Posts Tagged ‘quoting’

Estimating For Paint Lines (Part 2 of 2)

As technology has improved over the years, paint lines have become more commonplace throughout job shops. The ability to estimate how much a part costs is now more complicated due to the batch process and automation of paint lines. This entry will show you a sample formula for estimating “time per part”. Variables FeetPerMinute VerticalParts…

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Quick Tip: Commodities

Commodities           What are commodities? Commodities are raw ingredients or components that make up any product.   In manufacturing, some common commodities include aluminum, copper, and steel.       The price of commodities is continuously fluctuating, so the cost of producing a part can change from one order to the…

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Quick Tip: How to Estimate Quotes Consistently

Quick Tips – How to Estimate Quotes Consistently Estimating quotes consistently among multiple estimators is a difficulty many manufacturers face. An experienced estimator can price a part quicker than one that who is newer to the process. The longer you have someone estimating for your company, the better they can quote something from memory. The…

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Job Quoting Key Aspects

Here are some key aspects to quoting and estimating. 1. Material costs This includes both raw material and purchased components like nuts, bolts, screws, etc. 2. Tooling costs 3. Welding fixture costs and other fixture costs 4. Burden rate of the machine(s) the part runs on 5. Overhead (Indirect Labor) 6. Insurance 7. Depreciation 8. Labor…

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Punch Press Estimating and the First CNC Punch Press

Punch press estimating is a very common way to put wholes in sheet metal parts. Punch presses have been around since 1955.  The Wiedemann Machine Company was established in Philadelphia, Pennsylvania in 1916 and over the years developed and produced a variety of machines. Wiedemann unveiled the world’s first NC turret punch press at a machine…

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Laser Cutting Estimating

Laser cutting sheet metal parts is very common in the industry.  Not too many years ago laser cutting was new and estimating the costs was new.  Now, laser cutting estimating has become much more accurate through software simulations. The simplest way to estimate laser cutting time and material is using the actual laser programming software…

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Job Estimating Software MIE QuoteIt Has New Features

Quoting and estimating software can be found in many products.  One of the industries that have the most estimating software packages is construction where you see a plethora of options available.  Job shop estimating software is also common but it is usually tied directly into the companies ERP/MRP system.  MIE QuoteIt from MIE Solutions has an…

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Analysis Of Overhead Expenses

Overhead expenses are all the costs not directly associated with the manufacturing of a specific product.  Raw material costs and direct labor are two examples which do not fall into the category of overhead expenses.  These costs are incurred by the manufacturer but cannot identified as part of the direct product costs. One of the…

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Engineer To Order Material Costs

Now that we have been investigating many of the details of material costs in quotations, we will now take a look at the mathematical calculations required. Engineer To Order Material Costs Step 1)  Determine the quantity of parts required.   This is the number of parts required to make the end product.  In many situations…

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Material Estimating

Material estimating can be simple to complex depending on the particular job you are estimating.   Raw material is a commodity which could include metal sheets, wood, bars, plastic, plates, block of metal, etc.  These items are purchased from a supplier and are usually priced at a per unit weight price. A few examples 1.…

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