Power of Standardizing Processes in Manufacturing

Power of Standardizing Processes in Manufacturing

In the manufacturing industry, process consistency and operational efficiency are paramount. One of the most effective strategies to achieve these objectives is the standardization of processes. By implementing standardized procedures, manufacturers can achieve quicker changeovers, reduce error rates, and enhance communication within their operations. MTI Systems’ Costimator software provides the necessary tools to facilitate and maintain these standardized processes.

Quicker Changeovers – Standardized Processes

Standardized processes significantly reduce the time required for changeovers, including part routing. When procedures are consistent and well-documented, operators can switch from one task or machine to another with minimal retraining or adjustment periods. Costimator supports this by enabling the creation of 3DFX part templates that always pull from the same pool of machines and processes. Consequently, every part estimation utilizes consistent settings and parameters, ensuring minimized setup time and seamless transitions between different tasks.

Standardized processes significantly reduce the time required for changeovers

Fewer Mistakes and Enhancing Efficiency with Costimator

Errors in manufacturing can be costly and time-consuming to rectify. Standardization mitigates these risks by providing clear, consistent guidelines for each step of the process. Costimator plays a critical role in this by eliminating discrepancies between estimators. The software uses a database-driven system to house all pertinent company information, such as speeds and feeds, tooling specifications, material costs, and work centers. This centralized database ensures that all estimators access the same information, significantly reducing the likelihood of errors and ensuring accurate, reliable estimates.

Errors in manufacturing can be costly and time-consuming to rectify.

Ease of Communication

Effective communication is crucial in any manufacturing environment. Standardized processes establish a common language and set of expectations that all team members can understand and follow. Costimator enhances communication by standardizing the estimating process across the organization. The use of 3DFX part templates and a centralized database ensures that all team members can easily access and share the same information, facilitating more efficient collaboration and reducing misunderstandings.

Moreover, Costimator, as a cost estimating software for manufacturing, provides completely customizable reports, enabling teams to generate detailed insights tailored to their specific needs. These reports further enhance clarity and ensure that everyone is on the same page.

The Role of Costimator in Standardizing Processes

The Role of Costimator in Standardizing Processes

Costimator’s robust features make it an invaluable tool for manufacturers seeking to Standardizing Processes: Enhancing Efficiency. By leveraging the software’s capabilities, companies can achieve:

  • Consistent Templates: Utilize 3DFX part templates to ensure all estimates are based on uniform parameters, leading to reliable outcomes.
  • Centralized Information: Maintain all critical data—such as speeds and feeds, tooling specifications, material costs, and work centers—in a single, easily accessible database.
  • Eliminated Discrepancies: Ensure all estimators use the same data, reducing the risk of errors and discrepancies in cost estimation.
  • Enhanced Efficiency: Streamline changeovers with standardized part routing and improve communication, leading to more productive manufacturing operations.

Powerful Strategy for Improving Efficiency 

Standardizing processes is a powerful strategy for improving efficiency, reducing errors, and enhancing communication in manufacturing. MTI Systems’ Costimator software provides the estimating and quoting tools needed to implement and maintain these standardized procedures effectively. By utilizing Costimator’s features, manufacturers can ensure that their operations run smoothly and consistently, resulting in better outcomes and a more competitive position in the market.

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Innovative Shop Rate Calculator Software Download

Shop-Rate-Calculator

Exciting news for the manufacturing sector – MTI Systems now provides a NEW Shop Rate Calculator for free! The meticulous task of setting accurate manufacturing shop rates has become a swift and straightforward process. This innovative shop rate calculator software download offers you an effortless way to set more precise rates for the myriad processes involved in your quotation. 

Guesswork and complicated calculations are no longer the backbone of an estimator. With MTI Systems’ Shop Rate Calculator, you can effectively manage and standardize your rates, ensuring an efficient pricing model. The software offers a cost-efficient way to generate more precise quotes, one that takes into account the full spectrum of manufacturing processes in real-time. 

Shop Rate Calculator Complexities

MTI Systems understands the complexities of setting accurate shop rates in the ever-evolving manufacturing environment. Thus, they developed the Shop Rate Calculator to keep pace with your dynamic needs. This game-changing tool could save hours of manual calculation, reduce errors, and increase profitability. Check out the NEW Innovative Shop Rate Calculator today and leverage the benefits of precise, streamlined rate setting in your manufacturing business. Get ready to experience a significant shift in the accuracy and convenience of your quotation procedures.

