West Springfield, MA -- (SBWIRE) -- 08/05/2010 -- 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.
"Costimator has been a very large part of Jabil's quoting process since being purchased in 2003. It is currently being utilized in the Americas to respond quickly to request for quotes, to provide target pricing to suppliers and validate quotes received from the supply base. Ultimately, this tool will be utilized globally allowing us to estimate accurately and rapidly within each region," noted Kristen Housley Cost Estimator with Jabil Circuits.
Like the Jabil Circuits 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.”
About MTI Systems
MTI Systems (http://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.
http://www.mtisystems.com
David LaJoie
david.lajoie@mtisystems.com
VP Sales & Marketing
413-693-0617