Why is Estimated Annual Usage (EAU) important in manufacturing? EAU is an essential metric that helps manufacturers plan their production schedules, inventory levels, and budgeting. With accurate estimation of EAU, manufacturers can ensure that they have enough raw...
What is outsourcing? Outsourcing is a corporate strategy that involves engaging external providers to deliver services or products instead of producing them in-house. Outsourcing manufacturing, also known as contract manufacturing, allows companies to partner with...
What is Contract Manufacturing? Contract manufacturing is a form of outsourcing where a third-party manufacturer produces components or products on behalf of a company. Typically, a company initiates contract manufacturing by presenting a part design or product...
Asia has slowly but surely become one of the world’s biggest trade centers. In most cases, wholesalers and retailers prefer getting goods from this continent due to numerous reasons like high quality production and low costs. Taiwan, in particular, has been becoming a...
Running a business that sources products from developing markets such as China and Taiwan, you will inevitably come into contact with a sourcing agent or a distributor. The distinctions between the two are notable. In this article we will go over the role of a...
