Cost estimating software has powerful modelling

MTI Systems has released Costimator OEM V9.0 software, which features an expanded feature-based estimating library for machining, sheet metal fabrication and non-machining operations.

MTI Systems has released Costimator OEM V9.0 cost estimating software, which provides an expanded set of feature-based cost models for use in the systems feature-based costing methodology.

The V9.0 feature library includes cost models for prismatic and cylindrical machined components, sheet metal fabrication and secondary non-machining operations.

Vice president of sales at MTI Systems, David LaJoie, said: "Version 9.0 delivers a number of new enhancements that will further enable manufacturing companies to assess, identify and reduce product costs throughout the product development lifecycle".

He continued: "The newest Costimator OEM feature library further enhances the design engineer's ability to understand the impact that varying product design alternatives have on cost." LaJoie added: "Understanding early in the product development lifecycle how new and alternative products designs affect cost allows companies to cut significant costs out of their products before reaching production".

"Having this type of accurate, dependable cost knowledge has proven to save MTI's customers millions of dollars".

* Cost model development tool - Costimator OEM V9.0 has a new cost model development tool called Cost Modeler.

MTI told manufacturingtalk that this powerful tool enables users of Costimator OEM to develop their own process or feature-based cost models.

LaJoie explained: "Many of our existing and new customers have cost models they previously developed in Excel that they want to bring into Costimator OEM.

Cost Modeler gives them a flexible, easy-to-use tool to create cost models on there own, saving them time and money".

Costimator OEM provides manufacturing and product companies with a complete cost management solution.

Costimator OEM's three distinct types of estimating methods (feature-based, bottoms-up and parametric) gives users of varying manufacturing skill sets the ability to estimate product costs.

Feature-based estimating enables design engineers to estimate the cost of alternative designs quickly and easily based on part features.

Bottoms-up, or activity-based estimating, provides procurement organizations with accurate manufacturing times and costs it needs to negotiate with suppliers and identify what a part should cost.

Parametric estimating provides users with an instant estimating method based on historical cost data.

Being able to identify product costs throughout the product development lifecycle gives Costimator OEM users the ability to implement uniform and predictable costing strategies that result in significant product cost reductions.

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