Tooling companies face fierce global competition and are looking to the tool design through the production process to reduce tool cost, reduce tool design through manufacturing lead time, and improve product quality.
Toolmakers of all sizes are driven by “better-faster-cheaper”. The time it takes to deliver tooling is the key competitive driver and by shortening lead time, companies can:
- Increase job profitability: the more delays, the more cost. On-time completion equals job profitability.
- Increase shop revenue: completing jobs earlier means more jobs, which equates to more revenue.
- Take on the more complex and customized job: increased complexity in every product is driving the demand for more complex tools.