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The Strategy Of Pricing

As we see shifts in globalization, and manufacturing returns to the United states, we need to keep in mind that we will also need to adapt our pricing strategy. Shopping for manufacturing requires a new method and a higher commitment to strategic partnerships. Let’s take a closer look at some of the differences we are likely to see.


Our Pricing

When it comes to pricing, most plastic injection molding manufacturers should have roughly the same costs. Therefore, in theory, you shouldn’t see that much price variation. But I can guarantee, you will.

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Pricing Mistakes

You want to get really serious about your manufacturing costs right from the start. What looked like an unbelievable deal usually is unbelievable because it will cost you a lot more in the end.

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Beware of Hostile Sale Strategies

Here’s some strategies to look out for in the manufacturing industry.

Desperation

When a company is behind on their bills, and are willing to take any sort of work at any price. How to identify this method:

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Straightforward Pricing

And lastly, there is the straightforward pricing method. This is the method we use. We use the information we get from you to build a real and honest quote you can budget with. What’s the difference?

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Price vs. Cost

Most companies do not have a system setup to truly account for all of the costs.

So what is the difference between price, and cost?

Price: The dollar amount you pay to purchase a product. In this case this would be the number on the bottom of a quote.

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Keep Exploring The Knowledge

China

Keep up to date on all the crazy things that are happening with China, and learn how that will impact your manufacturing in the near future.

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Globalization

For decades we have relied on globalization as the backbone on which we do business. But as that system adjusts to the new reality, we will need to make changes to our business, and how we think about our supply chains. This is not something we can afford to ignore, we will need start adjusting our strategies soon before we are caught off guard.

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