Having an hourly rate calculator for your various CNC machines is very important. This allows you to fine tune you machine to make sure that it is working as efficiently as possible. TCO or total cost of ownership is usually the metric that is used when calculating if the machine is working well or not. You can also find other metrics depending on the calculator you are using. Life span, interest rates are among two of the other metrics that can be found.
- One important way that manufacturers and producers build trust and loyalty with their clients is by consistently having spot on job cost estimations and quotes.
- Inside the machining industry, one good way to make this happen is by using a CNC hourly rate calculator.
- Machine shop owners should know that owning such a machine involves more than coming up with the purchase price. Various pieces of basic tooling need to be included.
“The basic strategy is to determine the machine’s Total Cost of Ownership (TCO) over its useful life and then divide that by how many hours it will be used.”