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.