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Manufacturing Technology Insights | Thursday, May 04, 2023
Precision manufacturing has numerous benefits, such as facilitating fast production, ensuring lower costs and tighter tolerances, and is also compatible with a wide variety of materials.
FREMONT, CA: Precision manufacturing enables the production of parts with tight or rigid specifications. It is particularly attractive in industries with strict regulations and tight tolerance requirements. Many of the leading industries that drive the economy and improve quality of life would not be able to meet demand or innovate to produce competitive, quality, and safe products without precision manufacturing.
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Some of the benefits of Precision Manufacturing are as follows:
Cost-savings: In many highly regulated industries, flawless precision is expected, so inaccurate parts can be costly, especially since some tight-tolerance parts can be extremely expensive. A part's tolerance off by just one decimal point can double or triple its cost.
In many industries, especially those already experiencing financial and operational disruptions due to the pandemic, inaccurate manufacturing cannot be tolerated. When considering the cost of wasted materials and labor due to errors, precision manufacturing allows for accurate and rapid production, which dramatically reduces costs.
Accuracy and reliability improved: When companies manufacture life-saving equipment, such as those in the medical device industry, accuracy can mean the difference between life and death. Even the smallest error in the design of a part could cause devastating results, whether in the case of producing PPE, respirators, radiation equipment, or endoscopies. Precision manufacturing is just exactly as it sounds - precise. A custom-built quality control system can ensure that all quality control measures are in place to produce a simple or complex part repeatedly.
Consistency is the key: The quality of a product depends on the machine that made it. When a machine cannot consistently reproduce a part or product's design, time to market goes up, quality decreases, and waste and costs go up. Even with high-volume manufacturing, it is imperative to execute output quickly and consistently. Precision manufacturing allows companies to create consistent quality, which allows them to avoid throwing away incorrectly designed parts, repeating processes, or buying more material.
Turnaround time is fast: In contrast to manual production, in which even the most experienced employee can make a critical mistake that slows down production, precision machining allows manufacturers to accomplish tasks much more rapidly. In their automated precision machines, contemporary precision manufacturers use advanced engineering capabilities. Precision manufacturing now allows companies to accomplish what used to take months in mere weeks. With companies scaling with the increasing demand for parts and products, this means fewer disruptions to the supply chain and faster time to market.
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