care to work with contract manufacturers that understand the strict requirements of this industry.

Looking for a Qualified Contract Manufacturer?

Means Engineering, Inc. offers contract manufacturing services to businesses both large and small. Our capabilities include design, production, and testing of products. Please contact us for more information about our services.

Top Myths About Working With a Contract Manufacturer

March 29, 2019 By meiadmin

The right contract manufacturer can help your business grow and expand into new markets. A CM acts as your partner, providing a number of services designed to compliment your business and improve customer satisfaction with your brand. Unfortunately, many people go into this partnership with unrealistic expectations. This is due in part to the large number of myths about working with a contract manufacturer. We have listed the top three myths and why you shouldn’t believe what you hear. This is important if you want a successful relationship with your CM.

Always Go With the Lowest Quote

While you might think that selecting the contract manufacturer with the lowest cost per unit is the obvious choice, this isn’t always the case. It’s important to find a contract manufacturer that provides consistent, quality results. They should employ a team of professionals able to create a wide range of products for a variety of industries. This is important if you wish to expand into new markets in the future.

It’s also important to note that the price per unit only captures about 70-80% of the cost of production. Several CMs will add various fees and charges to the final number. Select a contract manufacturer that is up front about the total cost of production. This can save you a considerable amount of trouble later.

Never Work With a Contract Manufacturer That Builds for Your Competition

It’s important that OEMs find the most capable and compatible contract manufacturer to work with. Often times, this will be the same CM their competition uses.

R&D Can Handle Production

Managing manufacturing and the supply chain requires the skill and experience of professionals. Although companies often try to include manufacturing under development, this usually doesn’t pan out well. Companies that attempt to handle everything in-house without the management tools and experience needed rarely succeed.

Means Engineering provides contract manufacturing services for businesses both large and small. Our services include design, production, and testing of a wide range of products. We employ a team of skilled professionals, each experts in their field. Please contact us if you would like more information about our services.

What You Need to Know Before Launching a New Product

March 15, 2019 By meiadmin

Companies need to launch new products to stay ahead of their competition. While a new product launch is an exciting time for your business, it’s not something you should rush into. Before launching a new product, take the time needed to learn what it takes to make the launch successful.

Research Your Target Audience

Prior to launch, you need to learn as much as you can about your target audience. Market research can help you develop an effective marketing plan. In fact, market research provides the foundation for all other steps in your product launch strategy.

When conducting market research, focus on learning what your target customers want and need and the most convenient distribution channels for your audience. Use the answers you receive to determine the best way to market your product. You might want to figure out which social media outlets your target customers use and whether they are more likely to purchase products based on logic or emotions.

Develop Your Message

Once you understand your target audience, you can develop your product messaging. This should include a solid value proposition. Make sure your messaging highlights the product’s best features and the problems they solve.

Promote Your Product Launch

Well planned and efficient promotion of your product launch ensures the success of your product. Create a product launch promotion strategy that educates your target audience and gets them excited about your product. This might include posting about your product launch on social media or through your company blog. Attending trade shows can also help promote your upcoming launch.

Plan for Post Launch

Your work isn’t finished once you’ve launched your product. You need to make sure you have a plan to maintain momentum and excitement after your launch. This is crucial to success. Your post launch plan should include tactics to keep your target audience engaged. This might include posts on social media, email marketing, and regular blog posts.

If you’re ready to create new products, Means Engineering Inc. can help. We have years of experience providing design, production, and testing of a wide range of products for numerous industries.

Cyber Attack Awareness – What you Need to Know

March 8, 2019 By meiadmin

Cyber-attacks are on the rise. Attacks are becoming more sophisticated putting organizations of all shapes and sizes at risk. It’s important that organizations learn all they can about the risks of cyber-attacks and how to avoid becoming a victim.

Several industries have implemented rules and regulations to help address the rise of cyber-attacks. These regulations aim to increase the security of electronic devices to prevent attackers from gaining access to sensitive information. This is especially important for organizations creating products for the defense and medical industries.

Companies that produce products for the military must take care to ensure that products comply with the International Trafficking in Arms Regulations (ITAR) and other compliance standards. Organizations that do not ensure compliance of all of the products and components face multi-million dollar fines and possible jail time.

Ensuring ITAR Compliance

Any company that manufactures, sells or distributes goods or services covered under the United States Munitions List (USML) must be registered with the State Department’s Directorate of Defense trade Controls (DDTC). These companies must understand and abide by the ITAR as it applies to their USML linked goods or services.

Unfortunately, many businesses fail to meet compliance with the ITAR. This is often due to the fact that ITAR is full of complications that make it easy for companies to make mistakes.

It’s important that organizations take the time necessary to ensure proper licensing of all of the products they produce. These organizations need to invest in training someone in-house to handle the complex compliance process.

Partnering With an Experienced Contract Manufacturer

Organizations that do not have the time, knowledge, or resources needed to ensure compliance can benefit from partnering with an experienced contract manufacturer.

Contract manufacturers understand complex regulation requirements. They have the people and processes in place to ensure compliance with a number of industry standards. Means Engineering has extensive experience designing and producing parts and products for the defense industry. Our team ensures compliance with ITAR and other industry regulations. This protects your company from costly fines, and protects users from cyber-attacks.

Is Your Contract Manufacturer Providing the Support You Need?

February 22, 2019 By meiadmin

Contract manufacturers provide a wide range of services. While your reasons for using a contract manufacturer can vary, it’s important that the relationship is beneficial to both parties. A contract manufacturer should provide your company with a variety of services designed to reduce costs and time to market.

The right contract manufacturer has access to the people, equipment, and resources needed to help your company create new products and expand into new markets. This is important as it provides the tools needed for growth and success.

When selecting a contract manufacturer to work with, you’ll want to find a partner that can provide you with the services you require.

Flexibility

Depending on the needs of your company, it’s a good idea to select a contract manufacturer that offers a variety of services. While you might not require design services yet, your needs may change. Choose a company that offers a variety of options. They should have experience with multiple industries and access to the latest equipment and techniques.

Your contract manufacturer’s limitations should never affect your business. It’s important to choose a contract manufacturer with the team and quality assurance systems needed to meet the changing needs of your customers.

Scalability

Whether you own a start-up or a large corporation, it’s important to choose a contract manufacturer that can help you grow your business. Look for a quality contract manufacturer that offers a variety of services from assistance with design plans to full scale production and testing of a wide range of products. Even if you don’t need the additional services now, you’ll be grateful later when you do.

Diverse Technology

Consumers expect more out of electrical products than ever before. It’s important to work with a contract manufacturer that keeps up to date with the latest technologies and techniques. This helps ensure customer satisfaction and allows you to produce a wide range of complex products.

Means Engineering Inc. offers quality contract manufacturing services for organizations of all shapes and sizes. We have experience working with a variety of industries. Our capabilities include design, production, and testing of a wide range of parts and products.

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