subject: Midwest Steel and Services Praises Cost Estimating Software Costimator [print this page] Midwest Steel and Services Praises Cost Estimating Software Costimator
Joe Blackford, Engineering manager for Midwest Steel & Services, Inc., contacted MTI Systems regarding their cost estimating software solution Costimator because, "Our old system was difficult to use and provide accurate estimates. The old system was also slow and costly as we had to re-enter the same data multiple times. Our estimating program was custom designed and without the ability to modify or get support from the original designer."
Like the Midwest Steel's experience with MTI Systems, 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%
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."
Jim Soderquist, President of National Tool & Manufacturing Co., LLC / Midwest Steel & Services, Inc. suggested, "Other savings and benefits as a result of the Costimator solution include the fact that more staff members can quotewe now have a firm control on the cost input data, more accurate and profitable bids, and direct administrative labor savings from data entry by linking Costimator to our ERP system."
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.
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.
