Top 5 Ways to Save Money on Wire and Cable

Top 5 Ways to Save Money on Wire and Cable

Top 5 Ways to Save Money on Wire and Cable

Whether you’re an engineer designing a new product, or a purchasing agent getting ready to send a purchase order to a vendor, cost plays a large role in your daily decisions. Cutting cost is something that everyone is faced within their life in some way, shape, or form, both personally and professionally, and it isn’t always easy to do.

Often times the first thought in one’s mind when someone suggests “saving money” or “cutting costs” is sacrificing quality for the price, but it doesn’t have to be like that.

Believe it or not, there are ways to save money that don’t involve sacrificing quality and reliability for a better price. Here are a few ways that can help you save money on your wire and cable spend.

1. Review Drawings and Spec Sheets for Over-Engineering.

Look at your design drawings or spec sheets. REALLY take a hard, detailed look at them. Does the product’s application really call for a product that is overly robust, resilient to harsh environments and other attributes that are most likely expensive?

Over-engineering leads to over-specification which leads to over-spending. Take a second look at your design drawings or spec sheets again, and make sure the attributes of the product/material that the spec calls for matches the level of sophistication and robustness of the raw material.

You may find that a less expensive alternative would work in that application just as well.

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2. Don’t Skimp! Buy Quality from the Start.

Penny pinching is okay in some situations, but when it comes to electrical apparatuses and industrial design, you probably shouldn’t just buy the cheapest wire and cable option out there.

Safety is not only important, but it can be extremely expensive if something gets damaged or someone gets hurt.

Some of the low-cost material is usually not of the highest quality and may lack some of the important industry quality standards that may save you down the road from an injury or damaging a machine.

Spending a little extra in the beginning for a quality product can help save you money in the long run.

3. Check for a New Variant of Product You’re Buying.

Some designs and product drawings have been around forever. When’s the last time you looked for the newest variant of the product you’re buying?

It very well could be that there’s a new variant of product/material out there that may be better and cheaper. New doesn’t always equate to more expensive.

There are new wire and cable technology being created and implemented all the time. In general, new wire and cable products tend to boast a more resilient and efficient design and prove to be more cost-effective than their predecessors.

4. Don’t Buy More Than You Need.

Going to a manufacturer direct more often than not, forces you to buy standard manufacturing put-ups that are usually way more than what is needed.

Waste is expensive, and also costly to dispose of. Don’t be forced to buy more than you need, go to a distributor like Lapp Tannehill and get exactly how much you need, no more, no less.

5. Get an Evaluation of Your Current Purchases.

One of the many value-add services Lapp Tannehill offers is a free wire and cable evaluation with one of our industry experts.

We offer a FREE, full-scale review of your wire and cable needs, current usage, and will formulate a solution to start reducing costs for the short and long term.

Sign up for the free evaluation and our Business Development team will reach out to you to coordinate an evaluation.

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