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Hey, stop using old, outdated methods or guessing and start estimating!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

Be sure to visit MTI Systems on Facebook.

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