Spreadsheets have inherent limitations that prohibit companies from consistently producing cost estimates quickly and accurately, resulting in lost business, reduced revenues and lower than desired profits.
Costimator, the manufacturing industries leading database-driven cost estimating software solution for over 35 years, contains numerous functional advantages over spreadsheets, which enable our 1,700+ customers to generate fast, accurate cost estimates every time.
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Costimator vs. Spreadsheet Comparison Guide
MTI Systems is the developer of Costimator Cost Estimating Software and provider of Should Cost Estimating Services for the manufacturing industry. Our solutions enable Job Shops, OEMs and Engineering Firms to quickly develop product cost estimates with a high degree of accuracy and consistency.
Fast, Accurate, Consistent Cost Estimates and Quotes... Every Time!
A recent survey found that over 92% of all manufacturers develop cost estimates and quotes based primarily on experience alone.
The biggest challenges reported in the survey:
- Lack of consistency between estimators- 73%
- Poor quoting throughput- 67%
- Inaccurate cost estimates- 56%
“We were facing a lot of challenges in terms of consistency and efficiency of our quotes... Costimator has allowed us to maintain and enhance our targeted profit margins without increasing the burden on the customer. Win-win relationships are what you always hope for, and Costimator has certainly helped us in that regard.”
- Shane Goerzen, Sr. Design & Tech Support Supervisor, Kitchen Craft
“While the increased accuracy helped us win new orders, overall, we’ve seen about a 30% increase in our turnaround times using this software. Faster response means happier customers and the ability for them to make decisions more quickly.”
- Rick Clark, Estimator, Detroit Tool Metal Products
“The final puzzle piece was finding a consistent platform for multiple users so everyone was singing from the same sheet of music ...With Costimator we saw that it came filled with virtually every machine available with the manufacturers recommended feeds and speeds. Now, simple & complex parts are quoted systematically and quickly with a high degree of accuracy.“
- Kevin Graff, Director of Operations, Mattson/Witt Precision Products, Inc.