Category: Costs

Machining Factors That Could Affect Lead Times and Price Quotes When getting price quotes for CNC machined parts, lead times and pricing can vary dramatically between machine shops. Many complex factors impact the time and cost to manufacture components through machining processes like milling, turning, drilling, and grinding. In this guide, we'll examine the key technical elements that affect machining pricing and lead times. Understanding these factors helps designers and engineers work with manufacturers to achieve cost-effective production. Part Attributes that Influence Machining Costs Several characteristics specific to the component design greatly influence machining pricing: -Dimensional Tolerances - Tighter tolerances…

Simple Tips For Manufacturers To Cut Costs Reducing costs is crucial for manufacturers to stay competitive in today's global economy. Even a few percentage points of savings can make a big difference to your bottom line. In this comprehensive guide, we'll explore actionable tips across all areas of your manufacturing business to lower expenses without sacrificing quality or service. Review Purchasing and Inventory One of the biggest costs in manufacturing is materials and supplies. Review your purchasing procedures and inventory management to uncover savings opportunities. Consolidate Suppliers Work with fewer suppliers who can provide better pricing through volume discounts. Build…