Invaluable Tool for Manufacturing Suppliers and OEMs

A Shop Rate Calculator is an invaluable tool for manufacturing suppliers and OEMs keen on refining their estimating strategy. Competitiveness is essential in today’s fast-paced, globally-connected business environment. Furthermore, the need for reliable tools like Costimator® or traditional estimation methods such as paper/pencil and spreadsheets becomes more pertinent. 

The marriage of a Shop Rate Calculator and these estimating methods allows stakeholders to gain an in-depth understanding of their cost trends. By accurately calculating hourly rates, businesses can strategically price their parts and services to retain their market edge while ensuring profitability. But the benefits don’t stop there. Transparency is another perk, boosting client confidence as they discern the value they are procuring. 

Whether you’re an ardent fan of Costimator®, or you’re more comfortable with simple spreadsheets, integrating a shop rate calculator into your operations can significantly impact your company favorably. This potent combination empowers you to swiftly analyze costs, make informed decisions, and enhance your offerings. It’s an innovative boulevard for manufacturers aiming for sustainable growth and competitiveness in an ever-evolving marketplace. Visit MTI Systems on Facebook.

Harnessing the Power of Industry-Validated Sheet Metal Fabrication Cost Models 

In an intensely competitive marketplace, the success of every sheet metal fabricator rests on the speed, precision, and consistency of their estimating process. This is where Costimator, brimming with Harnessing the Power of Industry-Validated Sheet Metal Fabrication Cost Models, fundamentally changes the game. 

Validated by sheet metal fabrication industry veterans, these standardized cost models offer unprecedented levels of accuracy, enabling businesses to confidently quote competitively while ensuring profitability. What’s truly groundbreaking about Costimator’s cost models is their ability to standardize and accelerate the estimating process. This, in turn, empowers businesses to submit more quotes, seize lucrative opportunities, and consequently, hike up their profit margins. 

Sheet Metal Fabrication Cost Models 

Offering a wide-ranging selection of cost models, Costimator is specifically designed to cater to the diverse needs of the sheet metal fabricating industry. From stamping, bending, and shearing to laser cutting and forming, these pre-engineered cost models cover all bases. 

In addition, the adoption of these industry-validated cost models in the sheet metal fabricating industry signifies a breakthrough, shifting from laborious, hit-or-miss estimation methods towards streamlined, dependable approaches. Capitalize on the Costimator’s cutting-edge cost models and redefine how you win jobs, boost profits, and outpace the competition.

Pioneering Tool in Manufacturing Estimation

Costimator, a pioneering tool in manufacturing estimation, simplifies the process of estimating costs associated with sheet metal parts and assembly. Equipped with hundreds of fabrication process cost models, it revolutionizes the way companies evaluate their manufacturing expenses. The real game-changer in Costimator is its 3Dfx tool which offers an innovative functionality for users with 3D models. 

The 3Dfx tool enables automated generation of manufacturing routings and cycle times, thereby maximizing efficiency and minimizing possibilities of human error. However, this feature not only streamlines the task at hand but also guarantees accuracy and precision in the estimates derived. The tool also eliminates the laborious process of manual data entry for cost models. This automated process not only saves considerable time but also ensures that high estimation accuracy is maintained without the risk of manual input errors. 

To sum it up, Costimator with its exhaustive range of cost models and the dynamic 3Dfx tool largely simplifies the task of cost estimation. It leaves no room for ambiguity, making it a highly dependable tool for manufacturing companies globally. It’s not just a tool; it’s a path to improved efficiency and profitability. Contact MTI Systems for more information. Be sure to visit MTI Systems’ Facebook page.

How Cost Estimating Software Enhances Estimating and Quoting Processes for Manufacturers

Enhance Quoting

In the highly competitive landscape of manufacturing, accurate and timely cost estimating and quoting are essential for success. The traditional methods of manual calculations and spreadsheets are no longer sufficient to meet the demands of modern manufacturing businesses. This is where cost estimating software steps in, revolutionizing the estimating and quoting processes. In this article, we will explore how cost estimating software significantly enhances estimating and quoting process for manufacturers, providing them with a competitive edge in the industry.

