Category: Material Cost

Redesign Your Components for Cost Reduction

A work table design modeled as shown below ended up with a nested layout involving lot of scrap. Fig 1: Original design Fig 2: Nested layout of the original design By suitably redesigning the work table as shown below, part utilization increased from 4 part nesting to 6 part nesting in the same sheet and […]

Read More…

Methods and Issues in Determining Material Cost for Sheet Metal Parts

Cost of a sheet metal part comprises three major cost components such as material cost, processing cost and overheads. Determining accurate material cost has always been an issue. Theoretically material cost can be calculated as follows: Material Cost = Area of the flat pattern * thickness * (weight per unit volume) * cost per unit […]

Read More…