Do These Cost Estimating and Quoting Issues Sound Familiar?
The majority of suppliers develop set-up and cycle time cost estimates based on experience, which can lead to:
- Quote inconsistencies from estimator to estimator.
- Similarly quoted parts that have wide cost variances.
- Fluctuations in accuracy, resulting in lost bids or loser jobs.
- Customers that lose faith in the quotes being submitted.
Suppliers are forced to use experienced personnel to do their quoting, taking valuable time away from their main responsibilities and increasing your labor costs.
Your current cost estimating and quoting method takes too long, at times causing you to be late or even miss RFQ deadlines. This can result in lost business and unhappy customers.
“Instead of taking six months to train estimators on the ins and outs of our business, all the necessary ‘tribal knowledge’ is built into the database and the cost models, making it possible for a layman estimator to hit the ground running… we’re now calculating intricate, detailed jobs in a minute or two.”
- Shane Goerzen, Sr. Design & Tech Support Supervisor, Kitchen Craft
More of your customers are requiring detailed back-up information to rationalize the quotes you are providing. If this information is not available (because estimates are being done by gut feel), your customers will quickly lose faith in the quotes being provided, causing them to look to other suppliers to source their parts.
Your current spreadsheet or homegrown cost estimating software has one or more of the following issues:
- It’s complicated and difficult to use.
- It is no longer being supported.
- No-one knows the underlying data being used to generate the times/costs.
- The data cannot be easily modified.
- It lacks data-integrity protection.
Costimator Can Provide the Answer You’re Looking For:
"Since the installation of the Costimator system, we have become master machine shop estimators! It was quite easy even for an individual whom had absolutely no hands on experience in machining."
- Teri Lerew, President, Aerofab
Costimator uses a standardized, centralized cost estimating software platform where every estimator is accessing and using the same costing information (cost models, time standards, labor rates, material pricing, etc.) to quickly generate a consistent, accurate cost estimate.
The system can easily be calibrated with the knowledge of your experienced personnel so that less experienced personnel can generate quotes with the same level of accuracy, but at a lower labor cost.
Costimator provides estimators with a simple to use software platform that requires minimal user input. The system also allows users to set up master templates (as well as utilize previous quotes) to speed up the estimating process even more.
Upon completion of the estimate the software generates a number of detailed time and cost reports, such as a process plan, routing, cost estimate, a multi-level BOM and a customer quote.
Costimator provides all the tools a supplier needs to overcome the many cost estimating and quoting challenges they face every day.
Learn How Costimator Works