This is one way Quad Chamfer has impacted my workflow for the better.  Creating shapes like this can be done a variety of ways in 3dsmax, depending on your preference.  You could do it with the bridge tool, taper modifier, the set flow tools in Graphite, etc., etc.  But very few of those solutions are as simple and flexible as selecting just one edge loop, apply Quad Chamfer to it, adjust the amount and segments, and use the push parameter to scale it in or out.  Everything you need is right there in one modifier, and easily accessed.

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Tools :  3dsmax 2015, Daz Studio 4.6, PoserPro 2012, Blender v2.74

System: Pentium QuadCore i7, under Win 8, GeForce GTX 780 / 2GB GPU.