With the down-turning economy,there is no doubt that business can be hard. In this article from The Fabricator magazine, Art Hedrick, longtime consultant to the sheet metal stamping industry discusses three overlooked, self destructive factors that may be negatively affecting your operation.
Survival—Are factors other than the economy dragging down your operation?
By Art Hedrick, Contributing Writer
February 10, 2009
I’m not going to sugar-coat it; our economy stinks. As optimistic as I’d like to think I am, I am also a realist. Maybe it’s because I live in Michigan, the heart of the U.S. automotive industry. Need I say more?
Like many of you, I also have felt the effects of our economy. Financial outlooks are quite bleak for some die shops and stampers. I wish I were writing a “how to” article about deep-drawing techniques, or several ways to reduce pierce punch breakage. Something to help you reduce your stamping and die-building costs would be great. However, with the economy the way it is, I really doubt if some of the tooling tips I can offer, such as changing the clearance for a piercing operation or polishing a radius in a drawing die, will have a dramatic impact on your overall company profit. No doubt every improvement helps, but realistically, these tips probably won’t save your company.
I am not an economist, nor a financial expert, and I certainly don’t want to pretend that I have the magic solution that will solve our financial crisis. However, throughout my career as a consultant, I have made some common observations with respect to die shops and stampers. Sharing this knowledge may help your company to be far more competitive.
What are you doing to keep your weld shop in business?