Analysis of powder metal production of a component
View Patent ↗A method of calculating the cost saving for producing a metallic component by the use of a powder metal process is provided. The method includes the steps of analyzing the current production method of the component, usually machining, to determine the current unit cost. The customer would agree to purchase an agreed supply of components for an agreed period of time. The production of the component utilizing powder metal process is then analyzed to determine the powder metal unit cost. The savings for production of the component utilizing the powder metal process is then presented to the customer. The customer would, then agree to purchase an agreed supply of components.
1. A method for calculating the cost savings for producing a component utilizing a powder metallurgy process, the method comprising the steps of:
analyzing current production methods for the component to determine a unit cost for such current production methods and to determine whether the component can be produced utilizing a powder metallurgy process;
obtaining agreement to supply the requirements of the component or a plurality of components if a minimum cost savings can be achieved;
analyzing production of the component utilizing a powder metallurgy process to determine a unit cost for such component utilizing a powder metallurgy process;
quoting such unit cost for the production of such component utilizing a powder metallurgy process, and the associated cost savings for producing the component utilizing a powder metallurgy process compared to the current production methods;
and agreeing to supply the requirements of any component for which the minimum cost savings can be achieved for an agreed period of time;
providing a test tooling and production purchase order;
and conducting test production of the component utilizing a powder metallurgy process.
2. The method of claim 1 ,
wherein current methods for producing the component include machining the component from a cut to size stock metal piece.
3. The method of claim 1 ,
wherein the analyzing of current production methods includes an analysis of optimizing the design of the component.
4. The method of claim 1 ,
further comparing providing a cost savings of at least 20%.
5. The method of claim 1 ,
further comprising the steps of analyzing the test production of the component utilizing a powder metallurgy process and providing a final tooling and production quotation.
6. The method of claim 5 ,
further comprising the steps of calculating the cost of final tooling and factoring a portion of such cost into the final tooling and production quotation.
7. The method of claim 6 ,
further comprising the steps of entering into a guaranteed cost savings supply contract to supply the requirements of any such component for an agreed period of time.
8. A method of contracting for the production of a part using a powder metal process,
the method comprising the steps of:
assessing a part and its current production process;
obtaining a unit cost for producing the part using the current production process;
analyzing production of the part using a powder metal process to determine a unit cost for producing the part using a powder metal process;
agreeing to supply the part or a plurality of parts for which at least an agreed percent cost savings for production costs can be achieved;
comparing the unit cost for producing the part using the current production process and the unit cost for producing the part using a powder metal process;
agreeing to supply the agreed parts for which at least the agreed percent cost savings can be achieved; and conducting test production of the part using a powder metal process.
9. The method of claim 8 ,
wherein current methods for producing the part include machining the part from a metal blank.
10. The method of claim 8 ,
wherein the analysis of current production of the part includes an analysis of improving the design of the part.
11. The method of claim 8 ,
further comprising the step of providing a production price analysis for each component with a guaranteed cost savings.
12. The method of claim 8 ,
further comprising the steps of analyzing the test production of the part utilizing a powder metal process and providing a final tooling and production quotation.
13. The method of claim 12 ,
further comprising the steps of determining the cost of final tooling and factoring a portion of such cost into the final tooling and production quotation.
14. The method of claim 13 ,
further comprising the step of entering into a guaranteed cost savings contract.