The computer you buy new today will be outdated by the time you take it home. This is just the hard fact of the electronics industry, and consumers will still long for the newest and latest electronics items to purchase and own, though electronics have a shorter life cycle these days. In this vein, it is very important to get from the idea stage to the electronics store shelves in a very minimum time, meaning manufacturing time has to be as efficient as possible. This means the OEM, or original equipment manufacturers, are relying more and more on electronic contract manufacturing contracts to ensure products are put to market in time.
The benefits to the OEMs are numerous, actually. They are able to fully hand over the manufacturing process to the electronic contract manufacturers, meaning they no longer have the need for physical factories, overhead, and the other costs associated with making electronics in house. The contracts can be outsourced to enable the OEMs to concentrate on marketing.
There are a number of functions that electronic contract manufacturing services are able to provide. They range from fabrication of prototypes; engineering of components; manufacturability design; surface mount technology; assembly involving mixed technologies; assembly of full systems, both onshore and offshore; inspection and evaluation of product; box build; repair or remanufacture of products; through hole and press fit compliance; manufacturing that is lead-free; a line that is exclusive to rapid prototype manufacture; as well as consignment and turnkey production. They may even be able to secure raw materials.