When placing orders with product suppliers, businesses need to know the quantity of what they need. Many product sourcing companies set a minimum order quantity (MOQ) that ensures the supplier is also profiting enough off of the products manufactured. While the product supplier needs to benefit off of the orders placed, businesses may also find…
How to Find a Manufacturer to Make Your Product
You have a new product idea that you think would be a profitable addition to your existing or new business. Now what? Most startup, small, and local businesses do not have the means and operations to take product manufacturing in-house. It requires expensive equipment and skilled labor to turn your products into a reality. But,…
Original Equipment Manufacturer: How to Work with an OEM
Is your business in need of a custom or part or series of parts in an assembly? Partial or completely custom consumer product? Perhaps your product could be made better if you just had one specific part or modification. An OEM offers specialized or custom components to businesses at affordable costs, helping enhance your existing…
What Is Injection Molding?
Plastic injection molding is a complex manufacturing process in which molten polymer is injected into a cavity, or mold. There are endless uses for custom molded plastic parts, all molded depending on a business’s needs. For example, custom plastic pet toys benefit from injection molding, as the process helps to create a unique product at…
What Is Private Label?
A private label refers to a product sold under one company’s brand that was manufactured by another company. This involves a unique manufacturing process that will not be found being used by any other companies offering the same or a similar product. For example, a golfing store will not be able to sell the same…
5 Key Factors to Consider When You Outsource Product Manufacturing
Businesses are always looking for the most efficient and cost-effective solutions for product manufacturing. One misconception, especially with smaller businesses, is that outsourcing for custom product manufacturing is more expensive and more complicated than their business can handle. But, not all custom product manufacturing has to put additional stress on a business. IPS offers an…
Customer Centric Product Development: Addressing Needs with New Products
What Is Customer Centricity? Being a custom-centric business requires putting the needs of the customers first. Custom centricity prioritizes the customer’s needs when making business decisions. These decisions on delivery methods, products/services, and even branding decisions. All of the decisions are made with the goal of high customer satisfaction which, in turn, also nurtures…
Made in Taiwan Products: Manufacturing Guide for Businesses
The United States has a strong relationship with Taiwan when it comes to manufacturing. In recent years, it continues to grow as a leading manufacturing country. For 2024, Taiwan’s manufacturing market is expected to grow at a rate of 2.32% with a projected $205.30 billion in USD. You have probably seen “Made In Taiwan” printed…
Vietnam Products: The Benefits of Outsourced Manufacturing
Trade relations between Vietnam and the U.S. have strengthened immensely in recent years. In 2022, U.S. imports from Vietnam increased 25.1% year over year. Highly skilled labor at a low cost is one of the many reasons why IPS has turned to Vietnam for manufacturing facilities to design and manufacture a wide range of custom…
Pros and Cons of Manufacturing in China
China is a powerhouse country when it comes to manufacturing. According to the World Economic Forum, 28% of global manufacturing in 2018 was from China. With low labor costs and high mass production capability, it’s no wonder so many companies across the world turn to China manufacturing for their products. But, the benefits of Chinese…