- Brijesh Dubey
Ben & Gaws – Contract Manufacturing￼
What is Contract Manufacturing?
Contract Manufacturing is a process followed by many companies where they allocate the contract to the third party to complete the project. This third party is a vetted, verified company that completes its task on time to meet the given requirements according to the customer.
It’s like if you have been given an order, and you have decided to outsource its fabrication and deliver it to the End Customer. This method /approach of manufacturing is used by many companies.
Ben and Gaws follows the process of Contract Manufacturing and assigns the project assigned by the client to its vendors.
Benefits of Contract Manufacturing:-
When a company gives a contract to the vendors for the entire project or some of the parts or components, it is assured of several benefits and profits, be it in terms of money, time or quality.
1) Quality: – The assigned vendors are experts at their job. They are specialised in their area which ensures the production of high-quality products. The results are better as the involved personnel know their job and are good at execution. This establishes trust in the processes between vendor and buyer. The company can be rest assured of the quality and standards of the deliverables to the client company. They know that the quality will not be compromised as their project is in the hands of a team with skilled and talented engineers using high-quality tools and equipment.
2) Can focus on marketing:- When a company assigns the job of manufacturing to another company, it gets freed from various tasks related to the product manufacturing, inventory management, capital investment etc. So, it can focus more on other aspects of the businesses like sales, marketing, business development etc.
3) Timely delivery:- Since the vendor network is extremely good and efficient at its job, it invest less time in research and development rather focus more on production quantity. They are best at their job and experienced in delivering in right product faster. They value timely delivery because it establishes trust and ensures business. Hence, this process is known to yield better and faster delivery. This way the company which hires another company for the specific products or complete projects also saves its own manufacturing time. This results in quicker delivery of products and services to the customer.
4) Cost-effective:- This way of production is a cost-effective technique of manufacturing. As the hiring company does not have to use its own products, raw materials, this saves them a lot of money and investment. Hence, the hiring company doesn’t invest in raw materials, production, machinery, material costs, setting up of a plant, etc. Thus, it saves operation costs as well as there is no need to build or run a fully functional factory for all components manufacturing.
5) Better and easy access to the markets:- Contract manufacturing, overall, has several benefits. Apart from saving energy and money, this form of process also helps to create a reputation and name in the market. With consistent and timely delivery of high -standard quality products, it opens a market for business. With less expenses to bear, the companies gain profits by entering and venturing in local as well as global markets.
About Ben and Gaws:-
Ben and Gaws Private Limited is a leading and renowned company which deals with manufacturing of equipment and machinery. It is an engineering organisation that specialises in designing and installation techniques for the project. It has its headquarter in Delhi.
Ben and Gaws Legal is the legal department of Ben & Gaws Pvt Ltd, which has been in place to protect the company’s policies and to oversee the overall quality and standards of its products.
This legal sector is in charge of ensensuringhat the process runs well and providing suggestions and solutions for increased efficiency.
The Ben & Gaws Legal branch’s guidelines and strategies aid in the proper execution and completion that is.