CONTRACT MANUFACTURING – THE NEED OF THE HOUR

The aftermath of globalisation has created a stiff competitive environment which actually has resulted into Cost, Quality and Productivity aspects as Prime Movers. In the present competitive environment, for any Industrial establishment to succeed, they must follow the unwritten rule of ‘Low Cost, High Productivity’ with a Philosophy of ‘Do More with Less’. We have to accept the fact that industries have become used to managing the competitiveness by conducting business with low cost Manpower due to which the era of migratory workforce developed.

Then, we have also experienced the impact during 2020 due to the pandemic and reverse migration aspect that is shortage of manpower. The industries are left with no choice but to revisit their style of operations to keep themselves alive in the system. This situation became critical and after revisiting and reengineering themselves, the concept of Contract Manufacturing was conceived.

Contract Manufacturing is not an easy business or a comfortable solution to be adopted immediately because the client hands over part of his operations to a third party expecting him to perform more professionally with a concept of “Do More with Less” with a focus on Quality and Productivity. So, it has to be understood that the foundation for Contract Manufacturing is Professional Trust and Quality Delivery which would result into Win-Win situation. Taking into consideration as a Holistic approach M/s Layam developed this model on the same basis and established its credibility by giving results on the desired performance. We understand the specific needs and recognize the potential hurdles with the process and accordingly devise effective solutions.

Contract Manufacturing Model is basically an agreement between Layam and the client with an intention to undertake the production activities and facilitate the delivery of products in a seamless manner.

Contract Manufacturing is growing at a rapid stage, the reason being it gives the opportunity for companies/ OEM’s to concentrate on their strategic growth areas of business while companies like M/s Layam handle the operational process. The uniqueness of Contract Manufacturing model lies in the fact that it focuses on what the deliverables should be in business terms rather than how they should be delivered. Through contract manufacturing, we focus on reducing cost, scaling productivity and achieving 100 percent quality for the clients. What sets us apart is our focus on Brain count instead of Head count. We strongly believe that brain count level is diminishing at a faster pace than ever before. An issue that cannot be overlooked or ignored. At Layam, we tackle this problem head-on. Since inception, we have supplied manpower with intellect because we know that a person who is talented and capable becomes an asset to our client. To sum it up, all activities undertaken in Contract Manufacturing is about deploying Brain Count and achieving the desired target to the satisfaction of the client by adopting our model of Hire, Train and Deploy.

Hence, it is understood that the Need of the Hour is Contract Manufacturing Model and it has established its credibility by enhancing Productivity. M/s Layam has also initiated this model along with other activities such as Job Contract, Stores & Logistics Management and presently we are extending this service for Ashok Leyland, L&T Ship Building, Tata Marcopolo, ITC etc. Hence, all the industries should relook on their manufacturing model and strategically initiate the Contract Manufacturing for better bottom line.

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