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Food Business Review | Saturday, November 18, 2023
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When choosing a supplement manufacturer, it's crucial to evaluate certain qualifications to ensure you partner with a reliable manufacturer. These qualifications include industry experience, well-equipped facilities, efficient turnaround times, packaging and storage options, transparency in minimum order requirements, and the ability to provide custom formulations.
Fremont, CA: Selecting the right supplement manufacturer is a crucial decision, whether your business offers a single supplement or a range of products. The criteria for choosing a manufacturing partner may vary based on your specific needs, but there are fundamental qualifications that apply universally. Before making your selection, consider these eight essential criteria to ensure you're partnering with a competent supplement manufacturer, regardless of your business's offerings.
Industry Experience
The manufacturer’s experience level is frequently correlated with their familiarity with the procedure and the applicable regulations. However, don't limit yourself to working with the firm with the most experience. New, emerging manufacturers can present innovative approaches and technologies to the market.
Lab and Research Facilities
A facility visit should be requested before deciding on a manufacturer. Additionally, you should meticulously observe their laboratory facilities while ensuring they are organized and well-run. Make sure the staff employs the latest tools and techniques when you take a tour of the lab.
If you want to grow your company, especially to explore research and development prospects, consider collaborating with an entity beyond manufacturing.
Turnaround Time
Discover how long the manufacturer will take to complete an order from its placement to the delivery date. As you gain more knowledge on turnaround times, evaluate whether they are equivalent for new and old items.
Packaging, Shipping, and Storage Options
Depending on your company style, you could collaborate with a provider that can package goods on your behalf. Some manufacturers only provide wholesale items, requiring your staff to handle the packing.
The shipping and storage alternatives that various manufacturers provide should also be considered. Examine the data to see whether handling the packing, shipping, and storage requirements internally or through outsourcing is more cost-effective.
Minimum Order Requirements
Before signing a manufacturing contract, verify any minimum order requirements. Your money will be well-spent on insignificant purchases if your order quantities exceed the minimums.
Availability of Custom Formulations
In 2022, the projected annual revenue for the supplement industry is $37.2 billion. Offering distinctive items with customized algorithms is a common strategy for differentiation in the competition. Ensure that your manufacturer can comply with having goods made specifically for your company.