Case Study: Milliken achieves faster quote creation and value-based pricing with Pricefx

How Milliken makes value-based pricing move at speed

Milliken & Company, an advanced materials manufacturer, faced a challenge with its manual, time-intensive pricing and quote approval processes. These unsustainable methods were a bottleneck for the company's value-based pricing strategy for its highly differentiated products. To address this, Milliken partnered with the vendor Pricefx to invest in pricing maturity and automate its execution.

By implementing Pricefx's pricing software, Milliken automated its quote creation and approval workflows. This solution dramatically reduced the time to generate a quote from 6.2 hours to just half an hour. The vast majority of quotes now auto-approve, which has freed the pricing team to focus on value-based selling rather than manual execution.

Milliken & Company