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Costimator Cost Estimating Software

Costimator Cost Estimating Software

What Is Costimator Cost Estimating Software?

Costimator is an manufacturing estimating and quoting software that has been trusted by suppliers, OEMs, and engineering firms from all over the world. While the system provides out-of-the-box data which accelerates implementation, it's high level of configurability allows the product to form fit companies in all industries from around the world, utilizing their specific capabilities, technologies, strategies, and nuances when necessary. In turn, this creates detailed estimates which not only equate to high levels of accuracy, but allows companies to truly understand why a part cost what it cost. Along with top tier product support and training, Costimators' centralized database increases consistency, reduces labor cost, increase hit ratios, and can increase throughput by up to 80%. This easy to use, easy to update and manage system has increased productivity and profits for 1000's of manufacturing companies since 1982.

Who Uses Costimator Cost Estimating Software?

Designed for suppliers, OEMs, and engineering firms, Costimator is the manufacturing's most trusted estimating, quoting, and should cost tool for all manufacturing verticals.

Costimator Cost Estimating Software Software - Manufacturing estimating costing a machined part for quoting.

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Costimator Cost Estimating Software

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Reviews of Costimator Cost Estimating Software

Average score

Overall
3.8
Ease of Use
3.8
Customer Service
4.2
Features
3.6
Value for Money
3.7

Reviews by company size (employees)

  • <50
  • 51-200
  • 201-1,000
  • >1,001

Find reviews by score

5
38%
4
38%
2
8%
1
15%
Verified Reviewer
Verified LinkedIn User
Automotive, 51–200 Employees
Used the Software for: 1-5 months
Reviewer Source

Process Driven

4.0 6 years ago

Pros:

Dynamic, allows for development of processes.

Cons:

More graphing capability to show comparisons

Alessandro
Systems Developer in US
Architecture & Planning, 2–10 Employees
Used the Software for: 1+ year
Reviewer Source

Determined Cost Managing Program

5.0 8 months ago

Pros:

Costimator Cost brings the stipulated expenses for every business operation, and there are authentic reporting for accuracy.

Cons:

Costimator Cost is informative, and there is accountability, hence, smooth for companies.

Scott
President in US
Medical Devices, 51–200 Employees
Used the Software for: 1-5 months
Reviewer Source

Beware of Limitations

2.0 4 years ago

Comments: I am President of a company that recently purchased Costimator and 3DFX. We did a demo with one of our products and called two references. Our experience using the product in the first three months has unfortunately shown that 3DFX is so poor at recognizing features, and the system requires us to tell it everything about how our machines and processes run, from scratch, that it provided very little of the promised benefit. I gave it 2 stars because if you have highly custom products (like one of our sales engineers handles) and are willing to put all your speeds and feeds in and dont need 3DFX for anything more than a model viewer (which you can get for free), it does add some value. If you expect it to recognize enough features automatically or have any intelligence about how to make your product even after you give it your machine speeds and feeds you will be sadly disappointed!

Pros:

If you're willing to invest the time to put all your tools x materials x speeds and feeds and dont need the auto feature recognition of 3DFX you may be happy with Costimator.

Cons:

3DFX either doesnt recognize at least half the features on even what we consider an easy part let alone a complex one, or it gets the feature wrong and you have to catch it. Especially irregular features.

Scott
Process Engineer/Cost Estimator in US
Machinery, 501–1,000 Employees
Used the Software for: 2+ years
Reviewer Source

Costimator makes our quotes and estimating accurate, consistent, and fast!

5.0 6 years ago

Comments: Costimator makes our quoting and estimating accurate, consistent, and fast regardless of the user and their knowledge. Which in turn allows our products to be priced accurately and consistently for the customer. Landoll Corp. has seen it's most productive and financially best years since Costimator has been in use since 2009.

Pros:

Cost Modeler feature allows the user to make estimating tools that accurately reflect the company's processes and work centers.

Cons:

I wish I could modify and save the window sizes so that they open up the same size that I want every time.

Gene
Quotation Engineer in US
Airlines/Aviation, 501–1,000 Employees
Used the Software for: 2+ years
Reviewer Source

Works for mostly everything I need.

4.0 6 years ago

Comments: Costimator allows me to create quoting templates that can be used and modified easily to create new estimates from similar quotes.

Pros:

Easily configurable for any manufacturing process.

Cons:

Takes a while to get it dialed in. Reports can be rather confusing at times to someone who is not familiar with the output.

Chuck
Controller in US
Machinery, 2–10 Employees
Used the Software for: 1-5 months
Reviewer Source

WHAT A MISTAKE!!!

1.0 8 years ago

Comments: Buying this software was a terrible mistake. We just got training on the software and found out that the software does not take material volume into account when calculating the machining time. This is completely unacceptable! How can you estimate machine time without regard for the stock????!?! After complaining to the salesman, we were told that they don't do refunds. DON'T BUY THIS SOFTWARE

Pros:

Not a redeeming quality

Cons:

This software seems to be a series of spreadsheet calculations which comes up with a coarse estimate for costing. Anyone with a excel could do the same thing. Anyone with a modern CAD/CAM system can get more accurate cycle time estimates that this crude software.

