• # MIE Solutions Blog

By Dave Ferguson
April 03, 2011
, By Dave Ferguson
April 03, 2011
, By Dave Ferguson
April 03, 2011
, By Dave Ferguson
April 03, 2011
, By Dave Ferguson
April 03, 2011
, By Dave Ferguson
April 03, 2011
, By Dave Ferguson
April 03, 2011
, By Dave Ferguson
April 03, 2011
, By Dave Ferguson
April 03, 2011
, By Dave Ferguson
April 03, 2011
, By Dave Ferguson
April 03, 2011
, By Dave Ferguson
April 03, 2011
, By Dave Ferguson
April 03, 2011
, By Dave Ferguson
April 03, 2011
, By Dave Ferguson
April 03, 2011
, By Dave Ferguson
April 03, 2011

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.
By Dave Ferguson
March 22, 2011
, By Dave Ferguson
March 22, 2011
, By Dave Ferguson
March 22, 2011
, By Dave Ferguson
March 22, 2011
, By Dave Ferguson
March 22, 2011
, By Dave Ferguson
March 22, 2011
, By Dave Ferguson
March 22, 2011
, By Dave Ferguson
March 22, 2011
, By Dave Ferguson
March 22, 2011
, By Dave Ferguson
March 22, 2011
, By Dave Ferguson
March 22, 2011
, By Dave Ferguson
March 22, 2011
, By Dave Ferguson
March 22, 2011
, By Dave Ferguson
March 22, 2011
, By Dave Ferguson
March 22, 2011
, By Dave Ferguson
March 22, 2011

Material Weight In order to estimate the cost of material it is essential that you know the weight of different material gauges and types of material.   Below you will find a list of some common weights dealing with the metal industry and metal...
By Dave Ferguson
February 26, 2011
, By Dave Ferguson
February 26, 2011
, By Dave Ferguson
February 26, 2011
, By Dave Ferguson
February 26, 2011
, By Dave Ferguson
February 26, 2011
, By Dave Ferguson
February 26, 2011
, By Dave Ferguson
February 26, 2011
, By Dave Ferguson
February 26, 2011
, By Dave Ferguson
February 26, 2011
, By Dave Ferguson
February 26, 2011
, By Dave Ferguson
February 26, 2011
, By Dave Ferguson
February 26, 2011
, By Dave Ferguson
February 26, 2011

Direct labor costs are those costs which are performed during the production of some product.  The product can be any type of item from a machined part, computer and vehicle.  Labor is required to change a raw material into a product that may be...
By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011
, By Dave Ferguson
February 10, 2011

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...
By Dave Ferguson
February 05, 2011
, By Dave Ferguson
February 05, 2011
, By Dave Ferguson
February 05, 2011
, By Dave Ferguson
February 05, 2011
, By Dave Ferguson
February 05, 2011
, By Dave Ferguson
February 05, 2011
, By Dave Ferguson
February 05, 2011
, By Dave Ferguson
February 05, 2011
, By Dave Ferguson
February 05, 2011
, By Dave Ferguson
February 05, 2011
, By Dave Ferguson
February 05, 2011
, By Dave Ferguson
February 05, 2011
, By Dave Ferguson
February 05, 2011
, By Dave Ferguson
February 05, 2011
, By Dave Ferguson
February 05, 2011
, By Dave Ferguson
February 05, 2011
, By Dave Ferguson
February 05, 2011
, By Dave Ferguson
February 05, 2011

An interesting situation when creating estimates is determining which estimates to spend time on and which estimates are too costly to put the effort into.  In a tough economy, your company takes on jobs that don't lead to a reasonable profit, but...
By Dave Ferguson
October 15, 2009
, By Dave Ferguson
October 15, 2009
, By Dave Ferguson
October 15, 2009
, By Dave Ferguson
October 15, 2009
, By Dave Ferguson
October 15, 2009
, By Dave Ferguson
October 15, 2009
, By Dave Ferguson
October 15, 2009
, By Dave Ferguson
October 15, 2009
, By Dave Ferguson
October 15, 2009
, By Dave Ferguson
October 15, 2009
, By Dave Ferguson
October 15, 2009
, By Dave Ferguson
October 15, 2009
, By Dave Ferguson
October 15, 2009
, By Dave Ferguson
October 15, 2009
, By Dave Ferguson
October 15, 2009
, By Dave Ferguson
October 15, 2009
, By Dave Ferguson
October 15, 2009
, By Dave Ferguson
October 15, 2009
, By Dave Ferguson
October 15, 2009
, By Dave Ferguson
October 15, 2009

In job shop estimating where does efficiency play a role?  When you are estimating generally ask yourself how many "Man Hours" are required to producing the part or performing a specific operation.
By Dave Ferguson
July 16, 2009
, By Dave Ferguson
July 16, 2009
, By Dave Ferguson
July 16, 2009
, By Dave Ferguson
July 16, 2009
, By Dave Ferguson
July 16, 2009
, By Dave Ferguson
July 16, 2009
, By Dave Ferguson
July 16, 2009
, By Dave Ferguson
July 16, 2009
, By Dave Ferguson
July 16, 2009
, By Dave Ferguson
July 16, 2009
, By Dave Ferguson
July 16, 2009
, By Dave Ferguson
July 16, 2009
, By Dave Ferguson
July 16, 2009
, By Dave Ferguson
July 16, 2009
, By Dave Ferguson
July 16, 2009
, By Dave Ferguson
July 16, 2009
, By Dave Ferguson
July 16, 2009
, By Dave Ferguson
July 16, 2009

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...
By Dave Ferguson
July 11, 2009
, By Dave Ferguson
July 11, 2009
, By Dave Ferguson
July 11, 2009
, By Dave Ferguson
July 11, 2009
, By Dave Ferguson
July 11, 2009
, By Dave Ferguson
July 11, 2009
, By Dave Ferguson
July 11, 2009
, By Dave Ferguson
July 11, 2009
, By Dave Ferguson
July 11, 2009
, By Dave Ferguson
July 11, 2009
, By Dave Ferguson
July 11, 2009
, By Dave Ferguson
July 11, 2009
, By Dave Ferguson
July 11, 2009
, By Dave Ferguson
July 11, 2009

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...