Quote speed is a pricing decision

By

Tomás Ibarra

·

Senior Consultant

·

2 min read

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Tallis Insights

Operations

When a customer asks for a price, they’re also asking how much you want the work. A quote that takes nine days answers that badly. The buyer has usually moved on by day three.

Why quotes are slow

In many small manufacturers and distributors, quoting depends on one or two people who hold the pricing logic in their heads or in a spreadsheet nobody else can read. Every quote is built from scratch, and every unusual request waits for the same person to be free.

What slow quotes cost

You can measure it. Pull your last 50 quotes and sort them by days to send. Compare the win rate of the fastest third with the slowest third. Most owners find a wide gap, and that the fastest quotes aren’t the cheapest.

Three changes that work

1. A standard price book. Price your 20 most common items or jobs once, with margin built in, and share it internally. Aim for most quotes to come straight from the book.

2. Tiered approval. Let anyone quote inside the book. Let a manager approve up to a set discount. Only unusual jobs go to the owner.

3. A target turnaround. Pick a number, such as two business days, and track it weekly on your scorecard. What gets measured gets fixed.

Don’t confuse fast with cheap

A faster quote isn’t a lower quote. Speed shows you take the customer seriously, and it gives you more room to hold your price. At Brightwell Manufacturing, quote turnaround fell from nine days to two while gross margin rose by more than six points.

Start this week

Take your ten most recent quotes. Write down how long each took and who touched it. That one-page list is usually enough to start the conversation inside your company.

Tomás Ibarra

Senior Consultant

Part of the Tallis team.

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Not ready to talk?

Start with the 12‑question health check.

The same questions we ask in the first week of every engagement, on two pages. Answer them yourself and see where your business is strong and where it’s exposed.

One email with the PDF, then occasional insights. Unsubscribe any time.

Not ready to talk?

Start with the 12‑question health check.

The same questions we ask in the first week of every engagement, on two pages. Answer them yourself and see where your business is strong and where it’s exposed.

One email with the PDF, then occasional insights. Unsubscribe any time.

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