Case Study: Electronic and Maritime Systems reduces proposal turnaround by one-third with PRICE Systems TruePlanning

Electronic and Maritime Systems cuts proposal turnaround by 33% with PRICE Systems

Electronic and Maritime Systems, a leading manufacturer of advanced electronic and maritime systems, faced significant delays and inefficiencies in its manual, bottom-up proposal process. The company partnered with PRICE Systems to reduce this workload without sacrificing accuracy, seeking a solution for its time-consuming methods that relied heavily on subject matter experts.

PRICE Systems implemented its TruePlanning Cost Estimating Framework, which streamlined the process by allowing for top-down estimates that incorporated multiple cost models. This solution from PRICE Systems resulted in a 33% reduction in proposal generation time and a 10% reduction in labor. The estimates were validated to be within 7% of previous proposals, the on-time delivery rate doubled, and the tool became a crucial decision-making tool for senior management.