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All "Cost Engineering" articles

How CNC Machining Price Per Part Is Calculated: Fixed Costs, Material, and Machine Time

How CNC Machining Price Per Part Is Calculated: Fixed Costs, Material, and Machine Time

There is no universal CNC price per part. Two parts of similar size can carry very different unit prices because the price reflects the manufacturing process, not only the material or the physical envelope. A part with a 0.4 mm wall in 7075 aluminium that needs two orientations is not priced like a solid block of the same mass cut in one pass. Price per part also changes with quantity, because some costs occur once per job while others repeat for every part. Cost-accounting literature draws the same line from the other direction: in job order costing, the individual job…

CNC MACHINING QUOTE COMPARISON: WHAT ENGINEERS SHOULD CHECK BEFORE ORDERING

CNC MACHINING QUOTE COMPARISON: WHAT ENGINEERS SHOULD CHECK BEFORE ORDERING

Three CNC prices are not necessarily three prices for the same manufacturing scope. A CNC machining quote comparison only becomes meaningful once you can prove that every supplier priced the same drawing revision, the same material grade and temper, the same tolerance basis, the same surface finish, the same quantity, the same inspection scope, the same packaging and freight basis, and the same definition of when the lead-time clock starts. Those variables are why three quotations can arrive looking like three different projects. One supplier prices general tolerances; another prices the individually toleranced features. One includes a first article inspection,…

Manufacturing Cost Reduction Strategies in Engineering Design (DFM Guide)

Manufacturing Cost Reduction Strategies in Engineering Design (DFM Guide)

Design for manufacturing is crucial for implementing product cost reduction methods in manufacturing, ultimately saving money. It aids in controlling costs in engineering projects. By utilizing smart tolerance management, you can achieve significant savings. Selecting the right material also contributes to lowering costs. Evaluating build versus buy options can lead to substantial financial benefits. Teams that adopt product cost reduction methods in manufacturing often experience considerable savings, with part costs potentially decreasing by 15-30%. Additionally, lead times can be reduced. Metric Description Cost reduction DFM practices can lower costs by 15-30% Lead time reduction Good design means parts arrive faster…

Design for Manufacturability: Guidelines to Reduce Cost and Improve Production Efficiency

Design for Manufacturability: Guidelines to Reduce Cost and Improve Production Efficiency

Design for manufacturing principles help you create products that are simple to build. They also make assembly easier. By applying these principles early in the process, you can save money. Many engineering projects demonstrate impressive results. Description Percentage Average total cost savings 50% Typical reduction in manufacturing costs 15-40% You also enhance product quality. For instance, a medical device company reduced errors by 60% after implementing these design for manufacturing principles. When you consider real-world production, you encounter fewer issues, leading to a smoother process. Key Takeaways Begin with Design for Manufacturability (DFM) to make building things easier and cheaper.…

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