Lowest Installed Cost

PublishTime：2022-11-07

●What is the real cost of a component? When sourcing a fastener this is often taken as the one that costs less. However, it is not that simple and it has been a question that SPIROL has answered for over 50 years and the answer is the one with the lowest installed cost.
●So how do we evaluate the lowest installed cost? Lowest installed cost is determined by a number of factors and looks at the cost of actually getting the fastener into place in the assembly. This covers the cost of hole preparation, the method and ease of assembly, the design and manufacturing costs of mating components, the cost of the fastener, the cost of poor quality (scrap) and the general satisfaction level of the final customer. The highest cost is when a customer chooses a competitor product.
●Component Cost
■In most situations the fastener is the least expensive component in the assembly, usually a small fraction of the total cost. It is however the most important element, as the fastener ties the whole assembly together and without the fastener each part is essentially worthless.

Brand of Product：	Spirol
Part#：
Product Category：	Coiled Pins 、 ISO Slotted Pin More
Application：	More
Data Type：	White Paper More
Safety & Environment Standards：	More
Operating Temperature：	Please see the document for details
Qualification Grade：	More
Qualification Approval：	More
Package：
Language：	English Chinese Chinese and English Japanese
Date of Creation：	2017/9/5
Version Number：
Data Encoding：
Data Size：	241 KB

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