Enhanced Accuracy and Consistency

One of the primary benefits of cost estimating software is its ability to deliver accurate and consistent estimates. These software solutions leverage extensive databases of material costs, labor rates, and equipment expenses, eliminating the need for manual research and calculations. By automating these processes, manufacturers can significantly reduce the risk of human errors and inconsistencies. With reliable and consistent estimates, businesses can build trust with their customers. As always, you should avoid underquoting or overpricing, and ensure that projects are executed within the allocated budget.

Time Savings and Efficiency

Without a doubt, time is of the essence in the manufacturing industry. And, cost estimating software helps manufacturers save valuable time throughout the estimating and quoting processes. Instead of spending hours or even days manually preparing quotes, manufacturers can generate accurate estimates within a fraction of the time. The software streamlines the entire process, automating calculations, and providing pre-built templates and customizable features. By reducing time spent on estimating and quoting, manufacturers can allocate more resources to core business activities, such as production, customer service, and innovation.

Flexibility and Customization That Enhances Estimating and Quoting Process

Cost estimating software offers manufacturers a high level of flexibility and customization. Manufacturers can tailor the software to suit their specific needs, incorporating industry-specific parameters, pricing models, and project requirements. This flexibility allows businesses to create estimates and quotes that align precisely with their capabilities, pricing strategies, and customer expectations. The software’s customization features also enable manufacturers to include additional costs such as overhead, profit margins, and any special requirements, ensuring that their quotes are comprehensive and transparent.

Centralized Data and Version Control

Effective management of data and version control is crucial in the estimating and quoting processes. Above all, cost estimating software provides manufacturers with a centralized platform to store and manage all project-related data, including materials, labor rates, and historical cost information. This centralized repository ensures that all stakeholders have access to the latest and most accurate data, minimizing the risk of miscommunication and errors caused by working with outdated information. The software also allows for efficient version control, making it easy to track and compare revisions, ensuring transparency and accuracy throughout the quoting process.

Integration and Collaboration

Manufacturers often collaborate with various teams, including sales, engineering, and production, during the estimating and quoting processes. Cost estimating software facilitates seamless integration and collaboration between these teams. The software can integrate with other business systems, such as customer relationship management (CRM) or enterprise resource planning (ERP) systems, to streamline workflows and ensure accurate data exchange. This integration improves communication, minimizes errors, and accelerates the overall estimating and quoting processes.

Cost estimating software has become an indispensable tool for manufacturers seeking to improve their estimating and quoting processes. By harnessing the power of automation, accuracy, and customization, these software solutions enable manufacturers to generate accurate estimates, save time, and deliver compelling quotes to their customers. Embracing cost estimating software empowers manufacturers to enhance efficiency, increase profitability, and gain a competitive advantage in the dynamic world of manufacturing.

Learn more about Costimator.

The Power of Cost Estimating Software for Manufacturing

The Power of Cost Estimating Software for Manufacturing

Boosting Efficiency, Reducing Costs, and Securing Job Bids for Machining and Fabrication Companies using the Power of Cost Estimating Software for Manufacturing

In today’s highly competitive manufacturing industry, staying ahead requires precision, speed, and accuracy. Machining and fabrication companies face the constant challenge of delivering quality products within tight deadlines and budgetary constraints. However, the key to success lies in effectively estimating costs, managing time, and securing job bids. This is where the power of cost estimating software for manufacturing plays a pivotal role. By harnessing the power of advanced technology, these software solutions have revolutionized the industry, providing invaluable benefits that enhance efficiency, reduce costs, and increase the chances of winning job bids. In this article, we will delve into the reasons why cost estimating software has become an indispensable tool for machining and fabrication companies.

Enhanced Accuracy and Speed to Discover the Power of Cost Estimating Software for Manufacturing

Gone are the days of relying solely on spreadsheets and manual calculations for cost estimation. The introduction of cost estimating software has significantly improved accuracy and speed in the estimation process. These sophisticated tools utilize built-in databases of materials, labor rates, and equipment costs, eliminating the need for tedious research and repetitive data entry. With just a few clicks, manufacturers can generate detailed and accurate estimates, reducing the chances of errors and miscalculations. This efficiency not only saves time but also ensures that estimations are precise, instilling confidence in clients and enabling businesses to meet or exceed customer expectations.

