Thomas Precision Technologies Case Study
Costimator Proves to be a Game Changer for Thomas Precision Technologies
The Client
Thomas Precision Technologies is a precision machine shop located in Monroe, NC and serves the aerospace, aircraft, electronics, medical, chemical, military and nuclear industries. The company utilizes the latest state of the art machine technology and equipment used to assure speed, precision, and quality in all parts. Their CNC equipment is complemented by a variety of other equipment including engine lathes, horizontal and vertical milling machines, surface grinders, and various types of finishing equipment. The shop also has complete assembly and test capabilities.
Thomas Precision Technologies has a broad knowledge in the machining of titanium, hastelloy, monel, all types of stainless steel, aluminum, and carbon steel. We also have a great deal of expertise in the machining of plastic including teflon, delrin, plexiglass, polyprolylene, PVC, rulon, phenolic, and UHMW.
The Problem
Prior to implementing Costimator, the estimators at Thomas Precision Technologies were estimating machine time labor hours manually, primarily based on experience. This process was very time consuming and subjective, leading to difficulties meeting RFQ deadlines and inconsistencies between estimates and estimators – resulting in both lost sales and profits.
How Costimator Helped
Thomas Precision Technologies purchased Costimator with the system's 3DFX (feature recognition) add-on module. 3DFX allows estimators to generate a cost estimate directly from a 3D CAD model.
According to Louis Goins, Estimating Engineer at Thomas Precision Technologies, the addition of Costimator with 3DFX was a "game changer for us." He adds, "Costimator with 3DFX helps us to produce quotes faster and with more consistency, without worrying if we've missed something."
When asked what advice he would give to other companies that may be looking to purchase Costimator, Goins responded, "Don't wait, it is a wise investment."
About MTI Systems, Inc.
Established in 1982, MTI Systems is a leading provider of cost estimating software solutions for the manufacturing industry, serving over 2,000 suppliers, OEMs and engineering firms worldwide. The company is headquartered at 1111 Elm Street, Suite 6, West Springfield, MA 01089.
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Costimator Manufacuring Software
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Estimating for Machining and Parts
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Costing and Quoting for Fabrication
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Cost Estimating and Quoting Software
"Costimator has been a very large part of Jabil's quoting process since being purchased in 2003. It is currently being utilized in the Americas to respond quickly to request for quotes, to provide target pricing to suppliers and validate quotes received from the supply base. Ultimately, this tool will be utilized globally allowing us to estimate accurately and rapidly within each region."
- Kristen Housley, Cost Estimator, Jabil Circuits
