Machine tool experts recommend choosing tools that focus on productivity
"China Industry News" recently quoted machine tool industry expert Zhang Hao, who highlighted a widespread issue in the sector: low machine tool utilization. He emphasized that companies should focus on maximizing the efficiency of their machines. However, he also pointed out that tools—essential for executing machining tasks—play a critical role. If the tools don't meet the required standards, even the fastest machines won't perform effectively.
The report noted that many tool users tend to prioritize price over performance, often overlooking the long-term benefits of investing in high-quality tools. It referenced the experience of Sandvik Coromant, a leading cutter manufacturer. According to the report, tool buyers are frequently evaluated based on their ability to secure the lowest purchase price, which leads purchasing departments to favor cheaper options, even if they compromise on quality and performance.
Sandvik Coromant's business model is rooted in manufacturing economics. The company explains that reducing the tool purchase price by 30% might save customers just 1% in part costs. On the other hand, investing in better tools that extend tool life by 50% can also lead to a 1% cost reduction. However, when customers choose higher-performance tools that allow for faster cutting speeds—such as a 20% increase in productivity—the savings jump significantly, reaching up to 15% in part and component costs. This not only improves efficiency but also enhances profitability for end-users.
In today’s competitive market, it's crucial for manufacturers to look beyond the initial cost and consider the total cost of ownership. By focusing on tool performance and productivity, companies can achieve greater returns and sustainable growth.
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