Tag: 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…
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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….
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