Contract manufacturing services market is expected to grow exponentially in the coming years,Why OEMs Must Cloud-Sync Contract Manufacturing and Inventory Data? Articles with just the electronics contract manufacturing services expected to reach USD 554.2 billoin by 2026. Besides this, pharma, retail, automotive industries are bound to make the contract manufacturing market burgeon at a rapid pace.
Considering this, OEMs hiring 상조회사 해약 해지 contract manufacturers must think of their production counterparts as strategic partners rather than as isolated entities far removed from their day-to-day operations and only involved in delivering their stipulated output.
To ease the execution of manufacturing by an outsourced partner and in line with the quality standards laid down by your organization, you need to give them visibility into some of your own systems. And, this can be done by letting your contract manufacturing software and your inventory data management software connect with each other.
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This is necessary, because contract manufacturers either take up consignment manufacturing or turnkey manufacturing. In the first model, your organization is expected to provision the outsourced manufacturer with all the raw material needed for production, and your manufacturing partner delivers the finished products. Whereas in the turnkey model, your outsourced manufacturer takes on all aspects of production from procuring all the inputs to delivering the finished goods and sometimes even ensuring quality checks.
However, in both these models, it’s very critical that contract manufacturers access inventory management dashboards in the cloud to ensure process efficiency. If contract manufacturers are working under the turnkey model, then your organization must know when the inventory has run out and if there will be production delays due to this, as this can snowball into disrupting your supply chain cycle.
Cloud: Enabling Link between Contract Manufacturers and Inventory Management