Under competitive conditions and an economic future that is uncertain, with Brexit looming large, manufacturing can find it tough going. For many manufacturers, the stark choice they face is between high value or high volume.
At the same time, the UK is continuing to suffer from a significant skills gap. This has an impact both on manufacturers and the wider economy.
However, it also points the way to an alternative strategy for manufacturers, whereby they offer more niche solutions.
Research, Development and Collaboration
Times are changing when it comes to research and development. For a long time, many companies have kept their R and D departments tightly contained and secretive. However, with the exponential rise in technology and the challenges posed by the 2009 recession, there is a greater spirit of openness.
More businesses are now forming collaborative relationships, or even partnerships, with specialist manufacturers who can provide them with cost effective design solutions
These kinds of design and consultancy services are increasingly important for manufacturers as a way of creating value or adding value to their services, and helping them grow or maintain a market share.
For the companies they work with, the benefits come with being able to source skills and resources they otherwise lack. But these arrangements also help to drive innovation, by shifting its focus out of the lab and into a practical production environment.
For a company, being able to access fast turnaround prototyping services puts them at a clear competitive advantage.
For the contract manufacturer, offering this type of service helps redefine them and the niche they are occupying. They can provide representative production items in a true manufacturing environment.
Meeting ISO9001 conditions at prototyping stage cuts down on development time, while providing cost effectiveness.
A shift in focus to design, problem-solving and prototyping may not suit all manufacturers, but for those who can and do embrace it, it offers new opportunities and long-term rewards
It adds a whole extra service dimension to what specialist manufacturers can offer their clients.
If you are you looking for design, prototyping or manufacturing solutions, contact Finch Electronics, where we can bring your ideas to life.
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