Today the expansion of CPQ product rules and CPQ eCommerce has been noticed across the manufacturing industry. The sales and marketing team vowed to improve close deal rates with more quote accuracy, all thanks to CPQ product rules.
Many big brands like Nike, Frames, Limited, and others are using CPQ product rules to generate more accurate product quotes and have seen excellent results in their sales funnel.
CPQ software has undoubtedly shaken the manufacturing industry with continued improvements and filled the sales funnel with more potential leads.
Before discussing how CPQ product rules make the manufacturing process simple, let's get some idea of CPQ product rules.
What are CPQ Product Rules?
Product rules allow you to assess product selections within a bundle, quotation, or quote line against certain conditions and take appropriate action. They are beneficial in providing sales representatives with feedback on product choices and in imposing business logic during configuration. They can also recommend or restrict the range of products included in a bundle. Product rules are remarkably scalable because you only need to set up one rule once to scale it across several bundles rather than having to set it up on each bundle separately. They thereby significantly speed up the quote process and guarantee order accuracy.
KBMax, a top CPQ software, has wholly transformed traditional product inquiries into real-time, auto-generated quotes and empowered the sales team with much more streamlined processes.
How CPQ Product Rules Make Complex Manufacturing Process Simple?
Engineering defines numerous properties and options for a product wireframe in their PLM system. All of these attributes must be in sync with the manufacturing department's operational instructions and Bill of Materials. CPQ eCommerce has solved all the problems that hold businesses back with CPQ product rules by clearly showing all the attributes defined by engineering to the manufacturing team.
Enhance sales performance
CPQ product rules help shorten the product design cycle from concept to product completion. CPQ product rules enable the customer's demand to be met within a precise time frame because each manufacturing cycle has its flow or pace depending on the customer's requirements.
Removes gaps between engineering designed
The CPQ product rules put all teams in the same line for rapid product development. When customers change a new product, product rules quickly update the model and change the product specifications in real time.
When the engineering team configures the product, it automatically generates the 2D/3D proposal drawings and updates the product model. The best part is that using the visual CPQ product rules enterprise, all significant modifications to the work directions and BOM appear in real-time as the model's attractiveness improves.
Remove CPQ product rule breaches
Various configurator options are redefining the future of CPQ product rules. These technologies enable real-time integration between PLM, CRM, and ERP systems. Integrating all systems reduces the chances of rule breaches that make product delivery fast. If you run a manufacturing business and are seeking CPQ product rules to develop your product, you must work with a provider that can offer a complete solution on a large scale.
Reduce lead times.
CPQ easily integrates with other software like CRM, CAD, and inventory apps. Allowing a unified quote on cross-product portfolio packages reduces the time of quote configuration. It helps the sales team to pitch the quotation as soon as possible to take the client into the funnel.
Additionally, CPQ product rules help the sales team to calculate the product costings based on the specifications given by the client and alter it in real-time specification change.
Conclusion:
CPQ product rules have thrived in stimulating leads, generating MQLs, and closing sales. It's time to get the most out of the CPQ quote and product rules to make designing vital products possible and profitable.
Looking to unleash the potential of CPQ product rules? Talk to KBMax experts!
