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Month: February 2019

Small Business Manufacturing Ideas

Small Business Manufacturing Ideas

Establishing a business from home can be simple with some innovative manufacturing ideas. You can even start a business for free by making crafts or goods. The key to manufacturing products at home is to start out with a simple idea and build it based on what you are good at manufacturing. The best free small business manufacturing ideas are those that are based on building something that use your hands such as constructing crafts or replicating art or jewelry.
Those who are crafty can use products that they have in their house and manufacture jewelry, clothes, knitted pieces or crocheted pieces. You simply need initial start-up products and samples that will service as a representative of what you manufacture.
You can also take this a step further by replicated products such as jewelry or artwork from pop culture. These items are generally costly but can be replicated with little or no investment on your behalf. If you know how the basics of how to manufacture these items you can market yourself as a custom or niche manufacturer.
If you are skilled in construction you may consider doing this on a smaller scale by creating dollhouses. This innovative idea can start from home where you utilize any wood you have to create a small-scale home. Using one model at home you can market your dollhouse to stores, flea markets, craft shows, your website, and various other Internet sites. You only need one dollhouse to start since you are showing an idea of what you can construct. This manufacturing idea has the potential to grow into a well-established business.
If you need money now, like I mean in the next hour, try what I did. I am making more money now than in my old business and you can too, read the amazing, true story, in the link below. When I joined I was skeptical for just ten seconds before I realized what this was. I was smiling from ear to ear and you will too.

Outsourcing Manufacturing

Outsourcing Manufacturing

Manufacturing outsourcingis not a new concept by any means. Companies often discover that for most of their parts manufacturing, outsourcing solutions are tricky to find and negotiate due to distance, cultural difference, language barriers, international trade regulations, foreign exchange rates, and ways of doing business. Yet companies from well-developed countries have almost always used manufacturing outsourcing to save on the cost of acquisition of contract manufacturing. Outsourcing over the Internet has advantages, and has drastically increased global sourcing as associations in foreign countries are now much easier to find and forge. The Internet is not without its disadvantages as well. Recent news about corruption and fraudulent overseas manufacturer scams on the very popular Alibaba website partly owned by Yahoo, (February 2011), raised doubts about validity of manufacturing outsourcing over the ‘Net as a trustworthy tack.

As the huge costs in local raw materials and manpower soar annually, companies of all sizes find out that total expenditures can be reduced in order to earn a profit by global sourcing of materials and finished products. Since the cost of production is significantly higher in countries such as the United States, Canada, the United Kingdom and other rich nations, there is no other way for industries that require parts production in those countries to improve revenues from existing streams than outsourcing manufacturing to developing, or under-developed nations.

Countries like India, China, the Philippines, and other Asian countries that specialize in manufacturing outsourcing contracts play a key role in giving profitable advantages to big companies in North America and Europe. They do not only offer low manpower fees but also produce good quality merchandise. Overseas manufacturers can be approached individually, or can find out about RFP’s and tender their bid on production of certain manufactured parts, showing the richer country’s corporation how they could save money on that production due to consideration lower labor cost, comparable quality merchandise, and also the reliability of the nation to catch up to demands. Winning a manufacturing outsourcing bid would eventually contribute greatly to the overseas country’s economy by generating more income for its people and providing a guarantee of earning regularly from contracting companies. After the bid has been awarded, people from these developing nations will have the chance to get skills training from contractors, thereby earning money while garnering more knowledge and experience in production assemblies, plants, or factories. As they improve their business of catering to the richer countries, they become more efficient and can increase their own profit.

For many overseas countries, provision of global sourcing is a prime source of revenue. Asians are the targeted workers for many, if not most, manufacturing outsourcing strategies. Their good attitude towards work and training on production lines allows them to work without any fuss as long as they get paid on time and receive the amount they have been promised to earn. Providing benefits to workers is also one of the things that can attract developing countries to bid for outsourced contracts. When outsourcing was just beginning, companies took on just one single location for their production. Placing all the eggs in one basket was not at all good for companies who wanted longer-term production.

It is apparent that today, companies sometimes try to split into smaller contracts of what used to be larger ones and gave shortened manufacturing periods. Diversifying the outsourcing manufacturing can result in a much better timeline gain as lags in deadlines and the total number of production pieces is served. Each location in the diversified outsource project end up competing with the other location’s productivity to win more contracts and in turn serve the richer nations’ companies better. Having a smaller group to handle is less of a problem in controlling manpower skills and quality.

Manufacturing outsourcing has continued to grow more popular year by year, and it is most likely to increase in the coming years, fostering good relationships between contracting nations and outsourced locations, each side of the transaction earning advantages out of the relationship.

Contact an experienced global sourcing company such as Con-Tech International in New Orleans, Louisiana – your manufacturing outsourcing, procurement, and supply chain authority to develop new, or nurture existing, global sourcing.

Private Label Manufacturing

Private Label Manufacturing

Private label manufacturing gives any business the opportunity to have its own range of products, with its own brand name and label, for which customers must return exclusively to them to re-purchase.

