Powerful New Cost Model Development Tool

MTI Systems (West Springfield, MA) offers Costimator OEM V9.0.

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MTI Systems (West Springfield, MA) offers Costimator OEM V9.0. It delivers a number of new enhancements that will further enable manufacturing companies to assess, identify and reduce product costs throughout the product development lifecycle. Costimator OEM V9.0 provides users with an expanded set of feature-based cost models for use in the systems feature-based costing methodology. The V9.0 feature library includes cost models for prismatic and cylindrical machined components, sheet metal fabrication and secondary non-machining operations. Another key feature to Costimator OEM V9.0 is the addition of a new cost model development tool called Cost Modeler. This powerful tool enables users of Costimator OEM to develop their own process or feature-based cost models. Costimator OEM provides manufacturing and product companies with a complete cost management solution. Costimator OEM’s three distinct types of estimating methods (feature-based, bottoms-up and parametric) gives users of varying manufacturing skill sets the ability to estimate product costs. Feature-based estimating enables design engineers to estimate the cost of alternative designs quickly and easily based on part features. Bottoms-up, or activity-based estimating, provides procurement organizations with accurate manufacturing times and costs it needs to negotiate with suppliers and identify what a part should cost. Parametric estimating provides users with an instant estimating method based on historical cost data. Being able to identify product costs throughout the product development lifecycle gives Costimator OEM users the ability to implement uniform and predictable costing strategies that result in significant product cost reductions.