Cost Estimating Software Praised by Wayne Machine Inc.


MTI Systems Press Release

"Costimator is incredibly straightforward and user-friendly. The process plans and other reports look great to a customer. It gives them the feeling that we have done our homework when estimating their parts, which they appreciate. When I am on the phone talking to a customer, they may want to get an estimate for a different quantity than originally requested, or have me estimate a similar part. I can keep them on the line, while I calculate the new estimate. Customers love that type of instantaneous response, which I believe helps us to get more orders," noted Brandon Clark, Senior Estimate for Wayne Machine, Inc. 

Few job shop cost estimating solutions come fully loaded with a library of over 2,000 work centers and materials. Too often there is an attitude among some job shop owners that these technologies are simply too good to be true. In fact, there are few steps needed to accurately and effective test the efficacy of any cost estimating software. 

Step 1: Enter the Part Information 

Step 2: Select the Quantities to be quoted

Step 3: Add the required Material(s)

Step 4: Pick the Equipment needed to manufacture the part 

Step 5: Add the Details for each operation 

The result is an estimate complete with time and cost for each operation. Many of the world's job shops need to identify part cost reduction opportunities throughout the product development lifecycle, leading to millions of dollars in cost savings. According to Thomas Charkiewicz, President of MTI Systems, "Few cost estimating software solutions have been around since 1982, yet more than 1,200 job shops and contract manufacturers worldwide have been utilizing Costimator JS for the speed, accuracy, and consistency it brings to their quoting process. Calculating the cycle time and cost of manufacturing for a part or assembly in a job shop, based on the capabilities of equipment and shop rates is a matter of bottom-line automation and productivity." 

Job shop cost estimation has concrete and real measurable impacts:  Increase RFQ "Win" percentage by as much as 100%  Eliminate jobs that cost money to produce  Reduce estimating time by up to 200%  Increase shop floor productivity by up to 30% 

Press release issued by MTI Systems, Inc. April, 2010

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"Our estimating team needed a solution that was easier to use and something that could also be scaled across all departments offering greater information access for more engineers."

- Rick Clark, Inside Sales & Estimator, Detroit Tool Metal Products

Estimating Software