Posted on Dec 23, 2012 in News, Technology

Price Manufacturing, opened in 1980, is a leading producer of custom screw machine products for businesses in a variety of industries. The company, which also creates products using computer numerical control (CNC) machines, focuses on delivering precision machine parts that meet very close tolerances.

One of the major benefits that Price Manufacturing offers to customers is its flexibility in scheduling releases. Businesses that rely on just-in-time (JIT) inventory control will find a partner with expertise in the process. This flexibility allows customers to choose a delivery method that meets their production schedule needs.

Below, we describe more about what the just-in-time process is and how it relates to custom screw machine products. After you have had a chance to review, we invite you to connect with Price Manufacturing to find out more about working together.

Just-in-Time

The aim of JIT is to improve a company’s return on investment by reducing unfinished inventory and the cost of carrying that inventory. Specific signals, or “Kanban”, help the company dictate which parts of production should take place at what time. This method can benefit a business in several ways:

• JIT makes inventory easier to manage since only the parts that are necessary at a given time are involved in the manufacturing process.

• Less money is required for storage costs, and less time goes towards set-up because workers know which tasks are required at any given point in the production process.

• Companies produce parts more efficiently because they have the parts that they require when they need them.

Price Manufacturing and JIT

One drawback to JIT is that the supply chain may be interrupted by unexpected demand. Because of Price Manufacturing’s experience, it is able to advise customers who have ongoing need of custom screw machine products about this concern. Price Manufacturing anticipates these scenarios and works with customers during the design of a project and through its implementation to ensure that the company has an alternative source for parts.

Price Manufacturing and Efficiency

The ability to deliver lots according to a JIT process is only one of the ways that Price Manufacturing builds efficiency into its work process. The experience of its staff—from its quality managers to its machinists to its foremen—means that projects are completed on-time and in a way that meets the customer’s design specifications. Also, the equipment that Price Manufacturing uses in its work allows for quick-change tooling. Our multi-spindle screw machinery is a cost-effective way to produce a high volume of turned components while maintaining close tolerances, and our tools are flexible enough to handle a variety of bar stock.

Expertise; advanced equipment; better processes: all of these elements allow Price Manufacturing to meet the needs of a project and exceed the expectations of our customers. We invite you to experience our work.

Conveniently located on the edge of Riverside and San Bernardo counties and serving California, Nevada and Arizona. Contact Price Manufacturing to find out more about our CNC and custom screw machine products. Customers can reach us online or by telephone at 951-371-5660.