Real-Time Project Insights

Cost estimating software provides manufacturing companies with real-time insights into project costs, labor requirements, and material quantities. This alone is a power of cost estimating software for manufacturing, but there is much more. By capturing and analyzing historical data, these software solutions enable businesses to make informed decisions, optimize resources, and identify potential areas of improvement. With access to accurate data at their fingertips, managers can monitor project progress, identify cost overruns, and implement corrective measures promptly. This real-time visibility allows businesses to streamline operations, allocate resources more effectively, and make data-driven decisions to deliver projects on time and within budget.

Streamlined Collaboration and Communication

Effective collaboration and communication are critical in the manufacturing industry, where multiple stakeholders, such as project managers, engineers, and procurement teams, work in unison. Cost estimating software facilitates seamless collaboration by providing a centralized platform for sharing project data, estimates, and revisions. This fosters better communication, minimizes misinterpretations, and ensures everyone is working with the latest information. By streamlining collaboration, machining and fabrication companies can reduce delays, resolve conflicts efficiently, and maintain a smooth workflow throughout the project lifecycle.

Competitive Bidding Advantage

In the highly competitive landscape of manufacturing, winning job bids is often the key to business growth and success. Cost estimating software empowers companies to create accurate and compelling bids by providing detailed cost breakdowns and comprehensive project proposals. The software’s ability to generate precise estimates quickly gives companies a competitive advantage, enabling them to submit bids promptly while adhering to client requirements and budgets. By presenting clients with detailed and transparent estimates, manufacturing companies can instill confidence, showcase their professionalism, and increase their chances of winning lucrative contracts.

Improved Cost Management

Cost estimating software not only assists in the initial estimation process but also facilitates ongoing cost management throughout the project. These tools enable businesses to track actual costs against estimates, monitor variances, and adjust budgets accordingly. By identifying cost-saving opportunities and controlling expenditures, manufacturing companies can maximize profitability and deliver projects within the allocated budget. The software’s reporting capabilities also help in providing detailed cost breakdowns to clients, enhancing transparency and trust between the company and its customers.

Conclusion

In the ever-evolving manufacturing industry, cost estimating software has emerged as a game-changer for machining and fabrication companies. By leveraging the power of technology, these software solutions enhance accuracy, speed up the estimation process, streamline collaboration. Learn more about how Costimator is a world class costing and quoting software for manufacturing.

Calculate Shop Rate Strategy

Calculate Shop Rate Strategy

FREE Tool to Calculate Shop Rate Strategy – From the Developers of Costimator

MTI Systems’ Shop Rate Calculator is a web-based application that calculates rates based on the inputs of direct labor, machine (work center) price and other factors.

Using this calculator, you can easily calculate your most competitive and profitable shop rate for any given job. You can also use this calculator to set up your own custom rate by inputting all the relevant information in the fields provided.

It is a powerful and easy-to-use tool that helps you calculate shop rate strategy, the optimum rate for your shop. Get ahead of your competition, add price conscious shop rate to each process.

Most manufacturing suppliers choose to use a flat (across the board) shop rate for all manufacturing processes. This can cause problems for manufacturers who have processes that are more or less expensive than other processes they offer.

Shop Rate Calculator helps manufacturers be more competitive by better understanding shop rates as well as offering increased profitability. 

Identify separate shop rates for each manufacturing process using Shop Rate Calculator. While manual calculation methods can identify unique shop rates, MTI Systems offers this free Shop Rate Calculator software to help manufacturers be more competitive. 

Download this free Shop Rate Calculator today!

To explore a data-driven, cost estimating software, please request a demonstration of Costimator.

Determining Manufacturing Time and Costs

Determining Times Costs

Hey, stop using old, outdated methods or guessing and start estimating! When determining manufacturing time and costs, you need an estimation process that’s accurate and fast. But, still matches the manufacturing process.

Feature-based Cost Estimation

Our Feature-based costing is the most accurate, consistent, and therefore, the fastest way to estimate costs for parts.

Feature Based

Feature-based cost estimation is a standard engineering method with procedures that closely match the machining process. In addition, it starts by finding a reference feature which is a common part of both the estimate and the manufactured part. The estimates are derived from similar parts or processes. Thus, by using standard machine times for each operation in the sequence of operations to make the estimate.

