Hi All.
How do companies set tooling budgets/ control tooling costs? Is a percentage of turnover or gross profit used? Could be based on hrs worked? Just need sum ideas of what is used and what is acceptable values, although all us engineers know that these values are never going to be enough!!
Thanks for your advice in advance
Matt
History
First thing I look at is tool purchase history, usage, jobs run, quantities, trends, etc. The more information you can gather the better your end results.
For the big hitters consider blanket orders send out for quote to your main supplier and alternate suppliers.
R&D on tools, feeds, speeds, DOC, mfg/suppliers, etc.
Have something to add? Share your thoughts — no account required.
Ask the community — no account required