“Low-Cost” Tools Through Life Cycle Observation

In course of increasing cost pressure caused by competitors from low-wage countries and customers’ budgetary restrictions the observation and optimization of tools’ life cycle costs covers differentiation potentials for European tool making companies. In the course of the research project TEC (Total Efficiency Control) a calculation tool is developed to enable tool making companies to prognosticate and to present their customers tools’ life cycle costs transparently. Therefore they are able to justify their higher acquisition prices by the lower production costs and market an overall more cost-efficient tool.