At MF Supply, we spend 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, without sacrificing quality.
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We had a customer who was bidding on a job for subassembly for a Defense Department manufacturer. Their bill of materials called for a floating insert in 8286 steel with an OEM part number: KNKDL428JT.
This part is an Alcoa part that would not have been delivered for over 29 weeks – that’s more than half of a year! Not only would these parts take way too long, but they were also very expensive.
Functional Equivalents for Keenserts
- Note: Supplying us with your print is extremely important so that we can determine the internal and external threats, the material in all of the specifications for this key locking insert.
We went to our manufacturer, who was able to provide this part in five weeks with full certifications and a certificate of conformance certifying that it was a functional equivalent to the KNK part.
Why Choose MF Supply for Functional Equivalents?
By providing the functional equivalent, we were able to shorten the delivery time from 29 weeks down to five weeks. We obtained a cost savings of 59%. Our customer won the job. Their work was completed on time. The job was more profitable due to the cost savings. The manufacturer was able to pass those savings on to the end-user, and the job has been a repeater, and it’s been profitable for everyone involved.
If you find yourself in this situation and you’d like to evaluate if a functional equivalent is available for your application, or if you’d like to explore if you can save time and money while maintaining quality by using functional equivalence, our team is here for you!
Learn More About MF Supply
We specialize in hardware solutions for many industries! If you have any questions about our products, please contact us today and continue to explore our website.
You can also read about other case studies for functional equivalents here:
- Brand Equivalent Case Study: Achieving faster delivery & lower costs using functional equivalents
- Case Study: Smart Manufacturers use Brand Equivalents to Save Time and Money
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!