Collaborative post – may contain affiliate links
Manufacturing is an unpredictable industry, which is why plenty of people turn the other way. There’s nothing wrong with it, but it’s easier to strike a deal through a third party in China than it is to develop products.
You’re different, though. The idea of playing God and bringing a concept to life is fascinating. Outsourcing manufacturing is not an option. It’s only on the table if the table comes from the factory downstairs.
Still, deciding to be a huge hit isn’t a walk in the park. Success is like respect – it’s earned, not given. Like all things, there are cheat codes that can help and four of them are listed underneath.
Network
There’s a lot of favor asking required in this job. Unfortunately, being an expert doesn’t guarantee anything. To ensure the sales match the products, you have to be able to strike a great deal. For instance, one way to stand out from the crowd is to undercut the competition. If the products are high quality and cheaper, then they’ll fly off the shelves. To do this, you have to source affordable materials at low rates. And, only contacts can get the job done.
Location
Real estate and manufacturing have one thing in common: it’s all about the location. A typical business has to think about foot traffic and brand awareness, whereas you aren’t as concerned. They’re important, but people can’t walk in off the street if they see something they like in the window. Location is essential for manufacturers because of transport links. Drivers have to be able to load easily and unload materials to kick-start the creative process. Being next to a railway line helps too. The wrong location will rough up the process and provide obstacles that are hard to hurdle.
Equipment
It goes without saying that the right tools make the job easier. A semiconductor equipment manufacturer needs photonics, microfluidics and MEMs and power devices. Without them, the whole operation breaks down to a grinding halt. However, there’s another reason to embrace technology and it has to do with gambling. Nope, this isn’t money-related, although equipment can make and save the firm cash. It’s the fact that if you don’t take the risk, then you may end up losing ground in the race to the top. Mostly, it’s better to have it on board even if the tech doesn’t do anything.
Choose The Right Factory
We’ve already spoken about location, so let’s move onto the building itself. The right factory is essential for a variety of reasons, from money to flexibility. But, it’s also important to have the space needed to compete. There is nothing worse than trying to cram in a group of people next to heavy machinery. No one can do their job correctly without thinking “is that metal bolt going to hit me in the head?” The ramifications from a health and safety standpoint are pretty huge also. The building has to be ready for the here and now while thinking ahead to the future.
Are you ready to be a hit? What’s the plan of attack?
Growing Forward 