by Friends, raw material is the most important to make any product.
And if the raw material is not of quality, then surely your product will not be of much quality, because when the base of your product is not strong, then how can the quality of the product be good.
But there should also be some logic in it. The closer your product’s production is to raw material, the cheaper your product will become.
For example, suppose you live in Rajasthan and now you import raw material for your product from Andhra Pradesh, then it will definitely take a long time to reach you. And along with that, its cost will also take a lot to reach you. That is, that raw material reaches you late and becomes expensive.
That is, after becoming a product, you will either have to sell that product at a very high price or you will get very little profit on it. While that product is exported all over India and outside India.
This means that if your product was manufactured near that area of Andhra Pradesh, where you could easily get raw materials, then your product costing would have been greatly reduced and you could also make a lot of profit. And these profits give you the strength to perform better in the competition.
And if you can’t do manufacturing in that area yourself, then you can choose a vendor from the area around the area where the raw material of your product is very cheap and good, who will make that product for you.
This is the reason why many big companies make their products from vendors and sell that product in the market through their brand name, but all the quality management is of the company in whose name the product is sold.
If you use a vendor to make your product, then keep in mind that you keep checking whether the product is right according to your quality or not.
This is the reason why many big companies make their products from vendors and sell that product in the market through their brand name, but all the quality management is of the company in whose name the product is sold.
If you use a vendor to make your product, then keep in mind that you keep checking whether the product is right according to your quality or not.
You can also start the production of your product in this way in another place.
But always keep in mind that the product should be manufactured in a place that is close to the raw material of your product.
At the same time, we also have to keep in mind that we always have to keep researching where you can get cheaper and better raw material, sometimes your other competitors use cheaper and better raw material than the raw material you think is cheaper and better. And they keep challenging you hard in business.
You should always keep researching on this thing, which is the best product in the market than you? If that product is available at a lower rate than your product and its quality is also equal to your product or better than your product, then let’s say either he is making less profit on that product or the raw material he is using. Its quality is also good and it is also cheap.
Now you should research where he is ordering raw material for his product and if you find out about it, then you and I can also order that raw material from that place. And you can produce your products right and cheaply.
But at the same time, we should always research where we can get cheaper and better raw metering.
Therefore, research on raw material should never stop, it should always go on. The cheaper and better raw material you use, the better and cheaper your product will be and your competition will also decrease to a great extent.
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