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Hey, stop using old, outdated methods or guessing and start estimating!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.

View Costimator DemoEstimate a PartGet Pricing

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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.

View Costimator DemoEstimate a PartGet Pricing

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