Turnkey product development is a method of utilising one reputable supplier to complete a supply chain, rather than having to connect with and hire multiple organisations. From the initial product design to ensuring the product arrives where it needs to, turnkey manufacturing has multiple benefits, some of which we explore below!
1. Streamlined communication
When you only have to communicate with one company, communication can be much more efficient and streamlined. Alternatively, if you were required to speak to multiple different designers, manufacturers and distributors, data-transferring will not only be more difficult, but important ideas and instructions may be lost in communication.
2. Dependable design and manufacturing
Rather than having to research multiple companies, with turnkey product development you only have to communicate with one expert company. This will ensure high-quality at every stage of the production process as the turnkey company will create a product design that they know they will have the technology and expertise to manufacture.
3. Cost-effective
Turnkey product development can reduce costs in freight, component supply, electronics manufacturing and engineering time as this will all be managed by one company. All payments can be paid directly to one company, simplifying your outgoing payments and preventing the need to negotiate finances with multiple establishments.
4. Improved speed
When you work with one company, all departments are in sync and have effective lines of communication. Design and manufacturing teams work together to find and solve product development issues, transferring knowledge between departments. Without turnkey development, one company may cause a significant delay as they do not have the information, tools or experience to complete and solve production diagnostics.
5. Simplify your supply chain management
Turnkey product development requires less human resources to keep a product on track. This simplifies your entire electronics design and development and manufacturing process as your products do not need to be constantly transported or introduced to a new company.
