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Cole Weiler

By Cole Weiler

CEO, BoltWise

Aug 2, 2024

The Future of Fastener Quoting Software: AI, Automation & BoltWise

The last 12-18 months have seen massive change affecting industrial distributors in this space.

Key Developments Include:

• BoltWise's AI-powered quoting software is changing the competitive landscape and "speed to quote"expectations required to win bids.
• Cost volatility and tariffs are pushing price adjustments and procurement uncertainty.
• B2B manufacturing/distribution is accelerating digital commerce and digitization.

View the full document here or read the synopsis below.

Fastener Industry Overview:
Market Size, Segments & Demand Drivers

Global Industrial Fasteners Forecast

The overall market for industrial fasteners is expected to grow through 2030, driven by several key construction sectors and build-outs.

Fastener Demand Drivers include:
• Construction/infrastructure tailwinds and sector shifts (data centers, utilities, infrastructure) affecting fastener volumes and specs.
• Reshoring and industrial build-outs can increase demand for specialized fasteners.

As demand shifts toward specialized specifications and faster project timelines, BoltWise's catalog refinement and handling of "hard-to-quote parts" are critical for enhancing.

Macro-Economic Pressures Affecting Fastener Quoting

Fastener Pricing Volatility - Tariffs, Steel Costs, and Supply Chain

Pricing Volatility: Tariffs, Steel Costs, and Supply Chain

When pricing changes weekly/monthly, winning bids requires fewer errors and less back-and-forth. BoltWise's AI matching and workflow automation is perfectly positioned for this industry shift.

Book a demo to see how BoltWise’s AI-powered quoting software helps companies win more bids.

Fastener Quoting Metrics That Matter in 2026 & Beyond

Key Performance Metrics
• Time-to-first-quote (median minutes/hours)
• Quote throughput (quotes/rep/day)
• Quote accuracy (revisions per quote; return corrections)
• Quote conversion rate (quotes to orders)
• Gross margin leakage (discounting variance; repricing impact)


Operational Maturity Levels
• Level 1: Manual/Tribal (email + spreadsheets+ memory)
• Level 2: Systematic (ERP search + templates)
• Level 3: Assisted (rules + partial automation).
• Level 4: AI-Enhanced (matching, normalization, workflows, analytics)
 

How BoltWise Optimizes Distributor Capabilities

Distributors leveraging BoltWise ensure their capabilities are optimized to win bids.

BoltWise enables distributor solutions including:
• Catalog Refinement
• Hard-to-Quote Parts
• Workflow Automation
• Smarter Sourcing

Book a demo to see how BoltWise’s AI-powered quoting software works.

Trends Reshaping Fastener Quoting & Distribution

Digital Buying Expectations

Buyer expectations for digital commerce are rapidly increasing.

Automation Trendlines

Manufacturers are increasingly adopting automation, impacting distributor operations.

BoltWise's AI quoting software upgrades your buyer experience by integrating with common ERPs like Prophet 21, The Business Edge, and INxSQL, even if your workflow is manual.

Use Cases: When AI Quoting Software Creates Measurable Business Impact

BoltWise AI Quoting Software Use Cases

• Messy Inbound RFQs (email/spreadsheets)
- Impact: slow response, lost deals

• Catalog Inconsistency & Duplicate Parts
- Impact: quoting mistakes, rep frustration, slow onboarding

• Pricing Volatility + Frequent Updates
- Impact: quote revisions and margin leakage

• Tribal Knowledge Dependency
- Impact: key-person risk, uneven performance

Before & After: BoltWise Impact

Before & After BoltWise AI Quoting Software
  • Before BoltWise
    Manual interpretation of customer emails
    Searching through inconsistent item descriptions
    Slow quote turnaround

  • After BoltWise
    Faster quote creation inside existing workflows
    Cleaner, searchable product data
    Consistent quoting across the team

  • Book a demo to see how BoltWise can transform your business.

Actionable Recommendations for Industrial Distributors

90 Day Improvement Plan

See why industry leaders trust BoltWise when it comes to catalog refinement, hard-to-quote identification, workflow automation, smarter sourcing, and analytics.

AI Quoting Software 90 Day Distributor Improvement Plan

Customer Testimonials: Customers Love BoltWise AI Quoting Software

"The BoltWise team has been a greatpartner, understanding our challenges anddeveloping solutions. BoltWise is changingthe speed at which we can identify &source products for our customers, and weare excited about their future direction!"
Tanner Chaffin, Owner, Action Fasteners and Supply

"Working with BoltWise has been a breathof fresh air. They quickly adapt to ourrequests, making us more efficient, andquotes that used to take days now getcompleted in no time. This has greatly improved the customer experience, andBoltWise truly provides a real edge for anydistributor."
David Byrne, CEO, The Olander Company

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