In the last 10 years since cloud computing has emerged, industries and business, from Manufacturing to Finance, from B2C to B2B, have all jumped onto the cloud computing bandwagon (for good reason). Cloud solutions, from Amazon’s Elastic Compute Cloud to our own Cloud CPQ Express, have taken over the world, allowing for quick distribution and sharing of resources over the internet, regardless of geographical boundaries.
In case you missed it, Singapore’s Economic Development Board (EDB), in partnership with TÜV SÜD, has released a Smart Industry Readiness Index, one that aims to help Manufacturing businesses become Industry 4.0-ready. Taking reference from the Reference Architectural Model for Industry 4.0 (RAMI 4.0) developed by Plattform Industrie 4.0, the whitepaper and Index aims to help Manufacturing businesses become Industry 4.0-ready by providing guidelines for self-assessment and steps for improvement.
When it comes to industries such as Contract manufacturing or the Engineering-to-order (ETO) and Manufacturing-to-order (MTO) industries, the phrase ‘create a quotation’ can lead to weeks of work in complex product configurations, in some cases for customers who might not even end up giving them the project.
In our last live-webinar, we helped attendees understand how a Configure, Price, Quote software could be a real asset for industries that are looking to boost their revenue in a sustainable way. With this series of articles, we wanted to share with you the webinar’s most valuable insights.
We started addressing the complexity of product configuration and how it hindered value creation in manufacturing industries. The second article was about the problem of pricing in Engineering-to-Order (ETO) and Made-to-Order (MTO) scenarios, which have a direct impact in margin and therefore revenue.
In this post, I will explain how our customers tackle their challenges involved in the input and approval processes before the quotation is sent to the customer.
Last week we organized a live-webinar to help attendees understand how a Configure, Price, Quote software can be a real asset for industries that are looking to boost their revenue in a sustainable way. In this series of articles, we share with you the webinar’s most valuable insights.
A for Automation, B for BOM, C for CPQ - Get your daily dose of ABCs.
With this glossary, we are bringing together relevant acronyms for manufacturing businesses and offer further guidance around these topics. We are aiming to help you build your vocabulary as we continuously update this list with the latest terms.
Tags: Manufacturing Automation, Cloud Computing, CPQ Configure Price Quote, SAP ERP, Industry 4.0, Configuration and Calculation, Manufacturing, SAP Hybris Cloud for Customer, CRM, Smart Manufacturing