Did you know the average manufacturer outsources 70% to 80% of its finished product? There’s a reason so many businesses are outsourcing; it comes with a ton of benefits.
If you own a business that manufactures any kind of product, the idea of outsourcing that manufacturing may sound appealing. Having one less thing to worry about, and saving some money in the process, might sound too good to be true.
So, is outsourcing your manufacturing really as good as it sounds? The short answer? Absolutely!
In this article, we’ll tell you why outsourcing manufacturing is something you should seriously consider, and why it’s a great move for any business owner.
Now then, let’s get started!
1. Lower Your Labor Costs
Without a doubt, the biggest benefit of outsourcing your manufacturing is the ability to lower your labor costs. Lowering your hourly wages is an obvious plus. But payroll taxes and other benefits could be way cheaper via outsourcing as well, which is why it’s worth looking into.
Outside if the costs of paying employee wages, the costs to actually run a manufacturing facility can be greatly reduced as well if outsourced.
2. Deal with Fewer Regulations
One of the worst parts about manufacturing any kind of product is dealing with the various rules and regulations that come along with doing so. Those rules and regulations often make little to no sense and are simply designed to get you to spend more money.
If you plan on outsourcing out of the United States, you may be dealing with fewer regulations, which can save you money. Things like what kind of materials you’re allowed to use and other variables that raise the costs of production are often much cheaper outside of the US.
3. Focus on Other Things
If you’re a business owner, you probably often find that there’s just not enough hours in the day to accomplish everything.
The list of things that you’re responsible for and need to get done can be quite long. Checking off all the items on that list can seem next to impossible to do, especially in a timely fashion.
If you eventually decide to outsource your manufacturing, you’ll free up a lot of time and energy that you can then spend elsewhere. Things like marketing and customer relations can become a bigger priority, allowing you to grow your business much easier.
Why You Should Consider Outsourcing Manufacturing
Well, there you have it! Those are a few of the benefits of outsourcing manufacturing. Outside of having one less thing to worry about, you can also save a ton of money by outsourcing your manufacturing.
So if you’d like to spend more time outside of the office, or focused on other things, it’s absolutely the way to go. Additionally, if you want to save some money, or free up more money to spend elsewhere, outsource your manufacturing.
Looking to outsource some or all of your manufacturing? Contact us today, we’ll be glad to help you get the process started!