West Springfield, MA -- (SBWIRE) -- 05/20/2010 -- MTI Systems is the leading provider of innovative cost estimating solutions for manufacturing, working with OEM’s and Suppliers worldwide.
Many of the world’s largest and most successful manufacturing organizations utilize Costimator OEM to identify part cost reduction opportunities throughout the product development lifecycle, leading to millions of dollars in cost savings.
Costimator OEM allows companies to quickly and easily identify the cost drivers in the products they design, manufacture and procure. This valuable information is then used to explore design alternatives and methods of manufacture that lead to lower cost products with higher profit margins.
This invaluable information enables them to reduce product design and manufacturing costs in all phases of the product development lifecycle. Engineers are able to design products that meet cost targets while purchasing can negotiate optimal pricing based an understanding of what a part should cost.
Data Library
Costimator OEM comes with an unsurpassed library of real-world manufacturing data, including:
200+ Process Cost Models
2,500+ Work Centers
3,500+ Parametric Models
2,400+ Materials
3,400+ Labor & Machine Handling Standards
Work Center Shop Rates for over 2 dozen countries
The key to any estimating tool is the reliability of the data it contains. Over 95% of the data residing in the Costimator OEM database library comes from MTI customers, which includes over 1,000 suppliers and OEM’s. The accumulation of this data over the past 25 years is validated during system implementation and then added to the Costimator OEM database library. This information is then shared with users on support through regular software updates.
MTI Systems Should Cost Estimating Services division was formed in 2007 to meet the ever growing needs OEMs looking to outsource their cost engineering requirements. MTI engineers, utilizing their extensive costing expertise and the company’s Costimator OEM software, provide detailed part cost analysis that identifies cost reduction opportunities at design and production.
MTI Systems’ cost estimating technology and service covers hundreds of manufacturing processes including machining, fabrication, plastics, electronics, and assembly and is able to estimate parts manufactured in the U.S. and abroad. Dependable cost data enables OEMs to hit cost targets and product launch dates, reduce the need for time consuming re-designs, lower part costs, and increase profit margins.
MTI Systems for Suppliers:
Costimator JS provides job shops with an easy-to-use, fast, accurate, and consistent method to estimate cycle times and costs for quoting purposes. This enables them to:
• Optimize their ability to win profitable contracts.
• Increased RFQ "Win" percentages
• Reduce Non-Profitable Jobs
• Optimize Profit Margins
• Reduced estimating time
• Increased quoting throughput
MTI Systems is proud to have implemented its products and services at over 1,200 companies with over 10,000 trained users since its inception in 1982.
MTI Systems, Inc.
http://www.mtisystems.com
David LaJoie
david.lajoie@mtisystems.com
VP Sales & Marketing
413-693-0617