Definition of Contract manufacturing:
Production of goods by one firm, under the label or brand of another firm. Contract manufacturers provide such service to several (even competing) firms based on their own or the customers designs, formulas, and/or specifications. Also called private label manufacturing.
How to use Contract manufacturing in a sentence?
- You need to be able to handle all of the contract manufacturing to get everything made on time for your customers.
- Apple computers, one of the biggest tech companies in the world, uses contract manufacturing for their computer parts through firms like Foxconn.
- Our contract manufacturing agreement was really coo and it allowed us to do a lot of new things at the same time.
Meaning of Contract manufacturing & Contract manufacturing Definition