Production mold component developer and distributor, Progressive Components, announces the release of its new Component Certification program, which offers visibility of supplier component purchases and verification of mold specification compliance.
When a new tool program begins, component specifications are identified and expected to be followed. Unfortunately, mold buyers frequently do not receive the mold components specified. From sub-par, locally sourced components, to “look alike” counterfeit products, the outcome is part failure, resulting in mold damage and downtime.
With Progressive’s new Component Certification program, mold buyers are provided a unique ID which is incorporated into every Bill of Materials, and subsequently required to be included with each purchase order along with the Tool ID.
With the Mold Buyer ID and Tool ID documented, a detailed report that identifies BOM’s ordered by all suppliers is sent to the mold buyer each month. This report provides verification that the number of molds issued to each supplier matches the number of BOM’s ordered, and includes a complete listing of parts ordered.
Benefits of the Component Certification program include:
Reduction in mold damage and downtime caused by inferior mold components
Confirmation that suppliers are complying with established mold specifications
Simplified report that provides information at a glance, every month
“We’ve had customers come to us that buy hundreds of molds per year in China, but have no way to be sure they are getting the components they have specified in their BOM’s", states Peter Friddle, vice president at Progressive Components. “As a solutions provider, we were determined to create a program that would assist mold buyers in verifying their mold specs were being adhered to, as well as provide a simplified way to identify gaps and non-compliance.”