estimating software development times
Cost Estimating Software by MTI Systems Most Valuable for Will-Burt Company
Kevin Baldwin, CM Estimating Supervisor for The Will-Burt Company, recently commented, “When we first investigated Costimator, some of our estimators were using an estimating system that didn’t really allow any kind of modifications to the data, while other estimators were using a manual system. Our primary challenges were inflexible systems and inconsistent estimates due to different people estimating differently, based on their experiences.”
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 1,000 job shops and contract manufacturers worldwide have been utilizing Costimator 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.”
Like the Will-Burt company’s experience with MTI Systems’ Costimator, 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%
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
Baldwin added, “The greatest impact is in the turnaround time for quotes. With the IQ Builder and Cost Modelers, we’re able to create detailed quotes in a matter of hours. These same quotes would take days if we were using detailed quoting methods. Another benefit is that all of our estimators use the same software, so multiple estimators can work on different parts of the same project.”
About MTI Systems:
MTI Systems (www.mtisystems.com) is the leading provider of cost estimating solutions for manufacturing, OEM’s, and Suppliers through the unique technology solution Costimator. MTI Systems offers unique Computer-Aided Cost Estimating (CACE) solutions and is proud to have implemented its solutions at over 1,200 companies with over 10,000 trained users since its inception in 1982.
MTI Systems, Inc.
David LaJoie
VP Sales & Marketing
413-693-0617
About the Author
Professional Marketing Firm for the Manufacturing Community and Manufacturing Journalist to most manufacturing magazines
Release Planning Agile Noir Part 1/3 Estimate Product Backlog with Affinity Estimating
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