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    MIE Solutions Blog

Engineer To Order Material Costs

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.
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Raw Material Sheets Cost Calculation

By Dave Ferguson
March 05, 2011
, By Dave Ferguson
March 05, 2011
, By Dave Ferguson
March 05, 2011
, By Dave Ferguson
March 05, 2011
, By Dave Ferguson
March 05, 2011
, By Dave Ferguson
March 05, 2011
, By Dave Ferguson
March 05, 2011
, By Dave Ferguson
March 05, 2011
, By Dave Ferguson
March 05, 2011
, By Dave Ferguson
March 05, 2011
, By Dave Ferguson
March 05, 2011
, By Dave Ferguson
March 05, 2011
, By Dave Ferguson
March 05, 2011
, By Dave Ferguson
March 05, 2011
, By Dave Ferguson
March 05, 2011
, By Dave Ferguson
March 05, 2011
, By Dave Ferguson
March 05, 2011
, By Dave Ferguson
March 05, 2011

Raw material sheets include plates, sheets, plywood and any other commodity item which is x,y and thickness dimensional.  Raw material is usually purchased by weight and is a commodity.  I'm going to define commodities as items where their price...
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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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Job Costing Software

By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011
, By Dave Ferguson
February 09, 2011

Job Costing has been around for many years to determine the cost of manufacturing a given product.  The process by which the expenses are record is costing.  Job costing software should make the process of recording the transaction simpler and not...
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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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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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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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Manufacturing Efficiency in Estimating

By Dave Ferguson
November 09, 2009
, By Dave Ferguson
November 09, 2009
, By Dave Ferguson
November 09, 2009
, By Dave Ferguson
November 09, 2009
, By Dave Ferguson
November 09, 2009
, By Dave Ferguson
November 09, 2009
, By Dave Ferguson
November 09, 2009
, By Dave Ferguson
November 09, 2009
, By Dave Ferguson
November 09, 2009
, By Dave Ferguson
November 09, 2009
, By Dave Ferguson
November 09, 2009
, By Dave Ferguson
November 09, 2009
, By Dave Ferguson
November 09, 2009
, By Dave Ferguson
November 09, 2009
, By Dave Ferguson
November 09, 2009
, By Dave Ferguson
November 09, 2009

How many of you have estimated a job and wonder how anyone could do it any cheaper and make money?  Well your not alone in your thinking.   There are manufacturers that are using reverse auctions in order to try to get more work and pick up new...
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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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