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    MIE Solutions Blog

Techniques for Cost Estimating

By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011
, By Dave Ferguson
February 08, 2011

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...
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Purpose of Cost Estimating

By Dave Ferguson
February 07, 2011
, By Dave Ferguson
February 07, 2011
, By Dave Ferguson
February 07, 2011
, By Dave Ferguson
February 07, 2011
, By Dave Ferguson
February 07, 2011
, By Dave Ferguson
February 07, 2011
, By Dave Ferguson
February 07, 2011
, By Dave Ferguson
February 07, 2011
, By Dave Ferguson
February 07, 2011
, By Dave Ferguson
February 07, 2011
, By Dave Ferguson
February 07, 2011
, By Dave Ferguson
February 07, 2011
, By Dave Ferguson
February 07, 2011
, By Dave Ferguson
February 07, 2011
, By Dave Ferguson
February 07, 2011
, By Dave Ferguson
February 07, 2011
, By Dave Ferguson
February 07, 2011
, By Dave Ferguson
February 07, 2011
, By Dave Ferguson
February 07, 2011
, By Dave Ferguson
February 07, 2011

There are numerous purposes behind cost estimating, including the following:
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Profit Improvement and Cost Reduction Part 1

By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011
, By Dave Ferguson
January 30, 2011

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.
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Cost Estimating Versus Cost Accounting

By Dave Ferguson
October 26, 2010
, By Dave Ferguson
October 26, 2010
, By Dave Ferguson
October 26, 2010
, By Dave Ferguson
October 26, 2010
, By Dave Ferguson
October 26, 2010
, By Dave Ferguson
October 26, 2010
, By Dave Ferguson
October 26, 2010
, By Dave Ferguson
October 26, 2010
, By Dave Ferguson
October 26, 2010
, By Dave Ferguson
October 26, 2010
, By Dave Ferguson
October 26, 2010
, By Dave Ferguson
October 26, 2010
, By Dave Ferguson
October 26, 2010
, By Dave Ferguson
October 26, 2010
, By Dave Ferguson
October 26, 2010
, By Dave Ferguson
October 26, 2010
, By Dave Ferguson
October 26, 2010
, By Dave Ferguson
October 26, 2010

What is the difference between cost estimating and cost accounting?
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Estimating is more than Setup and Run Time Part 2

By Dave Ferguson
September 24, 2010
, By Dave Ferguson
September 24, 2010
, By Dave Ferguson
September 24, 2010
, By Dave Ferguson
September 24, 2010
, By Dave Ferguson
September 24, 2010
, By Dave Ferguson
September 24, 2010
, By Dave Ferguson
September 24, 2010
, By Dave Ferguson
September 24, 2010
, By Dave Ferguson
September 24, 2010
, By Dave Ferguson
September 24, 2010
, By Dave Ferguson
September 24, 2010
, By Dave Ferguson
September 24, 2010
, By Dave Ferguson
September 24, 2010
, By Dave Ferguson
September 24, 2010
, By Dave Ferguson
September 24, 2010
, By Dave Ferguson
September 24, 2010
, By Dave Ferguson
September 24, 2010
, By Dave Ferguson
September 24, 2010
, By Dave Ferguson
September 24, 2010
, By Dave Ferguson
September 24, 2010
, By Dave Ferguson
September 24, 2010
, By Dave Ferguson
September 24, 2010

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...
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Estimating is more than Setup and Run Time Part 1

By Dave Ferguson
July 19, 2010
, By Dave Ferguson
July 19, 2010
, By Dave Ferguson
July 19, 2010
, By Dave Ferguson
July 19, 2010
, By Dave Ferguson
July 19, 2010
, By Dave Ferguson
July 19, 2010
, By Dave Ferguson
July 19, 2010
, By Dave Ferguson
July 19, 2010
, By Dave Ferguson
July 19, 2010
, By Dave Ferguson
July 19, 2010
, By Dave Ferguson
July 19, 2010
, By Dave Ferguson
July 19, 2010
, By Dave Ferguson
July 19, 2010
, By Dave Ferguson
July 19, 2010
, By Dave Ferguson
July 19, 2010
, By Dave Ferguson
July 19, 2010
, By Dave Ferguson
July 19, 2010

