Project Cost Estimation

An internal quoting and cost-estimation system helps manufacturers process customer quote requests faster and estimate nonstandard work more consistently.

Business impact

• Processing time for customer quote requests — The system cut processing time for customer quote requests.

Data requirements

• Historical production and quoting data (tabular) — The article says the approach depends on accumulated data from prior work.
• Part characteristics such as material, geometry, and tolerances (tabular) — These are named as factors that affect the estimate.

Industries

Real-world evidence

1 documented case study on record.

Companies using this: Advanced Engineering & EDM (AEEDM).