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WHAT IS CONTRACT
MANUFACTURING
The business model in a Contract
Manufacturing is that the hiring firm
approaches the contract manufacturer
with a design or formula. The contract
Manufacturer will quote the pasts based
on processes. labor, tooling , and
material costs. Later on the hiring firm
will request quotes from multiple CMs.
After the bidding process is complete,
the hiring firm will select a source, and
then for the agreed-upon price, the CM
acts as the hiring firms factory,
producing and shipping units of the
design on behalf of the hiring firm.
BENEFITS OF CONTRACT
MANUFACTURING
01 02 03
It saves money on
purchasing,
maintaining, and
repairing equipment,
and the cost of hiring
skilled labour and
paying salaries and
benefits to whole teams
Companies save on
their capital costs
because they do not
have to pay for a
facility and the
equipment needed
for production.
Contract
Manufacturing
provide quality
backed along with
extremely secure
pharmaceuticals
at reasonable
prices.