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NetSuite Admin Tip | Optimize Manufacturing Process with NetSuite's Outsourced Manufacturing Feature
According to Marlin Steel blog (), Contract Manufacturing is when a contract manufacturer enters an agreement with another company to make certain components or products over a specified period.
Regarded as a type of outsourcing, a contract manufacturer may enter a business relationship with a company to produce parts, components, or entire products for the firm in accordance with their specifications. The company then uses the manufactured goods in its own production process or to finish off its own products.
Contract manufacturers are frequently independent companies that specialize in subcontracting or market their goods to other companies or agencies.
In NetSuite, this is more commonly known as
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