Optimate is developing its solution – cost calculation in real time with AI-supported

Source of information: Optimate

Optimate is consistently developing its solution for AI-supported feasibility analysis and part optimization: the cloud-based software, which can be used both as an App and CAD plug-in, now has an integrated cost calculation. Job shoppers and OEMs who produce and design sheet metal based products now only need one click to calculate the costs of their parts.

With the App, product designers and sheet metal processing companies can identify defective parts in advance and adjust them if necessary, even before they enter production. In addition to analyzing individual parts, assemblies with up to 25 individual parts can also be checked for feasibility and optimization potential.

So far, the App has given a percentage indication of the potential savings of the optimized design compared to the existing variant. This was already a good indicator to determine the changed production costs. Regarding the individual manufacturing costs, the indicator held potential for optimization of the product.

‘With the introduction of the integrated cost calculation, this is now even easier and more precise’, emphasizes Jonas Steiling, CEO at Optimate. ‘Our users receive the specific price for their sheet metal parts at the push of a button.’

The calculated sum is based on the contributing cost factors for material, scrap and the manufacturing process, i.e. the complete sheet metal processing from laser cutting to bending and welding.

Jonas Steiling CEO Optimate

In addition to the material costs, costs for scrap, set-up, and production times as well as machine hourly rates are also included. Based on the classification, companies in sheet metal processing can then break down the costs for the detailed product processing steps. Once the cost drivers have been identified, optimization potential can be derived from this information.

Users can also create their own profile in the Optimate App. The information stored with respect to machinery and tools is then also used for optimization and individual cost calculation. With highly precise data entries for machines, production processes and materials, the results for design and costs will be even more accurate.

Such cost forecasts then benefit not only the designers themselves, who can identify possible cost drivers already in the development process, but also other areas, such as purchasing, controlling and cost calculation for sales.

This makes it easy for buyers and job shoppers to calculate the costs of sheet metal parts online. In the blink of an eye, the sales department can create suitable offers for even the smallest series or individual parts in a timely manner and without much effort.

‘The benefits range from accelerated development processes and long-term planning, reliability in production to solid price and quotation calculation – and all that in a matter of seconds’, Optimate CEO Jonas Steiling.