When it comes to choosing the right winding wire supplier, businesses often rely on their procurement department. They get quotes from multiple vendors and choose the one with the lowest invoice price. Do you think this is enough? Is it the correct value proposition for your company?
Let us analyse this in detail.
Invoice Price of Winding Wire – a Deciding Factor
Enamelled winding wire (or magnet wire) is one of the core components in all electrical appliances. And often, the volume of enamel wires required for your product manufacturing can be in tonnes.
And since the volume is huge, opting for a manufacturer quoting a lower winding wire price can give you cost benefits upfront. But the long-term implications of that may not look attractive at all.
For example, the quality of such low-priced winding wire may be causing frequent warranty failures of your product. This could affect customer satisfaction and hamper your brand perception.
Or maybe at other times the shipping and handling are not very professional. Thus, leading to unnecessary wastage – adding up to your actual cost.
So, to calculate the real value offered by a magnet wire supplier, the buyer must evaluate quality mindedness, technology mindset, financial strength and ability to upgrade, systems and product quality being offered, rather than just the invoice price. Although most companies have an SQA department, it is seldom working genuinely and additional measures taken by the manufacturer are often neglected and valued.
Winding Wire Price – What is the value offered?
A winding wire cost-value can be split into –
1. Raw Material Cost
Conductor cost –
The price of pure copper and aluminium conductors is higher than recycled ones.
Using pure or virgin conductors in winding wire manufacturing gives wires the perfect electrical conductivity, making your motors highly energy efficient.
Enamel Cost –
The presence of impurities in enamel raw materials can affect the electrical and thermal properties of the winding wire. It can lead to frequent repairs and damage, and even warranty failures affecting your brand reputation. In addition, the enamel is a component where the evaluation of quality is very difficult as the impact may be visible after long-term use and failure on the field.
On the other hand, magnet wires made using high-quality enamel meet desired specifications and offer damage resistance.
Using winding wires made using good quality copper/aluminium and enamel can make your product highly efficient, consumes less energy and give long life to the motor. This in turn empowers you to offer a longer warranty and get a higher energy rating.
Pro Tip – Check with your winding wire manufacturer where they are sourcing their raw materials from.
Here is where Geekay winding sources our raw materials from.
2. Manufacturing Cost
High-quality magnet wire manufacturing involves the usage of the best technology and high-precision machinery. A world-class infrastructure with processes and systems in place, make winding wire manufacturing very efficient. Likewise, the use of state of art wire drawing machines and ovens for curing, helps make the finest quality winding wires.
Also, with the net zero carbon emission pledge, energy used for the manufacturing of winding wires also matters. At Geekay we source 40% of our electricity requirements from renewable energy.
Pro Tip – Visit the manufacturing facilities of magnet wire manufacturers to have a fair idea of the manufacturing quality.
Check out the latest winding wire manufacturing technologies used at Geekay.
3. Quality Control Cost
Accurate testing equipment to inspect the quality of the enamelled winding wire at every stage of the manufacturing process ensures the quality of the wire as specified. Concentricity, tan delta, pinhole testing etc are some of the key quality testings’ done to ensure the magnet wire quality during manufacturing. [Also Read: Type of Tests for Enamelled Winding Wires]
Conforming to various industry standards like IEC, UL, VDA etc affirms the consistency in quality during manufacturing.
Pro Tip – Check out our quality control measures adopted by the winding wire manufacturer.
Here are the quality standards, quality control, quality certifications and process followed by Geekay.
4. Packaging Cost
Based on your production requirement, the winding wire spool and reel sizes can vary. And good quality packaging ensures that the wires are intact – protecting the main features of the enameled copper wire and its insulation properties. A low-quality packaging puts the winding wire at risk, and the damaged wires end up as a wasted resource.
Pro Tip – Check with your magnet wire supplier on the packaging options.
