Definition: Contract Manufacturing is a business outsourcing model in which the hiring firm approaches the contract manufacturer with a design or formula, after which the contract manufacturers will quote the parts based on processes, labor, tooling, and material costs. |
More on manufacturing: 5 Whys, Changeover, Cradle to Cradle, Experience Curve, Five S, more on manufacturing... MBA Brief provides concise yet precise definitions of organizational concepts, management methods, and business models as taught in an MBA program. We keep it short and provide links to high-quality websites where you can learn more about your topic. |
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