Product News: Software
Cost Estimating Software targets metal fabrication shops.
Press Release Summary:
February 20, 2014 - With 24 added cost models, Costimator® v12.1 offers estimating solutions to parts suppliers and OEMs who need to estimate machining, fabrication, and part assembly. Models are custom formula based methods for estimating manufacturing processes. They have inputs or drop down lists as well as formulas that complete calculations for manufacturing time and/or cost. Using embedded cost model editor, estimators can add or modify any of 300+ models shipped with system — long after implementation.
Original Press Release
MTI Systems Adds New Cost Models for Machining & Sheet Metal Fabrication Shops
Press release date: February 12, 2014
Cost Estimators Gain More Speed, Accuracy and Consistency
West Springfield, MA – MTI Systems, Inc. has announced the addition of 24 new cost models to their recent V12.1 update of Costimator®. This update benefits estimators with more speed, accuracy, and consistency as they use the company’s flagship cost estimating software product to estimate and quote manufactured parts.
MTI Systems offers estimating solutions to parts suppliers and OEMs who need to estimate machining, fabrication and part assembly. One method, of the many estimating solutions included in Costimator®, is configured using cost models. These models are custom easy-to-use formula based methods for estimating manufacturing processes. They have inputs or drop down lists, as well as formulas that quickly and easily complete calculations for manufacturing time and/or cost. Additionally, using the embedded cost model editor; estimators can easily add or modify any of the 300+ models currently shipped with the system -- long after implementation. This provides estimators the flexibility to mimic estimates based on manufacturing processes in their shop or that of an outsourced supplier.
“In today’s competitive marketplace, it’s only natural that more cost models should be added to Costimator®,” explains Rene Laviolette, MTI Systems’ VP of product development. “Satisfying our customers growing needs and responding to emerging new technologies are key factors as to what we select for new features in Costimator® updates and upgrades.”
SOME COST MODELS INCLUDED IN THE V12.1 COSTIMATOR® UPDATE:
• Holes - Back spot face, countersunk.
• OD (outside diameter) – face end, multi diameters, undercuts, threads, o-rings, and spline.
• ID (inside diameter) - multi diameters, undercuts, threads, spline, surface finish, flat surfaces.
• Specific processes - plasma part, cost-complete, knurling, step forming, and brake.
• Outside processing - finishing, heat treat, machining, plating, and freight.
• Modified models – broaching, grinding, welding, FCAW (flux core arc weld), and TIG (tungsten inert gas) weld.
Gardner Manufacturing Company, a sheet metal manufacturer based out of Wisconsin, finds that the additional new upgraded cost models enhance their software adding timesaving benefits, as well as increasing its consistency and accuracy.
“It’s such a great benefit to have a software vendor such as MTI Systems continue to add new features and manufacturing data,” reports Robert Marschke, estimating engineer at Gardner Manufacturing. “As they continue to increase its estimating power, we save even more time - which of course converts to cost-savings for our company and our customers.”
Costimator cost estimating and quoting software is designed for manufacturers of all sizes including single-man job shops, large contract manufacturers, precision machining & fabrication shops, as well as full-service OEMs. Manufacturers need to estimate time and calculate the cost for a wide variety of parts and projects. They can choose from various “user selectable” cost estimating methods. With unique options such as drag and drop and comparing multiple estimates on the computer display screen simultaneously, estimators can quickly quantify the impact of changes to product design, materials, geographic locations, manufacturing processes, volume requirements and more.
About MTI Systems, Inc.
MTI Systems provides cost estimating software and estimating services to manufacturers worldwide, serving both suppliers and OEMs. Since 1982, Costimator has been implemented at over 1,500 companies with over 12,000-trained users. For more details, or to register for a free demonstration, contact MTI Systems, West Springfield, Massachusetts, 800-644-4318/ 413-733-1972 or visit www.mtisystems.com.