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Improve speed and accuracy in tool quotation costing process

Global procurement markets and increasing cost pressures require professional cost management in the field of mold, tool, and die. Shorter lifecycles paired with higher product variability mean that the share of tool costs in relation to the total costs of a product line is steadily increasing.

Tool makers are challenged to quickly create reliable quotations and transparent cost breakdowns for tools. Due to increasing complexity of tools and smaller production runs, this balancing act is a challenge even for experienced tool specialists, and succeeds only with the help of a powerful tool quotation costing system that delivers faster, more accurate and comprehensible results based on parametric models. For tool manufacturers, increasing product variety and shorter product lifecycles means an increased volume of work through a higher number of requests for quotations. The tool quotation costing process must be reliable with precise tool calculations and transparent cost breakdowns in a short time frame.

Tool Quotation Costing

Global procurement markets and increasing cost pressures require professional cost management in the field of mold, tool, and die. Shorter lifecycles paired with higher product variability mean that the share of tool costs in relation to the total costs of a product line is steadily increasing.

Tool makers are challenged to quickly create reliable quotations and transparent cost breakdowns for tools. Due to increasing complexity of tools and smaller production runs, this balancing act is a challenge even for experienced tool specialists, and succeeds only with the help of a powerful tool quotation costing system that delivers faster, more accurate and comprehensible results based on parametric models. For tool manufacturers, increasing product variety and shorter product lifecycles means an increased volume of work through a higher number of requests for quotations. The tool quotation costing process must be reliable with precise tool calculations and transparent cost breakdowns in a short time frame.

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