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Wednesday, February 28, 2018

Why You Need a Quotation Management System

Question: “I’ve already got an ERP system, why do we also need a Quotation Lifecycle Management (QLM) system?
Answer:  A good Quotation Management system complements your ERP. ERP “quoting modules” are typically quote “forms” that can be sent to customers and turned into orders if the business is won. Quotation Lifecycle Management covers a complex and collaborative process gathering inputs and approvals from all areas of your organization, with the objective of winning more business based on submissions that are high quality, complete and delivered on time.


A QLM system provides access to quote related master data information outside the confines of the ERP and requires only minutes to setup and use. Business users from Engineering and Sales will be able to leverage a system that works without the restrictions of ERP but still provide the database support, work-flow control and accountability that quickly and accurately allows development of a superior response to your customer’s request.


A good QLM allows for development and use of customer specific quoting templates, process and output definition and will also provide the analysis tools and what-if comparisons built around key quote elements, such as production and sourcing location, volume scenarios and sales forecasts or other non-standard cost drivers. These “price development” tools and techniques are not a normal part of an ERP system.


QSTRAT has been providing Global Sourcing, Quoting and Costing Software Solutions for more than 15 years to Manufacturing and Distribution customers in North America, Europe and Asia.


Learn more at the QSTRAT Newsroom.




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