WHAT IS TOOLING
With over 7 years of experience, we have helped many global OEMs on their digital transformation journey.
Tooling (molds, dies, etc.) is the backbone of manufacturing, molding and shaping the products that serve as the face of product-based companies.
In today practices, tooling is distributed to internal and external suppliers for mass production. The problem is how can OEMs know the status of their tooling..
Tooling digitalization provides unprecedented visibility over your in-house & outsourced manufacturing process through data transparency and tighten your relationship with your internal & external suppliers within one digital network.
Lack of reliable and up-to-date information contributes to risks and is eventually converted to financial loss. Therefore, top management always seeks high quality data to mitigate risks in manufacturing.
Through tooling digitalization, eMoldino specializes in forecasting risks in late part delivery and potential faulty parts. With forward visibility, OEMs can take precautionary actions to prevent any disastrous consequences.
Even today, 92% of OEMs still rely on spreadsheets to collect and process tooling data. The problem of this is that it is very hard to obtain reliable and up-to-date data.
In addition, suppliers need to spend a lot of time and human resources in collecting, organizing and exchanging tooling data through manual methods, These valuable time could have been used in more value-generated tasks.
Tooling is costly; about one-third of a company’s manufacturing investments are bound up in these assets. However, due to ineffective lifecycle monitoring and tooling supply chain management, a lot of tooling has never been used to its maximum value.
Moreover, without an effective maintenance program, tooling is prone to break down prior to its life expectancy, leading to high maintenance costs and early retirement. Through tooling digitalization, top global OEMs optimized their year-over-year tooling spending by up to 50%.