Shop owners should revisit the way parts are produced, looking at new processes that offer opportunities to reduce per-part cost. The way a part has typically been machined may be the more expensive process due to longer cycle times, less-than-perfect quality, higher scrap rates, more handling, and limited flexibility. Many companies may be overlooking a better approach.
To reduce cycle time on a part currently produced on a Swiss-style machine in 2 minutes to under 20 seconds drives down the per-piece cost. Also, there is no longer the requirement for expensive, ground bar stock, and there is less waste. Reducing your cost per piece yields profit.