Hardware Functional Equivalents and Sourcing ExpertsPosted: December 2, 2020 Filed under: Brand equivalents | Tags: Functional Equivalents, Hardware, Keenserts 1 Comment
At MF Supply, we spent a lot of time sourcing hard to find, back ordered, expensive, or out-of-stock OEM hardware brands. We do this in order to save money and to reduce long lead times for our customers.
Just like in the pharmaceutical world, where there are brand names that everyone knows, there are also generic brands that are functional equivalents. This is true for the hardware industry too!
What is a Functional Equivalent?
Some brand-name fasteners are also available as functional equivalents, also referred to as crossed, generics, or alternatives. These are parts that are the same in form, fit, function, material, and specifications as the brand name.
Functional Equivalents Examples and Case Studies
Below are two case studies showing how using functional equivalents has saved a lot of manufacturers a lot of money and time.
Case Study: Precision Shoulder Screw Functional Equivalent
In this case study, you can learn more about precision shoulder screw functional equivalents.
Case Study: Keensert Functional Equivalents
In this case study, you can see that smart manufacturers use brand equivalents to save time and money!
Should You Use Functional Equivalents?
On our website, we offer some of our different product reference charts that actually show you the different part numbers that all our functional equivalents.
Check it out here!
Four Point Check Checklist
- Check your BOM- Does it call for an OEM brand?
- Are the Lead Times going to hinder your timeline? Will having the part sooner improve the delivery of your final product.
- Will your supplier provide you with the certificate of conformance to certify that the part is a functional equivalent to the original brand you are looking for?
- Will saving money help you be more competitive in your market?
Learn More About MF Supply
If you are interested in learning more about saving time and money with functional equivalents, contact us at MF Supply today!
Very interesting article, very informative for me. Thanks.