Automated price calculation for industrial production

THE CHALLENGE

In our customer’s business process, the quotation calculation becomes an ever increasing bottleneck – at the same time, the demands on the calculation accuracy are very high, so that each quotation must be run manually, which is expensive and time-consuming. Especially in an industry that is driven by low margins and constant price wars, the automated but exact calculation of prices is a strategic competitive advantage. It is necessary to train the expert knowledge, which in some cases has been built up over decades, into an artificial intelligence.

OUR SOLUTION

We have developed an AI-based price calculation software that uses and continuously develops the knowledge of the quotation experts. The software is able to deliver a custom-calculated price in fractions of a second from standard CAD data and based on customer specifications. At the same time, the AI provides suggestions for order scheduling, for example, which production line can produce a certain part at the lowest price.

BUSINESS VALUE FOR OUR PARTNER

The automated price calculation prevents miscalculations, which prevents our customer is suffering losses from bad calculations. In addition, quotations can be prepared at the speed of light, which provides immediate advantage over the competition.

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Automated price calculation