In the field of industrial manufacturing, precision machined products have emerged as a significant innovation over the past decade. In the U.S. alone, precision manufacturing has added over $10 billion to the country’s economy over the last decade. Between 2015 and 2024, precision machining across the globe is expected to double in value from $53 billion to $93 billion.
How are precision machined products driving innovation in the manufacturing sector? Most manufactured products, including electronic products, medical appliances, and automobiles, are becoming smaller and more complex. Such smaller products with complex designs are difficult to assemble manually with human hands. This is where precision manufacturing is needed in manufacturing facilities.
How Precision Machining is Driving Innovation
Through precision machining and precision machined products, manufacturers can automate their processes, thus improving the manufacturing output and minimizing human errors. As the manufacturing industry grows more competitive across the globe, manufacturing companies can no longer rely on traditional forms of machining to survive in this era.
Here are six top benefits of precision machining that are driving innovation in manufacturing:
- Improved production speed
Be it any product, manufacturers are looking for innovative ways to release their finished products to the market. With shorter production cycles, manufacturers can adapt faster to changing customer and industry requirements.
Precision machined products like precision machined tools can work at a higher speed than human-operated machines. This helps in improving the production speed and the manufacturing output. Besides, such machines guarantee better product quality at an affordable cost. Apart from improving production speed, precision machining delivers products with consistent quality that is in line with industry standards. This, in turn, improves the customer’s confidence in the manufacturing brand, leading to improved sales.
- Designed for the Industrial Internet of Things (IIoT)
In the global manufacturing domain, digital technologies like Automation and IIoT are revolutionizing products forever. Connected devices like smartphones and wearable devices are being adopted by consumers across the world. With these innovations, precision machining tools are required to manufacture IIoT-enabled connected devices that can leverage the Internet.
Smart manufacturing tools that employ such tools can only handle the growing demand for connected devices. Additionally, with the growth of connected devices, cybersecurity is a major challenge for global manufacturers. Industrial hacking can result in a major breach of the machining system. Precision machined products can drive innovation and improve security by integrating with IIoT technology.
- Consistent quality
In any high-volume manufacturing environment, companies need to deliver consistently high-quality products to be accepted by their consumers. Manufacturers look to commission machines that can produce products of consistent quality. Without the right tools, manufacturers cannot improve their time-to-market and decrease their production waste.
Advanced manufacturing tools help deliver products of consistent quality – thus reducing the chances of poorly designed products (or components). Besides, designs are according to industry standards and regulations.
- Elimination of human errors
Precision machined products are designed according to exact specifications, which are fed into an automated manufacturing process. As compared to human-operated machines, this machining eliminates any probability of human error during the production process.
For instance, medical product specifications must be accurate down to the last millimeter. Products that do not meet this exact measurement will be rejected in the very first phase of testing. On its part, precision machining improves accuracy by:
- Being part of the initial product designing phase.
- Creating functional prototypes of the product before full-scale production.
- Evaluating the market demand before taking product designs to production.
- Waste reduction
Manufacturers need an environmentally sustainable production process that maximizes the use of available materials and resources. Manufacturing waste can manifest in the form of low-quality product ingredients, wasted time, and machine downtime. Products produced in this manner ensure minimum wastage with their efficient manufacturing process.
Through accurate programming, precision machining tools utilize every single product component in the production process. Besides, minor changes can be implemented in the product prototype – and not during the production phase. Manufacturers can focus on reducing waste across the entire product development cycle, from design to production.
- Cost efficiency
Precision machine tools can be easily run by operators with less industry experience – as compared to those operating conventional machines. Apart from reducing overhead expenses, precision machining tools can save manufacturers significant costs involved in workers’ salaries, training costs, and any additional employee benefits.
Manufacturers can divert their saved expenses toward other business areas, including procurement, supply chain management, and product marketing. Energy efficiency can further reduce costs by reducing electricity consumption.
In the age of advanced manufacturing, precision machined products are driving both innovation and progress in the manufacturing domain. Many industries are now relying on these manufacturing techniques to design products that meet industry standards and customer requirements.
Based in North America, Midwest Turned Products produces world-class precision machined components for its global clientele. At Midwest, our machining processes are designed to build and deliver product components using precision machining according to the exact product specifications required by our clients. We have covered product manufacturing across industries, including, medical, aerospace, and agriculture.
With our precision machining facility, you are assured of getting what you need, along with:
- Reduced lead time
- Improved product quality
- Affordable value-added services