In an uncertain market, balancing your inventory is critical. And when forecasting is a challenge, you need to place more of a focus on keeping production costs low without sacrificing quality.
One of the first things to consider is the volume of the project. Whether your project requires a high or low volume run, you have options as to what metal fabrication process will produce the most efficient returns.
Below we discuss the factors you must weigh when choosing between metal forming processes for the expected production volume.
To roll or to stamp—that is the question.
Your mission is to source a high quality, custom steel part to be manufactured efficiently at a relatively low cost.
As you well know, there are a variety of different metal forming techniques when sourcing a new project. But how do you choose between two popular methods, roll forming and stamping?
How you will manufacture your custom steel part is an important decision that requires you weigh and prioritize a variety of factors.
To help, we’ve listed five main factors to consider when making your metal sourcing decision:
Product lifecycle management (PLM) integrates information, people and processes, inviting opportunity for greater internal communication and collaboration.
In order to exchange product data efficiently, you must implement strategies to help engineers, salespeople, shop floor professionals and anyone else involved in the PLM process to collaborate.
Supply chain performance is imperative to a company’s success. Supply chain excellence is determined by the effectiveness and coordination of elements that move a product from supplier to customer: inventory, facilities, transportation and data.
Since 2004, Gartner has compiled The Gartner Supply Chain Top 25, a list highlighting the best practices of the 25 global supply chain leaders.
The 2013 list, which includes the likes of Intel, Caterpillar and Ford Motor, offers lessons to B2B corporations aiming to streamline their supply chains:
Streamlining—a buzzword and a method that so many of us are striving for when it comes to our supply chains.
To stay efficient and successful in today’s world of evolving market conditions and shifting customer demands, streamlining your supply chain is key.
According to KPMG’s 2013 Global Manufacturing Outlook, 49% of manufacturing executives said that their organizations lack supply chain visibility beyond their Tier 1 suppliers. The same study found that only 9% had complete visibility of Tier 1, 2 and beyond.
Investing in a contract manufacturing partnership can help stabilize your supply chain. But a great supply partner is only one piece of the puzzle.
A healthy relationship between you and your suppliers form the foundation of your company’s success. Companies that continue to suffer because of weakened, inefficient relationships will surely lose to their competition.
Your company just shifted its processing operations to roll forming.
Along with many benefits, this shift also welcomes a variety of challenges in scaling inventory management and production. If your company is suddenly producing a higher volume of parts than before, this has a direct impact on:
Cash flow management
Shipping and delivery
Forecasting long-term product demand is a crucial process for any manufacturer.
At a high level of execution, forecasting demand ensures enough product is produced to fulfill orders without creating surplus inventory—a challenge in a world of shifting demand and fluctuating raw material costs.