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Electronics Production | February 05, 2007

10 ways to ruin a contract<br>manufacturing relationship

Business strategy source VentureOutsource.com has listed 10 things executives should be aware of that can ruin contract manufacturing relationship.
Below are 10 things executives should be aware of that can ruin contract manufacturing relationship and prevent companies from achieving some of their business objectives (not in order of importance)

1. Ineffective evaluation of prospective contract manufacturing partners

2. Choosing a contract manufacturing partner casually rather than strategically

3. Beginning your contract manufacturing partnership too late in your product's life cycle

4. Incomplete, inaccurate, or late request for quotation (RFQ)

5. Lack of planning prior to contract negotiations

6. Failure of all decision makers to agree on the company's contract manufacturing plan

7. Inadequate identification of contractual needs and requirements

8. Inadequate measurement of the contract manufacturer's performance

9. Micromanaging the contract manufacturer

10. Failure to actively manage the contract manufacturing relationship

If you would like to dig deeper in this subject, go to VentureOutsource.com

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