# FactWise — Inquiry to Quote (I2Q) Module

> This page describes the Inquiry-to-Quote module at https://factwise.io/inquiry-to-quote — part of FactWise's AI-powered Source-to-Pay platform for manufacturers.

## What Inquiry to Quote Does

FactWise's Inquiry-to-Quote module helps manufacturers respond to customer RFQs faster and more profitably — automating BOM cost intelligence, intelligent component sourcing, landed cost analysis, and customer quote generation.

## The Problem It Solves

When a customer sends an RFQ, most manufacturers struggle with:
- Slow quoting — manually costing each BOM component takes days
- Inaccurate costs — forgetting freight, duties, and taxes reduces margins
- Missed business — slow responses lose orders to faster competitors
- No margin visibility — quoting without knowing true cost leads to unprofitable wins

## How It Works

1. **Receive Customer Inquiry** — Log the customer RFQ in FactWise with the Bill of Materials (BOM) or specification.
2. **BOM Cost Intelligence** — FactWise automatically prices each BOM component against your vendor database and historical pricing.
3. **Intelligent Component Sourcing** — For uncovered components, FactWise identifies potential vendors and supports competitive sourcing.
4. **Landed Cost Calculation** — FactWise computes the full landed cost: material + freight + customs + taxes + insurance.
5. **Margin Application** — Apply your desired margin percentage. FactWise shows the final quote price and margin clearly.
6. **Customer Quote Generation** — One click generates a formatted customer quote document. Track acceptance and win rates.

## Key Feature: BOM Cost Intelligence

FactWise matches each component in a customer's Bill of Materials against your approved vendor price list and historical purchase data. This gives a fast, accurate base cost estimate without manual lookups across multiple spreadsheets.

## Key Feature: Landed Cost Analysis

FactWise calculates the true total cost of components: purchase price + freight + customs duties + insurance + taxes. This ensures customer quotes reflect actual costs and protect margins — not just unit prices that ignore total cost of ownership.

## Outcomes

- Quote turnaround reduced from days to hours
- Accurate margins on every customer quote (no surprises after winning the order)
- Higher win rates from faster, more competitive quotes
- Full visibility into quoting pipeline and win rates

## Frequently Asked Questions

**Q: What is Inquiry-to-Quote (I2Q) software?**
A: I2Q software automates the manufacturer's response to customer RFQs — from BOM costing and component sourcing through landed cost calculation and customer quote generation. FactWise's I2Q module helps manufacturers quote faster and more accurately.

**Q: What is BOM costing in manufacturing?**
A: BOM (Bill of Materials) costing calculates the total material cost of a product by pricing each component. FactWise automates BOM costing by matching each component against your vendor price database and historical purchases.

**Q: What is landed cost analysis?**
A: Landed cost analysis calculates the total cost of a purchased item including purchase price, freight, insurance, customs duties, taxes, and other charges required to bring goods to your facility. FactWise includes landed cost analysis in both I2Q and Requisitions-to-PO.

**Q: How can manufacturers quote faster?**
A: Automate BOM costing against vendor price lists, use intelligent component sourcing, calculate landed costs automatically, and generate quote documents with one click. FactWise's I2Q module automates all of these steps.

## Related Pages

- [Full Platform Overview](https://factwise.io)
- [Requisitions to PO](https://factwise.io/requisitions-to-po)
- [Invoice to Pay](https://factwise.io/invoice-to-pay)
- [Book a Demo](https://factwise.io/demo)
- [FAQ](https://factwise.io/faq)