When manufacturing various items such as machinery, one of the goals that you often need to try to work towards is keeping the cost of the process down. This not only makes it easier for you to operate the business using less money, but also ensures that you don’t have to sell the products that you manufacture at very high prices in order to make a profit.
In essence, this keeps you competitive and profitable. To get it done right, you will need to identify the factors that influence how much it will cost you to do the manufacturing, and then try to influence them in such a manner that you will be able to manage this cost better.
One of the major issues that determine the cost of manufacturing is how much you spend on hex head cap screws and other fasteners. It’s important that you try to minimize the cost of using these as much as possible. Some of the measures you can put in place in order to facilitate this include:
Choose a vendor who will guarantee the lowest price possible
You should always get your fasteners such as carriage bolts from vendors who sell their products at a low cost, but without compromising quality. One way to ensure that you achieve this is by buying from the vendors who are closest to the manufacturers in the supply chain.
Have the right fastening practices
You should make sure that the staff you use for the fastening process are trained for this. In many cases, fastening a device means more than just tightening it. It’s important to learn how to handle the different types of fasteners in such a manner that the risk of breakage or damage is minimized. This way, you will need to spend much less on replacing the damaged fasteners.
Invest in the right equipment
You should supply your staff members with the right equipment needed to do the job. For instance, any torque wrench they use needs to be of high enough quality to guarantee that it can perform well under the conditions you are going to put it in. You should not be too hesitant to spend just a bit more on high quality fastening equipment. These tend to last much longer and perform better, which makes them better value for money in the long run.
When you know that you need to use a particular type of fastener to do a specific job, you should always ensure that you use only that one type of fastener. This way, you can be assured that you will never have to deal with unexpected problems such as having some of them break because they were not able to withstand the types of stresses that you had placed them in.
Buy in bulk
As is the case with most other products, buying your fasteners in bulk is a good way to save money. In addition to the fact that you will get better rates this way, you also have a greater bargaining power if you are willing to buy a large amount of fasteners.
Started my career in the fastener world in 1969 at, Parker Kalon Corp. a NJ based screw manufacturer located in Clifton, NJ working in inventory control, scheduling secondary production and concluding there in purchasing. In 1971 I accepted a sales position at Star Stainless Screw Co., Totowa, NJ working in inside sales and later as an outside salesman, having a successful career at Star I had the desire with a friend to start our own fastener distribution company in 1980 named: Divspec, Kenilworth, NJ. This was a successful adventure but ended in 1985 with me starting Melfast in August 1985 and have stayed competitive and successful to date. Melfast serves the OEM market with approximately 400 accounts nationally.