Sheet metal forming is an important technology in manufacturing, especially in the automotive industry. Today, engineering simulation tools based on the finite elements method are employed regularly in the design of stamping dies for sheet metal parts. However, a bad material model choice or the use of nonaccurate enough parameters can lead to imprecise simulation results. This work uses ANSYS LS-DYNA software to analyze several material models and the influence of their parameter values in FEM simulation results. The main tool to solve these problems is an application designed to assist die stamp designers. The program allows a procedure to be defined to obtain the values of the properties of an unknown material, which combines finite element simulations with real experimental results. Results obtained for the simulation of a real automotive part are analyzed and compared with the real experimental results. Parameters involved in each material model have been identified, and their influence in final results has been quantified. This is very useful to fit material properties in other simulations. This paper fulfils an identified need in the manufacturing industry. In fact, the proposed application is currently being used by a manufacturer of automotive components.