Economic Factor: Stock Material Conservation in Manufacturing

In the realm of manufacturing, efficient stock material conservation is a critical economic factor that can significantly influence overall production costs and profitability. This approach focuses on optimizing material usage without compromising the integrity and quality of individual components, or piece parts. Understanding how to effectively manage stock materials is essential for manufacturers looking to enhance their operational efficiency.

Why Stock Material Conservation Matters
✔ Cost Reduction: By minimizing waste, companies can lower material costs, which is especially
important in industries where raw materials are expensive or subject to fluctuating prices.

✔ Sustainability: Conserving stock materials not only helps in reducing costs but also supports

sustainability initiatives by minimizing waste and promoting eco-friendly practices.

Efficiency: An optimized strip layout can enhance production efficiency, leading to quicker turnaround

times and increased output.

 
Calculating Economy of Strip Layout
To quantify the economy of a strip layout, manufacturers can use the following formula:








Examples:
1. Calculate the economy factor to punch the mild steel component in single row feeding?












Solution:
Number of rows = 1
Area of blank = 1314.16 mm2
Scrap Bridge = 1.2t =1.2 X 2 = 2.4 mm

We know that,






A. Wide Run
















Economic Factor = 78.43%

B. Narrow Run












Economic Factor = 73.19%

2. Calculate the economy factor to punch the mild steel component in single row feeding?



















Solution:
Number of rows = 1
Area of blank = 2525.8 mm2
Scrap Bridge = 1.2t =1.2 X 2 = 2.4 mm

We know that,















Economic Factor = 62.47%

3. Calculate the economy factor to punch the mild steel component in single row feeding?




















Solution:
Number of rows = 1
Area of blank = 2024.96 mm2
Scrap Bridge = 1.2t =1.2 X 2 = 2.4 mm

We know that,






Economic Factor = 77.33%