Posted by Mike Poole on 28/06/2022 13:38:21:
If we sat down with a clean sheet of paper and and a head full of modern manufacturing a Myford would not be the machine we would make today…
Mike
Myford dropped a bomb on other British lathe makers just after the end of WW2 with a well thought out design that fixed a multitude of small irritations, was perfectly sized for small workshops, and above all was affordable. People had to stretch to them, but large numbers of men had recently left the armed services with a gratuity and a trained interest in machine tools. Small irritations in the competition included things like no safety guards, the need to add your own motor and electrics, high prices for what you got, limited accessories, long queues before delivery, and the cheaper models were crudely made. At the same time second-hand industrial machines in good condition commanded high prices, were in short supply, ran on hard to get 3-phase electricity, and amateurs could only afford machines completely trashed by old-fashioned industry. And although Myfords were made down to a price, the price was quite high, making them extremely attractive!
Mike's point is spot on. Not much wrong with Myford lathes except they must be labour intensive and expensive to make. Too expensive! Not good when competing with alternatives available in various sizes, with modern features, and sold for seriously less money.
Old Myford failed by failing to make money selling new machines. I guess New Myford looked carefully at Old Myford's accounts and have succeeded since by dumping all the expensive low profit aspects of the old business, by building on what was profitable – spares and refurbishing – and by applying streamlined sales and supply systems.
I feel Myford were let down by their customers too: too many Model Engineers lusted after 'quality' as exemplified by outdated high-cost low-productivity methods, but refused to pay for it. Chances are if you own a Myford lathe it was bought second-hand, and the purchase did nothing to keep Myford afloat.
Manufacturing is brutally competitive and failing to deliver at prices customers are prepared to pay is soon fatal. All engineers should be made to study economics, especially those who hold the subject in contempt.
Good luck to new Myford, whatever their business methods. Profit making is far more important than well meaning but financially naive techies producing lovely kit at a loss, even if they have wonderful skills, do everything in-house, and start with only the best raw materials.
Dave