Use of Cost Estimating Software Grows

"OEM's and Tier 1 suppliers face an increasing need to cut costs to maintain their competitiveness in today's global marketplace," says Dr. David LaJoie, vice president of Sales & Marketing at MTI Systems. "These organizations choose Costimator OEM because it allows them to quickly and accurately identify cost savings opportunities throughout the product lifecycle, from early product design through production."

By securing six new contracts for multi-user licenses of the company's Costimator OEM solution, NTI has capped off a year of record sales. Manufacturers have used the program for more than 23 years.

The software enables companies to determine what parts should cost, which allows them to implement uniform and predictable costing strategies while realizing cost savings that are claimed to be as much as 20 to 50%.

The system also permits design and cost engineers to evaluate how making functional or design changes in parts effects manufacturing costs. To learn more, visit the web site, http://www.mtisystems.com.