| 1 MINUTE READ

6 Factors Maximize Profitability in High-Precision Machining

Jon Iverson, CEO of Optis says it is important to take an integrated approach to improving manufacturing performance. Here are six key considerations that should form an integral part of the manufacturing strategy.

Share

Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon
�

To remain competitive, manufacturers need to find ways to eliminate unplanned downtime, minimize scrap rates, ensure consistency and produce high-performance precision parts at a reasonable price. According to Optis, a joint venture that brings together the machining expertise, analytic tools and process improvements of TechSolve with the heritage of Castrol, OEMs currently demand between a 3 to 5 percent reduction in costs for their parts each year and they expect each supplier to achieve or exceed these targets.

Jon Iverson, CEO of Optis says it is important to take an integrated approach to improving manufacturing performance and lists six key considerations that should form an integral part of the manufacturing strategy. Those considerations include machine tools, cutting tools, work material, cutting fluid, machining accessories and machining parameters. Read his full explanation here.

An integrated, holistic approach that considers and optimizes all six factors will lead the manufacturer to a more profitable state of operations, Mr. Iverson says. By thoroughly understanding and acting on these elements, he says manufactures can overcome many of the primary barriers to competitiveness and compliance.