What is contract manufacturing in an international business?

What is contract manufacturing in an international business?
by

1 Answer

Answer :

I work at a company that specializes in contact manufacturing so I hope I can give you some “insider” insight for your question. Contract manufacturing for an international business is essentially the partnership of two or more businesses in different countries where one company specializes in manufacturing the product in question. Countries such as China and Vietnam are common when one thinks about contract manufacturing. What this means internally would generally be getting a quote from us, proposing your design to us, communicating what you want the product to do (details + functionality engineering), your budget and timeline, and the number of units you want. In between, our team of engineers would also propose designs to the clients and have the clients choose a design that best match
by

Related questions

What is outsourcing of production and concentrating on marketing operations in international business, known as ? (A) Licensing (B) Franchising (C) Contract manufacturing (D) Joint venture

Description : What is outsourcing of production and concentrating on marketing operations in international business, known as ? (A) Licensing (B) Franchising (C) Contract manufacturing (D) Joint venture

Last Answer : Answer: Franchising

The mode of entry into international business with least risk to the firm is: A. Indirect exports B. Direct exports C. Management contract D. Contract Manufacturing

Description : The mode of entry into international business with least risk to the firm is: A. Indirect exports B. Direct exports C. Management contract D. Contract Manufacturing

Last Answer : Indirect exports

McDonalds is deciding whether to expand into manufacturing kitchen equipment in China. At what level is this decision likely to be made? A. Business B. Corporate C. Functional D. International

Description : McDonalds is deciding whether to expand into manufacturing kitchen equipment in China. At what level is this decision likely to be made? A. Business B. Corporate C. Functional D. International

Last Answer : Business

McDonalds is deciding whether to expand into manufacturing kitchen equipment in China. At what level is this decision likely to be made? A. Business B. Corporate C. Functional D. International

Description : McDonalds is deciding whether to expand into manufacturing kitchen equipment in China. At what level is this decision likely to be made? A. Business B. Corporate C. Functional D. International

Last Answer : Business

How does international law facilitate international trade and investment? A. It makes it easier to resolve contract disputes for firms involved in internatio nal trade and investment. B. It allows business to choose the most favorable national legal system to instit ute proceedings. C. The terms used in international conventions are open to differing interpretations. D. The Uniform Commercial Code favors big US multinationals.

Description : How does international law facilitate international trade and investment? A. It makes it easier to resolve contract disputes for firms involved in internatio nal trade and investment. B. It ... are open to differing interpretations. D. The Uniform Commercial Code favors big US multinationals.

Last Answer : It makes it easier to resolve contract disputes for firms involved in internatio nal trade and investment.

How can we compete in the international market in manufacturing? -Geography

Description : How can we compete in the international market in manufacturing? -Geography

Last Answer : Efficiency and competitiveness are the keys to compete in the manufacturing sector in this era of globalization. To boost the economy, it is important to export as well as import the goods; ... quality of the product must be better than others. This requires efficiency in the production sector.

How can we compete in international market in manufacturing? -SST 10th

Description : How can we compete in international market in manufacturing? -SST 10th

Last Answer : In the present-day world of globalisation, our industry needs to be more efficient and competitive. Self-sufficiency alone is not enough. Our manufactured goods must be at par in quality with those in the international market. Only then, we will be able to compete in the international market.

Electrical insulation is classed by the _____________. A. International Association of Electrical Manufacturers B. approximate operating voltage and current expected C. U.S. Coast Guard D. temperature stability of the manufacturing material(s)

Description : Electrical insulation is classed by the _____________. A. International Association of Electrical Manufacturers B. approximate operating voltage and current expected C. U.S. Coast Guard D. temperature stability of the manufacturing material(s)

Last Answer : Answer: D

What does a "buyer" in the purchasing department of an industrial manufacturing business do?

Description : What does a "buyer" in the purchasing department of an industrial manufacturing business do?

Last Answer : Hand tailor your resume to the six items you mention, include simple examples of completing them. MRO is Maintenance, Repair and Operations. They are the supplies and items that support the company from toilet paper, paper clips to cutting oil, step motors for multimillion dollar machine tools.

Does outsourcing your business process to external comanies always mean outsourcing the actual manufacturing of products or provision of services?

Description : Does outsourcing your business process to external comanies always mean outsourcing the actual manufacturing of products or provision of services?

Last Answer : I work for a service company that outsources a lot of work to India. The representatives in India will take phone calls from customers, process claims or other functions, or just about anything. ... such as payroll, employee benefits, accounting, and customer service (no joke on that last one).

Currently, LPP is used in solving a wide range of practical ___________ a. Business problems b. Agricultural problems c. Manufacturing problems d. None of the above

Description : Currently, LPP is used in solving a wide range of practical ___________ a. Business problems b. Agricultural problems c. Manufacturing problems d. None of the above

Last Answer : a. Business problems

What is the mainstay of Indian economy? A. Manufacturing B. Business C. Public sector D. Agriculture

Description : What is the mainstay of Indian economy? A. Manufacturing B. Business C. Public sector D. Agriculture

Last Answer : D. Agriculture

When one side pulls out of a contract (for example in the case of Paula Deen's business deals), don't they still have to pay the other side and fulfill the contract?

Description : When one side pulls out of a contract (for example in the case of Paula Deen's business deals), don't they still have to pay the other side and fulfill the contract?

Last Answer : I am no lawyer but wouldn't they have some kind of a morals clause in the contract? I am not sure that is the right term, but I am guessing that there is some kind of clause in ... her if she does anything that damages her reputation to the point that it would reflect negatively on their brand.

What is the best contract management software for a small business?

Description : What is the best contract management software for a small business?

Last Answer : There are many softwares available. The best one for small business is CobbleStone Systems.

A preferred provider organization is described as a a) Business arrangement between hospitals and physicians. PPO’s usually contract to provide health care to subscribers, usually businesses, for a negotiated fee that often is discounted. b) Prepaid group health practice system. A prepaid group health practice system is termed a health maintenance organization. c) Limited insurance program. Insurance is a cost payment system of shared risk, not a health care delivery system. d) Health care savings account program. A health care savings account program is an incentive program to consumers, not a health care delivery system.

Description : A preferred provider organization is described as a a) Business arrangement between hospitals and physicians. PPO's usually contract to provide health care to subscribers, usually businesses, for a ... savings account program is an incentive program to consumers, not a health care delivery system.

Last Answer : a) Business arrangement between hospitals and physicians. PPO’s usually contract to provide health care to subscribers, usually businesses, for a negotiated fee that often is discounted.

Bailment is a special kind of contract that is widely used in business and in: a) Personal affairs b) Cultural activities c) Academic research d) Charitable institution

Description : Bailment is a special kind of contract that is widely used in business and in: a) Personal affairs b) Cultural activities c) Academic research d) Charitable institution

Last Answer : a) Personal affairs

Exemplary damages are not awarded in such case (a) Breach of promise to marry (b) Wrongful dishonour & customers cheque by banker (c) Breach of any business contract (d) None of the above

Description : Exemplary damages are not awarded in such case (a) Breach of promise to marry (b) Wrongful dishonour & customers cheque by banker (c) Breach of any business contract (d) None of the above

Last Answer : (c) Breach of any business contract

A makes a contract with B to beat his business competitor. This is an example of (a) valid contract. (b) illegal agreement. (c) voidable contract. (d) unenforceable contract.

Description : A makes a contract with B to beat his business competitor. This is an example of (a) valid contract. (b) illegal agreement. (c) voidable contract. (d) unenforceable contract.

Last Answer : (b) illegal agreement.