Even with rising material costs, FACTUREE holds prices steady with its network of over 1000 manufacturing partners and growing order volumes
Stable prices despite raw material shortages through Online Manufacturing with FACTUREE
Berlin, 7 July 2021 – According to the 2020 IMP index of the “Information Service of the German Economic Institute”, the raw material costs for metal processing companies in Germany rose by more than 20 percent within twelve months – from the end of 2019 to the end of 2020. Industrial supply chains are disrupted by a shortage of raw materials in many places, leading to higher prices for manufacturing companies. The Online Manufacturing concept of FACTUREE (www.facturee.de/en) can mitigate these effects. With a network of more than 1000 manufacturing partners and an increase in orders, the company can guarantee stable prices.
The “Information Service of the German Economic Institute” reports that at the end of 2020, the industrial metal price (IMP) index reached its third-highest rate since it was introduced ten years ago. This development is due, among other things, to low supplies of raw materials because metal mines all around the world produced lower quantities of raw materials or were completely shut down as a result of the coronavirus pandemic. At the same time, however, demand is above average.
“The high demand for raw materials coupled with low supply levels has led to enormous price increases for many manufacturers. With our concept of Online Manufacturing, we are not subject to this pressure and can ensure stable prices with the same high quality. We use AI to identify the most suitable manufacturer for each project in terms of quality, price, and delivery time,” says Moritz König, CEO of FACTUREE.
The FACTUREE network has more than 8000 machines available at all times for projects in the areas of CNC machining, sheet metal processing, 3D printing, and surface technology. All partners are subject to a continuous data-driven, ISO 9001 certified quality management system. Prototyping projects can be carried out as well as small and large series production.
Moritz König continues, “At FACTUREE, prices are adjusted only if absolutely necessary. We do not pass on higher material prices to our customers, which helps them to make reliable long-term calculations. This is possible because our steadily growing network and increasing order volumes allow us to negotiate better prices without any fluctuations in quality. Online Manufacturing improves flexibility and facilitates stable procurement processes by rapidly adapting to the current situation. This gives us a competitive edge over conventional manufacturing.”
Profile of FACTUREE – The Online Manufacturer:
cwmk GmbH, based in Berlin, operates under the brand name FACTUREE as the first Online Manufacturer. The company pursues the goal of enabling its customers to procure modern production parts through digitization, automation and networking. FACTUREE has an extensive production network of over 1000 manufacturing partners from the fields of CNC machining, sheet metal production, 3D printing and surface technology. More than 8000 machines are constantly available for projects. All partners are subject to a continuous data-driven quality management system certified according to ISO 9001. FACTUREE can realize prototyping projects as well as small and large series production. The customer base is located in the most diverse fields such as mechanical engineering, medical technology, model making, robotics, automotive as well as aerospace. Leading industrial companies like Siemens and Parker Hannifin, SMEs, research institutes and universities are among the customers. FACTUREE is active throughout Europe and has a continuously growing number of customers in other European countries.
Further information: www.facturee.de/en