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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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Estimating the Costs of Estimates

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...
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Cost Estimate Types

By Dave Ferguson
February 02, 2011
, By Dave Ferguson
February 02, 2011
, By Dave Ferguson
February 02, 2011
, By Dave Ferguson
February 02, 2011
, By Dave Ferguson
February 02, 2011
, By Dave Ferguson
February 02, 2011
, By Dave Ferguson
February 02, 2011
, By Dave Ferguson
February 02, 2011
, By Dave Ferguson
February 02, 2011
, By Dave Ferguson
February 02, 2011
, By Dave Ferguson
February 02, 2011
, By Dave Ferguson
February 02, 2011
, By Dave Ferguson
February 02, 2011
, By Dave Ferguson
February 02, 2011
, By Dave Ferguson
February 02, 2011
, By Dave Ferguson
February 02, 2011
, By Dave Ferguson
February 02, 2011
, By Dave Ferguson
February 02, 2011
, By Dave Ferguson
February 02, 2011

There are different types of cost estimates including "Rough Approximation" of cost which can be a conceptual design, preliminary design and then a detailed estimate or quote.
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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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How To : Manufacturing Hourly Rate Calculation

By Dave Ferguson
January 20, 2010
, By Dave Ferguson
January 20, 2010
, By Dave Ferguson
January 20, 2010
, By Dave Ferguson
January 20, 2010
, By Dave Ferguson
January 20, 2010
, By Dave Ferguson
January 20, 2010
, By Dave Ferguson
January 20, 2010
, By Dave Ferguson
January 20, 2010
, By Dave Ferguson
January 20, 2010
, By Dave Ferguson
January 20, 2010
, By Dave Ferguson
January 20, 2010
, By Dave Ferguson
January 20, 2010
, By Dave Ferguson
January 20, 2010
, By Dave Ferguson
January 20, 2010
, By Dave Ferguson
January 20, 2010
, By Dave Ferguson
January 20, 2010
, By Dave Ferguson
January 20, 2010
, By Dave Ferguson
January 20, 2010

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...
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What is Forward and Backward Scheduling

By Dave Ferguson
January 15, 2010
, By Dave Ferguson
January 15, 2010
, By Dave Ferguson
January 15, 2010
, By Dave Ferguson
January 15, 2010
, By Dave Ferguson
January 15, 2010
, By Dave Ferguson
January 15, 2010
, By Dave Ferguson
January 15, 2010
, By Dave Ferguson
January 15, 2010
, By Dave Ferguson
January 15, 2010
, By Dave Ferguson
January 15, 2010
, By Dave Ferguson
January 15, 2010
, By Dave Ferguson
January 15, 2010
, By Dave Ferguson
January 15, 2010
, By Dave Ferguson
January 15, 2010
, By Dave Ferguson
January 15, 2010
, By Dave Ferguson
January 15, 2010
, By Dave Ferguson
January 15, 2010

MIE Solutions offers a made to order job shop ERP system designed for the manufacturer of goods and products.  Most accounting systems are designed for the basic AR, AP and GL side of financials where a manufacturing software product deals with the...
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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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Exploded Bill Of Materials

By Dave Ferguson
December 29, 2009
, By Dave Ferguson
December 29, 2009
, By Dave Ferguson
December 29, 2009
, By Dave Ferguson
December 29, 2009
, By Dave Ferguson
December 29, 2009
, By Dave Ferguson
December 29, 2009
, By Dave Ferguson
December 29, 2009
, By Dave Ferguson
December 29, 2009
, By Dave Ferguson
December 29, 2009
, By Dave Ferguson
December 29, 2009
, By Dave Ferguson
December 29, 2009
, By Dave Ferguson
December 29, 2009
, By Dave Ferguson
December 29, 2009
, By Dave Ferguson
December 29, 2009
, By Dave Ferguson
December 29, 2009
, By Dave Ferguson
December 29, 2009

Estimating large projects requires an exploded bill of materials in order to get a good understanding of the requirements.   The larger the project you have to estimate the more in depth the bill of materials will be.   If you are estimating you...
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