211: Establishing Product Manufacturing Operations

Product Startup

28-01-2024 • 21 mins

Nikhil Joshi is the founder of SNic Solutions, a company he has run for 17 years helping scale product manufacturing operations.  He has worked with almost 150 factories across 12 countries.  Today Nikhil will share valuable knowledge for inventors, startups, and small manufacturers on how manufacturing has changed, the opportunities that exist, and how to ensure you properly plan for complex manufacturing as a hardware startup.

Here are the key takeaways from the episode:

  • The manufacturing process is drastically different now than it was even 30 years ago.
  • Modern consumers seek custom-tailored products that are designed very specifically for them.
  • The goal is to try to produce a smaller variety of items in the manufacturing process, but it is integral to be more efficient in order to accomplish this.
  • Try not to customize and scale at the same time unless you can adopt a business model that can support that level of customization.
  • Talk directly to your end customers, even if you are selling through middle players!
  • Be agile and flexible, and give the end customer what they want, but at a good price.
  • Agility, speed, and efficiency are key! Smaller companies will often push these demands to contract manufacturing.
  • Go from working in silos to developing your own web of information and technology - from ideation through to industrial product design - then begin manufacturing, and then place your focus back on the customer.
  • You can reduce the time it takes to get to the manufacturing stage when you start considering manufacturing at the design level.
  • Spearheading comprehensive design, then engineering, then manufacturing is the most logical progression!


Nikhil Joshi Links:

LinkedIn | SNic Solutions


The Product Startup Podcast Links:

https://www.ProductStartup.com/

Instagram | LinkedIn | Facebook Page | Facebook Group | Pinterest | Twitter | YouTube


MAKO Design + Invent Links:

https://www.makodesign.com/

YouTube | Instagram | LinkedIn | Facebook | Pinterest | Twitter


Kevin Mako Links:

Instagram | LinkedIn | Quora | Facebook | Twitter


Producer: MAKO Design + Invent is the original firm providing world-class consumer product development services tailored to startups, small manufacturers, and inventors. Simply put, we are the leading one-stop shop for developing your physical product from idea to store shelves, all in a high-quality, cost-effective, and timely manner....

You Might Like

The Ramsey Show
The Ramsey Show
Ramsey Network
Marketplace
Marketplace
Marketplace
The Canadian Investor
The Canadian Investor
Braden Dennis & Simon Belanger
Think Fast Talk Smart: Communication Techniques
Think Fast Talk Smart: Communication Techniques
Matt Abrahams, Think Fast Talk Smart
CREATIVO
CREATIVO
Roberto Mtz
Motley Fool Money
Motley Fool Money
The Motley Fool
The Prof G Pod with Scott Galloway
The Prof G Pod with Scott Galloway
Vox Media Podcast Network
Jocko Podcast
Jocko Podcast
Jocko DEFCOR Network
TLDR
TLDR
Kyla Scanlon, Devin Friedman, Kat Angus, Sarah Rieger, Matthew Karasz
PBD Podcast
PBD Podcast
PBD Podcast
The Economics of Everyday Things
The Economics of Everyday Things
Freakonomics Network & Zachary Crockett
The Loonie Hour
The Loonie Hour
Steve Saretsky