How precision engineering saves time and money.
Posted 27/06/2017

Industrial manufacturing is a game of big numbers – every project must be viewed not only in terms of its ultimate functionality, but also through the prism of its cost-effectiveness. That creates the need to solve engineering problems both economically and quickly. Developing more precise methodologies and acquiring better equipment are some of the strategies that can be used to solve it, but exact formula depends on the product, as well as circumstances. Some companies decide to build their own capacities for high-precision manufacturing, while others benefit from collaboration with dedicated engineering specialists.

With that in mind, let’s examine some strong arguments that demonstrate how precise manufacturing can create financial savings and shorten the production cycle:

Fewer mistakes, lower expenses: Reliability is paramount in every manufacturing project, as defective products must be discarded and represent a critical waste of resources. That’s especially painful when the project calls for production of large-scale, expensive tools or structures. Precise and consistent metalwork is necessary in order to ensure good results and minimise time lost on corrections. Inspection procedures and software can help increase the quality of the end product, and should be treated as essential for any manufacturer. The cost of failed production cycles is far greater than the amount needed for state-of-the-art facilities.

The value of deep specialisation: Division of labour is a principle that works well within the manufacturing process, provided that all activities are well coordinated and assigned to appropriately skilled business units or companies.

Quality standards and certifications: The ability to manufacture products exactly to specification and ensure consistency between each batch is a valuable business asset. To be fully monetised, this needs to be formalised through certificates issued by well regarded companies or independent industry associations, demonstrating that the provider can be trusted to meet a certain quality threshold. Formal certifications can greatly contribute to provider’s public image and change its market fortunes for the better, particularly in business-to-business operations where suppliers are expected to be completely reliable. However, to earn such distinction, am engineering company must improve internal procedures to the point of seamless organisation and flawless executions.