Cold forging is a special type of forging process in which metal is forced to flow plastically under compressive force into a variety of shapes in room temperature. Gear blank, which is produced by cold forging, is concerned with the production method of transmission gear. Based on the results of simulation of the current four-stage process, the gear blank forging process for improving the conventional process sequence is designed. The rigid plastic finite element analysis for improving the conventional process. The new process consists of three stage operations with one annealing treatment after first operation. Based on the results of simulation of the proposed process, a required equipment could be selected. The new designed process appears to be more economical in producing the gear blank.