Is your team is struggling to get quotes done accurately and quickly? It might be time to consider a CPQ software solution. CPQ stands for Configure-Price-Quote. It refers to a category of quoting software that is designed to manage complex product or service configurations and just about any type of pricing you need. Good CPQ software also helps your team automate or guide pricing and product selection, resulting in faster quote turnaround times and more closed deals.
CPQ software can provide numerous benefits and bring incredible value to your business in the ever-evolving manufacturing landscape. The technology provides an arsenal of benefits through versatile tools designed to adapt to a user’s needs. In this white paper, we provide an overview of the history of CPQ software and dive deep into the elements that make it an essential tool for digitally driven businesses today.
Every year, new technologies emerge that alter the way firms do business, manage their employees, and interact with customers. The pandemic brought many of these changes to bear far sooner than many people in the industry expected and keeping up with the pace has been difficult.
If you want to build something that lasts, you need a strong foundation. The same rule applies to building a business. For manufacturers, this means creating a holistic process from the jump that can track every product throughout its lifecycle — from the first inklings of design to how it will eventually be retired. This process is commonly referred to as product lifecycle management (PLM), and it’s a cornerstone of data management for the manufacturing field.