Metal Fabrication

Industry Description

The fabricated metal industry, SIC Group 34, covers establishments engaged in fabricating ferrous and nonferrous metal products including tools, cutlery, general hardware, fabricated structural metal products, metal forgings, metal stampings, and a variety of metal and wire products. Metal fabrication is distinct from the primary metals industry, SIC Group 33, which smelts and refines metals from ore and scrap, and which manufactures basic metal products by casting, rolling and alloying.

Companies in the industry are executing cost-cutting measures, including plant shutdowns, inventory reductions and efficiency improvements. One source of efficiency improvement is modern technology. Recent advances in software technology and computational power have made it possible for fabricators to run extremely complex modeling simulations in a reasonable amount of time. Benefits attributed to running simulations include more accurate price quoting, faster time to market, easier troubleshooting, and improved product quality.

Applicable SIC Codes

• 332 – Fabricated metal product manufacturing

Critical Requirements

Metal fabrication manufacturing companies should evaluate the following Critical requirements:

ERP Vendors

Metal fabrication manufacturing companies should evaluate the following Vendors: