Find out how profitable you can be with brass by using the free Machine Tool Payback Calculator created by the Copper Development Association Inc. (CDA) (Birmingham, MI). Designed to help manufacturers improve productivity and profitability, the website enables shops to assess the impact of new technology – such as advanced machine tools – on their bottom line.
Shop owners frequently need to upgrade equipment, but justifying the cost of new machine tools can be difficult given the number of variables. CDA’s calculator eliminates some of the guesswork and demonstrates that increasing throughput has a far greater impact on profitability than reducing factors such as machine purchase price, raw material costs, or utility costs.
Because raw material usage often has the most significant impact on throughput given sufficiently advanced machine tools, selecting materials that can be machined at aggressive removal rates without negatively impacting tool life can increase profits and decrease the payback period for machine tool investments.
Under the calculator’s model, the high-speed machining capabilities of brass become even more attractive in terms of productivity improvements. The material’s scrap value and exceptional machinability ensure the highest level of throughput with today’s advanced machine tools and the greatest possible profitability.
The calculator features fields for the key input variables for profits and payback, including the percentage of scrap produced per part, costs of materials and tools, the total price of machine tool ownership, and the impact of labor costs in terms of the percentage of time operators spend on a given part. The results include net tool, material, utility, labor and maintenance costs as well as the length of the payback period and annual profits.
Manufacturing Industry Invited to Take Reshoring Survey
AMT and the Reshoring Initiative will use the survey results to identify which processes, products and components face the most pressure from imports and which offer the biggest opportunities to reshore. Part of AMT’s “Rebuilding the Supply Chain” initiative, the survey is open to OEMs, job shops, technology suppliers and distributors through the end of February.
Year-Over-Year November U.S. Manufacturing Technology Orders Up 1.4%
While November’s $330.3 million represent a decrease of 13.3% from October, AMT’s president says it’s clear ‘the sector did not fare as poorly as originally predicted.’