Category: Production economics

Versatile Tools Cut Costs and Scrap for HMLV Production

To see the real story of a shop’s manufacturing quality, check its Quality Control (QC) area for levels of rejected parts and rework. Maximum profitability requires diligent attention to eliminate QC flaws, especially with today’s emphasis on high-mix, low-volume (HMLV) production. One of the primary keys to overall efficiency, quality and cost containment…
Read more

Realities of Today’s Manufacturing Production Economics

Machine shops seek to produce a certain number of parts of a certain quality, in a certain amount of time, at a certain cost. Consistently achieving those goals involves controlling a myriad of factors including cutting parameters, tool cost and changeover times, machine tool utilization, workpiece handling expense and material and labor costs….
Read more

The Practical Approach to Control Waste in Manufacturing

Manufacturers continually seek ways to maximize productivity and efficiency. Today, those efforts frequently involve high-level programs that employ buzzwords that include cloud computing, data-driven manufacturing, cyber-physical systems and Industry4.0. These advanced initiatives are excellent concepts and can produce impressive results. However, manufacturing realities often interfere with the implementation of such ambitious plans, and…
Read more