Factors that Influence the Cost of a Plastic Injection Molding Job
Determining the price of your product depends on several factors. Using a cost-effective approach, we develop a pricing structure based on the amount of hours our machines will be in use, the material selected and the quote from the moldmaker. Learn about the factors that influence the price of a mold and the price of parts.
Mold Price Factors
- Mold Quality
- Factors that will determine the mold quality are life of the mold, plastic selected and the complexity of part design. Our preference is to use only aluminum in prototype molds, P-20 steel in medium volume applications (100,000-500,000 parts) and hardened steel for higher volume applications.
- Mold Size
- Part size and the number of cavities will determine mold size.
- Number of Cavities
- Part volume, production rate, and part price influence how many cavities a mold will have. The mold must be able to produce parts faster than they are consumed. We utilize a formula that relates the number of cavities to part costs.
- Offshore vs. Onshore
- We determine whether cost savings from going outside the country justifies the possible challenge of communication and distance.
Part Price Factors
- Material Selection
- The appropriate plastic material must meet all of the application's physical and chemical requirements and be manufacturable in the part design.
- Labor Content
- Our goal is to minimize the labor content and part price by having the machine run automatically.
- Cavities
- The more cavities in the mold has, the lower the part price. Conversley, more cavities the mold has, the higher the mold price.
- Production Rate
- Part design and material selection affect how fast the part can be molded. Since most moldmakers charge for the machine by the hour, the faster the part runs the lower the price.
- Order Quantity
- Quantity affects price in two ways. First, the higher the part volume the lower the material price. Second, the setup cost is amortized over more parts.
- Packaging
- Get the product safely to the customer or the end user.
- Secondary Operations
- Many parts require decorating, assembly or kitting after molding.