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    MIE Solutions Blog

MIE Solutions Releases New Automated Supplier RFQ in MIE Trak Pro

By MIE Solutions Marketing
September 07, 2016
, By MIE Solutions Marketing
September 07, 2016
, By MIE Solutions Marketing
September 07, 2016
, By MIE Solutions Marketing
September 07, 2016
, By MIE Solutions Marketing
September 07, 2016


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Fixed and Variable Costs

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...
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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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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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Fabrication Workcenter Overhead Rates

By Dave Ferguson
September 17, 2009
, By Dave Ferguson
September 17, 2009
, By Dave Ferguson
September 17, 2009
, By Dave Ferguson
September 17, 2009
, By Dave Ferguson
September 17, 2009
, By Dave Ferguson
September 17, 2009
, By Dave Ferguson
September 17, 2009
, By Dave Ferguson
September 17, 2009
, By Dave Ferguson
September 17, 2009
, By Dave Ferguson
September 17, 2009
, By Dave Ferguson
September 17, 2009
, By Dave Ferguson
September 17, 2009
, By Dave Ferguson
September 17, 2009
, By Dave Ferguson
September 17, 2009
, By Dave Ferguson
September 17, 2009
, By Dave Ferguson
September 17, 2009
, By Dave Ferguson
September 17, 2009
, By Dave Ferguson
September 17, 2009
, By Dave Ferguson
September 17, 2009

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.
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How To Estimate Handling Time

By Dave Ferguson
July 07, 2009
, By Dave Ferguson
July 07, 2009
, By Dave Ferguson
July 07, 2009
, By Dave Ferguson
July 07, 2009
, By Dave Ferguson
July 07, 2009
, By Dave Ferguson
July 07, 2009
, By Dave Ferguson
July 07, 2009
, By Dave Ferguson
July 07, 2009
, By Dave Ferguson
July 07, 2009
, By Dave Ferguson
July 07, 2009
, By Dave Ferguson
July 07, 2009
, By Dave Ferguson
July 07, 2009
, By Dave Ferguson
July 07, 2009

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...
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Quoting Dependencies Between Operations

By Dave Ferguson
June 24, 2009
, By Dave Ferguson
June 24, 2009
, By Dave Ferguson
June 24, 2009
, By Dave Ferguson
June 24, 2009
, By Dave Ferguson
June 24, 2009
, By Dave Ferguson
June 24, 2009
, By Dave Ferguson
June 24, 2009
, By Dave Ferguson
June 24, 2009
, By Dave Ferguson
June 24, 2009
, By Dave Ferguson
June 24, 2009
, By Dave Ferguson
June 24, 2009

I talked previously about job cost estimating setup time.   The four areas that were spoken about where staging time, setup time, transit time and tear down time.   Each one of these 4 processes actually would add costs to an estimate.   Lag time...
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