2.4.1 Total Cost in Material Selection In many cases, economic selection among materials cannot be based solely on the costs of materials. Frequently, a change in materials will affect the design and processing costs, and shipping costs may also be altered. Care should be taken in making economic selections between materials to ensure that any differences in shipping costs, yields, or resulting scrap are taken into account. Commonly, alternative materials do not come in the same stock sizes, such as sheet sizes and bar lengths. This may considerably affect the yield obtained from a given weight of material. Similarly, the resulting scrap may differ for various materials. In addition to deciding what material a product should be made of, there are often alternative methods or machines that can be used to produce the product, which, in turn, can impact processing costs.

What could be the factors affecting the cost of materials that one should consider?

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