Turnkey manufacturing is when the entire manufacturing and supply chain process is conducted by one supplier. From concept to the part. Including the design process, the full production procedure, assembly, packing and Free into Store delivery to site.
There are many benefits of turnkey manufacturing for both the customer and the supplier, including streamlined communications and cost-savings. Below, we’ll discuss these advantages in detail.
1. Shorter Production Times
The adage “time is money” certainly applies to the manufacturing industry. Delayed customer orders mean profit losses and tarnished reputations. Often when several different manufacturing firms are working on the same project, miscommunication, disorganization, and high capability variance all contribute to frustratingly long production lead times.
However, turnkey manufacturing services help project leaders bypass many of these issues. Since all phases of production are combined under one company, tasks are easier to coordinate, and streamlined communication processes prevent unnecessary misunderstandings.
Further, in a turnkey solution, each member of the manufacturer’s team provides a high-quality product, according to specified design requirements. This shared aim keeps everyone focused on the job at hand.
A reputable turnkey provider will always have set up protocols in place to serve as the foundation for their team’s success. This systematic approach to the project workflow will boost efficiency and ensure production times are minimized. In case of a setback, partnering with a single manufacturing company instead of multiple companies makes it easier to get the project back on track.
2. trong Manufacturing and Design Dynamic
In a project workflow fragmented between multiple companies, designers and manufacturers are often at loggerheads over various features of the requested products. Additionally, when team members need to adjust the project mid-process, project leaders must coordinate between both the design department and the manufacturing company and ensure everyone is on the same page with any changes.
On the other hand, turnkey suppliers can combine the design and manufacturing departments into one centralized point of access. Instead of separately contacting the designers and suppliers every time a change must be made to an existing design, you’ll enjoy streamlined communication with one company and one point of contact. This also allows for quicker implementation of the necessary changes.
Established turnkey suppliers also hire manufacturing teams with years of experience working in close collaboration with designers and toolmakers. This results in a certain “comfort level” when it comes to implementing mid-project adjustments.
In addition, all the headache of coordinating supplier schedules, managing different vendors, and sending or resending plans and prototypes is eliminated in a turnkey process. Your single supplier is fully accountable for the project and can instantly update you with an email or phone call. The ultimate result is a strong, unified design and manufacturing process.
3. Vested Interest in Your Success
Partnering with several different companies often results in considerable discrepancies in quality. A fragmented approach to the manufacturing process also may lead to a loss of focus for your suppliers. In their mind, you are one of dozens, even hundreds of customers, and they may not have the resources or inclination to give you any preferential treatment over their other clients.
In contrast, partnering with a well-established turnkey provider ensures a high consistency in the level of quality. Every member of a turnkey manufacturer’s team has a personal stake in seeing your project through to a successful completion. Turnkey suppliers are held to a higher degree of accountability; after all, if problems occur, there is no one else to blame.
With a turnkey solution, you’ll also receive more personalized service and a designated account contact that is exclusively focused on your project. All these factors guarantee a smoother process throughout the lifetime of the project.
4. Higher Savings
A fragmented approach to a project can also often result in higher costs. For instance, manufacturing firms that specialize in only one phase of the project will often charge full price for their service. Invoicing methods will no doubt differ from company to company, meaning your accounting department will have to spend more person-hours organizing statements and itemizing transactions. Of course, slower lead times also incur indirect costs.
Full-service turnkey manufacturers will save you money in such aspects. They often offer discounted rates for your level of investment as their customer. As mentioned previously, they generally deliver on quicker lead times, saving you on indirect costs. Moreover, members of your accounting department will no doubt appreciate receiving invoices that come from only one company, instead of several.
About V1 Turnkey Manufacturing
There are many advantages of collaborating with a turnkey manufacturer: quicker production lead times, a more streamlined dynamic between the design and manufacturing departments, a common goal shared by all team members, and reduced costs.
Among manufacturing firms, The V1 Mold Technology has been an industry leader in supplying turnkey solutions for more than 20 years. We are wholly owned subsidiary of the V1 group, based in China, and have been supplying high-volume injection molding services since 2002. Our highly customized solutions serve a wide range of industries, including:
- Automotive Mold
- Medical Mold
- Domestic Appliances
- Optics Mold
- 2K injection molding
- low-volume injection molding
- two-shot molding
- post molding production and services
Our injection molding presses, ranging from 20 to3500 tons, are operational 24 hours a day, seven days a week. As specialists in high-precision, high-volume custom plastic injection molding, we make it a point to closely collaborate with every client, so all our customers receive added value from our decades of experience in the industry and receive a product that meets or exceeds their expectations.
V1 Mold is certified to ISO 9001:2015 standards and is IATF compliant for automotive parts. Many of our in-house designers began their careers as toolmakers, which means they have a keen understanding of the requirements for creating a mold that is truly suitable for the manufacturing environment. Our experts can design and build your mold, as well as supply robust quality assurance throughout the entire production process.
To learn more about our end-to-end turnkey solutions and how we will see your high-volume project through to completion, visit our website today!