As technology advances and companies try their best to outperform one another, products become more and more complex — and so do their bill of materials (BOMs). BOMs for electrical equipment are among the most intricate in the manufacturing industry, often involving complex multilevel structures.
Luckily, there is an incredible opportunity for manufacturers to save costs through better BOM management. Configure, price, quote (CPQ) software can improve sales efficiency, but other departments can also benefit from “off-label” usage of the product. Here’s what you need to know about how CPQ’s capabilities can improve your BOM management processes.
With numerous intricate components, subassemblies, and systems, electrical equipment requires notoriously complex BOMs. And because each individual component of a product can have so many different specifications, electrical equipment often has multiple levels of complexity for each order. Needing to track so many options, variants, and dependencies makes BOM management for electrical equipment unusually time consuming and labor intensive.
Manual BOM management (in spreadsheets, basic databases, and other outdated solutions) is often associated with:
CPQ was designed to accelerate the configuration and quoting process for custom manufacturers, simplifying how customers configure their orders, improving pricing accuracy, and shortening the quote cycle. Orders are also processed more accurately, improving customer satisfaction and making the sales team’s lives easier.
CPQ software also provides several benefits that specifically address BOM management:
CPQ software is primarily designed for streamlining sales processes, so not all platforms will be ideal for BOM management. That’s why it’s important to choose a solution that can scale with the needs of your company.
Configure One Cloud is one of the most advanced CPQs on the market. The platform is already trusted by electrical equipment manufacturers to handle their most complex product configurations, and BOMs.