Program adds depth, organization and precision to cost estimating process
(West Springfield, MA) MTI Systems, Inc. (www.mtisystems.com) has announced today that Service Machine Co, Inc. of Loves Park, IL has selected the company’s Costimator cost estimating software in order to increase their cost-estimating speed and enhance the accuracy of their quotations.
“Something had to change and now that we’ve found Costimator, it is helping to solve those problems.”
Service Machine Co, Inc. is a full-service manufacturer that provides a variety of production parts ranging from small lot & high-volume parts to prototyping. They are best known for the use of their ProtoTRAK milling machines that can cost-effectively make fixtures, prototype and repair parts. Over the past few years, the company began to encounter many challenges within their cost-estimating process.
“Our estimating, prior to implementing Costimator, was based on the experience of our employees,” said Mark Kneller, Service Machine’s President. “The older ways worked well enough for years, but when some of those employees moved on, we found it incredibly challenging to pass their expertise on to new employees. The result was a time-consuming process that featured a lot of guesswork, so we found ourselves under and over estimating jobs. That caused us to lose some money on jobs we won and cost us winning jobs we lost because our pricing was off. Something had to change and now that we’ve found Costimator, it is helping to solve those problems.”
Costimator estimating software was originally was designed to serve as a platform to make cost-estimating more effective for part suppliers, including those who do machining, fabricating and assembly. The program helps manufacturers, quickly and accurately, estimate cycle times and determines the manufacturing cost for parts and assemblies -- based on the capabilities of their equipment and their shop rates. Today, the software is also being used by many of the world’s largest OEMs in a wide variety of industries including defense, aerospace, medical, heavy equipment, automotive and consumer product.
The Costimator database provides real-world manufacturing information that users can reference and work from. This makes estimating, quoting, and creating cost models faster while also ensuring that cost estimates are more consistent and accurate. The tool also enables companies to add, modify and update their own data, resulting in a faster, more streamlined process helping to meet their future growth needs.
About Service Machine Co., Inc.
Read through their Case study – “Estimating Software Removes Guesswork for Service Machine” for more information about Service Machine and on how this cost-estimating software helped to boost their ability to quote faster and more consistently accurate.
About MTI Systems, Inc.
MTI Systems, Inc. offers cost-estimating, quoting and process planning software and services for the manufacturing industry – providing solutions for suppliers and OEMs. Costimator software has been implemented at over 1,300 companies worldwide resulting with over 10,000 trained users since its inception in 1982. Contact Information: MTI Systems, Inc., 1111 Elm Street, Suite 6, West Springfield, Massachusetts, 01089, USA, Phone 800-644-4318, Fax 413-739-9250, email: firstname.lastname@example.org, or visit their cost estimating software product page to learn more about Costimator.