Calibration Cost Tools
Ever wanted to figure out what your ongoing torque calibration costs really are!

"We've got to reduce our costs." If you had a penny for every time that statement was made, you'd probably be the wealthiest person on earth. Since you don't get to collect the pennies for the statement, what you need is a hand actually figuring out just exactly how you can do so.

That's what the linked papers and spreadsheet do.

As an assembler, you use torque tools. Inherent to this ownership and use is the need to calibrate them so you can make, and keep making, quality products.

That calibration costs money is a given. The real question is "What calibration strategy will give us the best return on investment?" That question is what the papers and spreadsheet linked below assist you in determining.

The first download is a detailed examination of three basic calibration strategies: Tool Manufacturer Calibration Strategy, Calibration Service Strategy, and Internal Calibration Strategy. The paper lays out, in some depth, the strengths and weaknesses of each approach, including an examination of the categories of obvious and hidden costs of each.

The second download is an Excel® spreadsheet with four pages. The first page is an abbreviated set of instructions for customizing the spreadsheet to reflect your actual costs. The next three sheets contain the data and formulae for calculating the costs of applying each strategy in your plant. The data for an example plant has been entered, and the cells that you would customize to reflect your costs (such items as your labor rate per hour) have been highlighted. This spreadsheet is an invaluable tool in examining the costs of your current strategy and the effects changes would have on your bottom line.

We urge you to use the spreadsheet to perform your "What if" calculations, to convert the speculation and guesswork to close estimates of the financial effects any changes would have. With substantive information comes the ability to make the informed decisions that will increase your profitability.

The third download is a detailed instruction set for customizing the spreadsheet to accurately reflect the cost structure in your operation. It expands on the abbreviated instructions included on the front page of the spreadsheet, answering any questions that may arise.

Once you have customized the spreadsheet to reflect your firm's cost structure you will know if your current approach is the optimum for you or if perhaps there is room for improvement. If you have optimized your torque tool calibration for operational and cost efficiency, wonderful! If not, then contact us to discuss how we can help you reduce your torque tool calibration costs and increase your profits!