article thumbnail

Myth, Revolution or Solution?

MEM

In recent tests using the latest generation of Viper wheels, Tyrolit were able to decrease cycle time by as much as 30%. Considering consumable unit costs at approximately £25 each (Viper wheel) and machine platform at £150* per hour, a 30% time saving reduction = £45; outweighing the cost of the consumable in one hour!

article thumbnail

Decoding Reshoring: Motivations, Challenges and Technological Influences

Mold Making Technology

’ higher labor costs Many plastic parts do not pack well, yielding increased freight cost per pound. (3) Using the TCO Estimator can present a more objective view of mold costs, including advantages like delivery, initial rework, life, cycle time, etc. For example, resin prices are competitive in the U.S.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Using the Cost of Quality to Guide Manufacturing Improvements

CMTC Manufacturing Tech

Defects are expensive in both obvious and subtle ways; on the surface, e.g. a product might incur additional production, inspection and processing costs due to aesthetic or functional defects, time to replace the parts, and process the RMA for the customer.

article thumbnail

Manufacturers using digital transformation to future-proof operations

Control Engineering

“Where you might have 40 hours of video multiplied by 5 stations, we’ll give you the most important 10 minutes of that day,” Danziger said, citing examples like information about cycle time and the breakdown of time spent working versus time walking. Manufacturers are always trying to get rid of waste in these processes.