Outsourcing contract manufacturing involves using international facilities and partnerships to produce and purchase parts or services. Outsourcing comes with a number of benefits. By using outsourcing services, you stay competitive in the field and are able to maintain and even advance your position in the marketplace. Additionally, outsourcing results in extensive setup cost reduction. Outsourced products are often sold at a 50-80% discount from retail prices while still being of the highest quality. Another advantage of outsourcing manufacturing is the enormous technological advances that result. By connecting to leading engineering universities abroad, you gain access to a highly skilled professional talent pool, as well as to the latest advances in technologies like automation, hardware, and software. Finally, when you use outsourcing, there are no limits to the parts or products you can acquire because you are able to source and ship any product despite needed materials, specifications, and tolerances. Back to entire glossary
