Read Software Trends

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.

New Software Research Guides Available
Finding that you cannot keep up with all the changes in the latest software?
Want to know how the software's features and functions can assist you?
Please contact for more information about these latest editions.

For 2017 Distribution Software Guide: 

For 2017 Manufacturing Software Guide: 

Visit our website to learn more about the Brown Smith Wallace Advisory Services<> and to use our Software Features Comparison Wizard<>.
Also, read our 2017 Mid-Year Supplements.

Developed through a partnership with Industrial Distribution, Industrial Supply, Contractor Supply Magazine and Brown Smith Wallace Advisory Services, these 12 page Supplement Guides provide valuable, independently researched information. Each Guide details software company information, identifies vertical markets, highlights functions and technology features, new developments to the software package, shows graphs of the user range, basic entry price point, sales channel (how and where the software is sold), along with company contact information. The Supplement Guides provide everything you need to know when beginning your software selection and evaluation process.

Visit our website to learn more about the Brown Smith Wallace Advisory Services and to use our Software Features Comparison Wizard.

Follow Us on Twitter

No comments:

Add to Technorati Favorites