Managing the total cost of an industrial or consumer new product development (NPD) project lies in balancing the bottom line with needs.
While choosing a low-cost plastic injection molder seems like the path of least resistance (and least cost), this supplier may not take into account all long-term soft costs: designing for quality, speed to market, and risk reduction.
Commodity plastics are versatile materials appropriate for a breadth of applications. However, specialty or custom injection molded parts like those required for medical, fire, and safety industries may contain requirements that mainstream polymers can’t fulfill, such as chemical resistance, fire retardant properties and mechanical grade strength.
The diversity in consumer and industrial applications is vast, but offering a wide array of products that keep pace with – but don’t differentiate you from – the competition doesn’t necessarily translate to sustained success.
When it comes to performance, industrial or complex consumer goods must outlive their anticipated lifetimes in order to accomplish two important goals: meeting customer expectations and mitigating warranty claims.
One of the main advantages of using injection-molded plastic components is versatility, both in the wide array of resins available for construction and in application. Addressing resin needs early in the design process is ideal, as is partnering with an experienced injection molder with resin-specific expertise.
Metal-to-plastic conversion is a decades-old process, but not all manufacturers are taking full advantage of its benefits. There is general, common concern about strength, durability and cost; however, the reality is that injection-molded plastic components, when properly designed, are just as strong as metal. In addition, plastic can provide exceptional chemical- and heat-resistance while simultaneously slashing production costs.
The Industrial Internet of Things (IIoT) continues to change the manufacturing industry. IIoT impact is particularly felt in devices and machinery equipped with sensors, which essentially gives the machine the ability to monitor, collect, exchange, and analyze data – all without human interaction.