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Manufacturing

The process of converting raw materials, components or parts into finished goods that meet the expectations and needs of consumers.

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Manufacturing > Contract manufacturing

request for quote (RFQ)
Manufacturing; Contract manufacturing

A document that is prepared by the OEM and submitted to the EMS provider for quotation. It typically includes product specifications and quantities, in addition to an AVL and BOM. ...

return on invested capital
Manufacturing; Contract manufacturing

An important model (net profit divided by PP&E + inventory + accounts receivable - accounts payable) that can help OEMs determine the cost effectiveness of outsourcing. By ...

time to market
Manufacturing; Contract manufacturing

The length of time it takes to get a quality product into the marketplace. Faster time to market is a critical business objective for all manufacturers. Companies in every ...

time to volume
Manufacturing; Contract manufacturing

The length of time it takes to bring a product from prototype or first article to a high-volume production mode.

vendor-managed inventory (VMI)
Manufacturing; Contract manufacturing

A process in which a supplier owns components until they are issued or released to the production line. Usually, VMI is handled by a distributor located within a plant.

volume price agreement (VPA)
Manufacturing; Contract manufacturing

A contract service agreement containing pricing, deliverables and cost reductions based on volume manufacturing.

ball grid array (BGA)
Manufacturing; Contract manufacturing

A leadless surface mount device (SMD). Unlike traditional SMDs, this type of device does not have pin leads, instead it contains solder balls at the bottom of the device which ...

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