The answer to this question could have a lot to do with your business and the economy in general. If you are trying to get a new product into the market, it is more often than not that you will be working with manufacturers and suppliers instead of a single individual.
A manufacturer and supplier can be a great asset to a company wanting to bring out a new product. There are many benefits to working with both manufacturers and suppliers, as well as disadvantages to working with them.
Cost – Both these companies will be bringing a very large amount of supplies to your project. In addition, each will also have their own pricing structure, which is something you should consider. The main thing to keep in mind is that in some cases you can actually save money by working with a different company.
Product Availability – You may have noticed that one company has a new product while another company has a lot of the same products. Manufacturers and suppliers typically have an enormous supply of products. One of the biggest advantages of working with a manufacturer and supplier is that they will often have exactly what you need, without having to order every single part of the product that you need.
Support – Another way of answering the question of what is the difference between manufacturer and supplier is that you will have access to their technical support team. If a particular component of the product does not work properly, there will be someone who can help you. You should also take into consideration the fact that your manufacturer and supplier will come to your home or office if your product needs to be sent off.
Market Knowledge – Often times when you work with manufactures and suppliers you will be working with a specific product that may not be in demand at the moment. This is because of the economy. However, it is always important to consider that your manufacturer and supplier will know exactly what is going on in the market and have information that will be useful for your new product launch.
Design Development – In most cases you will have access to the design team who will be able to make changes to the design as it is being tested. Working with a manufacturer and supplier helps you to improve the design and make it as perfect as possible.
Price – It is always important to consider that the price of a product may vary considerably from manufacturer to manufacturer. The price may be determined by several factors such as size, shape, brand, and number of parts that you will be using. If you decide to use the same manufacturer and supplier, you will also not be able to take advantage of lower prices on certain products.
Customer Service – When you decide to use a manufacturer and supplier you will be working with individuals who will be very customer oriented. They will be glad to answer any questions you may have as well as providing excellent customer service to ensure you are satisfied with your purchase.
Quality – Sometimes the products that are available at low end prices are not made as well as others. The manufacturing process may cause errors and quality control may be compromised.
In some cases a manufacturer and supplier can work together and make a huge difference to the end product. On the other hand, this situation could mean that you are stuck with substandard products that may have only been rushed through the production process.
One final point that should be considered is that sometimes the lowest price is not always the best choice. If you are unable to see past the initial price then you may be better off looking at the different features that are available at different prices.