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AS411

AS411.com Looks at Cost Estimating Software by MTI Systems

One of the key differentiators among various cost estimating technology solutions is the scope and depth of the data library.  The greater the substance of real-world manufacturing data the more valuable and accurate the software will be to the end-users.  Some of the minimum metrics to expect for optimal cost estimating software data libraries include:

  • 200+ Process Cost Models
  • 2,500+ Work Centers
  • 3,500+ Parametric Models
  • 2,400+ Materials
  • 3,400+ Labor & Machine Handling Standards
  • Work Center Shop Rates for several dozen countries

Manufacturing journalist, Thomas R. Cutler, recently authored a feature article for AS411.com regarding the important role of cost-estimating software in driving millions of dollars to bottom-line savings.
Many of the world’s largest and most successful manufacturing organizations need to identify part cost reduction opportunities throughout the product development lifecycle, leading to millions of dollars in cost savings.

According to Thomas Charkiewicz, President of MTI Systems, (www.MTISystems.com) the leading cost estimating software firm since 1982, “Software solutions such as Costimator OEM allow companies to quickly and easily identify the cost drivers in the products they design, manufacture, and procure. This valuable information is then used to explore design alternatives and methods of manufacture that lead to lower cost products with higher profit margins.”

The key to any estimating tool is the reliability of the data it contains.  Charkiewicz noted that as a best of breed cost estimating solution, “Over 95% of the data residing in our database library comes from MTI customers, which includes over 1,000 suppliers and OEM’s. The accumulation of this data over the past twenty eight years is validated during system implementation and then added to the OEM database library. This information is shared with users on support through regular software updates.”

About MTI Systems:

MTI Systems is the leading provider of cost estimating solutions for manufacturing, OEM’s, and Suppliers through the unique technology solution Costimator. MTI Systems offers unique Computer-Aided Cost Estimating (CACE) solutions and is proud to have implemented its solutions at over 1,200 companies with over 10,000 trained users since its inception in 1982.

MTI Systems for OEMs:

Some developers of cost estimating software offer cost estimating services as an alternative to owning and utilizing their tools in-house. MTI Systems, the leading U.S. developer of manufacturing cost estimating software created a division dedicated to cost engineering consulting for OEMs. The company’s cost estimating software products and services are being used worldwide, including Fortune 500 companies such as Caterpillar, IBM, Boeing and UTC.

Cost engineering consultants based in MTI Systems’ West Springfield, Mass. headquarters, use Costimator OEM cost estimating software to provide detailed cost estimates for clients. The technology covers hundreds of manufacturing processes including machining, fabrication, plastics, electronics and assembly. The system comes pre-loaded with average shop rates for over a dozen countries.

MTI Systems for Suppliers:

Suppliers also experience direct benefits from MTI Systems including:

  • Increased RFQ “Win” percentages
  • Reduction in Non-Profitable Jobs
  • Higher Profit Margins
  • Reduced time and expertise required to estimate

MTI Systems recognizes that both Suppliers and OEMs need to identify and understand the cost drivers in the parts they design, manufacture and procure. MTI Systems provides vital data and reports needed to reduce manufacturing costs and increase profitability in all phases of the product development lifecycle. The information helps engineers to design parts and meet target costs. The data also provides purchasing with defendable “should cost” figures, and enables management to analyze “make” versus “buy” decisions.

MTI Systems’ experts observed lack of dependable cost data at any point in the product development lifecycle often leads to missed cost targets, delayed product launches, time consuming re-designs, higher-than necessary manufacturing costs, and ultimately, lower than expected profits.

MTI Systems, Inc.

www.mtisystems.com

David LaJoie

david.lajoie@mtisystems.com                                                      

VP Sales & Marketing

413-693-0617

MTI Systems Generates Millions of Dollars in Cost Savings with Costimator

MTI Systems Generates Millions of Dollars in Cost Savings with Costimator

According to Thomas Charkiewicz, President of MTI Systems, (www.MTISystems.com) the leading cost estimating software firm since 1982, “Software solutions such as Costimator OEM allow companies to quickly and easily identify the cost drivers in the products they design, manufacture, and procure. This valuable information is then used to explore design alternatives and methods of manufacture that lead to lower cost products with higher profit margins.”

Manufacturing journalist, Thomas R. Cutler, recently authored a feature article for AS411.com regarding the important role of cost-estimating software in driving millions of dollars to bottom-line savings.
Many of the world’s largest and most successful manufacturing organizations need to identify part cost reduction opportunities throughout the product development lifecycle, leading to millions of dollars in cost savings.

