August 20196 MANUFACTURINGTECHNOLOGYINSIGHTSToday, most industries prefer to engage contract manufacturers due to lack of supply chain management expertise and increasing costs. The advancement of technologies further adds to this preference. To attain a leading position in the market, it is advisable to outsource part of the production requirement to flexible and responsive contract manufacturers. With hands-on experience, advanced skills, and deep relationships with diverse companies, contract manufacturing service specialists play an instrumental role in enabling a company to achieve cost savings as well as improved quality and time to market. Contract manufacturers accelerate the pace of production in a streamlined and quality-controlled manner, thus accomplishing the business goals of their clients quickly and more effectively. They can also save on labor costs such as wages, training, and benefits. They follow standard operating procedures and carry out due diligence to ensure the item under production meets the necessary compliance and quality standards. With continuous training and education, contract manufacturing service providers ensure their workforce has the material handling and proper equipment maintenance know-how. They can help in retaining in-house activities and control responsibilities including quality assurance, product cost management, customer service and interactions, and order management.With the rising market competition, it is expected that the global contract manufacturing services market in every sector, from pharma to electronics, will take a huge leap in the near future. To assist the industries in taking advantage of highly effective contract manufacturing services, this edition of Manufacturing Technology Insights features a list of leading service providers along with insightful articles from thought leaders. Let us know your thoughts. Enabling Cost-Efficient ProductionEditorialCopyright © 2019 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Contact Us:Phone:510.936.8381Fax:510-894.8405Email:sales@manufacturingtechnologyinsights.comeditor@manufacturingtechnologyinsights.commarketing@manufacturingtechnologyinsights.com August - 05 - 2019, Vol 05 - Issue 12 (ISSN 2644-2493) Published by ValleyMedia, Inc. To subscribe to Manufacturing Technology InsightsVisit www.manufacturingtechnologyinsights.com Editor-in-ChiefLaura DavisEditorial StaffSalesVisualizerBrian HardingMax Wilsonmax.wilson@manufacturingtechnologyinsights.comT:510-556-2402 Ava Gracia Peter ThomasRose DcruzCalvin JamesTECHNOLOGY INSIGHTSTECHNOLOGY INSIGHTSLaura DavisEditor-in-ChiefManufacturing Technology InsightsWrite to useditor@manufacturingtechnologyinsights.com*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staff
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