What Goes into the Cost of Precision Parts and Tooling?
“That’s too expensive.”
“The last company did it for half that.”
“Why does it cost so much?”
Have you ever said any of those things when talking to a potential new vendor/partner?
It’s natural to want a good price. It’s even natural to want a “low” price. No one wants to be taken advantage of or to pay for more than what they get in return.
When it comes to your close tolerance parts, “low” and “good” don’t often go together.
You’ve heard the saying, “You can pick two: Cheap, Fast, High Quality. But you can’t have all three!”
While that’s generally true, we don’t believe anyone wants “cheap.”
Do you? No. Instead, people want VALUE. They want to know that what they’re getting is worth what they’re paying.
You’ve also heard the saying, “You get what you pay for.” (Another version is, “Buy cheap; buy twice.”)
When it comes to the price of designing and building precision injection mold tooling or producing tight tolerance parts, the last thing you want to do is “pay twice.” You may or may not be surprised, though, at how many times we’ve been called in to fix something that should have been caught early in the process. Because price was the primary decision-making factor, corners were cut or details were missed; and, indeed, the customer was having to “pay twice.”
What’s more important to you: low price or high quality?
Silly question, right? The most important thing is always to get the best quality...at a good price. And, that’s what we believe.
We also understand that for some, price is the most important factor. And for those situations, we realize we’re not going to be the right choice. And that’s okay. We would rather lose a piece of business - or even a potential new client - than take a job in which we didn’t feel our experience, effort, and time were being valued.
We would expect the same from our clients when they are doing work for their customers.
Everyone deserves to get paid for what they’re worth.