Have you ever wondered what goes into pricing a stamped die or tool? There are five main factors involved in this process. On top of that, the person in charge of coming up with these cost estimates must understand how metal stamping processes work. They also need to know the stamping die design process. Since this industry relies on precision, it’s important that experts go through in every step of the process, from die design through parts creation. Although there’s no perfect formula, a seasoned estimator goes through the following process every time.
1) General Parts Type
Exactly what is the part? This is the first step in creating the die and estimating its cost. Obviously, the more complex the die, the higher the cost will be. This is due to the work involved in both the die and stamping processes. In some cases, a progressive die must be made. Others may only need a single-station die. The use of carrier strips and strip lifters must be factored into the cost.
2) The Number of Finished Parts
How many parts? There’s a reason behind this – when a large number of parts must be stamped; the die needs to be thicker to withstand the stress of being used many times over. This means that a higher quality metal should be used to make the die. But, lower quality steel or other metal can be used if a low volume of parts is required. Obviously, more time is involved in making a die from stronger, thicker metal. The estimator breaks the dies into three categories: A, B, and C, ranked in order of production and maintenance.
3) Turnaround Time
When do you need the die and those parts? Yes, this matters quite a bit. Faster turnaround times will make your die cost more. This is because workloads need to be adjusted to produce your die on time. If you have more time spare, then an extra “rush charge” won’t be added to the cost.
4) Metal Tolerances and Materials
What are the final parts made of? If you’re going through the whole process, from dies to stamped part, at one company, then the costs will include the final parts as well. This means that your production volume and the number of machines needed matter. Most importantly, the cost of the metal for the final parts, is also included in your estimate.
5) The Company You Choose
If you decided to have your die and parts made at a company with a specialty niche, then you’ll pay more. For example, a company that only handles aerospace parts will have less business but charge more. Their high specialized natures allow for this. A company like Special Metal Stamping will give you a better price. We handle a wide variety of dies and stamped products for many different industries.