Quote Smarter: Win more bids with a modern strategy

Quoting is one of the most crucial moments for your business's revenue. Regardless of the quality of product you make, or your efficiency in making it, the profit you stand to make comes down in large part to the price and lead time you quote. There are potential problems on all sides.

Quote too high and you might not win the business.

Quote too low and the job might be underwater: before you even start, the work may be unprofitable.

Quote too slow and a competitor might swoop in and win the bid before you get a foot in the door.

Many manufacturers don't invest directly in improving their quoting process. They try instead to compensate for the challenges of responding to RFQs by making manufacturing itself cheaper and faster. While margin improvements are important, they aren't a sustainable substitute for growing the business. Read on to see how to Quote Smarter with a modernized quoting process!