Announcing New IDES CostMate™
Injection Molding Part Cost Calculator.
LARAMIE, Wyo. – December 20, 2005 – IDES Inc. (www.ides.com), the fastest growing search destination and informational resource for the plastics industry, has announced the release of a new version of CostMate™, an injection molding part cost calculator. The tool assists injection molders and OEMS in assessing the true cost of a plastic part. Best of all, CostMate™ is a free service offered by IDES.
The new CostMate™ contains the first of a series of enhancements IDES plans to roll out. “Plastic part cost estimating is simple in principle but one can get caught up in all the details, especially if you’re not an expert,” says Mike Kmetz, President of IDES. “We have found that there is a need for a fast and accurate way to understand the cost drivers when producing a part. CostMate™ does a really nice job and we’ll make it better based on all of the great feedback we’ve had.”
Most molders have their own quoting tool. CostMate™ can provide a quick double check to give a molder immediate feedback on the price they are quoting for a job. CostMate™ takes Profit Margin versus Markup into consideration. Additionally, it accurately determines the total amount of material required for the job given scrap, reject and regrind requirements.
OEMs can benefit from CostMate™ because it provides immediate feedback on the probable price of a molded part. Within seconds, a number of what-ifs can be performed to get an indication of total part cost for any injection moldable component.
Once information is input into CostMate™, a report is generated that displays the total price of material, overall machine costs, projected profit and suggested price to quote.
CostMate™ now handles virtually any unit system allowing the user to input values in English or Metric. Currency is shown in US dollars; however CostMate™ will estimate quotes correctly with any currency.
Start using CostMate™ on the web today. Visit www.ides.com/costmate/.
About IDES Inc.
IDES is a plastic materials information management company. The Plastics Web™ from IDES is a vertical search engine connecting tens of thousands of companies around the globe with plastics content and technical data sheets from 500 global resin manufacturers. The company provides custom resin selectors for nearly all resin distributors and a number of resin manufacturers. IDES is headquartered in Laramie, Wyoming with offices in Europe and Mexico. For more information, visit www.ides.com.
- Contact Information
- Nathan Potter
- IDES Inc.
- Contact via E-mail
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