Many estimators put a lot of time into figuring out how to estimate setup time.  Setup time is a key component when doing estimates for basic operations like shearing, forming, laser, punch presss or any other operation which requires a setup...
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Estimating Software Guide

By Dave Ferguson
February 01, 2010
, By Dave Ferguson
February 01, 2010
, By Dave Ferguson
February 01, 2010
, By Dave Ferguson
February 01, 2010
, By Dave Ferguson
February 01, 2010
, By Dave Ferguson
February 01, 2010
, By Dave Ferguson
February 01, 2010
, By Dave Ferguson
February 01, 2010
, By Dave Ferguson
February 01, 2010
, By Dave Ferguson
February 01, 2010
, By Dave Ferguson
February 01, 2010
, By Dave Ferguson
February 01, 2010
, By Dave Ferguson
February 01, 2010
, By Dave Ferguson
February 01, 2010
, By Dave Ferguson
February 01, 2010
, By Dave Ferguson
February 01, 2010

There are many different type of software estimating package for made to order manufacturing Made to order manufacturing includes any custom job shop type work including sheet metal, machining, wood working, stamping, press work, printing which all...
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Introduction To Job Shop Scheduling

By Dave Ferguson
January 11, 2010
, By Dave Ferguson
January 11, 2010
, By Dave Ferguson
January 11, 2010
, By Dave Ferguson
January 11, 2010
, By Dave Ferguson
January 11, 2010
, By Dave Ferguson
January 11, 2010
, By Dave Ferguson
January 11, 2010
, By Dave Ferguson
January 11, 2010
, By Dave Ferguson
January 11, 2010
, By Dave Ferguson
January 11, 2010
, By Dave Ferguson
January 11, 2010

    Welcome to the MIE Solutions Job Shop Scheduling blog. MIE Solutions ERP system provides a comprehensive job shop scheduling software to deal with the many problems scheduling a job shop encounters.
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What Are Bill Of Materials?

By Dave Ferguson
December 12, 2009
, By Dave Ferguson
December 12, 2009
, By Dave Ferguson
December 12, 2009
, By Dave Ferguson
December 12, 2009
, By Dave Ferguson
December 12, 2009
, By Dave Ferguson
December 12, 2009
, By Dave Ferguson
December 12, 2009
, By Dave Ferguson
December 12, 2009
, By Dave Ferguson
December 12, 2009
, By Dave Ferguson
December 12, 2009
, By Dave Ferguson
December 12, 2009
, By Dave Ferguson
December 12, 2009
, By Dave Ferguson
December 12, 2009
, By Dave Ferguson
December 12, 2009

A good definition of Bill of materials comes from wikipedia
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Cost Estimating Purchased Parts Or Materials

By Dave Ferguson
December 08, 2009
, By Dave Ferguson
December 08, 2009
, By Dave Ferguson
December 08, 2009
, By Dave Ferguson
December 08, 2009
, By Dave Ferguson
December 08, 2009
, By Dave Ferguson
December 08, 2009
, By Dave Ferguson
December 08, 2009
, By Dave Ferguson
December 08, 2009
, By Dave Ferguson
December 08, 2009
, By Dave Ferguson
December 08, 2009
, By Dave Ferguson
December 08, 2009
, By Dave Ferguson
December 08, 2009
, By Dave Ferguson
December 08, 2009
, By Dave Ferguson
December 08, 2009
, By Dave Ferguson
December 08, 2009
, By Dave Ferguson
December 08, 2009

Bill of material items are those items which are purchased as raw materials and used to combine with other products and services to produce a new product.   Job costing bill of materials is a critical step in the estimating and quoting process....
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