Methodologies for rapid and effective response to requests for quotation

Methodologies for rapid and effective response to requests for quotation

0.00 Avg rating0 Votes
Article ID: iaor2000279
Country: United States
Volume: 29
Issue: 10
Start Page Number: 825
End Page Number: 838
Publication Date: Oct 1997
Journal: IIE Transactions
Authors: ,
Keywords: supply
Abstract:

The ability to respond quickly and effectively to requests for quotation (RFQs) from customers can be a significant source of competitive advantage to manufacturing companies. This paper presents a new paradigm for processing RFQs and describes methodologies for rapid and accurate estimation of manufacturing cost for modified standard products and custom-made products. Insights gained through industry collaboration on the development of rapid cost estimation systems are also discussed. The work presented in this paper complements ongoing efforts by government and industry to establish the infrastructure and enabling technologies for electronic commerce, and can therefore contribute to significant gains in supply chain agility.

Reviews

Required fields are marked *. Your email address will not be published.