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MTI Systems, Inc.: Is Manufacturing Cost Estimating Software a Worthwhile Investment?WEST SPRINGFIELD, Mass., Aug. 10, 2021 /PRNewswire/ -- The majority of manufacturers estimate by experience, long hand calculations or similar jobs. The problem with these estimating methods is they can be extremely time consuming, inaccurate and inconsistent. The end result are quotes that are late in getting back the customer, quoted prices that are either too high or too low and customers that can quickly lose confidence in your shop's ability to provide fast, accurate, consistent quotes. What Are the Benefits of Cost Estimating Software?
If a company's main estimating issue is the time it takes to generate a quote, then increasing estimating speed would allow them to reduce labor costs and/or increase their quoting throughput. Increasing quoting accuracy and consistency can dramatically increase a company's RFQ win percentage, resulting in higher revenues and profits. Generating accurate quotes also reduces the number of "loser" jobs, which can be a significant cost avoidance benefit for most shops. For shops that struggle with quoting, the ROI of estimating software is normally achieved within the first few months of use. In most cases, all it takes is few extra RFQ "wins" resulting from the software's use to pay for itself. About MTI Systems, Inc. View original content:https://www.prnewswire.com/news-releases/mti-systems-inc-is-manufacturing-cost-estimating-software-a-worthwhile-investment-301352135.html SOURCE MTI Systems, Inc. |