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Should Cost Estimating Software

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Should Costing
Analysis of Supplier's Expenses

Should Cost Estimating Software with Costimator®

Should costing is an analysis (typically performed by OEM's or engineering firms on behalf of their OEM customers) of a supplier's expenses involved in manufacturing a part or assembly.

The purpose of should costing is to arrive at a cost estimate, which can guide negotiations and compare to quotes provided by suppliers. Should costing is often used by procurement in an attempt to lower product costs.

The traditional processes in arriving at a should cost was very manual, timely, labor-intensive. In a large organization, the engineering department typically arrives at a "should" cost for a product. Often this estimate is achieved by either looking at the costs paid in the past for similar products or based on the experience of the person coming up with the estimate.

Evaluate Parts Cost with a winning cost calculation formula today and get a free demonstration to see how Costimator® can provide you with fast, accurate, and consistent quotes.


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Should costing can complement strategic sourcing

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Should costing can complement strategic sourcing or be used as an alternative method. In strategic sourcing an organization simply compares the quotes of at least three suppliers for a product and makes sourcing selections based on that data alone.

RELIABLE, DEPENDABLE SHOULD COSTING

Industry Validated Data for Should Cost Estimating Software

The majority of which are suppliers of machined, fabricated and molded parts and assemblies. The system contains thousands of manufacturing process cost models and time standards that have been developed, utilized and validated by our customers for over 4 decades. Costimator® contains average machine hour labor rates for over 30 countries, as reported by the Bureau of Labor Statistics (BLS) and other trusted industry sources.

The Costimator® Speed & Feed library contains over 2,000 grades of material with S&F references for a wide range of cutting tools.

Simply put, we have a comprehensive library of any part or source you can think of, because we have built Costimator® with the customers in mind.

Should Cost

Costimator® has been utilized by nearly 2,000 manufacturing organizations worldwide since 1982.




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CASE STUDIES

Costimator® Testimonials

Northeast Manufacturing
Gardener
United Gear
C Lobdell

Contract bidding and the art of fast and accurate cost estimating are more crucial to a company's profitability now than ever before. We rely heavily on our Costimator® to produce accurate bids for competing effectively.

Chris Lobdell

President

D Ravenelli

Prior to using Costimator® we were using long-hand forms causing inconsistencies throughout our quoting process. Costimator® has been a complete game changer for us.

Dean Ravanelli

Engineer & Estimator

A Harrison

The two main uses we have for Costimator® is should cost and quoting. Since we have taken on Costimator® we've doubled the size of our company. Being accurate on our quoting and get them out the door right away is what helped us land that business.

Aaron Harrison

Manager of Product Estimating

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