FORMAT Tools: Balance between pricing and quality Part 1
Wednesday, April 19, 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.’
Pricing can be the most important decision made in the tooling industry. It is not only a key factor in the decision making for the distributor but for the consumer also, it can be one of the most important factors to consider when distributing tooling to the market.
The quality of the tooling effects the pricing of the tools. It is crucial to get the balance between price and quality but here are FORMAT tools we are not trying to be the cheapest option of tooling but the best quality. That is why when you pay more today, there will be less expense in the future.
Don't believe us?
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