Configuration Solutions Adds New Business Opportunity Management to its PPLM Application Suite for Automotive Suppliers.KALAMAZOO, Mich. -- CS-NBO application targets bad deal-making that has plagued industry: NBO NBO Natural Bond Orbital NBO Network Byte Order (TCP/IP) NBO New Business Opportunity NBO Novell Branch Office (business office management solution) NBO Neighborhood Box Office, Inc. used to evaluate potential risks, costs, volumes, financials and overall strategic impact of transactions Configuration Solutions, Inc., a leading provider of enterprise- wide product configuration and selling solutions--from quote to delivery--announces the addition of a new application in its CS-PPLM Suite for Automotive Suppliers. The new solution - CS-NBO (New Business Opportunity Management) - is designed to assist suppliers in determining which of the many RFQ RFQ Request For Quote RFQ Request For Quotation RFQ Request for Qualifications (part of a potential client's preliminary selection process) RFQ Radio Frequency Quadrupole (accelerator technology) opportunities offer strategic value and profit potential, and which are not worth the investment of response. CS-NBO enables this level of decision support by performing fast and easy evaluation of strategic goals, various risk factors, and financial uncertainties. Automotive Manufacturers Need Smarter Decision-making According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Dale Colosky, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Configuration Solutions: "Deciding which business opportunities are worth pursuing has always been a critical profitability factor for automotive suppliers. In today's competitive environment with the volume of RFQs increasing significantly, the challenge has become even greater. Recent automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. studies show that automotive suppliers spend between $50,000 and $200,000 to respond to a single RFQ. We developed CS-NBO as part of our CS-PPLM solution set to provide companies with a systematic, cost-effective way to evaluate and compare opportunities based on their potential for real profitability and long-term business benefit." The core functionality for Automotive Supplier executives using the CS-NBO application module encompasses the evaluation of: --Risk. Enables users to identify and quantify risk early in the process so they can apply best judgment to project potential outcomes. --Costs. With any business opportunity, potential costs and problems can create doubt and uncertainty. The software provides "best guess" scenarios to enable more informed decisions. --Volumes. Competition, controversy and technology are all factors in forecasting a vehicle's future lifecycle. CS-NBO lets users factor estimates of volume uncertainty into the mix. --Financials. Multi-year financials, adjusted to reflect uncertainties, provide decision- makers with the long view of the business opportunity, including such key factors as cash flow, payback time, internal rate of return, net present value, EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become and more. --Strategic Impact. Financials are only part of the story. Achieving business growth and strategic corporate objectives are also key performance metrics Performance metrics are measures of an organizations activities and performance. Performance metrics should support a range of stakeholder needs from customers, shareholders to employees [1]. which can be factored into the decision process by CS-NBO users. Developed specifically for automotive suppliers, Configuration Solutions' CS-PPLM is a web- enabled suite of interactive application software modules connecting technology and business strategy to address the entire lifecycle of the quote-to-award business process, real-time program management, and ongoing product lifecycle Product lifecycle or product life cycle is the course of a product's sales and profits over time. The five stages of each product lifecycle are product development, introduction, growth, maturity and decline. management. The suite streamlines and automates workflows and procedures from cost estimating, engineering, Bill of Material and manufacturing process generation, through quoting, financial review, documentation and submission of bids in the unique format required by each company's OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and customers, as well as new program rollouts and ongoing engineering changes to existing business. About Configuration Solutions, Inc. Configuration Solutions (CS) is a leading provider of knowledge-based process and product configuration software and solutions for manufacturing, automotive and business service organizations. For more than 15 years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time organization has worked with leading organizations-- from Global 2000 to small and midsize companies--providing enterprise-wide solutions across all facets of the business, from front-end sales and order management, to more sophisticated engineering and factory floor operations. Configuration Solutions' CS-Enterprise software solution suite is designed to maximize efficiency and productivity, minimize errors and hasten information flow across the enterprise and beyond, regardless of product order or process complexity. Built on open architecture, Configuration Solutions' technology offerings are used by make-to-order and engineer-to-order manufacturers, automotive and business service companies with diverse product portfolios to drive out excess operating costs operating costs npl → gastos mpl operacionales and eliminate rework re·work tr.v. re·worked, re·work·ing, re·works 1. To work over again; revise. 2. To subject to a repeated or new process. n. of orders, while improving profits and agility in serving their markets. For more information about Configuration Solutions' CS-Enterprise solution and services, please visit www.configsc.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion