Contract manufacturer
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A contract manufacturer (CM) is a manufacturer that contracts with a firm for components or products. It is a form of outsourcing. A contract manufacturer performing packaging operations is called copacker or a contract packager. Brand name companies focus on product innovation, design and sales, while the manufacturing takes place in independent factories.
A contract manufacturer produced this knife with a protected geographical indication for a brand outside Solingen that usually sells cookware.
Outsourcing
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Outsourcing is a business practice in which companies use external providers to carry out business processes that would otherwise be handled internally, or in-house. Outsourcing sometimes involves transferring employees and assets from one firm to another.
Demonstrating need to ensure outsourcing gains are realised and losses avoided at a summit in London in 2009.