Advanced entry level machining centers have flooded the market, providing equal opportunity between custom manufacturers to win profitable bids in response to a customer request for quotation (RFQ). For the advantage, machine shops now need to focus on estimation accuracy and response rate. The quickest path towards profitability lies within the estimating and quotation process, and modern digital manufacturing tools address this by fostering faster RFQ response rates with increased estimation accuracy.

Quoting Software

A free quoting software built specifically for machine shops improves quoting speed and accuracy. Machine Research released Quote It 3D estimating and quoting software at the 2018 International Manufacturing Technology Show (IMTS) in Chicago. It streamlines the cost estimation and quotation process. With it, machine shops can decrease their turnaround time to produce winning bids that drive top-line growth.

Traditional methods formalize a quote based on a mix of resources, including managed spreadsheets data, archived CAD files and sales orders. Producing a quote is both time-consuming and inefficient in comparison to Quote It 3D.

Quote It 3D is a digital solution that captures knowledge from previous work. It allows users to view and catalog any 3D model or drawing as soon as it is received. It also integrates ShapeSearch technology, leveraging previous estimates and quotes from similar projects, which are automatically recalled.

The free software includes a 3D CAD model viewer. Viewers see, analyze, mark up and share 3D models and drawings with team members. Geometric data is transparent for improved collaboration, which helps expedite the quoting process and create accurate cost estimates.

Quote It 3D also includes a centralized, shared-data repository that is accessible through cloud storage. Previous quotes, associated cataloged CAD files and sales orders are all available from a single source. The shared catalog captures estimates, cost and recognized revenue which identifies business opportunities.

Another benefit of using Quote It 3D is its ability to generate and track visually appealing quotes. Once associated lead times and costs have been identified, the software transforms informal estimates into professional and accurate quotes that can impress customers. A tracking function calculates key metrics including order status, win-loss ratios, margins and a cost differential between what was quoted and actuality. Users can then rate the order and catalog this data for future reference.

Conclusion

Quote It 3D is an estimating and quoting software specifically designed for machine shops. The digital manufacturing tool identifies business opportunities and streamlines the quoting process with increased estimate accuracy. With iOS and Android apps available, the entire manufacturing team has access to critical data from a mobile device in a single, free interface.