Cost Estimator Aids Plastics Manufacturers

Jan. 13, 2005
The Society of Manufacturing Engineers' (SME) Injection Molded Part Cost Estimator is a new spreadsheet tool that evaluates plastics variables not always considered in determining total part costs, according to the Dearborn, Mich.-based organization. ...

The Society of Manufacturing Engineers' (SME) Injection Molded Part Cost Estimator is a new spreadsheet tool that evaluates plastics variables not always considered in determining total part costs, according to the Dearborn, Mich.-based organization. The downloadable, interactive Excel spreadsheet enables users to set up all costs involved with projects, including variables often overlooked (e.g., electricity and labor), according to SME member Glenn Anderson, principal engineer at Concordville, Pa.-based Southco Inc. Additionally, Anderson is part of the Injection Molding Technical Group at SME. Anderson notes that the spreadsheet allows users to run what-if scenarios and can show numbers based on different run rates. Major categories of process variables incorporated into the calculator include: part volume, part information, resin material, tooling equipment and maintenance, production, secondary operations and associated costs and direct labor. The Injection Molded Part Cost Estimator can be ordered through the SME Resource Center at 800-733-4763, or by sending an e-mail to [email protected]. The spreadsheet is free to SME members; $24 for nonmembers.

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!