Industry 4.0, also known as the Fourth Industrial Revolution, is well underway, but we’re only beginning to see how society will change in future decades. People in the 60s and 70s couldn’t imagine the impact of computers, smartphones, and cloud computing. Now, we’re in the same position with the new technologies transforming our world today. The Fourth Industrial Revolution combines the fields of computing and science into the physical and biological environments, encompassing:
Once you’ve learned to embrace change in your life and work, you’ll see that many areas in manufacturing can benefit from Industry 4.0 technology. One of these is the development of CPQ (configure, price, quote) software.
CPQ software simplifies the process of designing configurable and custom-built products. Customers no longer have to wait weeks for the engineering, manufacturing, and sales teams to analyze and calculate the cost of building a customized product to provide a price quote. Instead, the process is streamlined by software that takes the specifications, calculates the materials needed to make such a product, evaluates what materials are on hand, and then sets a price quote in a few minutes.
Companies that decide to implement CPQ software typically see their business expand and revenue increase without reducing their staff. Along with increasing productivity for sales reps, engineers are freed up to work on developing new and improved products rather than evaluating orders from prospective customers.
Want to future-proof your operation? Deepen your digital transformation with CPQ to streamline your sales process. Configure One Cloud, a Revalize brand, can help specialty manufacturers increase sales by as much as 135% and reduce quoting errors by 100%. Learn more in our ebook, Industry 4.0: How to Optimize Your Manufacturing Revenue.