Consistency is Key: Implement a Global Pricing and Quoting System

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The semiconductor and electronic components industries have unique pricing requirements, driven by volume pricing, quoting through multiple sales channels, supporting multiple locations and buying organizations (customer, contract manufacturer, partner, etc.). To implement a global pricing and quoting program requires a tremendous amount of coordination, historical tracking, currency conversion, real-time price book management, and flexibility. In addition, the ability to integrate this complex pricing structure directly into a quoting system with an automated approval flow guarantees you will achieve consistency and maximize your margins on a global basis.

Ideally, you want the following for your business:

[checklist icon="fa-check" iconcolor="" circle="" circlecolor="" size="13px" class="" id=""][li_item icon=""]Strong historical tracking -- providing support for a specific part/product family to a single customer or to all customers[/li_item][li_item icon=""]Customizable price books supporting volume pricing[/li_item][li_item icon=""]Support for multiple price books for different regions, customer type (strategic, tier 1 etc.), channel type and many more[/li_item][li_item icon=""]Supports automatically releasing price books by time: For example price books by quarter or year[/li_item][li_item icon=""]Integrated pricing authority settings based on role, utilized in quote approval flow in quote module[/li_item][li_item icon=""]Automated responses to requestors when quotes are approved, improving response time and efficiency[/li_item][li_item icon=""]Automated currency conversion[/li_item][li_item icon=""]Integrated reports and analytics – know what price points are successful by customer, market region etc.[/li_item][li_item icon=""]24/7 online or offline availability[/li_item][/checklist]

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