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IBI is a
job-shop manufacturer of industrial fans and related equipment.
IBI's make-to-order business supplies highly specialized
fans. Business Strategy
With competition heating-up
and lead times growing, IBI began price cutting to avoid being
blown away by their competitors. Shrinking profits, however, told
them they needed to do more.
IBI selected Waterstone Consulting
to help "cool down" the competition. By analyzing the
company's existing business processes, Waterstone Consulting helped
IBI to identify opportunities for productivity and profitability
gains in the order cycle. Technology Strategy
Waterstone Consulting built
a Sales Order Configuration system to capitalize on IBI's opportunities,
and
With their engineering and
business rules built into the system, they could prevent errors
in the sales process, and avert the costly task of correcting
errors during manufacturing. The rules-based system would
also guide less experienced salespeople through the complex quotes.
This would reduce training time and eliminate the need to bring
an engineer on the sales call.
Project Approach
Project Success
The sales order configurator
has led to a 400% increase in the number of quotes that IBI processes.
Coupled with an increase in order accuracy, the manufacturer's
lead times have decreased significantly.
The system's impact on revenue
became apparent when IBI showcased the order configurator at a
national trade show. The advanced capabilities of configurator
impressed customers to the tune of $750,000 in sales leads in
one day. Industry: Solution: Technology: |
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