With the correct formulations, these products can be as good as, if not better, than the leading brands. Private label manufacturing allows you to choose the quality of your ingredients and know exactly what is in the products you are using and selling to your customers.

You don’t need to hire a private manufacturer in order to produce your own range of products. You can easily and safely do it yourself. In fact, you can even manufacture products for other companies.

Private label manufacturing is also extremely profitable. If you have an existing business and use cleaning products, toiletries, skin or hair care products on a regular basis, you have the potential to save a substantial sum.

If you’re looking to start a business, or increase your existing income, cosmetic and chemical manufacturing has little competition for such a huge market.

The profit margins in private label manufacturing are something most outsiders find amazing – a bottle of shampoo which sells for $10 or more can cost as little as 50 cents to make from raw ingredients.

Private label manufacturing is also surprisingly easy – if you can follow simple directions, you can easily mix together the ingredients required to make everything from window cleaner and laundry detergent, to deodorant and air freshener, self-tanning spray, acne treatments, mineral make-up, etc. You can use exactly the same raw ingredients as the major cosmetic and chemical manufacturers.

Private label manufacturing is a highly profitable service to offer for fundraising and promotional activities for sports clubs, schools, service organizations, and similar groups.

Private label manufacturing does not require an expensive laboratory and equipment – it can easily be done from home or workshop.

The formulations are not common knowledge – which means it is an extremely difficult business for others to copy. This also explains why the major manufacturing companies are some of the wealthiest corporations in the world.

Private label manufacturing is a unique and prestigious business offering unlimited opportunities to expand further in many directions.

Lean Manufacturing Transforms Businesses

Lean Manufacturing Transforms Businesses

The origins of the lean concept

In the middle of the 20th century, Toyota-the Japanese automaker-introduced lean manufacturing. To eliminate diverse waste types, the automaker introduced three broad categories-mura, muda and muri. (The lean principles were built from these three concepts only.)

  • Muda-it primarily refers to the seven waste forms.
  • Muri-it includes the modifications (in a production process) to get rid of the identified wastes
  • Mura-it comprises the steps that have to be taken (proactively or in response to a completed process) for eliminating unforeseen wastes

The seven waste types

Analyzing the working of lean principles begins by knowing muda (the seven waste forms) that is generally found while product manufacturing is underway.

Overproduction

This specific waste is of two types. First-if there is a manufactured product that is (or must be) sold at low rates, it can easily distress the company’s bottom line. Second-if there is a product that is manufactured before its buying needs arise, resources must be earmarked to store the merchandise.

Inventory

Having an excess of inventory requires the additional money that is spent on storing it.

Conveyance

If you will unnecessarily move a part during a manufacturing process, you are likely to damage it and delay the entire production process too.

Correction

This, by and large, refers to the correction made in a work that has already been done. By doing so, you can incur heavy costs because you will have to check the production process from the beginning.

Motion

The term “motion” consists of all the body movements that are made by a worker during the manufacturing process. Motions sometimes include the body movements that cause stress and lead to possibly injuries as well.

Processing

If you are confused about the product’s working or the wants of the customers, that confusion can result in waste generation.

Waiting

Any delay that is encountered in the manufacturing process can waste a lot of time; this can increase the worker’s downtime, too.

Choosing the Right Prototype Manufacturer

Choosing the Right Prototype Manufacturer

Small Minimum Orders

As a start, in searching for a prototype manufacturing service provider to create your new product, opt for one with small minimum orders. All custom manufacturing companies or manufacturers of metal products have a minimum order quantity (or MOQ requirement), which you need to comply with to let them work on the job. Usually, MOQs range from 100 to 10,000 pieces. If you have a small-scale business, it is best to remain within your budget. So, look for a prototype contract manufacturing company that only requires small minimum orders, so it is easier to go to market.

Tooling and Molding

Next, remember that you are creating something that has never been done before, so you have to find a custom manufacturing company that could make your prototype; this provider also needs to make tooling and molds to produce your product. The prices of tooling and molding can range from $1,000 to $250,000 or even more. Reputable custom manufacturing service providers will try to lower your costs of investment for you – to be able to invest more in the actual product development and marketing.

Lead Times

One more thing to pay attention to when choosing a manufacturer is shorter lead times. A manufacturer of metal products, whether for your prototype or final product, has to be capable of giving fast turnaround times. If your product cannot be produced in time for your pre-sold products to be delivered, or inventory to be restocked, you can be sure to see an increase in returns and refunds. The prototype manufacturing company that will be able to deliver a continuous supply of goods can contribute to the success of your business.

Bill of Materials

Also opt for a manufacturing company that will help in the breakdown of costs of materials. No matter what is used, it is important to know the cost of each and every material, including the smallest items, and a good manufacturing company will provide you with a breakdown to show transparency on the materials used.

Quality

Last of all, it is important to ask the manufacturer for an explanation on their quality assurance processes for the finishing and transport of your products. The use of computer numerical control (or CNC manufacturing) can greatly increase the quality of your products. At times, companies that make use of this process are categorized as CNC manufacturing companies. When you choose such a company, you can be sure that this firm will be very reliable and consistent, since they have an automated rather than a man-operated production line.