New IDC MarketScape Evaluates Worldwide Manufacturing Configure, Price, Quote (CPQ) Applications Vendors
18 Apr 2017
CPQ applications critical to enhance customer experience, optimize sales process, and align engineering, sales, and production
FRAMINGHAM, Mass., April 18, 2017 – IDC Manufacturing Insights today announced the availability of a new IDC MarketScape report to help end users assess current and anticipated performance of configure, price, quote (CPQ) applications vendors in the manufacturing marketplace. The new study, IDC MarketScape: Worldwide Manufacturing Configure, Price, Quote Applications 2017 Vendor Assessment (IDC #US41156617), examines the capabilities and business strategy of 12 key vendors with robust suites of CPQ applications used by manufacturing companies to support the sale of complex products and services, including: Apttus, Callidus Software, Cincom, Configit, Experlogix, IBM, Infor, Oracle, PROS, Salesforce, SAP, and Tacton.
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According to Heather Ashton, research manager, Service Innovation and Connected Products Strategies at IDC Manufacturing Insights, "Manufacturers are looking at CPQ applications to enhance the customer experience, optimize the sales process, and create better alignment between engineering, sales, and production. While CPQ applications have existed for more than 20 years, the rise of the 3rd Platform has disrupted this market and created an opportunity for manufacturers to more closely align the configure-to-quote process with greater customer engagement, leveraging innovation accelerators like cognitive learning, IoT, and augmented reality. We expect to see this market continue to expand in the coming years."
According to the new report, configure, price, quote applications are increasingly central to manufacturers' efforts to more closely align product availability and production capacity with sales efforts, especially for products that are engineered to order, make to order, and assemble to order. Based on this research, IDC provides a number of key recommendations, including:
- Look at customer engagement, sales enablement, and production capacity holistically. Understand how tools like CPQ can be used to enhance the customer experience (CX) and set realistic expectations for product availability based on production capacity.
- Align CPQ functionality with your sales model. If you are predominantly selling through channels, understand how a given CPQ application will support your channel and how easily it can be adopted by channel partners and what type of visibility it can provide you to better optimize sales forecasting and production capacity. If you are primarily selling direct, perhaps a CPQ tool that has more functionality in the revenue and price optimization arenas is desired as a way to improve your overall margins.
- Create a cross-functional team that represents business and technical leaders. Look to users of the ultimate application to help define requirements, including sales representatives, production managers, and engineers, depending on how you intend to use the CPQ tool. IT is an important resource here because there is a critical need to integrate CPQ applications with CRM, PLM, ERP, and other enterprise systems of record to maintain the single source of truth.
IDC MarketScape criteria selection, weightings, and vendor scores represent well-researched IDC judgment about the market and specific vendors. IDC analysts tailor the range of standard characteristics by which vendors are measured through structured discussions, surveys, and interviews with market leaders, participants and end users. Market weightings are based on user interviews, buyer surveys and the input of a review board of IDC experts in each market. IDC analysts base individual vendor scores, and ultimately vendor positions within the IDC MarketScape, on detailed surveys and interviews with the vendors, publicly available information and end-user experiences in an effort to provide an accurate and consistent assessment of each vendor's characteristics, behavior and capability.
For additional information about this report or to arrange a one-on-one briefing with Heather Ashton or Jeff Hojlo, please contact Sarah Murray at 781-378-2674 or firstname.lastname@example.org. Reports are available to qualified members of the media. For information on purchasing reports, contact email@example.com ; reporters should email firstname.lastname@example.org.
About IDC MarketScape
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of IT, telecommunications, or industry-specific suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT, telecommunications, or industry-specific vendors can be meaningfully compared. The framework also provides technology buyers with a transparent foundation to allow companies to independently compare the strengths and weaknesses of current and prospective vendors.
About IDC Manufacturing Insights
IDC Manufacturing Insights assists manufacturing organizations and IT leaders, as well as the suppliers who serve them in making more effective technology decisions by providing accurate, timely, and insightful fact-based research and consulting services. Staffed by senior analysts with decades of industry experience, our global research analyzes and advises on business and technology issues facing asset intensive, brand-oriented, technology-oriented, and engineering-oriented retail industries. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a wholly-owned subsidiary of IDG, the world's leading technology, data, and marketing services company. For more information, please visit www.idc-mi.com, email email@example.com, or call 508-988-7900. Visit the IDC Manufacturing l Insights Community at http://idc-community.com/manufacturing.
Callidus Software Inc., Infor Global Solutions, Inc., IBM, Oracle Corporation, PROS Holdings, Inc., Tacton Systems AB, Configit A/S, SAP AG, Cincom Systems, Inc., Apptus Technologies AB, Salesforce.com, Inc., Experlogix, Inc.
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