An Eye Opening Cost Analysis
Many times, when people evaluate the cost of replacing wear resistant steel, they look no further to make their selection than comparing the price per pound.
And frequently that has proven to be an enormous mistake, in the end costing them far more than they could possibly imagine.
When talking with customers regarding their wear plate applications, we point out JADCO’s literature states: QT-PLUS ® Is A Premium Quality Through Hardened Wear Steel With Up To 3-5 Times Wear Life Of Commodity AR400.
As the industry leader for wear plate, obviously QT-PLUS ® is priced higher than the AR400, AR450 or AR500.
We always point out when you invest in QT-PLUS ®, you will not have to buy the less expensive option an additional 3 to 5 times.
Labor Is A Major Expense For Every Company
In addition to the cost of replacement materials, it doesn’t matter if your maintenance crew or an outside contractor does the work. The wrecked wear plate must be removed and the new material installed. And this is a very big number, often exceeding the material cost.
But Have You Considered Lost Production Revenue In Your Unscheduled Breakdown?
The following is a Case Study providing real data from a current foundry customer. The concepts are applicable to any manufacturing company, regardless of your industry.
CASE STUDY
When the customer shakeout deck wore out, hot castings caught on the worn-out areas, which created a blockage in the system. Certainly, that had to be addressed immediately.
The order for QT-PLUS ® to replace the flopped deck required Hot Shot Direct freight delivery, further adding to the project expenses.
To remove the blockage, remove the wear liners and re-install the new plates; required 4 days labor with zero production during this time.
This particular product line produced 54 castings per hour, running 13 hours per day. The average selling price for these castings is $74. Allowing for minor casting scrap; this single product line generates $47,532 of revenue daily.
For This 4-Day Breakdown, Lost Production Alone Amounted To $190,128. That is lost revenue they will never get back.
Did They Save Anything By Using A Less Expensive Wear Plate?
In hindsight, that disastrous wear plate choice, turned into their most expensive option overnight.
Sure, they can work over a weekend trying to catch up for their customer’s needs, but they cannot make up the lost days.
JADCO QT-PLUS ® shown on another shaker deck with back-draft perforated holes, allowing the sand to drop out.
Having proven QT-PLUS ® extended their wear plate life longer than they had previously seen in this installation, this foundry now has ordered their new equipment specified and outfitted using JADCO QT-PLUS ®, installed the factory from the start.
Doing the math, you can choose to:
- BUY ONCE VS. SEVERAL TIMES
- REMOVE FAILED WEAR PLATE ONCE VS. SEVERAL TIMES
- INSTALL REPLACEMENTS ONCE VS. SEVERAL TIMES
- AVOID LOST PRODUCTION REVENUE FROM NOT USING THE CORRECT MATERIAL THE FIRST TIME
JADCO’s QT PLUS ® delivers greater performance IN YOUR MOST CHALLENGING WEAR APPLICATIONS than the various AR400 steel plates you have used previously.
Being able to create wear resistant steel having the same hardness through the entire thickness of the steel, demands you accurately control the alloying chemistry with precise heat treating.
Doesn’t Every Steel Company Make Their Wear Plate Last As Long As JADCO QT PLUS ®?
The quick answer is No; although the attention to detail required at the steel mill in Pennsylvania is available to anyone. Yet most wear plate distributors choose to reduce the specific quantities and percentages of these essential alloying elements, targeting a lower selling price.
When you cut back on these critical alloys, wear life drops and it is always the customer who suffers from reduced wear life.
For the past 43+ years, JADCO has provided the longest lasting wear resistant steel to heavy industry. As the industry leader, we know what will deliver the best results for your equipment.
Now you understand why we are able to deliver better results to our customers. We think differently by strictly focusing to improve your current results.
Allow us to help you today by calling 724.452.5252, or email info@jadcomfg.com.
We will schedule a meeting with one of our local wear plate specialists at a time that best fits your schedule.
Remember, the only thing you have to lose by not working with JADCO, are your profits.
