You have a product that you want to introduce to the market. However, after speaking to multiple manufacturers, you have not found the one you would want to partner with. What else can you do? Build your own factory, of course.
Although it will not be easy and it might take a long time, having your own production facility will be good for your business. If you are still on the fence, here are the benefits of building your products in-house.
Perhaps, the most important benefit of building your product in-house instead of relying on a third-party manufacturer is control. You no longer have to compromise. Every part of the production process, from sourcing the materials to approving the final product, will have to adhere to your high standards.
For example, you are allowed to only partner with stainless steel suppliers who will provide you with materials that do not easily deteriorate with time and after years of use.
You can also make changes as you develop the product. If you are dealing with a manufacturer abroad, just like many other companies in the United States, you have to make several phone calls or even visit the factory in order to communicate the alterations you want. If you manufacture in-house, you will not experience the same problem because, if you want something changed, departments only need to schedule a meeting to talk.
Similarly, there will not be any conflict when it comes to scheduling. You do not have to coordinate with a factory to set a date when you can finally manufacture a product and figure out when you can release the product to the market. Once you finalize the design, you can begin the process. You can make anything the way you want to and anytime you need to.
Rapid Testing of Prototype
A concept does not go immediately to manufacturing. One important step of the process is the creation of prototypes. Before mass-production begins, the factory has to create a prototype that the business owner can assess. If the manufacturer is located on the other side of the planet, the prototype has to be shipped, which can take weeks. Then, if you want to change the design, another prototype has to be made and shipped.
Making it in-house cuts the time you will waste in between making the design and going into production.
You may also be able to offer customization, a feature that consumers want. Because you have control over production, you can create bespoke products that are unique, whether it is a piece of jewelry or a piece of machinery, it can be made according to what your customers need.
You Can Make Your Products Ethically
A problem with partnering with third-party manufacturers is being associated with questionable working conditions. Many factories in Asia are known to not only underpay employees, but also subject them to harmful environments in order to produce a product cheaply.
Building your product in-house guarantees your customers, who are increasingly becoming conscious of their purchases, that your staff is being treated fairly since you have to follow local labor regulations. Nowadays, people are more likely to support a company that cares.
There are many advantages to outsourcing, one of which is the lower cost of manufacturing for a huge number of products. However, the benefits of making things in-house should not be ignored.