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Product Khud se banaye ya Bahar Se Banwaye? | Inhouse Vs Outsourcing | Pros And Cons|Hindi | - YouTube
Channel: Intellectual Indies
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SO we need to start production of a thing
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So should we open our own factory?
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Or through outsource
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So let's understand this in detail.
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Let's say we want to open a factory of protein
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and in order to make it
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We need to invest 4-5crore
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and right now we don't want to spend this much
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Here we'll look for a local dealer.
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And will ask them to manufacture it
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On the product, details of our company and the manufacturer
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Here you don't need to look after production
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No cost of factory
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You just need to give a small amount
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If you sell a product at 5000rs and the manufacturer gave you in 4000.
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and 1000 is your profit.
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Which includes your marketing expenses and everything.
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But if you build a factory
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That product might have cost you 3000.
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and you spent these 500 extra
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In order to save your 5 crore.
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Let's discuss both pros and cons first
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If i manufacture by myself then it'll be cheap
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Labor and taste control will be in my hands.
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Let's say if i developed a specific taste.
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Which no one can make.
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If i am making a product by myself then that product recipe can not be leaked.
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and i am able to detect the problem in case of any complaint
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Or whether the raw material that we used caused some problems or not
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Basically we can track everything
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If we have our own manufacture
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But this will increase our initial costing
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Suppose you are a new startup
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and you started your factory
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You need to bear the expenses of employee
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and if you have taken that factory on loan and have to bear it's interest too.
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Basically surplus expenses.
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Second: Level of load will be high
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Here you are taking care of marketing
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and production too
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Basically handling a labor is a headache.
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If tomorrow they are on leave
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If they went on strike due to delay in salary or anything
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In order to protect us from this
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This concept of outsourcing came.
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In this, we go to a manufacturer
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Who are in the same field
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We offer them an amount in exchange of manufacturing
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Pros?
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Less expensive
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More the product selling, more the profit margin we have to give.
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No tension of labor
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No need to check quality which is a drawback
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That person can add anything in the product and you won't even know
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And his name will be on the product
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In future, he can make them a brand by showing their contribution in that product.
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That this brand's products are manufactured by us.
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Suppose if you are operating on 30%,, one on 20% and other on 10%
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Three of them go to the same manufacturer
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All of them have the same quality
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Branding, lableing and matter inside it too.
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So people will show interest in which product?
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The one with the 10% profit margin.
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This is the cons of it
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Another cons is
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Your technology can be leaked.
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Suppose you developed a product
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and told the manufacture the recipe of it
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Just like i am a chemical engineer
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I made a formula
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and gave them this formula of this product.
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Those people don't need to research now
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They copied my formula and made their own product.
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When they saw that results are good
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So the products they manufacture for different companies
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They may use our formula in making those products too
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So our differentiation is killed here
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Like i always say differentiation is very important.
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So both of them have it's pros and cons of it.
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It depends on you which strategy do you want to use.
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That's why i made this video
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Because last time i saw a comment
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Okay friends, i hope you liked this video
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If any doubts, do ask me in the comments, like and share
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And you can ask any question
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Bye Goodnight Goodmorning Goodafternoon whenever you are watching this video.
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