Posts Tagged ‘rfq’

MIE Solutions Releases New Automated Supplier RFQ in MIE Trak Pro

MIE Solutions Releases Cloud-based Managed Services For MIE Trak Pro MIE Trak Pro Is Now Available On The Cloud!   Monday, February 22, 2016 – Garden Grove, CA – MIE Solutions (www.mie-solutions.com) today announced cloud-based managed services for their MIE Trak Pro ERP offering. There are a number of areas that set our MIE Trak…

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Fixed and Variable Costs

There are two main types of costs – fixed and variable.  If something is being manufactured, it consists of both fixed and variable costs.  Fixed costs are those that do not change based on a quantity.  This means the cost is fixed if you produce 1 or 1000 pieces.  Some of these costs would be…

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Techniques for Cost Estimating

The basic cost estimating techniques involve analyzing all factors that make up a cost estimate. The first technique I would follow is to go through the following steps, systematically, and costing each one out in detail. Once you have gone through the basic steps, you will have all the cost information required for the estimate. 1.…

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Purpose of Cost Estimating

There are numerous purposes behind cost estimating, including the following: 1. A manufacturer can determine if the project or product is cost-effective to the manufacturer prior to the manufacturing process. 2. There are various alternatives to manufacturing and cost estimating can determine the economic feasibility of manufacturing the project or product by different methods 3.…

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Profit Improvement and Cost Reduction Part 1

Talking about profit improvement and cost reduction we cannot leave out the importance of estimating accurately.  There are a few ways to reach the goal of both profit improvement and cost reduction. Increase your prices which improves profit, but only if that does not drive away customers. Increase sales if your fixed costs stay the…

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Estimating is more than Setup and Run Time Part 2

In the not to distant past many manufacturing processes were very labor intensive.  In countries such as China and India there is still a great deal of manual labor intensive manufacturing.  I remember as a child I worked in my Father’s sheet metal shop and the machine of choice was a Strippit 30/30.  I have…

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How To : Manufacturing Hourly Rate Calculation

Sheet metal, CNC shops, machine shops and many other job shops provide a valuable service to their customers.  For a job shop to be a profitable business, the service rate should cover the cost of doing business plus have a certain amount of margin or profit built into the price customers pay. If this is too low,…

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Fabrication Workcenter Overhead Rates

When you quote a job and its operations you need to make sure you quote it accurately. Its very important to know that when you quote a job that your rates are high enough to actually turn a profit. [polldaddy poll=2007715] Welcome to the MIE Solutions Job Shop Estimating blog. Fabrication software as in sheet…

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How To Estimate Handling Time

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…

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