How intelligent purchase reduces system costs
When considering the fixing of a joint, the realtime cost of managing a fastener has an immediate and direct input in five critical areas. These are the fastener itself, assembly, quality of joint, procurement and logistics. Very quickly the argument to achieve cost savings by reducing the purchase cost of the fastener becomes weak. Although some moves have been made to improve the efficiencies of procurement and logistics, assembly technique and the need for quality and inspection are easy to overlook at the expense of genuine overall savings.
EJOT produced this study to discuss the effect of cost saving through fastener price, versus benefits to profit margin achieved through intelligent purchase...