How to quickly adjust the OEM quotation for auto parts with fluctuations in foreign trade exchange rates

In recent weeks, the domestic Renminbi exchange rate has been continuously appreciating and is expected to break through to the era of 6. x.

The continuous appreciation of the Renminbi exchange rate is not a good thing for foreign trade, and the corresponding GDP is also under pressure, but all of this is within the controllable range domestically.

For foreign traders, changes in exchange rates also involve adjustments to quotations. If a fixed exchange rate is adopted, over time, operating profits will be under pressure, and there may even be losses or no profits. Therefore, many companies also use real-time exchange rates when quoting for foreign trade. The quotation will be provided on the same day, resulting in improved efficiency while minimizing losses caused by exchange rate fluctuations.

Many foreigners hold OEM lists and seek quotes from domestic auto parts companies. Traditional quotation requires manual quotation and exchange rate calculation. If there is a slight miscalculation, the entire quotation may need to be remade. Not only is the process cumbersome, but the risk of errors is also high. Not to mention historical quotations, it is also difficult to obtain references. And the foreigner and we have a time difference. If we quote today, the foreigner may not reply to you until tomorrow, and if they find out that the exchange rate has changed the next day, they may need to requote again.

Not to mention, based on the analysis of OEM quotations, foreigners found that several OEMs were missing and continued to add some OEMs. Alternatively, based on the quotation, it was found that some OEMs with quotes no longer require quotes and would like to remove them.

Several back and forth communications resulted in the corresponding quotation requiring repeated revisions. Exchange rates, prices, OE procurement quantities, OEM brands, total OEM items, win/lose orders, etc. all need to be adjusted.

In response to the pricing pain points in the auto parts industry, Auto Parts Fast Lane has launched a strategy of batch copying and pasting OE numbers for pricing, with fixed and floating exchange rates that can be adjusted at any time, and a quick one click pricing function, which has been well received by customers. Provide a quotation within seconds and a result within seconds. While improving efficiency, there is no probability of errors. Moreover, historical quotations will also be referenced, and even used directly.

The quotation can delete OE number quantity, purchase quantity and other data at any time. Simultaneously supporting multi currency settlement, supporting the conversion of all global currencies such as RMB, USD, EUR, etc. Reduce the losses caused by exchange rate fluctuations to zero or minimize them.

At present, all the customers who have joined are satisfied with the usability of this feature. It is also our industry-leading best solution, continuously serving hundreds of customers and helping them reach new heights in revenue!