Pros and Cons of In-house Production & Contract Manufacturing
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Choosing between in-house production or working with a contract manufacturing partner can be a difficult decision. This episode helps to dissect the pros and cons of each option, while also providing a third alternative. Benefits of in-house - Proximity between design and production - Opportunity to be scrappy - Theoretical potential to capture greater gross margin - Confidentiality is simpler - Greater flexibility - Quality and delivery is within your control - You care more Benefits of CM - Able to get to market faster - Predictable costs - Reduced capital investment - Higher net profit margin potential - Ability to leverage relevant, specialized knowledge - Ability to focus on core competency outside manufacturing - Greater reliability and performance (if you pick the right CM) Question - what do you do if you want to get the best of both worlds? About Edison: Edison Manufacturing & Engineering is a niche contract manufacturer, focused on flexible and capital efficient assembly of complex mobility and mobility-adjacent products that are not well suited for highly automated production. Edison website: https://edison-mfg.com/ Edison LinkedIn: https://www.linkedin.com/company/70992427/ Brandon Bartneck LinkedIn: https://www.linkedin.com/in/brandonbartneck/
