One thing estimators and investment thinkers like about Costimator® cost estimating software is the database feature.
This is because… one of the biggest and most costly problems associated with any data-detail oriented task requires quick and easy access to data. Otherwise, significant time is spent preventing inaccuracies and inconsistencies.
Estimators need to quickly retrieve information that has already been determined and decided on, else they end up spending countless hours collecting the same answers – time and time again.
For example quickly and accurately retrieving the information that determines how much manufacturing time it takes to drill a ¼” round hole through ½” thick material such as, aluminum, steel, or plastic.
While many-seasoned estimators have a close enough approximation in their head and can be reasonably successful in guesstimating very quickly a close enough answer, their life expectancy and employment days are numbered. Seasoned estimators are retiring and the information in their heads about speeds, feeds, material properties, and finishing, as they relate to manufacturing in their company, are going with them.
What is a solution? Implement software that can store that data.
That is right… estimating and costing software that utilize a database, is a solution that can easily and consistently help manufacturers. For example, for those estimators who do not have all that critical data in-their-head and for manufacturers who know they want (or need) to be more precise in order to increase their competitiveness.
First off, there are a wide variety of simple features and benefits that are easily “assumed” when considering software. Failing to mention some of these basic features unjustly leaves some immediate time saving benefits – off the table. Benefits such as speed, accuracy, consistency, and more… achieved by using features such as:
- Drag/drop/copy/paste – offering incredible speed, assuring accuracy and consistency.
- Instant reports – saving time, delivering professionalism, enforcing consistency.
- Import/export – saving time, assuring accuracy by preventing transposition errors.
- Automatically generates quotes, routing, and process plans – Consistent awesome time savings
- Drop downs, quick select lists – more of the same as above
- And more…
But why is the database feature a golden bullet? Most data oriented software includes a database. For estimators, who use Costimator this feature becomes the data repository for 1000’s of manufacturing details and data. What this means is that both the data shipped initially with the system and the data entered during setup and “continued use” can easily be searched and accessed, quickly offering estimators consistent and accurate information. Having easy access to data, with the ability to add and modify existing or new data offers manufacturers an increasing ability to be more competitive.
Register for a demonstration of Costimator and explore how using a database can be your estimators golden bullet.
Its official, October 3, is now “National Manufacturing Day” as proclaimed by the President of the United States.
According to mfgday.com, the President proclaims that more than 1,600 American manufacturers will open their doors and take up the important work of inspiring our young people to pursue careers in manufacturing and engineering. View the entire proclamation.
Manufacturing has been set to rebound in America indicated by the recently increasing reshoring efforts. Additionally, the manufacturing industry has been affected by increasing shipping and foreign labor rates, as well as the recent tax incentive changes to encourage inshore manufacturing as opposed to offshore activities. America returns to show its resilience.
Explore other 2014 proclamations made by U.S. states and city’s making note officially of days, weeks, and months:
- Mayor Sandy Sanders, City of Fort Smith Arkansas
- State of Arkansas
- City of Pomona
- State of Colorado
- State of Connecticut
- United States Of America
- Board of Commissioners Hernando County, Florida
- Pasco-Hernando State College
- State of Florida
- City of Loves Park
- City of Machesney Park
- City of Rockford
- Village of Roscoe
- State of Illinois
- County of Winnebago
- State of Kansas
- State of Maine
- State of Mississippi
- City of Las Cruces
- City of Santa Fe
- State of New Mexico
- State of New York
- City of Olean
- City of Schenectady
- City of Cincinnati
- Mayor John A. McNally
- City of Pryor Creek
- Cherokee Nation
- City of Redmond
- Wasco County Board of Commissioners, Oregon
- Pennsylvania House of Representatives
- City of Pittsburgh
- Board of County Commissioners of Lycoming County, Pennsylvania
- Commonwealth of Puerto Rico
Manufacturing and Cost Estimating software topics, comments, questions, or suggestions for this communication or future articles are always welcome? Please let me know… Jay Snow, Marketing Manager, Jay.firstname.lastname@example.org, 800 644-4318, www.MTISystems.com
MTI Systems just added Tube & Fiber laser cost models to its work center library in Costimator® - striving to help manufacturers keep up with new technology.
Saving time for customers is one of our priorities as we provide an effective estimating solution for manufacturers worldwide, for example as our team adds manufacturing data such as work centers to the database library.
Automat, a ferrous wire industry supplier from Barcelona, Spain, selected Costimator® should cost estimating software to help them lower the price of parts they buy. They have been effectively using this “should cost” estimating software since March of 2010 and, since then, have realized that overall profits have increased by 20-40%.
Read their case study, “Costimator Should Cost Software Increases Profits for Automat” and learn why Automat selected Costimator software. →']);" class="more-link">Continue reading
Download Article: Beyond the Abacus “How Cost Estimating Software Saves and Makes Your Business More Money”.
Noted journalist Kelly Richardson reports in this article “Beyond the Abacus”, on how cost estimating software is helping manufacturers win more jobs and become more profitable.
Many manufacturing suppliers and OEMs relate “shoring” terms, such as offshoring, reshoring and nearshoring, as strategic ways to be more competitive – specific to estimating the cost for the parts the make or buy.
The decisions they stimulate are inclined to reduce manufacturing costs, increase part quality and improve the delivery of parts and products for competitive advantage – a.k.a. more profit. →']);" class="more-link">Continue reading
MTI Systems, Inc., worldwide developer of cost estimating software for manufacturers, announced today their support to the FIRST Tech Challenge robotics club, “MIGHTY Mechanics” (Agawam, MA) – striving to help inspire students interest towards a manufacturing career.
Press Release as featured on PRweb.
“MTI Systems Expands Costimator Support to Include Ongoing Cost Estimating Software Training at No Cost” – press release posted on PRweb.
Press release summary: MTI Systems is offering free training classes to improve the software proficiency of their customers that use Costimator®—the company’s leading-edge cost estimating, quoting and process planning software. These sessions will be offered at MTI headquarters—with plans to launch additional training sessions on the Web. →']);" class="more-link">Continue reading
Alberto Lozano, Owner and President of Alpa Precision, L.L.P, a Houston manufacturer recently shared some of their estimating success since they started using Costimator® cost estimating and quoting software.
They use a variety of CNC and EDM machines and manufacture prototype part jobs, as well as production jobs from all sectors of the energy industry. They also specialize in exotic metals such as Inconel, Titanium and MP35.
“MTI Systems Adds New Cost Models for Machining & Sheet Metal Fabrication Shops” – press release posted on Prweb.
Press release summary: MTI Systems, Inc. has announced the addition of 24 new cost models to their recent V12.1 update of Costimator®. This update benefits cost estimators with more speed, accuracy, and consistency as they use the company’s flagship cost estimating software product to estimate and quote manufactured parts. →']);" class="more-link">Continue reading