Typically, the quotation price will be calculated several years before the start of production, and generally applies to the entire product lifecycle. With the quotation costing all relevant variables that determine the costs and product profitability and the company’s strategic objectives are thereby taken into consideration. External development costs and raising capital, as well as technological progress, medium- and long-term productivity can be incorporated within the quotation costing. A successful quotation costing requires centrally managed and easily accessible data. Through the state of the art integration technology you can easily reuse costing relevant data from SAP ERP systems (e.g. material prices, work centers, BOM’s and routings) for calculations within the quotation costing process. This reduces significantly the time and cost to create new quotes and ensures a higher data quality. Quotation costing helps you negotiate with your customers by presenting a clear cost structure and plausible breakdown of the product costs.