West Springfield, MA, October 09, 2013 --(PR.com
)-- Since implementing MTI System’s Costimator® cost estimating program
, Northeast Manufacturing (Stoneham, MA) has seen a significant improvement in both their estimating process and the speed with which they deliver quotes to their clients.
Northeast Manufacturing was founded in 1952 and serves a wide range of precision manufacturing services in fields like biomedicine, electronics, communications and Defense & aerospace. From Fortune 500 companies to small entrepreneurial startups, Northeast strives to ensure it achieves its promise of Total Customer Value (TCV) with every deliverable.
“Simply put, contract bidding and fast, accurate cost estimating are more crucial to our company’s profitability than ever before,” said Northeast Manufacturing’s Chris Lobdell. “In our industry, making sure that you can turn around quotes quickly and accurately often means the difference between winning and losing a contract. The Costimator program has helped us leapfrog the competition.”
Since implementing the Costimator software program, as well as with the continuous updates distributed periodically by MTI Systems, Northeast Manufacturing has reaped a number of significant benefits throughout their cost estimating process. This includes a continued and significant uptick in their RFQ winning percentage, a significant reduction in estimating time and a 30% increase in shop floor productivity.
“We’ve become dependent on the Costimator software program to produce accurate estimates and it’s paid off in spades,” continued Lobdell. “It continues to be a strategic market advantage for us and allows us to do a whole host of things better than our competition – whether it’s calculating cycle time and manufacturing cost for a part or assembly or simply cost modeling parts for quicker estimates or more specific analysis.”
About Costimator Software program
Costimator cost estimating, quoting, and process planning software program began development in 1982. Originally designed for suppliers, it reduces estimating time, while not compromising accuracy or consistency for manufacturers who do machining, fabrication and mechanical assembly. The cost estimating software program calculates cycle times and the cost of manufacturing a part or assembly based on the capabilities of the suppliers’ equipment and their shop rates. In recent years, many more processes have been added to the program helping to meet the needs of new technology suppliers and OEMs in industries such as, aerospace, agriculture, defense, electronics, medical, heavy truck, energy, transportation, and construction manufacturers.