Spring 2006 Newsletter

In the News...

MTI Systems Announces Upcoming Release of Costimator OEM V8.0
The new V8.0 software upgrade features a significant expansion of the program's knowledge databases, enhanced reporting capabilities and new import / export functionality.

Lenovo Automates Cost Analysis with Costimator OEM
Lenovo is using "should-cost" modeling from a software program to reduce costs for personal computers...

MTI Systems Confirms Six New Contracts With Major Manufacturers
MTI Systems Inc., the leading provider of innovative cost estimating software solutions for manufacturing, confirmed today that it has secured six new contracts...

Employee Profile...

Peter Ells, Applications Engineer Pete joined MTI Systems 3 years ago. He currently heads up our support department while also playing a key role in new product development. He is a certified Windows programmer with a degree in Computer Programming & Analysis. He enjoys flying small planes, water skiing and SCUBA diving. "My most rewarding moments", Pete says, "are when customers upgrade to a new version and tell me how much a new feature I helped develop is having a positive impact on them and their business in some way."

Did You Know...

...that Costimator can import a BOM from a text file or from an Excel Spreadsheet. The information is then placed into Costimator's Project Manager where it can be estimated. Prices from made (estimated) or purchased (nuts, bolts) parts already in the Costimator database will automatically get pulled into the BOM. Those parts that do not appear in the database are now ready to be estimated. The user can toggle between the project and part views.

To Answer Your Questions

Q: Where does the data within Costimator (Work Centers, Material, etc.) come from?

A: The majority of the data that resides within Costimator comes from the over 900 customers that we have implemented the system in during the past 24 years. The balance of the data comes from industry resources (books, studies, leading companies) and research done by MTI Systems' Process Engineers.

Q: What is a typical timeframe for implementation?

A: For an average sized supplier 3 days of training, which includes your system set-up, is a sufficient timeframe for implementation. For OEM's training multiple commodity groups we recommend our 5 day training program.

Do you have a question for us? If so, click here.

Customer Spotlight...

"Contract bidding and the art of fast and accurate cost estimating are more crucial to a company's profitability now than ever before. We rely heavily on our Costimator® computer-aided cost estimating (CACE) system to produce accurate bids for competing effectively."

- Chris Lobdell, President