DRIVE Price Builder CPQ Description
It can be difficult and time-consuming to determine the right price for your customer. How can you ensure that you are correctly pricing? How can you ensure consistency throughout your organization? How can you increase your profitability without losing customers? "Creative pricing" is not sustainable over the long-term. It is essential to have a pricing strategy. A pricing strategy and guardrails should be implemented to allow for flexibility, market-driven or order-driven, but within certain limits. You can still move quickly and get deals if you keep an eye on pricing strategy, guidelines and realistic pricing limits. Many quoting processes require manual labor. They can be done on spreadsheets, or back-and forth emails between sales and operations. Who approves the quote? How can you keep track of any changes? This can slow down the time it takes to respond to your quote request.