In many cases, people will openly choose quality over quantity, regardless of the cost. For businesses, however, this is not always feasible.
The Necessary Quantity
Businesses are built to realise a profit. Most businesses would rather have an acceptable product that can be produced quickly and sold for a low price instead of something extremely high-quality with a correspondingly high price tag.
Outsourcing is the way businesses can cut costs. After all, it is cheaper for another firm to produce something they specialise in, compared to training your employees to produce everything. This also means you have access to the outsourced company’s expertise. A company that produces rubber seals, for example, can easily provide you with custom-made seals that are right for your needs and your budget.
In such cases, you may find that you’ll need to order large quantities of the item or have a specific contract tailored for your needs. Large volume orders mean the production cost for the company is reduced, thereby lowering your expenses. Finding an experienced supplier helps here—sometimes, when the focus is on quantity, quality may be sacrificed.
In Upholding Quality
Customer satisfaction usually comes in the form of a great product at the right price. A great, high-quality product will always prove to be desirable among clients. Lack of product quality reduces the number of repeat customers.
Hiring a company that lacks experience in producing the items you need, say the rubber seals from the previous sample, means you are unlikely to use their service again. If you receive substandard materials, your customers are unlikely to be happy with your end product. High-quality products can speak volumes for your firm. Especially in situations where you may have plenty of competition, you can easily stand out by producing a high-quality product instead of having a cheaper, average one.
Striking a Balance
As with anything, having a right balance is the ideal situation. Having a healthy mix of quality and quantity is preferred by most businesses. Producing a high quality product out of materials that satisfy the necessary quantity to meet your target income will help your business grow.