Determining Manufacturing Time and Costs with Time Saving Software

Costimator is a time-saving software that helps you calculate accurate labor time requirements for your production process. However, it comes with an arsenal of powerful feature calculators you are going to find very valuable. Above all, this makes it easy to determine which machine tool, cutting speed, machining strategy or production method is best for the job.

Stop Wasting Time & Money on Inaccurate Estimate

Say goodbye to hours of tedious calculations and say hello to Costimator!

Times and Costs

You will rest assured that Costimator has a feature or cost model for machining and fabrication. Including, manufacturing, including automotive, aerospace, manufacturing, machine shops, industrial suppliers, and many others.

Don’t waste time on inaccurate estimation methods.

Find out how you can get started with Feature-based cost estimation, therefore, you will get accurate, fast estimates with methods closely matching your manufacturing process. It is time for you to get started today to gain more profit and less errors.

With Costimator and determining manufacturing time and costs, you will estimate costs in a fraction of the time. In other words, you will be possibly save millions in labor costs every year. If you can’t afford longer lead times or are tired of watching profits slip through your fingers because you’re over-priced, then use Costimator to eliminate guesswork from your estimating process.

Contact us for more information on how feature-based cost estimation can speed up the process and cut costs, please contact us or call: 413-733-1972.

Be sure to visit MTI Systems on Facebook.

MTI Systems, Inc.
1111 Elm Street, Suite 6
West Springfield, MA 01089 USA

Should Cost Predictions

Should Cost Predictions

Wish you had a way to predict the true cost of production on your manufacturing process with Should Cost Predictions? Costimator is being used by leading manufactures and engineers around the world and who have found it to be far better than traditional costing practices.

Costimator is helping customers save millions of dollars in lost revenue by accurately predicting manufacturing process cost and time. Find out how Costimator will help you to optimize your production process and give you an unfair advantage!

The Dilemma of Should Cost Estimating

Problem: Getting a realistic estimate for the cost of production is complicated and time-consuming, not to mention expensive, for instance.

Agitate: Do you know the cost of your production? How much will it cost to produce one more unit? What would be the monthly costs if you hire an additional staff? What if there’s an increase in raw material prices? All these questions can only be answered by calculating the true cost of production, but, it takes too long and costs too much.

Solve: With “Should Cost” Estimating Software, getting accurate estimates is easier than ever! Moreover, this reliable tool has all the formulas and data that you need to accurately calculate your production costs.

“The two main uses we have for Costimator is should cost  and quoting. Since we have taken on Costimator we’ve doubled the size of our company. Being accurate on our quoting and get them out the door right away is what helped us land that business.”  – Aaron Harrison
Manager of Product Estimating – United Gear and Assembly

Industry Validated Data – Should Cost Estimating 

Centralized Database – Costimator Cost Estimating Software is database driven. Why is this good? Because, it enables you to store, access and retrieve all of your estimating and quoting information from a centralized location. 

You are going to be excited to learn that this software comes with over 20 databases! Therefore, enables estimators quickly access the data to greatly improve the speed, accuracy and consistency of their quotes. 

Manufacturing Processes – Costimator supports the cost estimating and quoting of over 300 different manufacturing processes. Including, all forms of machining, fabricating, welding, plastic manufacturing, electronics and assembly. 

The software contains hundreds of pre-built and industry validated cost models that help estimators. Therefore, you will discover how to quickly and accurately calculate set-up and cycle times with the highest degree of consistency.

Should Costing Should Be Reliable

Costimator cost estimating software is specifically designed for machine shops and sheet metal fabricators. You will discover how it is helping them deliver accurate quotes quickly, thus, leading to more profitable jobs.

If you are interested in learning more about pricing, offer details or a demo, please contact us or call: 413-733-1972.

MTI Systems, Inc.
1111 Elm Street, Suite 6
West Springfield, MA 01089 USA

Estimating Software Misconceptions

Estimating Software Misconceptions

Estimating Software Misconceptions – There is a misconception that estimating software in manufacturing is a one-size-fits-all product. It’s one of the most common challenges we face when working with manufacturers and it continues to grow as technology in general gets smarter and more automated. For instance, some have an expectation that an estimating software should generate accurate times and cost for their company right out-of-the-box.

