Maximizing ROI: Cost-Saving Strategies for Precision Stamped Metal Parts
When it comes to precision stamped metal parts, an extensive list of factors can impact the overall cost. The cost of materials and tooling and die equipment are major contributors. But other aspects such as production volume, part complexity, lead time, labor costs, and waste and scrap can all lead to metal parts with higher costs.
Today, it’s more important than ever for businesses to have access to precision metal stampings at prices they can afford. In order to do this, finding a manufacturing partner who knows how to balance value with affordability is essential. But how exactly can manufacturers help you save money on your metal components? Let’s find out.
The Value of Precision Metal Stampings
First, it’s good to remember why precision metal parts are so essential. Precision metal stampings play a vital role in critical applications across multiple industries and, when produced by experts, can also help improve overall ROI.
For instance, in the electronics industry, precision metal stampings serve as connectors, lead frames, and shielding components in products like smartphones, laptops, and tablets. Using stamped metal parts ensures tight tolerances, reliable connectivity, and more cost-effective mass production.
Similarly, in the automotive industry, safety and reliability are non-negotiable. Precision metal parts can contribute to the longevity and performance of automotive components, leading to better products, a reputation for quality, and much better customer satisfaction.
So when it comes to saving money on precision metal parts, it’s equally important to maintain a high level of quality and performance. The right manufacturing partner can help you do just that in a few key ways.
Design Optimization for Cost Savings
One of the most important factors to consider when trying to find cost savings for precision stamped metal parts is the design of the part itself. In this, the knowledge of your manufacturing partner is invaluable.
One of the most effective ways to find cost savings is to prioritize design for manufacturability, or DFM. DFM is the practice of creating a part design that is easy and efficient to produce. One way to do this is to simplify the part geometries as much as possible. Symmetrical designs are often more cost-effective to manufacture, and avoiding unnecessary shapes and features can also reduce production time and tooling costs.
Manufacturing partners can even sometimes take that one step further by standardizing parts that are used across different productions and assemblies. This can lead to economies of scale and reduced production costs.
Another area of focus for many manufacturers is the process of prototyping and testing. Investing in early prototyping in the design phase helps identify potential issues before mass production. This enables manufacturers to avoid costly redesigns and tooling adjustments later in the process.
Saving on Precision Stamped Metal Parts with Material Efficiency
In order to keep costs manageable, the right manufacturing partner can also help enhance material efficiency. This starts with material selection. Choosing a material that meets the performance requirements of the part is critical, but it’s also important for cost to select materials that are readily available and relatively easy to get.
There are also a number of ways that manufacturers can reduce material waste throughout production (and thereby reduce overall costs). One is taking advantage of piercing operations. On a more advanced level, experienced manufacturers are capable of strategically designing tools to minimize scrap and optimize the cutting and forming processes.
When viable, choosing a thinner gauge or reducing material thickness is also an effective way to save money without sacrificing quality. Your manufacturing partner should be able to help you make those decisions.
Tooling and Die Efficiency
Let’s take a closer look now at how manufacturers can optimize die efficiency for more cost-effective production.
First, investing in high-quality tool design can help ensure accurate and consistent production, minimizing both errors and the need for rework. More durable tools also require less maintenance and can help reduce replacement costs.
On that note, however, regularly scheduled maintenance can help prevent unexpected breakdowns, extend the life of dies and tools, and minimize downtime.
Manufacturers can also leverage the power of technology and data to optimize the die. CAD, simulation software, sensor technologies, and monitoring systems that track the performance of the die all feed into the enhancement of precision, reduce errors, and enable manufacturers to make more informed decisions.
Optimizing the Production Process for Precision Stamped Metal Parts
Other areas of the production and post-production processes can also be optimized for more cost-effective precision stamped metal parts. Some examples include:
Automation of repetitive tasks, for example, greatly increases efficiency and reduces labor costs.
Lean manufacturing aims to minimize waste, provide efficient inventory management through JIT-shipping, and adapt quickly to changes in demand or production requirements.
Quality control and inspection help monitor and control the production process to ensure consistency and quality.
Value engineering helps identify opportunities for further cost reduction without sacrificing performance.
Supplier relationships that are nurtured and well-developed can foster higher levels of collaboration and mutual understanding.
Die-Matic is a Trusted Partner for Precision Stamped Metal Parts
At Die-Matic, we’re a manufacturer that delivers metal stampings and value-added assemblies. We’ve been in business since 1958 and in that time we’ve been able to refine our processes so we can provide you with cost-effective manufacturing solutions that don’t compromise on quality. With our team of highly skilled professionals and the latest in advanced manufacturing technology, your production is in the best hands when you decide to partner with us.