Reducing Quoting Time from 5 Days to 24 Hours with Factorem
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VMD, a precision engineering company in Singapore serving the automotive industry, faced inconsistent part quality, high sourcing costs, and long quoting times from multiple suppliers. Their manual sourcing process made it difficult to manage costs and delivery timelines for prototype and low-volume runs.
Factorem integrated its AI-powered platform into VMD’s procurement workflow to drive cost and process efficiency. Using its proprietary AI model, Factorem automatically identified the most competitive market rates from its vetted supplier network while ensuring high quality and reliability throughout production.
VMD reduced quoting time from 5 days to under 24 hours, achieved stronger cost competitiveness, and streamlined sourcing efficiency across teams. Engineers now focus on rapid design iterations instead of manual coordination.
Factorem helps companies like yours:
✅ Slash lead times by up to 70%
✅ Eliminate vendor sprawl and quoting delays
✅ Support on-demand, high-mix, low-volume production
