QuoteCheck enables suppliers and buyers to assess pricing on electronic components. It calculates a fair market price for each component based upon the customer’s spending competitiveness. The tool characterizes the customer’s quote acceptance threshold and allows the user to target for quotation success. Save and edit functions allow quotation tuning and win-loss statistics analysis.
Sales professionals can review their quotations for market competitiveness before release to their customers.
Assess the competitiveness of a supplier’s quotation and derive suitable market level target prices for quote acceptance or supplier feedback.
Manufacturing part numbers, quantity and quotation price are entered into QuoteCheck as an excel file for groups of components and results are displayed showing pricing and sourcing alternatives. The results can be saved and recalled to record win-loss performance. A histogram of each client’s win-loss history is displayed as a guide for determining appropriate pricing. The results can be exported as an Excel file.
Win-loss market competitiveness performance can be captured within the application by customer and by component quotation. This is displayed as a guide to targeting a winning price acceptance threshold. Quotation acceptance tuning is possible using previously unavailable information about customer behaviour.