Part 5/8:
A strategy that has proven effective in maintaining competitive pricing is vertical integration. By controlling as many processes as possible in-house—from raw material procurement to final delivery—companies can closely manage their costs, quality, and delivery timelines. This control reduces the incidence of logistical complications that arise when parts arrive from overseas suppliers, thereby streamlining the entire production process.
Being vertically integrated also brings an added benefit: when issues do arise, they can be identified and rectified swiftly without impacting customer satisfaction.