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Improve quotation costing accuracy and response time to achieve higher win rate for your new business

For manufacturing companies, the most important consideration after product innovation and quality is to win business in the competitive global market place. Detailed knowledge on product cost and product profitability is indispensable for creating competitive quotes.

The quotation costing phase is where money is made and lost. If you estimate your product costs unrealistically low to win an order, you risk financial loss. Just as risky, an over-estimation of costs can result in loss of orders. Because of this quotation costing needs to be quickly prepared, accurate and based on facts rather than opinions.

Quotation Costing

For manufacturing companies, the most important consideration after product innovation and quality is to win business in the competitive global market place. Detailed knowledge on product cost and product profitability is indispensable for creating competitive quotes.

The quotation costing phase is where money is made and lost. If you estimate your product costs unrealistically low to win an order, you risk financial loss. Just as risky, an over-estimation of costs can result in loss of orders. Because of this quotation costing needs to be quickly prepared, accurate and based on facts rather than opinions.

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