Stamping Quotation

Solution

We are facing many challenges, including producing a high-quality stamping product while keeping the costs low. Implementing a software solution that provides an integrated end-to-end workflow from costing/quoting to tool manufacturing will yield many benefits and deliver competitive success.

BACKGROUND

Stamping supplier must deliver high-quality part to customers faster than their competitors and then help them design products right the first time. According to studies, 70 to 80% of the total product cost is determined during the initial stage of product design. During the last stage of the product’s life cycle, a large portion of product cost continues to incur, so it is important to pre-estimate the stamping costs.

CHALLENGE

One of the key challenges that stamping suppliers face is competing in the global market to produce part at a competitive cost while maintaining part quality. While most companies estimate tool cost based on experience or spreadsheets, they often end up with wrong calculations — either quoting too high and then losing the order to the competition or incurring extra costs during the remainder of the manufacturing process that yields a financial loss.