QLM Sourcing and Quoting for Industrial
Solutions Built for the Industrial Sector
Business activity in the industrial sector is characterized by a relatively volatile marketplace impacted by global economic forces and longer term trends. This environment along with the scale and costs involved in many industrial projects results in a lengthy and complex quotation management process. This dynamic model translates from the OEMs to the rest of the supply chain, making an integrated system and process key to a company’s success.
Whether your company is operating as an OEM or material Supplier, the requirements to respond to a quote in this industry, and what you ask for from your suppliers continues to expand in form and content.
QLM Advantages for the Industrial Sector customer
QSTRAT solutions provide Industrial Sector Manufacturers and Distributors the ability to:
Increase win rates by proactively gathering current information both internally and externally
Build a database of both customer and supplier RFQs
Easily standardize collection of all required supporting data from suppliers, incorporating different requirements by commodity
Implement a “re-bid” cycle for all production materials to ensure contracts are always current market tested
Increase material cost reductions through better application of existing procurement resources
Drive big improvements to the material and service sourcing process while continuing to meet all regulatory requirements
Track and trace all progress and communications across the quoting process to ensure quotes are captured and delivered on-time and every-time
Capture and store quality and process certifications internally and across the supply chain, develop and institutionalize a true “Approved Supplier List” (ASL)y