Collaboration with a CM can result in an improved design for manufacturing, innovation, cost management, and improved supply chain management, resulting in faster time to market
Fremont, CA: Full-service contract manufacturers offer risk reduction, innovation, quality, and, ultimately, faster time-to-market. In addition, a skilled CM partner can contribute to the success of a company's program.
Here are 5 factors to consider before planning a program with a contract manufacturing partner.
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Tip #1: Choose a CM Partner Early on in the Procedure
Collaboration with a CM can result in an improved design for manufacturing, innovation, cost management, and improved supply chain management, resulting in faster time to market. Working together early on to share target costs, receive budget quotes, and plan logistics will positively impact quality outcomes and create realistic timelines.
Tip #2: Determine the True Scope of Work
When working with a CM, taking a step back and reviewing the true scope can be beneficial. Both parties should investigate several critical factors, such as:
• What is the required time frame?
• Who will be in charge of key elements?
• What are the expectations of all parties?
• How well is the supply chain defined?
• What are the significant junctures in the timeline?
Tip #3: Demonstrate the Process and Freeze the Design Early
Using pilot test lines (beta builds) to confirm form, fit, and function will aid in the process's validation. Freezing the design early can help avoid time lags caused by later changes. When possible, parallel path options should be used to reduce downtime. Investing more time in the early stages of a project can help save time later.
Tip #4: Establish Sourcing Requirements
You can simplify the supply chain while increasing speed-to-market by collaborating with the CM to define sourcing requirements. In addition, identifying obsolescence risks, developing contingency plans, and identifying long lead components can significantly impact the program's purchasing strategy.
Tip #5 Assume Unknown Design Iterations
Even after careful planning, assume that post-alpha and beta iterations are likely. Additional capital should be budgeted to address any unanticipated capital needs. Incorporating flextime into the program schedule to accommodate any unknowns that may arise can help expedite changes while maintaining the program's final deadline.
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