One of the key differentiators among various cost estimating technology solutions is the scope and depth of the data library.  The greater the substance of real-world manufacturing data the more valuable and accurate the software will be to the end-users.  Some of the minimum metrics to expect for optimal cost estimating software data libraries include:

  • 200+ Process Cost Models
  • 2,500+ Work Centers
  • 3,500+ Parametric Models
  • 2,400+ Materials
  • 3,400+ Labor & Machine Handling Standards
  • Work Center Shop Rates for several dozen countries

The key to any estimating tool is the reliability of the data it contains.  Charkiewicz noted that as a best of breed cost estimating solution, “Over 95% of the data residing in our database library comes from MTI customers, which includes over 1,000 suppliers and OEM’s. The accumulation of this data over the past twenty eight years is validated during system implementation and then added to the OEM database library. This information is shared with users on support through regular software updates.”

About MTI Systems:

MTI Systems is the leading provider of cost estimating solutions for manufacturing, OEM’s, and Suppliers through the unique technology solution Costimator. MTI Systems offers unique Computer-Aided Cost Estimating (CACE) solutions and is proud to have implemented its solutions at over 1,200 companies with over 10,000 trained users since its inception in 1982.

MTI Systems for OEMs:

Some developers of cost estimating software offer cost estimating services as an alternative to owning and utilizing their tools in-house. MTI Systems, the leading U.S. developer of manufacturing cost estimating software created a division dedicated to cost engineering consulting for OEMs. The company’s cost estimating software products and services are being used worldwide, including Fortune 500 companies such as Caterpillar, IBM, Boeing and UTC.

Cost engineering consultants based in MTI Systems’ West Springfield, Mass. headquarters, use Costimator OEM cost estimating software to provide detailed cost estimates for clients. The technology covers hundreds of manufacturing processes including machining, fabrication, plastics, electronics and assembly. The system comes pre-loaded with average shop rates for over a dozen countries.

MTI Systems for Suppliers:

Suppliers also experience direct benefits from MTI Systems including:

  • Increased RFQ “Win” percentages
  • Reduction in Non-Profitable Jobs
  • Higher Profit Margins
  • Reduced time and expertise required to estimate

MTI Systems recognizes that both Suppliers and OEMs need to identify and understand the cost drivers in the parts they design, manufacture and procure. MTI Systems provides vital data and reports needed to reduce manufacturing costs and increase profitability in all phases of the product development lifecycle. The information helps engineers to design parts and meet target costs. The data also provides purchasing with defendable “should cost” figures, and enables management to analyze “make” versus “buy” decisions.

MTI Systems’ experts observed lack of dependable cost data at any point in the product development lifecycle often leads to missed cost targets, delayed product launches, time consuming re-designs, higher-than necessary manufacturing costs, and ultimately, lower than expected profits.

MTI Systems, Inc.

www.mtisystems.com

David LaJoie

david.lajoie@mtisystems.com

VP Sales & Marketing

413-693-0617

How To Make Sure You'll Get An Effective Driving Simulator Training

How To Make Sure You'll Get An Effective Driving Simulator Training

Driving simulator training is a modern way to learn driving. It is very much different compared to the traditional approach to driving training. Generally, it is effective. However, there are things that you have to do to make sure that training with it will perfectly work.

The major difference between driving simulation and manual training is the machine they use. While the traditional approach uses a real vehicle, the modern option utilizes a simulator. By definition, a simulator is a machine that mimics and then stimulates real environment for various purposes.

There are various industries to which a driving simulator can be used. Those industries are product development, research, entertainment and training. Among them, driving simulation is mostly associated today with training. That is because it can provide a very effective means to learn driving.

As has been said though, there are things that you need to do first to ensure that training with the said modern option will perfectly work. If you won’t implement those things, you will not fully experience the effectiveness of the said training. But just what  are those things?

  • You need to make a research. Know as much as you can about the said modern training. You can join online forums about driving simulation or in any topic related to it. The knowledge that you can gain from your research will basically help you decide if you would really want to learn driving with it.

  • Finalize your decision and be prepared. Analyze the information that you have gathered from your research. Weigh the pros and cons of training with the said new method. If you have decided to really go for it, be prepared. That is be prepared of its financial requirement and the set-up of the training.

  • Choose well your driving school. There are now many driving schools that offer training with the use of driving simulator. In fact, there are even driving simulator training online. However, the training on the web is lacking compared to that in a driving school. When looking for a school though, take a careful look on the course offered. Consider and compare various schools to know which of them is the best to sign up to.

Sure, driving simulation can offer you an effective way to learn driving. In order to get the best out of it though, you have to know how to be in a truly effective driving simulator training.

