A reliable manufacturer will not only provide you with the best products but also guide you through the entire process of production.
A large part of growing a business in today’s market is finding reliable supply chain partners. One thing the pandemic taught business owners across all industries is that a disrupted supply chain has the potential to cause a lot of chaos. Choosing the wrong supplier or manufacturer for your products will affect your customers, employees, bottom line, and your company’s reputation.
Beyond all of the potential risks involved with choosing offshore or untested suppliers because they offer cheaper products, there are three great benefits you’ll be missing out on. These benefits will be more than enough to convince you why choosing a reliable manufacturer will turn out to be the best thing you ever did for your business.
3 Reasons Why a Reliable Manufacturer Is Your Best Friend
1. Avoiding the ripple effect
Analysts use the supplier risk exposure model to show how a disruption in your supply chain can cause a destabilizing ripple effect that has an impact on your company’s finances, performance, inventory and customer satisfaction. When B2B customers partner with manufacturers and suppliers who can’t deliver on their promises or cut corners with lower-quality products, it’s not only a bad decision, it’s one that could likely have lasting effects on your business.
That ripple will affect your customers, who won’t get the products they need to run their own businesses and fill orders. Their business reputation will suffer, as will yours, and it all could be solved by choosing a reliable manufacturer who could have made sure you received the product on time in the first place.
2. Streamlined inventory management
Research shows that information sharing can improve efficiency in your inventory management, resulting in fewer disruptions. Manufacturers who work within this model and understand the importance of streamlined inventory management are the most reliable and should be able to discuss with you in-depth how they mitigate disruption risks.
Choosing manufacturing partners who source their materials onshore takes away a lot of the threats, such as bottlenecks and shortages that occur when working with offshore partners. While the U.S. has its own obstacles related to shipping and logistics, those are minor when compared to the global outlook. That’s why working with supply chain partners who have been in business for a while and have the reputation to back it up is smarter than going with “the new guy” just because it could cut some costs for you.
3. Quality assurance
Another benefit of onshore supply chain partners is the opportunity to visit the facility, ask the right questions and see for yourself how quality assurance goals are met. When you keep this kind of transparency between partnerships, you’ll be less likely to be the victim of poor business practices.
This includes practices like lowering quality to cut costs, which will eventually have negative repercussions for every partner along the supply chain. Lower quality machine parts, such as o-rings or other components, can also result in broken machinery, downtime, injury, and even death.
The right partner changes things
Just as poor choices in manufacturing partners can cause havoc on your business, the right ones can help you become more successful than ever before. Unstable economies and changing markets are challenges that are best-met head-on with the right partnerships that are founded on common goals, shared information, and transparency in quality assurance protocols.
In conclusion, having a reliable manufacturer is essential in B2B markets for the following reasons: quality control, timely delivery, and cost savings. When you have a manufacturer you can trust, you can focus on other aspects of your business and know that your product is in good hands. So find a reliable manufacturer and make them your best friend in business.