New v12.1 upgrade makes for a faster, more accurate RFQ process
WEST SPRINGFIELD, MA – December 1, 2013 – MTI Systems announced today how the new RFQ (request for quote) report feature now available in the latest version of Costimator (V12.1) cost estimating software offers increased time savings for estimators and their purchasing team.
The report automatically collects material and purchasing item descriptions and quantities -- dramatically saving cost estimating time, as well as increasing the accuracy and consistency for the purchasing team.
“This new RFQ export dramatically reduces estimating time... But it also reduces the usual tedium of search and collation which significantly reduces the risk of transposition errors”
“It had become common during our customer trainings to have cost estimators ask us if there was a way to accumulate all the material and purchased items on one page for their buyer,” commented Aaron Martin, Cost Estimating Manager at MTI Systems. “This adds an extremely effective time saver – as it functionally helps both sides of the (labor costing) coin, not just for speed, but also for accuracy and consistency.”
While the simple process of (3) easy keys-presses effectively saves time, it adds error reduction and improves consistency to the estimating and communication process as well. Now, no one needs to copy/paste, or handwrite the critical details, and risk costly transposition errors. It seamlessly converts data exactly from Costimator to a single easily readable format made readily available for the buyer. Reducing and eliminating errors in any costing environment can be the fine line between acceptable profit and profit that is just marginal. It could also be the difference between profit and loss.
“This new RFQ export dramatically reduces estimating time,” added Martin. “But it also reduces the usual tedium of search and collation which significantly reduces the risk of transposition errors – especially important when customers request multiple re-quotes long after the quotes have been submitted.”
About Costimator Quoting Software
Costimator® cost estimating and quoting software began development 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. In recent years, many more manufacturing processes have been added to Costimator helping to meet the needs of new technology suppliers and OEMs in industries such as, aerospace, agriculture, defense, electronics, medical, heavy truck, energy, transportation, and construction manufacturers.
About MTI Systems, Inc.
MTI Systems provides cost estimating software and estimation services for the manufacturing industry, serving both suppliers and OEMs. For more details: contact MTI Systems, 59 Interstate Drive, West Springfield, MA 01089, 800-644-4318 www.mtisystems.com.