Calculating the level of business opportunity involved with transfers depends highly on efficiency and due diligence of the process.

Traditional variables include expectations for; PPAP/Quality, accounting/receivables,timing and scope of the molding/maintenance, raw materials, costing, shipping/receiving, purchasing/production control, mold assembly and mold set-up, tool design and engineering, and most importantly the role of project management. Transfer tooling requires you to expect the unexpected.

Responsive moldmakers and molders have identified a clearly defined path that receiving transfers will take. Some short-term thinking companies will strategically rush the process to get a supplier to commit to delivery and final pricing before all of the skeletons are out of the closet.

This is a dangerous situation that only assures that the molds will be moved again soon. Most tooling transfers will occur in response to a dire situation and present the need to quickly move assets to a more stable supply system. This is where responsive customer service and opportunity can fill the pipeline.

Action plans start long before the molds begin arriving at the dock and constant communication is in place. The following list is not all-inclusive but provides for a foundation of success. Flowcharting your process before you consider taking on transfer tooling and defining the specific communication requirements for each stage of progress is recommended.

The variables are endless. Volumes tend to be much lower or nonexistent than estimated. Resin procurement then becomes a key issue for minimum order quantities, delivery schedules, mold maintenance and storage and more importantly—profitability.
Progress reports serve as a good resource in managing each tool as a project with the project manager controlling proactive handling of paperwork, runners, sample parts, part prints, tooling prints and communication.

Approximately 30 percent or less of transfer tools will come with drawings. Half of those are old paper drawings with CAD models rarely provided. Reestablishing optimum molding processes through scientific molding principles is essential. Melt channels or material feed systems in older tooling are likely poorly balanced which create added challenges for quality, productivity and big headaches. For OEMs moving tooling and relocating molds to a financially sound, full-service moldmaker and molder is the first step to ease the pain.