Product category:
Production costing and estimating
News Release from: MTI Systems | Subject: Costimator and FabriCost estimating system
Edited by the Manufacturingtalk Editorial
Team on 19 August 2003
Job shops' costs estimating needs met
Cost estimating software is designed to meet the cost estimating needs all job shops, regardless of the type of processes they perform and at a price point that any company can afford.
MTI Systems has released its new Costimato JS (Job Shop) Software, combining two of their existing software programs, Costimator and FabriCost, into one comprehensive cost estimating system By combining the two programs the company has created one estimating package for all manufacturing processes, including all forms of machining, fabricating and assembly
This article was originally published on Manufacturingtalk on 18 Feb 2002 at 8.00am (UK)
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That's not all the good news: the system, while combining the best features of Costimator and FabriCost, also sells for less than half the price of its predecessors.
Tom Charkiewicz, President and CTO of MTI Systems explains the company's pricing strategy, saying, "We wanted to create a product that could meet the cost estimating needs all Job Shops, regardless of the type of processes they perform, at a price point that any company can afford.
We think we've done that with Costimator JS." The assure quick start-up, the system comes complete with over 3,200 labor and machine handling standards, 2,400 built-in materials, over 1,600 work centers and 700 assembly standards.
The system provides numerous benefits (as reported by users), including: * A 20-100% increase in quote "win" percentage.
* 50-200% reduction in estimating time.
* Eliminates "loser" jobs.
* Increases shop floor productivity by up to 25%.
* Increases profit margin on existing jobs by 10-25%.
The company reports that the typical ROI for users of Costimator and FabriCost to be 3-6 months and expects even quicker returns from the new Costimator JS product.
MTI Systems is a world-leader in the development of innovative cost-estimating software and services, providing competitive-edge solutions for manufacturing since 1982.
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