MTI Systems Response

7 years ago

Chuck, I'm sorry you see our software in that light. The reason why so many companies (over 1,700 in 35 years) use Costimator is because while it is not quite as accurate as a CAD/CAM system, it's faster, easier to use and doesn't require a 3D model or CNC programmer to operate. Costimator does take into account the raw material properties (stock size, shape, speeds & feeds, etc.) amongst other factors (machine min/max RPM, HP, tool change time, etc.) when calculating cycle times. I'm guessing your misunderstanding of what factors Costimator takes into account when generating a cycle time estimates may be related to the fact that you only completed 25% of our training program. We certainly would like you to feel good about your investment in our product, so if you would like to complete the training please let us know and we would be happy to arrange that for you.

ROBERT
ESTIMATOR/INSIDE SALES in US
Electrical/Electronic Manufacturing, 51–200 Employees
Used the Software for: 2+ years
Reviewer Source

moose

5.0 6 years ago

Comments: THE KEY TO SUCCESS IN A JOB SHOP THESE DAYS ARE TO TURN THE QUOTES AROUND FAST AND ACCURATE.

Pros:

EASE OF USE, COST MODELERS ARE GREAT, SPEED, ACCURACY

Cons:

NOTHING IT WORKS GREAT, MEETS ALL OUR NEEDS

Paul Mervin
Technical Lead in India
Mechanical or Industrial Engineering, 10,000+ Employees
Used the Software for: 6-12 months
Reviewer Source

Review on Costimator

4.0 4 years ago

Comments: Very Good, But can be even more better. Less knowledge in deployment.

Pros:

Easy to use Ease of handling the application

Cons:

Varied set up Options for process were less Have to Select all processes with manual entry of data

Scott
Industrial Engineering
Used the Software for: Not provided
Reviewer Source

Costimator works in Kansas

4.0 13 years ago

Comments: I really like Costimator. I would recommend the software to anyone that needs a software that is easy to use, comes loaded with accurate information, and has the flexibility, with the Cost Modeler Feature, for the user to design the software to match their companies needs and requirements.

Pros:

-Easy to learn and use (even with limited knowledge) -Keep software current and improving -Cost Modeler (great feature that allows the user to custom design the software to their needs) -MTI stays in contact after the sale -Scan and attach feature (attach documents to software) -Reports feature -Notes feature -Windows based -Software comes full of features and databases of information -Pictures showing the different tools for reference -Webinars

Cons:

-Feature for 3D CAD software file -Easier to create reports (of the information the user wants)

MTI Systems Response

13 years ago

Thanks for the feedback. -Jay Snow, Marketing Manager, www.mtisystems.com

Tony
President in US
Machinery, 2–10 Employees
Used the Software for: 1-5 months
Reviewer Source

Terrible software. Basically garbage

1.0 8 years ago

Comments: We have tried to contact MTI since they responded to our reviews offering to complete training. They are not answering after several attempts in writing. They lied in their response about the capabilities of the software and also lied about offering to do training. This is not a company anyone should consider doing business with.

Pros:

Salesman was very convincing

Cons:

Using it. The 3DFX option for solid model import is very weak and the system doesn't account for raw material in its machining calculations.

MTI Systems Response

7 years ago

Tony, I'm sorry you feel that way but the fact is that Costimator/3DFX does take into account the type and size of the raw material when calculating cycle times. Over 65% of our 1,700 customers use Costimator/3DFX to estimate machining times, the vast majority of which use it to estimate rough machining times as well as finish machining. Costimator is quite different than a spreadsheet program, as it is a database driven tool that contains real world manufacturing data. Your misunderstanding of how our tool works may be related to the fact that you did not complete our training program. If you would like to finish the training please let us know and we would be happy to arrange that for you.

Michael
Estimator
Used the Software for: Not provided
Reviewer Source

Consistant Knowledge Based Estimating Software

4.0 13 years ago

Comments: Costimator brings a level of consistency to estimating that prior methods could not match. I would recommend it to any manufacturer looking for a more consistently accurate approach to quoting potential work.

Pros:

Ease of use Cost Modeler feature is powerful. It allows you total control of the process you are modeling. Consistent results Drag & Drop functionality Annual software upgrades Import/Export utilities allow connections to other software User definable standards User definable cutting data After sale support and training Web based training sessions

Cons:

Make report and import/export templates easier to create More training on template creation

MTI Systems Response

7 years ago

Thanks for the feedback Mike. If we can help you with any import/export needs you may have, just give us a ring.

Curt
Estimator in South Africa
Design, 51–200 Employees
Used the Software for: 1-5 months
Reviewer Source

An asset to the company, it gets more exciting every day.

5.0 7 years ago

Pros:

Ease of access, speed, and reliability of all the information in the database. Simple to understand and modify to suit our business.

Cons:

Have not come across any to date. Some of the issues we experienced at present are with the way our previous costing package was set up. Our markups are done using factors (i.e. 1.25 or 1.5). In Costimator it only allows for percentages.

MTI Systems Response

7 years ago

Thanks for the honest review Curt. I'm glad the software is working out for you.

Dhiraj
Senior Technical Lead in India
Used the Software for: 2+ years
Reviewer Source

Simple and Easy to use

5.0 7 years ago

Pros:

The software is simple and straight forward, thus the learning curve is small. The after sale support is good. Have never faced any issue.

Cons:

The configuration part is tedious but MTI support helps setting up things . Some of the internal UI's can be made clutter free.

MTI Systems Response

7 years ago

Thanks Dhiraj. I'm glad Costimator is helping you and your company. If we can be of any assistance going forward, please let us know.