Skip to content

CostEngine (MfgIQ)

Intelligent Manufacturing Costing & Quotation System

Overview

CostEngine helps you turn complex part requirements into transparent, defendable quotes. It's built specifically for manufacturers who are tired of fighting with huge Excel sheets but still want to trust the math behind their prices.

Target Users

  • Manufacturing estimators and costing teams
  • Sales teams handling RFQs
  • Operations managers requiring cost visibility

Core Value Proposition

"Explainable costing from your existing Excel logic — quote-ready in minutes."

Key Benefits

Yes Save hours on every quote - Go from RFQ to a finished PDF in minutes, not hours.

Yes Defend every rupee - Every cost is traceable, so you can explain exactly "why this number" to any customer.

Yes Keep your Excel logic - Import the math you already trust. No need to rewrite your business rules.

Yes Pick the right margin - Compare multiple pricing scenarios side-by-side to find the "sweet spot."

Quick Navigation

Product Overview

Understand the vision, competitive landscape, and core workflows

→ Strategic Foundation

🔧 Domain Logic

Deep dive into the costing engine, formulas, and business rules

→ System Specifications

🚀 MVP Scope

Feature requirements, user flows, and success metrics

→ MVP Requirements

📊 Data Formats

Excel templates, import/export specifications

→ Templates & Formats

Core Workflow

graph LR
    A[RFQ Upload] --> B[BOM Setup]
    B --> C[Cost Build]
    C --> D[Nudge & Override]
    D --> E[Prototype & Check]
    E --> F[Final Quote]
    F --> G[Save Version]

    style A fill:#e3f2fd
    style C fill:#fff3e0
    style E fill:#f3e5f5
    style F fill:#e8f5e9

What Makes CostEngine Different?

Feature Traditional Approach CostEngine
Onboarding Replace existing Excel Import Excel logic
Costing Time 2-4 hours per quote 15-30 minutes
Consistency Varies by estimator Standardized & repeatable
Explainability "Trust me" Full breakdown + assumptions
Versioning Manual file naming Automatic with change tracking

System Capabilities

Costing Engine

  • Material cost calculation
  • Multi-step routing & operations
  • Outside process management
  • Scrap & yield handling
  • Overhead allocation

📝 Explainability

  • Component-wise breakdown
  • Assumption tracking
  • Override history
  • "Why this number?" drill-down

Pricing & Margins

  • Multiple margin scenarios
  • Customer-specific pricing rules
  • Freight & payment terms
  • Quote comparison

🔄 Version Control

  • Immutable cost snapshots
  • Change tracking
  • Version comparison
  • Audit trail

Get Started

  1. Understand the Domain Logic - Learn how the costing engine works
  2. Review MVP Scope - See what features are included
  3. Explore Data Formats - Check Excel template structure

Success Stories

ROI in One Quote

One avoided bad quote pays for the entire software investment.

Consistency Across Teams

Same inputs produce same outputs — no more estimator variance.

Built for manufacturers who need speed, accuracy, and confidence in their quotes.