the
Stuart McElrath Company
since 1994
   
 

 
 
 
The Stuart McElrath Company can provide Conceptual Cost and Feasibility Studies to help customer explore alternative manufacturing processes.
 
 
 
Conceptual Design Study
Conceptual design is the very first phase of design.  The conceptual design provides a description of the proposed system in terms of a set of integrated ideas and concepts about what it should do, behave, and look like, that will be understandable by the users in the manner intended.
 
Conceptual Design Steps     Fact Gathering
Process Flow
Design Layouts
Refinement
Implementation
 
The Stuart McElrath Company can work customers on Conceptual Design Studies for projects such as cost reduction, modernization and process changes.  A typical Conceptual Design Study consists of, but is not limited to, the following:
 
Conceptual Design Study     On-Site meetings with the management staff
Prepare existing facility drawings
Contact vendors, contractors, & public officials
Prepare a proposed system/process schematic
Provide a project report with recommendations, costs, drawings
 
Typically, SMC will come on-site and meet with the customer and the management staff. While on-site, SMC will attend meetings and prepare layouts of the existing facility to be use in the making conceptual layouts. On the customer’s behalf, SMC will contact various vendors and contractors to accumulate equipment proposals and costs. Propose system schematics will be prepared so that the customer can better visualize the propose layout and written reports. Finally, a written report, along with the conceptual drawings will be provided by SMC on the goals and recommendations on of the project in question.

Foundry Cost Study
The Stuart McElrath Company can provide a Foundry Cost Study to help foundry management determine actual costs based on present operations. Typically done as part of a Feasibility Study, a Foundry Cost Study will allow important decisions to be made about the foundry's future; ranging from capital improvements and facility additions to complete manufacturing relocations.

A complete Foundry Cost Study includes written documentation (i.e. a written report, spreadsheets and drawings) and will consist of the following:
 
Cost Study Contents Scope
Summary
Production Statistics
Historical Data
Present Labor Distribution
Present Operating Costs
Recommendations
 
Feasibility Study
The Feasibility Study is a combination of a Conceptual and Cost Study with payback on a proposed capitol investment. This study will allow important decisions to be made about the foundry's future; ranging from capital improvements and facility additions to complete manufacturing relocations.

The Goals
When a foundry is planning a capital expansion it generally has one of two goals:
 
  Significantly Increasing Production without Impacting Product Costs
  or
Maintaining Existing Production and Reducing Production Costs
 
Either one of these two goals can be accomplished once existing costs are documented (see Foundry Cost Studies), and proposed costs (based on proposed production changes- i.e. new equipment) are calculated.

The Study
The goal of the Feasibility Study can be summed up in a the following simple formula:
 
  Existing Costs minus Proposed Costs equals Project Feasibility
 
The Basis for
The Feasibility Study is undertaken with the help of the customer’s key personnel and examines all operations - technical and financial - from raw materials to the shipment of castings.

A complete Feasibility Study includes written documentation (i.e. a written report, spreadsheets and drawings) and will consist of the following studies:
 
Conceptual Design Study     On-Site meetings with the management staff
Prepare existing facility drawings
Contact vendors, contractors, & public officials
Prepare a proposed system/process schematic
Provide a project report with recommendations, costs, drawings
 
Cost Study Contents     Scope
Summary
Production Statistics
Historical Data
Present Labor Distribution
Present Operating Costs
Recommendations
 
 Feasibility Study  Contents     Proposed Labor Distribution
Proposed Operating Costs
Proposed Facility Description
Proposed Facility Layouts
 
All studies are approached on the basis of the customer's needs and objectives. They provide management with all necessary facts for making a final decision on the feasibility of the project.

The Report
A comprehensive and detailed report is submitted to management which includes general arrangement drawings and evaluates all aspects of the projects feasibility on a step-by-step basis.

Cost estimates are established for the necessary facilities, equipment and installation. These estimates, taken together with projected operating costs, are used to determine the Return On Investment for the project.