What is Turnkey Contract Manufacturing?
Definition
Turnkey contract manufacturing refers to an arrangement where a contract manufacturer takes on the responsibility for all aspects of the supply chain. This includes raw material and packaging procurement, warehousing of materials, inventory control, manufacturing, filling, assembly, quality control and shipping to your distribution channel.
What are the Benefits from Turnkey Manufacturing
The primary benefit is that turnkey contract manufacturing allows your company to focus on your core competencies such as innovation, marketing, selling and brand building. In addition, there could be cost savings due to the contract manufacturer’s purchasing power.