Industrial enterprises increasingly demand optimum quality of products keeping in consideration a strict adherence where forming parameters are concerned. As far as incorporating the vital forming process upon an assortment of materials is concerned, it has grown excruciatingly challenging for industrial enterprises for laying out the adequately precise and suitable parameters. The flaws that are engendered during the process of sheet metal forming are inevitable. Flaws of this nature can be, however, kept within minimal proportions by introducing variations into the process parameters by Trial and Error methodology. This evidently results in a subsequent financial loss, not to mention an irrevocable loss of time and material. Dynaform simulation of defects combined with optimization is carried out with the help of Minitab. This method, as can be conjectured with considerable ease, yields optimum results, for it replaces much to our convenience the need for specialist industrial expertise besides leading to considerable savings in cost, time and material. This study would optimize the SS304sheet metal forming parameters FLD, thickness and thinning with three input parameters, namely, the lower binder force, tool travel velocity and binder close velocity.