Manufacturing Solutions
Check out the Shop Rate Calculator!
MTI Systems' provides Shop Rate Calculator software download free as a quick and easy way to set more accurate manufacturing shop rates for processes offered for quotation.
Shop Rate Calculator combined with any estimating method, manufacturing suppliers and OEMs can enhance their estimating strategy offering their parts and services most competitively.
So, whether your company uses Costimator®, or relies on other estimating methods, such as paper/pencil, spreadsheets, homegrown database, or a full-blown ERPs (Enterprise Resource planning) software package, this software can help your company identify more accurate manufacturing process shop rates.
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BE COMPETITIVE - Shop Rate Strategy
Get ahead of your competition, add price conscious shop rate to each process
To be competitive, suppliers who quote parts, need to markup and add a price conscious shop rate to each process. To be most successful the most attractive shop rates need to be low, which encourages increased sales, however, to be truly successful, the profit (markup) needs to be large enough to qualify their business operating requirements.
Enhance estimating strategy for your for your company's success and profits
Through the utilization of a Shop Rate Calculator, manufacturing suppliers and OEMs can significantly enhance their estimating strategy. This tool serves as an innovative solution to evaluate costs effectively, integrating seamlessly with a range of estimating methods. It enables businesses to maintain the delicate balance between cost-effectiveness and quality.
MTI Systems' Solution
Use Shop Rate Calculator to Achieve Greater Competitiveness and Profits
MTI Systems' Solution - Use Shop Rate Calculator to Achieve Greater Competitiveness and Profits
Identify separate shop rates for each manufacturing process using Shop Rate Calculator. While manual calculation methods can identify unique shop rates, MTI Systems offers this free Shop Rate Calculator software to help manufacturers be more competitive. Quickly calculate separate shop rates, then over time, revisit the software to add new rates or modify existing rates as manufacturing environments change.
How it works
MTI Systems' Shop Rate Calculator calculates rates based on the inputs of direct labor, machine (work center) price, number of employees and gross sales. This information combined with eleven default factors including overhead costs and SG&A is used to identify individual shop rates for each manufacturing process.
Bottom line
Shop Rate Calculator helps manufacturers be more competitive by increasing their win percentage as well as offering increased profitability. Download this free Shop Rate Calculator now! To explore a data-driven, cost estimating software, please request a demonstration of Costimator today.
Whether you run a machine shop, a sheet metal fabrication operation, or a procurement team that needs to benchmark supplier costs — Costimator® is built for your workflow. Request a free demo to see the software in action with your own part types and processes.