With the coming of the modern age, there have been a lot of new techniques that have been developed, but one can safely say that not all of them have been adopted by the industry. There are many reasons for it like they are not eco-friendly, or they can’t be easily automated, but the major reason that leads the way is they are not economically viable. There is no point in appointing a technique to produce something which is not worth the cost that one spent on creating it.
Injection molding is one such technique that has gained the attention of various industries and everyone is talking about it, but the same question still worries everyone, that what is the cost associated with it. In this article, we will try to describe how one can get a rough estimate of how much cost it will be on them once they start implementing the method.
- Production rate: – One must have an idea about the product that they are going to make and how many cavities will be in there as it plays an important role in deciding the amount of material required which directly controls the total cost. Another thing that they need to aim for is the number of parts that will be produced in each cycle and the number of cycles in an hour. The larger the number of products produced in each cycle and the number of cycles in an hour, lower the cost of production.
- The injection molding material used in each cycle: – It is not a good idea to simply measure the weight of the end product and then decide on how much material do you want. A substantial quantity of material is also scraped and wasted here and there and must be considered as well while calculating the material cost. An idea about the number of cavities that you will be having will also help with this
- Other costs: – Other costs include the number of workers that you will be needing to carry out the different manual or automated operations. Workers doing manual work have low wages, but they will be needed in a large number while the workers working on the automated machine are skilled and will have a higher wage as compared to the workers doing manual work. Factors like the idle time of the different machines, post-processing time and the cost associated with giving final touches to the product must also be taken into consideration.
These are just some of the factors that go on deciding what the total cost will look like as they cover the core operations associated. Even the smallest of changes can go on to affect the total amount by a good amount and that’s why one should always aim to find the optimum method so as to balance all the cost involved resulting in the maximum profit that is the main goal.
Since China is the best place for any company to set up their factory, it is important to know about the China injection mold cost and on what factors does this amount depend on.
Resource box: This article is originally posted from https://www.injectionmouldchina.com.