February 07, 2023
Consider a large car manufacturing industry that works with a wider network of stakeholders - channel partners, vendors, dealers, distributors, resellers, contracts, engineers, and, not to forget, the end-users. With multinational companies, these stakeholders are distributed in different geographies. This creates a more complex ecosystem considering the changing local laws, tax regulations, and localized process operations in each geography.
Manufacturing companies that deal with a vast product base face plethora of challenges from product configuration to customer service. The above scenario calls for the need of an “automated ecosystem" for rapid problem-solving and process streamlining.
Meanwhile, what if a single, central platform can coordinate with the various BUS, and bring closer collaboration amongst them, resulting in no or limited errors?
Salesforce, it is!
Salesforce is a highly diverse platform that brings together super intelligent Einstein Al solutions and a robust set of applications to coordinate a larger operations base across the globe, with a single click on the button. One aspect of Salesforce - the Configure, Price, and Quote software, can bring plethora of transformations into the way your company's multifaceted sales transactions are managed
In the most precise form of explanation, CPQ is a tool that streamlines the process of "moving a customer through the sales pipeline" - from the discovery phase to an actual sale phase, throughout the process it records the customer behavior, for futuristic insights. CPQ uses a quick, streamlined, efficient, and well- designed process flow to present an accurate quote to your customers, and helps bridge the gap between customer and sales.
Coming back to our previous example of large car manufacturing companies, CPQ allows the sales teams to offer accurate quotes to buyers, as per individual customization. Customizations may include anything from additional accessories, engine classes, to transmission models, and much more.
In this article, we will cover the various aspects of the manufacturing business processes that are benefited from implementing Salesforce CPQ for sales enablement.
Still following traditional approaches to configure products?
Are you looking for out-of-the-box ways to comprehend how Salesforce CPQ can contribute to an intelligent quote-to-fulfillment process?
Salesforce CPQ application not only contributes to enhanced supply chain management but also helps make intelligent inventory management decisions.
Consider a typical scenario where the customer is already provided with a traditional quote, but the inventory is unavailable for the next few weeks. This results in bad customer experience. In this case, centralized inventory management (such as an ERP) when collaborated with the Salesforce platform (here, CRM) alerts the sales agent about stockroom availability before generating the final purchase order.
Salesforce CPQ helps in automated product configuration and price calculation for accurate quote generation, resulting in limited or no scope for rework. This triggers a lean and low-waste process business model that improves overall productivity.
Consider a situation where your sales dealers are still opting for manual price quotes. Imagine the additional time and efforts invested in applying bulk discounts, geography-specific offers, and revising quotes every time a customer chooses between extra accessories' combinations. Here, Salesforce CPQ software can help with dynamic product configurations, price fetching, auto-calculation, and proposal generation along with a bunch of other features.
Integrating Salesforce CPQ into your Sales operations results in adding intelligence to your agile sales operations. CPQ drastically reduces the amount of manual effort needed on simpler tasks, creating a well-defined change management implementation.
This fully automated platform creates self-managed process such as guided selling, approval workflows, catalog management, and data reporting & analytics. This is a major organization-wide shift, resulting in well-managed multi-channel sales, and cross-department collaboration for better conversions.
Salesforce CPQ is a complete cloud-based delivery model, thus contributing to zero investment in physical infrastructure and a highly secured, dynamically synced data backup on the cloud.
Meanwhile, with robust database management, CPQ cuts down on substantial inaccuracies with manual quotes - such as incorrect pricing and discount calculation, inaccurate component details, wrong client contact details, and many more. This contributes to effective risk management in the quote-to-order cycle.
Salesforce CPQ instills Al-powered intelligence into a traditional sales process, thereby streamlining the entire quote-to-order process to deliver a user- centric experience across different channels and user touch points.
At Prudent, we focus on a holistic approach to implement Salesforce CPQ, with the integration of the right teams and BUS to create a well-defined lead-to-order process. Get in touch with a Prudent expert at firstname.lastname@example.org to transform the way you build your loyal customer base.