Latest version of cost-estimating software speeds estimating, enables 3D CAD feature recognition and offers enhanced data reporting.
WEST SPRINGFIELD, MA – July 20, 2015 – Today, MTI Systems Inc., a leading developer of cost estimating software solutions for manufacturers, has launched Costimator® Version 14, the latest release of their industry-leading cost-estimating software. Costimator V14 has many new features including 3DFX, an automated feature recognition function, enhanced cost models, new cost/profit report and SQL Server 2014 compatibility.
“Version 14 is another significant launch for us that includes a powerful range of features designed to substantially increase estimating speed, accuracy and consistency,” stated David LaJoie, VP Sales, MTI Systems. “We have also added an outside services database and many new cost models to enable more comprehensive estimating for the user.”
The new 3DFX automated feature recognition (AFR) add-on to Costimator V14 recognizes CAD features and their parameters from solid models and gives estimators complete control over features they “extract” and import into Costimator for estimating. Costimator V14 with 3DFX increases cost estimating speed and quoting throughput up to 90%, while dramatically improving cost estimating accuracy and consistency from part to part, estimator to estimator. View a demonstration video of the new Costimator With 3DFX.
“More and more of our customers are gaining access to solid models during the estimating process,” said Thomas Charkiewicz, MTI Systems’ president and CEO. “3DFX gives them the ability to quickly view, analyze and extract feature data from the model into Costimator. This not only saves them a tremendous amount of time but also increases the accuracy of their estimates.”
New cost models include 46 models for processes such as lasercut, sandblast, panel saw, surface work, and welding, providing more estimating options for greater speed, accuracy and consistency. For faster overall database performance, Costimator V14 supports SQL Server 2014.
In addition, MTI Systems has added a new cost-profit summary report to Costimator V14 that shows multiple quantity cost and profit details for labor, purchased parts, outside services and raw materials. The report offers a new approach to viewing individual costs for multiple quantities and offers a quick and easy way to modify profit margins to reach a desired end profit and sell price.
MTI Systems began development of cost estimating software solutions in 1982. Originally designed for suppliers, it reduces estimating time, while not compromising accuracy or consistency for manufacturers who do machining, fabrication, and mechanical assembly. The cost estimating software system calculates cycle times and the cost of manufacturing a part or assembly based on the capabilities of the suppliers’ equipment and their shop rates. Costimator helps estimators meet the needs of new technology suppliers and OEMs in industries such as aerospace, agriculture, defense, electronics, medical, heavy truck, energy, oil and gas, and transportation.
About MTI Systems, Inc.
MTI Systems provides cost estimating software and estimation services for the manufacturing industry, serving both suppliers and OEMs. For more information on Costimator With 3DFX and MTI Systems, contact MTI Systems, 59 Interstate Drive, West Springfield, MA 01089; Phone 800-644-4318