What Could be on Santa's List for Your Shop?
Shop owners need to adjust to the growing economy and demand for our products. Hunker down management practices will not earn us what is possible in the foreseeable future.
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Machining Economics 4 Factors
The economics of precision machining can be understood with just 4 factors- Machining Cost, Material Cost, Tool Cost, and Cost of Non-productive Time (Set-up Costs). Since machining and tool costs vary with the speed of operation, a minimum total cost occurs at a definite set of conditions for material, tooling and operating speed.