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Archive for May, 2007

How Does Katy Spring Compare to the Spring Industry?

Thursday, May 31st, 2007

It’s a question every company wants to know the answer, or at least should know; how does their company compare to their industry as a whole? In the spring manufacturing industry, The Spring Manufacturer’s Institute periodically publishes spring industry information so that spring manufacturers can compare their numbers to see how they are performing vs. the spring industry as a whole. It’s good for spring manufacturers to know how they compare, so that they can potentially identify areas that can be improved. The spring industry numbers can serve as a benchmark for spring manufacturers to have something to gage their performance. The comparisons can also be helpful information for spring customers and potential spring customers in deciding on a spring manufacturing vendor. For example, the comparison below shows how Katy Spring’s numbers compared to the spring industry’s numbers, using statistics from the year 2000 vs. 2005.

Category Spring Industry Katy Spring What does it mean?

Net Sales 12% increase 378% increase Greater customer satisfaction

Raw Material 3.4 % increase 2% increase Better at purchasing/inventory
% of Cost Management

Direct Labor .3% increase 4% increase Better at Attracting & Retaining
Top Talent

Factory Cost .5 % increase 2% increase Better at Managing Production
Overhead Costs

Total C.O.G.S. .8 % increase 4.9% decrease Better at Managing Over-All
Production Costs

Admin. Fees .6 % increase .00006 increase Virtually no change

Profits 1.4 % decrease 5.2% increase A Better Spring Company

The percentages are taken as a percentage of total sales and revenue.

Scott

Spring Manufacturer’s Institute Announces Spring Design Software Upgrade

Tuesday, May 15th, 2007

The Spring Manufacturer’s Institute (SMI) announced their release to upgrade the current spring design software version ASD 6.0.11. The upgrade is free to current users. The upgrade can be downloaded from http://www.uts.com/ProductUpdates.asp.

The changes included in the upgrade include;

• Torsion Spring models have been overhauled in several key areas;
New variables were added for contact forces on each moment arm at each load condition.
Individual moment arm lengths are now specified in the geometry section of the power user form.
Estimated cycle life is now reported.

*Estimated cycle life is now being calculated in the torsion spring and compression spring programs.

• The spring materials properties can now be viewed in metric.

• Two material property values were changed:

• – The minimum tensile strength of flat phosphor bronze material had been incorrectly listed as 170000 psi and is now correctly listed at 107000 psi.

• – The bending modulus for Round Chrome Silicon wire had been incorrectly listed as 29869000 psi and is now 30000000.

• Compression and Extension spring load algorithms were updated and additional caution messages were added.

• A glossary was added to the online help.

Scott


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