Even though electronics manufacturing is already highly automated, humans still orchestrate the operations and provide resource and material management, manual assembly operations, production planning, and process modeling. These manual processes and disconnected systems in manufacturing increase overhead costs and mask the time, cost, and effort invested in making these processes work.
And, it's very challenging and time-consuming for contract manufacturers (EMS, CMs) to quickly provide accurate pricing when creating a full quote (RFQ) to win more contracts with electronics OEM equipment manufacturers.
As the saying goes, time is money. The more you can squeeze out of your production lines, the more money you make, right? But if you’ve been struggling with improving production or even if everything is going fine, it’s possible to increase throughput by just reorganizing the way you work. The key is to have the visibility to make all your operations run as smoothly and seamlessly as possible.
Contract manufacturers invest significant amounts of time and resources to accurately determine their capacity and capabilities to build products based on the OEM's program requirements. It poses a substantial risk for contract manufacturers whose business model relies solely on their ability to win contracts. And it's confusing for all stakeholders because of the variation in pricing when OEMs request bids from multiple sources because there's no industry standard or guidelines for pricing models.
The goal is to grow your business, and if you're a CM, you want to bid high, but you want to be competitive. And, the more bids you can submit, the more contracts you can win.
But accuracy matters. Don't leave money on the table, and don't underbid and lose money.
The trick for all manufacturers is to know what you can build, where and how you can make it, and if you’re a CM what you can realistically charge for the service to win the contract.
Join our webinar and learn how to:
Learn how to accurately assess production resources to deliver on time and on budget, while avoiding costly penalties, or passing up bids, and under or overestimating labor and equipment costs.