How is 3d configurator Remodeling CPQ?

1. How is 3d configurator Remodeling CPQ? ================================= The demand for a 3d configuration platform that enables product engineering and sales to work closely together has increased. These platforms have escalated the accuracy, scale, and speed by providing product visualizations to sales prospects. Recently many big brands have announced an online virtual design space where shoppers customize, arrange and purchase customized products virtually and saw amazing growth in lead generation and sales. Gartner, in its report, mentioned how the visual configurator has moved at a much faster pace to mainstream adoption. It has a rapid adoption rate because of the ability to be embedded with configuring, price, quote (CPQ) applications. These 3d configurators are enabling engineering, production, and sales to become real-time collaborators in creating new products. Salesforce product configurator is dominating the visual configurator market and for many businesses is a must-have to use these applications. These next-generation 3d configurators configurable sold through CPQ channels will scale to a wider range of customer needs than ever before by combining product design, engineering, quality production, and sales in a realtime to win the market. Before discussing the revolutionizing journey of CPQ with a visual configurator, let’s discuss the challenges that manufacturers were facing before 3d configuration. Challenges Faced By The Manufacturers According to the manufacturers, previously visual configurators were not able to accurately communicate with the customers’ visualized product design, sales & marketing, engineers, manufacturers were struggling to get their many departments and functional areas coordinated, to design a product perfectly based on customer demand on time. After integrating 3d configurator into CPQ systems that are connected to ERP, CRM, PLM, and CAD systems, they started getting the product data they needed to excel. and production. Therefore

2. In order for the visual configurator to succeed, the quality and depth of system integrations across PLM, ERP, and CRM, are needed. Manufacturers who are seeing success are focusing on progress designing and a fast- tracking and configuration lifecycle management approach to the process. Their go-to-market strategy is using interactive, contextually intelligent 3d configurator to sell smart, connected products configured exactly to customers’ choices. 5 Ways Visual Configurator Revolutionizing CPQ If you want a strategy that works wonders then your product configuration and CPQ system should be aligned. It will be able to continually make contributions to six of the core areas of a business. These include increasing: •Improvise the revenues, •increasing and maintaining margins, •decreasing the cost of sales, •contributing to more efficient utilization of assets, •increasing manufacturing effectiveness, and •reducing Accounts Receivables (AR) and the costs of collecting. The top five ways visual configurators contribute to the main areas of a business include the following: Improve sales effectiveness across all channels The best 3d configurator help in stimulating sales cycles, increase average deal sizes, and reducing customer churn. The clients using 3d configuration visual configurators are achieving higher online conversion rates and improvement in average sales prices using 3D models. By showing customers exactly what they're getting, brands are realizing an 80% reduction in online returns too. Most of the vendors offering visual configurators, the majority have Salesforce product configurator integrations in place, by far the most widespread of all integrations in this market. Increase speed and quality of quotes. The next generation of visual configurators is designed to give greater collaboration across functional areas. It not only synchronizes all the processes but also provides a transparent way, to reduce errors and increase productivity and sales. KBMax is built using the latest cloud architectures

3. following development best practices to ensure top performance and security for CPQ cloud customers. CPQ software has been proven for reducing human error by configuring the rules across all the channels which helps in defining accurate quotes. With the collaboration between all the teams, it becomes easy to implement changes frequently and finish the product manufacturing timely. Focuses on Configuration Lifecycle Management-based approach One of the key reasons that 3d configurator is so popular among organizations is that it synchronizes all supporting systems so that they can work on a common rhythm. ERP, CAD, CRM, PLM, and CPQ systems each have different clock speeds, so aligning them up is a challenge. But if you want success in your visual configurator strategy, your engineering, marketing & sales, and manufacturing team have to be running at the same clock speed. This management is known as Configuration Lifecycle Management (CLM), and smart manufacturers are pursuing this strategy. Helping in attaining a perfect order performance level Attaining perfect order performance requires the manufacturer to deliver complete, accurate, unimpaired orders to customers on time. Many manufacturers are attaining a perfect order performance level with the help of 3d configurator. The more complex the product lines, the more challenging it is to attain a high, perfect order level. So make sure to use a cloud-based, intelligent CPQ system from the beginning and give special attention to every detail to gain the perfect order performance level. Forcing manufacturers to improve the configurable options 3d product configurator quickly demonstrates the versatile of the product and augments a products’ congenital design strengths and weaknesses. Manufacturers who are receiving customers’ feedback via visual configurator are learning more about how their products are recognized than ever before as candidates spend more time personalizing products online. Gaining client reviews and feedback gives manufacturers to remodel their product based on the demand which increases the success rate in the market. CPQ with 3d product configurator also allows customers to make the tweaks in products in real-time and allows other functional areas to start operations as quickly as possible.

4. Conclusion These are some proven ways through which visual configurators are remodeling the CPQ. For gaining all the above-mentioned benefits makes sure your 3d product configurator is capable enough to attain the current and future demands of the customers. Configuring cloud-based CPQ integrated with a visual configurator is what you need to successfully survive in the competitive market where everyone is thriving for excellence. So, this is a perfect time to reshape your manufacturing strategy with all new cloud- based CPQ systems.