Global Precision Parts Exceeds New Product Demand for Longstanding Client through New Technology, Increased Throughput & Innovation
When one of their long-term clients approached them with a new product design, Global Precision Parts, Inc. was immediately intrigued.
From new technology to new capacity and higher-quality, more efficient parts, the results of their solutions were more significant than they ever originally envisioned.
As a leader in global precision manufacturing, Global Precision Parts has always prided itself on providing the highest quality products, on-time deliveries, and superior customer service to its partners across the world.
One of the ways that Global Precision Parts truly sets itself apart is in its focus on partnerships.
Throughout their years of business, this global manufacturer has worked with many large, multinational corporations on long-term projects. They are constantly evolving to meet the needs of their customers, and this recent project with a major manufacturing customer of theirs was no exception.
A long-term customer came to Global Precision Parts when they were experiencing internal product design changes.
After looking at the preliminary prints, the team at Global Precision Parts decided that this was something they wanted to move forward with.
And as the new product line started to grow, Global Precision Parts realized that they needed to upgrade their equipment, increase their throughput, and add capacity, so they decided to segregate a portion of one of their plants specifically for this new product line.
Solution & Process
First, Global Precision Parts moved their entire maintenance department so they could install new equipment to increase their throughput to hit the demands that were required.
Global Precision Parts uses a specific calculation to measure their throughput:
Throughput = Sales Dollars / Hours Worked
The emphasis on measuring throughput as a key performance indicator highlights Global Precision Parts’ dedication to creating a more efficient process to produce higher-quality parts per shift.
18 months later, the new equipment was fully installed and up to speed, producing the new product designs Global Precision Parts’ customer needed to remain competitive.
As a result of this investment in new equipment and new capacity, Global Precision Parts increased their throughput between 200-300%. Consequently, the number of parts they produced for this client went up.
This new investment demonstrates the commitment this global manufacturer has to investing in new equipment to meet their clients’ increased demands and simultaneously improve efficiencies in their manufacturing facilities.
Moving forward, Global Precision Parts will continue to take an agile approach to manufacturing to meet the future needs of both this customer and their other clients. That way, all constituents can grow together and mutually pursue manufacturing excellence.