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Shoplogix’s Board of Directors Now Includes Corporate VP of Microsoft Lindsay Sparks

Shoplogix’s Board of Directors Now Includes Corporate VP of Microsoft Lindsay Sparks

Shoplogix, a leading developer of intelligent performance management software, is pleased to announce the appointment of Lindsay Sparks, currently Corporate Vice President of Microsoft, to the company’s Board of Directors.
Mr. Sparks offers a wealth of knowledge and experience as former VP of World Wide Sales of Products and Services for small and medium-sized businesses at Microsoft, and VP of MSN e-services where he directed the development and deployment of MSN services worldwide. Mr. Sparks has done extensive work with startups both within Microsoft and the software industry and brings valuable business management and technology experience.
Upon Mr. Sparks’ appointment, Shoplogix CEO, Kevin Dwyer said, “We are absolutely delighted to have Lindsay on our Board. His extensive business experience in the technology arena, coupled with his involvement with early stage “start up’s” provides Shoplogix with an executive resource that will make a significant contribution to our business. We look forward to Lindsay’s involvement on our Board and his proactive involvement in our business operations”.

According to Mr. Sparks, “Shoplogix has built a very sophisticated platform and feature rich software product that will deliver very measurable benefits to the manufacturing sector across the board. I am very excited about joining the Shoplogix Board and look forward to working closely with Kevin and his Executive team as they continue to expand their business in North America and establish an International foot print”.

ABOUT SHOPLOGIX
Shoplogix develops intelligent performance management software that optimizes plant floor operations. Shoplogix solutions improve productivity, efficiency, and total operational performance by allowing companies to make real-time decisions that impact profitability while actively engaging employees in the process.

Shoplogix Inc. is a privately held company headquartered in Oakville, Ontario, with offices across North America. The company serves a growing base of Global 2000 companies to set new standards for production performance and efficiency in industrial environments.

PLANTNODE
Plantnode is a hybrid web-based software application designed on an open platform to integrate with existing production equipment, analyze real-time performance, and evaluate machine productivity. Plantnode’s built-in intelligence goes beyond raw data collection to provide a fully integrated production and performance management application; differentiated by the ability to compare real-time data against planned estimates. Plantnode is proven to increase Overall Equipment Effectiveness (OEE) and enables machine level visibility on a 24×7 basis with automatic escalations and interactive processes to drive higher levels of operational efficiency, quality, and performance.

PLANTNODE NETWORK
Plantnode Network is an enterprise web-based software application that consolidates and analyzes operational data for all Plantnode enabled equipment providing a complete and accurate view of production performance. Plantnode Network’s distributed design provides true enterprise scalability to evaluate real-time performance on a plant-wide, multi-site, or global basis.

Optimized Kanban Loop Available in Ultriva Lean Execution Suite 7

Optimized Kanban Loop Available in Ultriva Lean Execution Suite 7.0

Ultriva’s Lean Execution Suite consists of modules like Customer Kanban, Supplier Kanban, Internal Kanban, SBR, Lean Production and OEE, which allow manufacturing companies to systemize, sustain, and scale lean disciplines across the organization.   Ultriva’s flagship product, Collaborative Electronic Kanban, eliminates stock-outs while reducing inventory levels up to 75%. Ultriva modules are in use in more than 130 plants worldwide, incorporating more than 5,000 suppliers, transacting over 1.5 billion dollars of inventory at industry leaders such as AGCO, CNH, Emerson, IR-Trane, McKesson, Rexnord, and ThermoFisher.

Narayan Laksham, CEO of Ultriva, (www.ultriva.com) announced the optimized kanban loop benefits of the Ultriva Lean Suite 7.0 at the 2010 User’s Conference on May 12 – 13. Ultriva is leading the way toward more efficient lean business practices with a practical, automated approach. The company is focused on helping businesses improve collaboration and drive streamlined processes through demand and supply—removing the traditional tiers that can slow down operations. 

Ultriva Lean Suite 7.0:

• Enhanced enterprise wide search feature

• Ability to export data from any grid with 1click

• More analysis tools to support supplier performance and improvement efforts

• Overall Equipment Effectiveness module to capture, analyze and improve operations at the machine and operation level

• Added master label capability to perform shipment or receipt transaction for a group of kanban labels

•Added Run Line Residence Time capability to Kanban sizing

Optimizing the Kanban Loop for Constraint-based Supply

• The Solution – Introduce Run Line Residence Time (RLT)

• RLT – The estimated number of days to consume the minimum order quantity, or Run Line cards – Include RLT in Kanban formula

• By adding RLT to the standard formula, the number of cards required increases to include the Run Line quantity plus the number of cards required to cover Lead Time.

• Add Safety Time based on confidence in Average Daily Usage and Supplier delivery performance

Ultriva

www.ultriva.com

Cindy McGowan

pr@ultriva.com

408.248.9803