There is much to consider when moving your idea from prototype to product; and even more to think about if you’re considering overseas manufacturing. An important part of the considerations would be finding a fair price for making your products.
When considering manufacturing here in the U.S., the costs and specifications can get a bit overwhelming; this is why so many well-known companies opt for overseas manufacturing in order to create a quality product for less.
When it comes to overseas manufacturing, there will be additional fees that your company won’t initially be aware of until you experience the total process of getting products in-hand. Therefore, it’s important to learn the details of what is actually being quoted. Be certain of everything that the quoted price includes- such as shipping, customs fees, labor, packaging, materials, regulations, etc. Knowing exactly what your investment would entail, and then comparing it with other overseas, or even domestic, quotes is key to finding the best deal for your company.
Most overseas manufacturing costs will range anywhere from 15 to 25% less compared to domestic production. Therefore, it will be important to look for manufacturers who can easily provide specifics on total broken-down costs, industry standards, as well as a list of satisfied companies with whom they partner with. Moreover, researching factory reviews, ratings, and client recommendations is another way to learn about fair pricing.
Realistically, we know that you may not have time to research manufacturers or investigate fair pricing and negotiations, and this is where we can help. At ITI Manufacturing, you can cast your cares and time on us to handle your offshore production needs. Our years of business expertise will help connect you with the most reliable and suitable manufacturing partners available in your industry. We are your “Go To” source for all things overseas manufacturing, ensuring the proper specs, prices, and quality every time.
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