What are the Roles of a Third-Party Manufacturing Company

Manufacturing can be costly, and sometimes, lowering the costs could mean compromising the volume and quality of your goods. Working with a third-party manufacturing company is often the best way to ensure savings and access to high-quality products in sufficient quantities to satisfy your customers and ensure optimum ROI.

 

A third-party manufacturing business can be your partner in ensuring high-quality products. However, you must carefully choose one that can meet your requirements. For instance, if you require pharma products, look for a company with a track record of manufacturing a wide range of goods in WHO-GMP-certified and ISO 9001:2015-certified facilities and with outstanding product packaging. That way, you can be confident in partnering with a business that can fulfil its role.

 

Some of the best third-party manufacturers boast over 40 years of experience, making them reputable in their industry. They guarantee fast turnaround times, usually less than thirty days, ensuring fast services that won’t fail your expectations. Check the types of products they can make and verify that their goods cover all therapeutic segments.

 

Their roles in your business

 

A third-party manufacturing company fulfils the following roles:

 

Finalise order composition and quantity

 

While planning the order quantity, they should inform you of the MOQs for the composition. For instance, tablets and capsules should have an MOQ of 500 to 1,000 boxes (i.e. 50,000 to 100,000 tablets). They should also check the manufacturer’s approval for the composition. The company should also ensure the timely delivery of goods.

 

Provide a quote

 

The third-party manufacturing company raises a quotation to show all the involved costs, including the packaging material, product, and securities for smaller batches. Other charges must also be included, especially if they are relevant to the manufacturing process.

 

Required documents

 

The company must ask you for basic documents, such as your GST number and drug licence. You may also be required to show a registration document of your business. A drug licence must be issued by a local food and drug authority, and your GST number comes from the government of India. Some projects may require non-resemblance certificates.

 

Provide packing material

 

The third-party manufacturing company should provide the packaging and promotional material to help your branding and marketing efforts. Some businesses do this free of charge.

What Benefits Does A Third-Party Manufacturing Pharma Company Get?

Third-party pharma manufacturing is a popular business model similar to contract manufacturing that comes with many benefits for your business. A third-party manufacturing pharma company creates the products under your brand or name. Working with this type of company means you can start manufacturing goods, even without sufficient finance, while you promote the brand and the products you plan to sell.

Why do you need it?

Pharma manufacturing must be performed under strict standards for safety compliance. Reputable third-party pharma manufacturers make WHO- and GMP-certified products in ISO 9001-certified manufacturing plants. They have years of experience providing third-party manufacturing solutions to pharmaceutical businesses and companies in India and ensure quick turnaround times of less than 30 days.

Benefits of working with a third-party pharma manufacturer

A third-party manufacturing pharma company can bring these benefits to your business:

1. Savings

You can start with a lower investment compared to when you build and maintain in-house manufacturing facilities and staff. You won’t have to worry about buying and maintaining manufacturing equipment, so you can reduce production expenses. Moreover, adding more products to your range is easier without investing much.

2. Access to the best products and services

A reliable and experienced third-party manufacturer can create high-quality products that meet and exceed your expectations. It supports your business by recommending the necessary documents to start manufacturing pharmaceutical products, such as a drug licence, GST number, and a non-resemblance certificate. Some companies may even provide the promotional materials you need to strengthen your professional image and brand in the market.

3. Good manufacturing practices

A third-party manufacturing pharma company brings GMPs to your business, so you can be certified. To become GMP-certified, your products must follow the guidelines set by GMO.

4. Stay productive

You can minimise your guesswork in manufacturing pharmaceutical goods by partnering with a third-party manufacturing pharma company. It lets you focus on your business while increasing your production capabilities without spending much time and money. Reputable companies ensure timely product delivery that follows the standards of the WHO.