A NEW and inexpensive software program called QuoteCam has been released which easily allows a business owner to see exactly the real cost of manufacture, and to know precisely how much profit will be generated.
QuoteCam works totally on a Cost Basis. All the data entered refers to the cost of doing business such as machine rates, labour rates, materials purchases, etc.
Probably the most common mistake being made by so many companies is that they simply do not know exactly the cost of owning and operating a machine tool.
In most cases they make an educated guess but in today’s highly competitive world that’s simply not good enough.
Work centre rates
QuoteCam offers a totally unique Work Centre Rates calculator which takes all aspects of machine tool costs into account such as finance charges, running costs, future value and maintenance charges in fact it even differentiates for machines bought cash or those financed and the results of this analysis can be surprising.
QuoteCam is the first engineering software of its kind to allow small business to easily see how much impact the companies’ overheads have on the expected profit from any particular job.
It has a sophisticated but very easy to use Overhead Burden rate calculator which correlates the overhead costs down to a simple hourly rate which is automatically included in the cost when quoting.
Estimating machining time is often time-consuming and arduous but it’s absolutely essential that it’s done correctly. This is another area that small business owners simply do not have the time to do properly.
QuoteCam offers a large range of machine process simulators for milling, turning, etc., which accurately predicts exactly how long the machining will take.
It does this with the help of a large library of built in material types complete with feed and speed information. The user simply answers a few basic questions and gets realistic answers immediately.
Sales price analyser
QuoteCam has a sales price analyser in the form of a simple graph. The graph visually displays the cost of each component in a batch and displays the cost per par and per batch. It also calculates the selling price based on the expected profit margin or mark-up.
Most useful of all it allows users to perform “what if” scenarios. For example, it will instantly recalculate the entire batch costs if the batch size is changed, so if the quote is for 100 pieces but the subsequent order is for only 50 pieces, QuoteCam will give a new selling price instantly that preserves the initial margin requirements.
Every business owner should know that quoting for work is at the very core of the success or failure of your business and so it’s essential that it done correctly.
Good quoting doesn’t just mean that you get the work, It’s no good getting work that simply keeps you busy but does not make profit or even worse ends up costing you money.
Good quoting is about knowing exactly what your costs are and knowing precisely what’s worth doing and what’s not.