FORMAT Tools - Choosing The Most Efficient Pricing Part 1
Wednesday, February 22, 2017
With so
much choice in the cutting tool world, here at FORMAT we understand that it can
be hard for customers to work out which cutting tool manufacturer to choose. In
our experience, six key factors that affect such an important decision include:
1. The
quality of the cutting tool itself
2. How
cutting tool distributors are chosen and monitored by the cutting tool
manufacturer
3.
Breadth of cutting tool choice
4. Speed
of delivery of the cutting tool
5. How
the cutting tool manufacturer runs their business and is structured
6.
Cutting tools pricing policy
In this
blog story we will focus on number six, our ‘Cutting tools pricing policy.’
If you purchase tooling
by price only it is more than likely costing you money, the cheapest tooling is
not always the most efficient. We work together with our EDE supplier
to produce pricing for our tooling supplies, this requires more time and
effort, but in the long-term cost savings for customers are worth more.
Our chosen distributors
make it their priority to send your tooling quotation as soon as to ensure you
have a detailed
tooling cost to reduce risk of overpaying. Immediate visibility of the end cost
of your requested tooling, improves margins, reduces risk, and increases the
product development process, as you know that this is the correct tooling at
the right price for your application.
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