Can You Really Save Costs with a Custom Metal Stamping?

When it comes to metal manufacturing, there are various methods to choose from. Custom metal stamping is one such method, often favored for its ease of setup and quick turnaround time. While standard metal stamping tooling is effective, there are specific cases where investing in a custom metal stamping tool is worthwhile.

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Many people associate the term "custom" with a high price tag. However, can custom metal stamping actually help save on manufacturing costs? Let’s examine how a custom metal stamping tool can impact production costs over time.

What is Custom Metal Stamping?

Custom metal stamping is a manufacturing process that uses a die to bend, shape, and cut metal into a specific form to meet a customer’s design requirements. The die, usually made of hardened steel, stamps the metal into the desired shape. This process is commonly employed to create metal products such as brackets, clips, and various small components.

There are numerous production benefits to custom metal stamping tooling, not only for producing consistently high-quality parts but also for achieving cost savings.

Lower Tooling Costs

One of the primary ways custom metal stamping can lead to cost savings is through lower tooling costs. It may seem counterintuitive, but here's how it works. Unlike other manufacturing methods, custom metal stamping requires only a single die to create the desired shape. This eliminates the need to invest in expensive molds or tooling for each individual product, resulting in significant cost savings, especially for smaller production runs.

Faster Production Time

Another advantage of custom metal stamping is the potential for faster production times. Since the die is already created and ready for use, the process of stamping the metal into the desired shape is much quicker compared to other methods. This can be especially beneficial for businesses needing to produce large quantities of metal products in a short timeframe.

Reduced Material Waste

Custom metal stamping can also help minimize material waste, contributing to cost savings in the long run. As the die is designed specifically for the desired shape, less material is wasted during the manufacturing process. This can be particularly advantageous for businesses working with costly metals.

Versatility in Design

A significant advantage of custom metal stamping is the design versatility it offers. The custom die can be produced to create a wide range of shapes and sizes, providing additional flexibility in product design. This is valuable for businesses needing unique or complex metal products. By utilizing custom metal stamping, you can develop products that meet your specific needs without incurring the expenses associated with costly machining operations or molds.

Long-Lasting Dies

Lastly, custom metal stamping can result in long-term cost savings due to the durability of the dies. Made from hardened steel, these dies can endure high volumes of production without degrading. Consequently, you won’t need to replace the dies frequently, leading to cost savings over time.

In today's environment, companies often find it challenging to save money while continually purchasing materials and equipment. Here are ten effective strategies to save your company money when dealing with the costs of metal stamped parts.

Metal Prices: Given the current fluctuations of metal prices, you might find savings by considering alternative materials that you hadn't previously thought of. For instance, we often substitute Annealed Spring Steel for HSLA with minor design modifications.

Tooling Requirements: Review your current tooling requirements for your components. Determine if there are alterations that can simplify design while preserving functionality. For example, changing square holes to circular ones significantly simplifies machining and tooling, thereby reducing production time and overall component costs.

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Product Design: By analyzing the performance of your current design, you might uncover areas for modification that can reduce costs. Minor adjustments may lead to shipping efficiencies, allowing for more parts per shipment while maintaining function and integrity.

Services: If your components currently rely on multiple vendors for services, consider finding a partner who can offer all these services. This strategy can lower shipping costs and provide a single point of contact for successful component production.

Production Volume: Have you increased your production volume without reassessing your original design? The growing demand for components often leads to simple increases in production orders. When volume rises, opportunities arise to streamline product design and enhance manufacturability. If you’re still working with your basic prototype design, now is the time to identify areas for change that sustain functionality while reducing costs.

Layouts: By modifying the layout of your components, you can produce more pieces using less material. For instance, if your original layout had ten parts, fitting in just one more means a 10% increase in products for the same material price!

Delivery Scheduling: Contemplate how alternative delivery schedules or carriers could affect your profitability for each component.

Company Partner: Ensure your current metal stamping partner possesses a deep understanding of your area of expertise. Different vertical markets often demand different production steps or documentation.

Project Management: Analyze the project information and feedback you receive concerning reliability, speed, quality, and accuracy. Without strong project management for your metal stamping components, you risk losing time managing the project yourself.

Alternate Machinery: Different machinery may allow you to condense production runs by combining feature creation. Reducing the number of passes, tooling setups/fixtures, and manual machining can lower your component costs.

By keeping these ten quick and easy steps in mind, you will be amazed at how much money your company can save.

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