At Geekay, we offer customised packaging, following industry-approved standards, that ensures the ‘minimum safe bending radius’ of the wires is not affected during packaging. We also offer after-sales support to help you with the best winding practices to maximise production efficiency.
5. Shipping and Handling Cost
Reliable shippers are needed for winding wires to ensure timely delivery and zero damage during transit. Also, based on how far from the manufacturing facility the wires need to be delivered, the cost of winding wire can vary. If your volume permits, it is always advisable to opt for a full truckload. This ensures delivery straight to your factory and rules out mishandling by any third party.
Pro Tip – Check out the shipping options at the winding wire manufacturer.
Having a wider supplier network, strategically placed manufacturing facilities and tie ups with reliable shippers help Geekay winding to keep the shipping cost reasonable.
As you can see, a low price of winding wire indicates a compromise on any of the above values offered.
Low-Price Winding Wires – How does it affect your brand?
A low-price winding wire falls short at some point in the value proposition.
- Compromising on the quality of raw materials can make the winding wires not meet the required specification. This could make your product not function as expected or affects its life span.
- Not having proper quality controls at the manufacturing facility can cause magnet wire to have minor defects. Using such wires for your products can cause frequent repairs, product recalls or warranty failures to the customer. This will hamper customer satisfaction and distorts your brand perception. And one such faulty product could eventually affect the sales of similar products in your portfolio.
- Poor-quality magnet wires may not be bendable and easily break during winding, due to elongation low. Often, wires that are rejected add up as material wastage. All these in turn make the actual copper or aluminium winding wire cost per kg go higher than the invoice price.
- Low-price magnet wire manufacturers often offer negligible after-sales support. You might miss out on the best practices to be followed, thus causing time delays in winding installation.
Thus, fair pricing of winding wires should be judged based on low cost than a low price.
Low Price vs Low Cost – How does it differ and what is beneficial in long term?
As you just saw, Low price refers to the initial purchase price of the wire without considering the long-term cost. A low-price winding wire may be cheaper initially, but it may have a shorter lifespan, or may not meet your specific needs and requirements.
On the other hand, Low cost refers to the total cost of ownership over the life of the product. This includes not just the initial purchase price, but also factors such as the quality of the wire, service and support, delivery time, and compliance with safety and industry standards. A low-cost winding wire is one that has a reasonable price and offers good value for the money over its lifetime.
Hence choosing a winding wire supplier providing a low cost is most beneficial for your business. Geekay is an established copper and aluminium enamelled winding wire manufacturer, using best-in-class manufacturing practices and quality control measures to provide you with the right value.
Here is an animated video from Geekay on how choosing the right Winding wire manufacturer can offer you lower landed costs.
Check out all details about our copper and aluminium winding wires –
Get in touch with us with your winding wire specifications for a price quote and samples.
What Our Clients Say
We partnered with GK Winding starting October, 2020 & have found in them a partner that believes in developing a win-win relationship for the long term. Their product quality is superior to most suppliers & has helped us bring down our rejection rates & the team is extremely knowledgeable & works with us on various quality improvement / value engineering exercises. We would highly recommend them to our customers looking for
a winding wire provider.
G.K.Winding have successfully made the transition from a home grown family business to a modern system oriented company approaching World Class.
G. K. Winding Wire is a business partner for Elin rather than an ordinary vendor. They are professionally managed and very particular about the quality & delivery. Such service is an example of transparent working culture and gearing up for ahead challenge. They are efficient with effectiveness. Good luck to GK for their bright future.
You have been our supplier partner for the drawn-copper-wires since a long time and one-of-the-best at that. I must mention that you have been very proactive in resolving any issues that had come up and appreciate the best results in the recent past. You and your team has built the confidence for us to hold you in great esteem and consider you as our elite supply partner! Just to mention, we appreciate that you are maintaining a 100% FTPR consistently! This is superb! Please convey my gratitude & appreciation to all the employees of GK Winding Wires.