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Re-engineering Cuts Tooling Costs by 20 Percent

Team Industry 2.0
May 13, 2009

UK-based Metaltech Precision has reduced its spending on metal cutting tools by almost one-fifth after a  company-wide audit and programme of process optimisation. The process was faciliated by application engineers from Iscar Tools (and its local dealer), which now supplies 90 percent of the cutters.

Previously, Metaltech used about 400 different types of tools, which after rationalisation has been reduced to 250.  In parallel with reducing expenditure, the company has gained in productivity due to more appropriate tool selection and the use of Iscar SumoTec grades, which are delivering faster cycle times.

Contributing further to higher production output is a marked reduction in machine idle time.  This follows the installation of two computer-controlled Matrix tools stores, to house indexable inserts, solid carbide cutters and toolholders.  The stores are managed by local Iscar supplier, West Country Tools, under a commodity and tool management service that involves the integrated supply of all tooling to Metaltech.

The improvement to Metaltech’s bottom line is considerable, helped further by two benefits in addition to the lower monthly expenditure on tooling.  First, there was a windfall saving of £20,000 in the first few months, while the stock of cutters that the company owned were transferred to the Matrix stores and issued on free vend.  Second, while 10 man-hours were previously spent reordering and managing tooling stock levels manually, just two hours are needed now.

 

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