Quote speed is a pricing decision
By
Tomás Ibarra
·
Senior Consultant
·
2 min read
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.



