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MTI Systems announced that three U.S. fabrication shops have chosen to implement its Costimator cost estimating software to help them increase their speed, accuracy, and consistency during their critical sales and quoting processes.
Yetter Manufacturing, Ad-Vance Magnetics Inc. and Carver Machine Works are all fabrication companies (fab shops) that specialize in fabricating parts and assemblies out of raw metal materials such as carbon, stainless steel and aluminum. The main fabrication processes are cutting (sheer, laser, plasma, waterjet), bending (press brake) and assembly (welding, mechanical, electrical).
Manufacturers of all types choose Costimator to help them increase their cost estimating and quoting speed, accuracy and consistency, criteria important for both short and long-term profits and for winning orders, according to MTI Systems. Since 1982, more than 1,500 manufacturers worldwide have implemented Costimator. The cost estimating software supports estimating and quoting of all forms of machining, fabrication, plastic manufacturing, assembly and more. It is used to estimate all of the time and cost elements associated with the manufacturing of a part or assembly, including machine setup, cycle time and part handling.
"Many fabricators have no systematic, scientific way of estimating labor hours, instead of relying on the experience of their estimators – which can lead to drastic inconsistencies in their quotes," comments David LaJoie, Product Manager at MTI Systems. "Costimator has formula-driven and time tested cost models that enable estimators to quickly generate quotes that are both consistent, from estimator to estimator, and accurate, which is key to continuously winning profitable business."
