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: | Veeramani Dharmaraj, Joshi Pawan |
Keywords: | supply |
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.