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Net-shape and near-net-shape forging

This process is also known as precision forging. It was developed to minimize cost and waste associated with post-forging operations. Therefore, the final product from a precision forging needs little or no final machining. Cost savings are gained from the use of less material, and thus less scrap, the overall decrease in energy used, and the reduction or elimination of machining. Precision forging also requires less of a draft, 1° to 0°. The downside of this process is its cost, therefore it is only implemented if significant cost reduction can be achieved.