Five ways to reduce part costs with Spanflug BUY
As a purchasing manager, you can reduce the costs for custom machined parts with Spanflug BUY – from the design phase to warehousing. Here is how.
Tackling the part procurement challenge
Getting quotes for custom machined parts is time-consuming and cost-intensive. By the time you have all the quotes on the table, comparing prices and terms, and then ordering the parts from the supplier with the best price and a machine with available capacity, it can easily take days to weeks. It is therefore worth starting right here to make the purchasing process faster, more efficient and save your company real money.
With digital manufacturing platforms, such as Spanflug BUY, your purchasing department can reduce the cost of turning and milling parts by up to a third.
Here are five ways, how Spanflug enables cost savings – from the design phase to warehousing.
Making part purchasing more efficient
1. Get support during design-to-cost phase: optimize part costs early in the lifecycle
Already during the development phase, designers and cost engineers can use Spanflug BUY to automatically calculate instant prices and delivery times for their CNC parts based on CAD models and 2D drawings in just one minute. With just a few clicks, designers and product managers can review the impact of each part iteration on total cost, be it stock, post-treatment, or tolerances. Autonomously, without having to wait days or weeks for quotes from the supplier base to arrive and be compared. Once the cost-optimized part version has been defined, the design department can save the part in Spanflug BUY and hand it over to purchasing for an easy and efficient procurement process.
2. Reduce costs per purchasing process: saving time and money
The transaction and process costs for buying complex custom machined parts and pre-series are traditionally considerably higher than for series parts or standard parts. Effort and costs can easily be ten times higher than for catalog parts. Especially for complex CNC parts and pre-series, process costs can then add up to 20% to the total costs of parts. Spanflug reduces this effort by up to 90%. Our solution makes purchasing turning and milling parts efficient and fast, and the process costs can be reduced significantly.
Spanflug’s manufacturing platform takes over a lot of work steps for buyers, for example in supplier management and when comparing RFQs. At the same time, frictional losses in communication between product design, purchasing and suppliers are reduced, and digital sourcing can also be integrated seamlessly into existing purchasing processes and ERP systems. Thanks to the high degree of automation and our intelligent part analysis, manual input is almost completely eliminated. Buyers do not need to have in-depth technical knowledge, which is an advantage when skilled labor is in short supply.
3. Material costs: benefit from network effects and real-time data
As a digital manufacturing platform, Spanflug bundles massive purchasing volumes in a professional manufacturing network. Companies needing parts benefit from competitive part prices as well as from attractive purchasing conditions and framework agreements. The network effect positively impacts the direct part costs – without compromising on quality.
When calculating prices and delivery times, the Spanflug platform accesses real-time data from stock suppliers. This ensures not only a smooth supply-chain, but also guarantees precise part prices in line with the market.
4. Network of over 6,000 CNC machines: Spanflug finds the most economical match
The platform intelligently matches each part to the CNC machine shop with the most suitable machine, the required technical expertise and free capacities. Post-treatments are also considered directly. Spanflug then delivers the manufactured parts reliably and acts as single source supplier, reducing effort and costs for order processing.
5. Cost advantage right into the warehouse: on-demand manufacturing and sustainable transport
Spanflug BUY offers all the advantages of on-demand manufacturing. Thanks to the network of over 300 partners in the EU, parts can be ordered in any quantity at any time with consistent quality and with delivery dates starting from 5 working days. This enables companies to reduce excess inventory and high warehousing costs. Spanflug also offers a considerable cost advantage in terms of transportation and delivery costs compared to platforms with far-shoring manufacturing. At the same time, CO2 emissions can be reduced.
Leverage competitive advantage and cost optimization
Spanflug BUY enables a highly efficient way of sourcing custom machined parts to companies that want to increase their competitive advantage and use the full potential of cost optimization. Buying complex prototypes and small series becomes as fast and easy as buying a box of screws!