Definitions for "Contract manufacturing"
A third party that performs one or more production operations for a manufacturer who will market the final item under their own name. They often charge on a per-piece or per-lot basis for the labor required for their services while using components or materials supplied and owned by the final item manufacturer.
a major beneficiary of outsourcing
Contract manufacturing is the outsourcing of a manufacturing job to an onshore or offshore third-party with the necessary infrastructure and know how to perform the job.
The practice of making products or subcomponents of products to be sold under a different company's name.
Custom assembly per customer’s requirements.