Contract manufacturing occurs when a company partners with a specialized manufacturer to produce specific components or products for a determined period of time. Think of it as outsourcing production to experts who can deliver exactly what you need, exactly when you need it.
In a typical arrangement, a contract manufacturer produces parts, components, or even complete products according to the client’s specifications. These items are then used by the client in their own manufacturing process or included in their final products. Many contract manufacturers operate as third-party specialists, either focusing entirely on contract work or supplying products to several companies.
Learn more about contract manufacturing.