We Post About: Our Company, Our Customers, and Our Community

MIE Solutions Blog

Facebook @miesolutionsUS | Instagram @miesolutions | Twitter @miesolutions

Machine Shop Rates Part 1

By Dave Ferguson | Aug 24, 2009 | 0 Comments

Welcome to the MIE Solutions Job Shop Estimating  blog. MIE Solutions ERP system provides a comprehensive job shop software to deal with the many problems issues a job shop encounters.  Estimating has become a critical factor in many job shops in order to determine the best price for custom and made to order manufactured parts.…

Read More

Standard Shop Rate

By Dave Ferguson | Aug 11, 2009 | 0 Comments

Do you remember when it was time to quote and you sat down with your specifications, pencil and paper and started to write down how long each processes would take to manufacture the given specifications.   You would add up all the setup time, then go through and add up all the cycle time per…

Read More

Calculating Shop Rates Using The Income Statement

By Dave Ferguson | Aug 1, 2009 | 0 Comments

We are going to spend the next few posts reviewing what an income sheet is and how the income sheet will help you determine you shop rates. From Wikipedia the definition of income statement is Income statement, also called profit and loss statement (P&L) and Statement of Operations, is a company’s financial statement that indicates how the revenue…

Read More

Introduction To Shop Rates

By Dave Ferguson | Jul 21, 2009 | 0 Comments

Labor used to produce products and services purchased by customers. These man-hours are directly attributable to customer activity. Lab A few years ago before computers, excel spreadsheets and calculators most organization used a standard shop rate for any labor that was occuring during a process.   Now that computers can easily calculate figures organizations have…

Read More

Calculating Cycle Time with Estimating Software

By Dave Ferguson | Jul 16, 2009 | 0 Comments

Calculating the entire operation costs depends on both setup and cycle time.   In order accurately estimate your costs to complete a job you must be as accurate as possible during the estimating process.   If you spend too much time estimating you will be burning a lot of cycles which costs money.   If…

Read More

Price Quote Software Handles Inspection

By Dave Ferguson | Jul 11, 2009 | 0 Comments

Job shop estimating is not the most complex job in the job shop, but it does have a lot of little details which should be dealt with during the estimating process.   Inspection is a category of the cycle time which is not normally considered during the quoting process.    I mentioned earlier that the…

Read More

How To Estimate Handling Time

By Dave Ferguson | Jul 7, 2009 | 0 Comments

Shop estimating is pretty complex and shop estimating software needs to be handle all types of scenarios.    One of those situations is handling time calculations.   Handling time is defined as the time it takes during the cycle time phase of production to move the material in place to begin a step and the time…

Read More

Manufacturing Estimating Cycle Time

By Dave Ferguson | Jun 29, 2009 | 0 Comments

Estimating labor is a critical job to accurately cost a part. Cycle time includes both handling time and run time.

Read More

Quoting Dependencies Between Operations

By Dave Ferguson | Jun 24, 2009 | 0 Comments

When there are dependencies between operations, delays in handling, transportation, transmission or thinking time, etc. between operation steps we refer to this as lag time.

Read More

What is Setup Time?

By Dave Ferguson | Jun 17, 2009 | 0 Comments

Discussion of the different components of setup time during a manufacturing operation.

Read More