MTI Systems Forms New Cost Estimating Services Division

W. Springfield, Massachusetts U.S.A. (June 26, 2006) – MTI Systems, the leading provider of cost estimating software solutions for manufacturing, today announced the formation of a new division called ShouldCost Estimating Services (SES). The group will provide part cost estimating services for mid-to-large sized manufacturing organizations. 

SES comprises a team of cost engineering experts with over 100 years of manufacturing and cost estimating experience. SES engineers utilize MTI Systems’ industry leading cost estimating program, Costimator® OEM, to explore different methods of manufacturing parts through alternative processes, materials and machinery. The detailed cost data the service provides allows manufacturing companies to identify cost reduction opportunities throughout the product development lifecycle, from design to procurement. 

“MTI Systems has been performing cost estimating services for OEM’s on a per request basis for the past 24 years," stated Mr. David LaJoie, VP of Sales for MTI Systems. “The demand for this type of outsourced service has increased dramatically over the past few years as manufacturing companies continue to trim their engineering staffing levels. While the need for these organizations to keep costs down has never been greater, the expertise and time required to perform cost analysis in-house has reached a low point. Our many years of cost estimating experience, both from a product (Costimator OEM) and service standpoint, provides a unique combination that satisfies an ever growing need for these organizations.” 

Costimator OEM contains the world’s most comprehensive database of raw materials, work center and process cost models. The software has over 2,400 different work centers that cover hundreds of manufacturing processes, including sheet metal fabrication, machining and plastic injection molding. Each work center comes loaded with average labor and shop rates for over a dozen countries, including the U.S., Mexico and China. 

The key benefits of using SES include: 

• Part cost reduction throughout product design, manufacturing and procurement. 
• State-of-the-art costing platform in Costimator OEM.
• Low start-up costs. 
• Easy to implement and maintain.
• Minimal IT requirements.
• Proven company with 24 years experience in cost estimating.
• High return on investment.