Toll manufacturing is a type of contract work that allows you to make your product with someone else’s facility and expertise. Many companies take this route because it saves them from buying new equipment and hiring specialists to operate it.
When using a toll manufacturer, you may end up ordering raw materials yourself. Learn three tips for choosing a chemical toll manufacturing supplier.
1. Talk With Your Contracting Partner
Your toll manufacturing partner will help you turn your project idea into a reality. Ask them if they know suppliers with competitive prices and reliable shipping. They may be able to point you in the direction of a supplier they’ve worked with in the past. Additionally, you may find some toll manufacturing partners who can directly supply raw materials.
2. Quality Is as Important as Price
Businesses spend time making new products (versus private labeling) is to have complete control over the ingredients, processing, and quality. Naturally, you want to find raw materials at the lowest price available since they will increase your profit margin. However, it’s important to consider material quality as much as price. Inferior raw goods can produce poor-quality products.
3. Pay Attention to Distance
By this point, you’re probably aware of the transportation nightmare disrupting global logistics. When you look for a supplier, it’s important to consider how far your materials will travel to the toll manufacturer. The closer they are, the shorter the waiting period will be. Choose a chemical toll manufacturing supplier that is close to your contracting partner.
Finding the Right Contracting Partner
Check out Capital Resin if you’re looking for a chemical toll manufacturing partner. We’ve helped over a hundred customers design products across dozens of industries, and we’d love to work with you next. Whether you’re at capacity in your facility or a small business looking to make a big impact, we can help you with manufacturing, research, storage, and distribution. Contact us today for more information.