In catering to everything from small job shops to Worldwide OEMs, all working in a wide variety of industries requiring different materials/manufacturing processes, there are not enough constants to allow for accurate costing of parts for all these companies. As pricing models change in manufacturing and operations, new challenges arise for critical cycle times. 

While it’s easy for some companies to be reactive and update their estimating solutions as prices change, but for other companies their process is more complicated. Because, they need Costimator – an estimating solution tailored specifically to their factory needs.

Find the Competitive Edge

Find the Competitive Edge in estimating for manufacturing
Find the Competitive Edge in Estimating for Manufacturing

 Manufacturing is more competitive than ever before. By automating the estimating processes with Costimator you can get a competitive edge on your competitors and thus crushing the estimating software misconceptions.

The need for new, affordable, and easy-to-use solutions is greater than ever.

Manufacturers of all sizes are struggling to improve efficiency with their estimation processes. It’s difficult to know which type of software best fits your needs.

Unique Manufacturing Solutions Designed For You

Unique Manufacturing Solutions Designed For You
Unique Manufacturing Solutions Designed For You

Costimator provides customizable estimation solutions for any size company. Because of Costimator, you still have access to an out-of-the-box solution with built-in cost models and starting points for estimating your parts without spending additional money on other expensive software packages.  

To generate accurate numbers, it requires some shop specific parameters be entered or available to calibrate to. Therefore, with a database driven estimating software, you now have the opportunity to create accurate estimates consistently, and quickly.

Effortlessly create accurate estimates that are specific to your unique needs!

Or, call: 413-733-1972

MTI Systems, Inc.
1111 Elm Street, Suite 6
West Springfield, MA 01089 USA

How Accurate Is Cost Estimating Software?

A Seasoned Expert Determines How the Accuracy of Cost Estimating Software is Legit

How Accurate Is Cost Estimating Software

As a Sales Director at a Cost Estimating Software company, I get the question, “How accurate is your cost estimating software?” quite often. The simple answer is that the software is always as accurate as the data that is imported into the software. Not every machining center machines at the same rate, not every laser cuts at the same rate, and not every press brake bends at the same rate. Since not every company has the exact same equipment, uses the same type of tooling, purchases raw material at the same price or has the same shop rate, no off the shelf cost estimating software will generate perfectly accurate cycle times and costs without some level of data configuration specific to the company using it.

Garbage In, Garbage Out  

The main benefits of utilizing cost estimating software are increased speed, accuracy and consistency of estimates. These benefits are achieved, in large part, through the use of standardized, formula-driven methods of calculating labor and machine cycle times (rather than relying solely on the opinion, or experience, of an estimator). The accuracy of a quote generated by estimating software is highly dependent on the back-end data and formulas that produce the results. If the raw data imported into the cost estimating software is garbage, a garbage estimate is what you can expect to receive in return.

Take For Example, Estimating Laser Cutting Times

Not every laser machine has the same characteristics or cut-rate capabilities. In order for any costing software to generate an accurate cycle time calculation, it first needs to be loaded with the cuts rates associated with the particular laser machine(s) that your shop owns.

Established cost estimating software companies have solutions that come with out-of-the-box data for the various manufacturing processes their system support. The better tools will make it easy to modify and add to the base data in an effort to dial in the numbers to better reflect a particular shop’s equipment and core competencies. The more advanced systems will enable companies to mass import raw material and purchased item pricing, work center shops rates and customer contact information, most of which is typically stored in their ERP system. The database configuration process is critical to having a software tool that will consistently generate an accurate cost estimate for your shop.

No Two Shops Are The Same

It’s simply not realistic to think that off the shelf cost estimating software will be able to generate an accurate estimate for YOUR SHOP until your shop’s data has been loaded into it. The process of doing that, if the software you choose comes with out-of-the-box data, is not necessarily that time consuming. In fact, some software companies provide the database configuration service as part of their overall offering.

The good news is, once the configuration process is complete your company now has an estimating system that will increase the speed, consistency and accuracy of its quotes. For most shops, the result is greater quoting throughput, higher RFQ win rates and increased sales and profits.

Learn more about How Accurate Cost Estimating Software is by Evaluating Costimator