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Laser Cutting Estimating
Laser cutting is very common in the sheet metal fabrication industry. Not too many years ago, laser cutting was new and estimating accurate costs was a new concept.…
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Estimating Shearing (Sheet Metal Cutting)
The basic definition of shearing is cutting metal into smaller pieces. If we define shearing as cutting material then not only a shear can do this process but…
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Indirect Material Costs
Indirect material costs are those that are not directly added into the product. There are many times where materials are required to manufacture a part but are not…
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Cost Estimating Versus Cost Accounting
What is the difference between cost estimating and cost accounting?Cost estimating is a precursor to cost accounting because it done at the beginning of the process. Lets define…
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How To : Manufacturing Hourly Rate Calculation
Sheet metal, CNC shops, machine shops and many other job shops provide a valuable service to their customers. For a job shop to be a profitable business, the…
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What is Forward and Backward Scheduling?
MIE Solutions offers a made to order job shop ERP system designed for the manufacturer of goods and products. Most accounting systems are designed for the basic AR,…
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Machine Shop Rates Part 2
Welcome to the MIE Solutions Job Shop Estimating blog. Fabrication software as in sheet metal software and manufacturing software deals with shop rates extensively for costing. There are…