Originally Published MPMN April 2006

E-NEWS

Molding Part Cost Calculator Benefits Molders and OEMs

Shana Leonard

A plastic materials information-management company has equipped its Web site with an injection molding part cost calculator. A free tool, the calculator is designed to supply users with the estimated true cost of a plastic part. As a result, the calculator aids injection molders in providing an accurate quote and provides OEMs with cost estimates for enhanced planning capabilities. The CostMate, created by IDES Inc. (Laramie, WY), assesses actual part costs by evaluating data such as general, machine, material, processing, and miscellaneous costs. In addition, the instrument factors in outside elements such as profit margin versus markup when calculating part cost. Users can input known figures and the tool generates a report based on the information provided. The report consists of such information as projected profit and suggested price quote. Values can be entered in English or metric units and quotes can be estimated in various currencies.
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