An engineered product is a collection of materials in the shapes of components and weld, solder, or adhesive joints. In fact, up to 70% of the cost to make a product is due to its materials. Therefore, it makes sense that getting the materials right will have a big impact on a product’s success. However, many organizations have difficulties getting the materials right, and they end up facing common problems such as:
OEMs and Tier 1 manufacturers are moving business to global low-cost suppliers. As a result, U.S. stampers try to remain competitive by cutting costs or offering more services. U.S. stampers are missing an opportunity to gain a competitive edge by offering materials engineering support that the OEMs and Tier 1 suppliers often lack. Instead, many stampers take the position that they just build to a print—but so do overseas shops. So how will U.S. stampers differentiate themselves?