Establishing a Successful Contract Manufacturing Partnership
Successfully working with a contract manufacturer requires identifying a partner that is the right fit, establishing a formal written agreement and committing to diligent communication throughout the production process. Manufacturers should view audits as opportunities to show their commitment to excellence, and brand holders should be mindful of having reasonable expectations. Takeaways include: *Outsourcing offers efficiencies attractive to early-stage companies managing limited capital. *Auditing quality and safety standards helps verify a contract manufacturers focus on excellence. *Control and protection of both parties intellectual property (IP) should be part of the contract.