MTI Systems, Inc. has added 24 new cost models to its V12.1 update of Costimator, its cost estimating and quoting software. "This update benefits estimators with more speed, accuracy and consistency as they estimate and quote manufactured parts," said a company spokesperson.
MTI Systems offers estimating technology to parts suppliers and OEMs who need to estimate machining, fabrication and part assembly. One method included in Costimator is configured using cost models. These models are custom formula-based methods for estimating manufacturing processes. They have inputs or drop down lists, as well as formulas that complete calculations for manufacturing time and/or cost. Using the embedded cost model editor, estimators can add or modify any of the 300+ models currently shipped with the system. This provides estimators the flexibility to mimic estimates based on manufacturing processes in their shop or that of an outsourced supplier.
"In today's competitive marketplace, it is only natural that more cost models should be added to Costimator," said Rene Laviolette, MTI Systems' V.P. of Product Development. "Satisfying our customers' growing needs and responding to emerging new technologies are key factors for consideration during Costimator updates and upgrades selection."
Some cost models included in the V12.1 Costimator update include:
- Holes - back spot face, countersunk
- O.D. - face end, multi-diameters, undercuts, threads, O-rings, spline
- I.D. - multi-diameters, undercuts, threads, spline, surface finish, flat surfaces
- Specific processes - plasma part, cost-complete, knurling, step forming, brake
- Outside processing - finishing, heat treat, machining, plating, freight
- Modified models - broaching, grinding, welding, flux core arc weld (FCAW), tungsten inert gas (TIG) weld.
Gardner Manufacturing Company, a sheet metal manufacturer based out of Wisconsin, reported that the additional new upgraded cost models enhanced its software - adding timesaving benefits and increasing its consistency and accuracy.
"It is such a great benefit to have MTI Systems continue to add new features and manufacturing data," said Robert Marschke, Estimating Engineer at Gardner Manufacturing. "As they continue to increase its estimating power, we save even more time - which of course converts to cost savings for our company and for our customers."
For more information contact:
MTI Systems, Inc.
59 Interstate Drive
West Springfield, MA 01089
800-644-4318 / 413-733-1972
www.mtisystems.com