Why do you need CPQ bundles?
CPQ bundles are groups of goods that are sold together. The customer or salesperson can choose which bundles to use when quoting a price. Customers can buy more than one item at a time with CPQ bundles, and businesses can sell related things together to make the deal more valuable.
The CPQ software has configuration rules that ensure bundled goods work together and can be sold together. It reduce quote mistakes and ensure the correct product combinations are sent to order fulfillment.
Synonyms
- CPQ product bundles
- Bundles in CPQ
- Product configuration bundles
CPQ Bundles: Pros for Sellers
Sellers can benefit from CPQ packages by making sales more efficient and getting more accurate quotes. They make sure that the choices made are technically accurate and follow business logic when setting up a product or making a quote.
People who sell complicated goods or services, like software, hardware, skilled services, and manufactured goods, often use it.
CPQ bundles: why buyers should buy them
Customers have an easier time with CPQ packages. They help buyers ensure they order the correct product options and keep order fulfillment from being held up.
Bundles of goods in CPQ often come with complex services that go with them, like support and installation. Customers save time and money while getting the necessary parts to set up a service or solution.
CPQ’s Different Types of Configuration Bindles
CPQ bundles are groups of goods that a business sells together. They could come already put together and can’t be changed, or they could be customizable, which means the user can pick what comes in the bundle.
There are rules for configurable bundles that make sure the configuration is correct and that all the goods chosen for the bundle work well with each other.
The three main types of CPQ bundles are fixed, flexible, and stacked. Virtual bundles and changeable bundles are also out there. Let us look at what makes each one unique.
Bundle of Static
Bundles of goods and services that a company already sets up to make the sales process easier are called static CPQ. These fixed packs include goods or services that have been put together so that customers can buy them as a set without making any other changes or customizing them.
The price of a static pack is usually set and can’t be changed.
The Configurable Bundle
Users can set up product and service bundles to follow rules that have already been set up so that wrong setups don’t happen. This lets sales reps make product bundles that fit their customers’ needs by choosing from a few choices.
Inside a Bundle
Bundles inside are what stacked bundles in CPQ sound like. Nested bundles are a robust tool that lets users create complex pricing and product structures.
Customers or sales reps can put together groups of goods that can be configured in different ways and get quotes for these groups. This can speed up sales by reducing the time needed to make quotes.
Bundle for Virtual
There is a parent bundle called a virtual bundle that holds other goods. Having a fake bundle does not cost anything.
The Dynamic Bundle
When product filter rules are used with dynamic bundles, sales reps can pick from a list of choices that have already been approved. No actual product records are made, making it easier to keep track of, especially for changing or growing packages.
