The economic principle behind Fibernomics is Lower Operating Costs + Faster Processing = Greater Profit and Earnings Potential. But Fibernomics isn’t just the economic advantage of owning a fiber laser, it’s the overall economic advantage that is created when all of the pull and push demands are satisfied to meet the production capabilities of the fiber laser.
The “Pull” Demand and Software Capabilities
The pull demand of Fibernomics begins at the front-end where business software systems process orders into bills of materials and job routings, as well as programming systems that provide programs for the fiber laser. All of these systems need to keep up with increased throughput and capacity created by the fiber laser.
Many companies employ some sort of job management software or ERP system to manage their business. How quickly can an order be translated into a job ready to process? This is often a bottleneck as the fiber laser is able to produce parts faster than they can be queued in the production pipeline. Once jobs have been released to production, then the nesting software needs to create the programs ready to process on the fiber laser.
Key Elements in the Economic Principle of Fibernomics
In addition to creating timely nests, programming systems must also consider sheet material utilization as this is a key element in the overall cost per part. With material costs making up 50% to 75% of the total cost per part, a programming system must take into consideration the ability to optimize material utilization. Also important in the process is the time it takes to process the nest which is a function of the laser processing speeds and the cut path optimization. Reducing the time from the order to the cut part, reducing material utilization costs and reducing processing times are key to the economic principle of Fibernomics.
Fibernomics – An Effective Fabrication and Business Solution
It’s no longer how a single piece of machinery will affect the fabrication process, but how all the machines and supporting software technologies work together to create a cohesive and effective fabrication and business solution.
By Frank Arteaga, Head of Product Marketing, NAFTA Region
Bystronic Inc., Elgin, IL – Voice.firstname.lastname@example.org