Posts tagged with: cost per part

5 Things You Need to Know if You are New to the Machine Tool Industry

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By on August 6, 2019

  The machine tool world can be overwhelming if you are new to it. You may hear terms like tolerances, CNC, CPK, surface finish, uptime, and cost per part thrown around, and it may seem like a foreign language if you are just starting out in this industry. We know that many people are just […]

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What You Need to Know about Cost Per Part

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By on July 23, 2019

Knowing your cost per part is critical to ensuring your machine shop is operating efficiently. But how do you calculate this? Here is a simple equation to calculate cost per part: Total fixed costs + Total variable costs ÷ Total units produced Fixed costs include things like building rent, insurance for employees, and other overhead […]

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