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Do You Really Need to Manufacture Your Products?
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[QUOTE="Phantasm, post: 342892, member: 94599"] The decision whether to make your products depends on quality control, intellectual property protection, cost, supply chain management, flexibility or agility in terms of changing the product design or production process, speed to market, scalability and regulatory compliance. In-house manufacturing gives you the ability to control quality assurance processes, manage costs effectively through economies of scale as well as protect company’s intellectual property rights. It also allows for customization and quick response time to changes in the market. Unlike outsourcing it is exposed to risks such as operational challenges and regulatory requirements. Outsourcing may also increase responsiveness and enable a business to focus on its core competencies. Business model industry dynamics goals resources are some of the factors that should be considered for one to make rational decisions towards this course though carrying out thorough analysis of both sides . Finally a choice must ensure customer satisfaction , brand reputation ,and market competitiveness at all times. [/QUOTE]
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Do You Really Need to Manufacture Your Products?
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