According to a recent business census, there are approximately 5,600 plastic injection molding companies in the United States, making the process of choosing the right partner a daunting task that takes time and careful consideration.
Here are some general considerations that you should keep in mind when starting this process:
While pricing often weighs heavily on the decision-making process, it’s important to remember that a successful long-term relationship needs to be built on more than who sends in the lowest quote. The cheapest option isn’t always the best option to pursue. If a supplier cannot meet your expectations, then price really doesn’t matter.
The consequences of missing your product launch window due to supplier issues will quickly outweigh that initial and perceived delta in upfront price. It’s the same concept as getting a “great deal” on used car, only to encounter major repairs a month after your purchase. The perceived value is quickly outweighed by exponential repair costs.
If a company is proud and confident in what they do, they should have no issue allowing you to speak to their customers. Speaking directly with non-biased customers can help you decide to do business with the supplier by confirming business practices, financial stability, product quality and turnaround times.
Also, do some research online for press releases, news/awards on the company, or other third-party reviews, such as the Better Business Bureau. The national Better Business Bureau database and the state (or regional) database are great resources for checking a company’s track record with customer complaints.
A Good Fit?
It’s likely your needs are specialized and unique. Finding a supplier that understands your industry, materials and challenges is crucial to the success of the project. To find the best supplier, we recommended you look for experienced molders with a wide range of customers. This can be key in ensuring you receive the time and attention you deserve. If a molder predominately molds for one customer who represents a large percentage of their business, you may be left second in line when it comes time for production.
A molder with multiple presses in various press sizes has the ability to tackle your entire project. If you place your entire program with one vendor, they can usually aggregate all like materials and colors; as opposed to placing different parts with different vendors, which may cost more time and money. Also, be sure to find out if the supplier has current capacity constraints and how they plan for expansion.
Choosing the right plastic injection molding company requires understanding the right criteria to evaluate when doing your initial research. For more information on things to consider and questions to ask, download our guide, Choosing the Right Plastic Injection Molding Company.