Tender Win Rates is the number 1 metric you need to monitor and regularly report on. But is it one of those metrics that you take for granted and never question? This is the litmus test for tender success – the equivalent of the finance Acid Ratio for business liquidity. Your win rate and changes
We are more than halfway through the year, and you haven’t had time to breathe or take stock. But it is important to take a step back and review your tender results - both wins and losses. There is much that can be learnt from analysing your results and establishing if you are hitting your
With many Bid Teams still reliant on generic business tools to complete their bid activities, the use of Artificial Intelligence (AI) seems a bit of a dream! Or is it? In this second part of our AI series, we explore how Artificial Intelligence and machine learning technologies are already being harnessed within TenderEyes Bid Management
Artificial Intelligence (AI) is currently grabbing the headlines! But what potential do these new technologies have in the tender management world and are they a good thing? In this first of a two-part series, we look at the pros and cons of AI within business and its potential in the sourcing and completion of tender
What is a Tender Management System? This appears to be a straightforward question! But we know from Google search results and our own prospect enquires, it’s a little more complicated to answer. As we discuss in this article, it is a term used in various ways by those involved in different areas of procurement and
Are you tired of missing out on tender opportunities due to poor qualification? Look no further! In this article, we explore the top sales models for effective tender qualification. Whether you prefer a recognised approach or a customized solution, a well-informed decision-making process is crucial for bid success. By eliminating inconsistent qualification methods, you can
No doubt your business is aiming to improve revenues and won contracts in 2023. January is a great time to take stock and review your 2022 bid management strategies, processes, tools, performance and results. Let’s look at the critical questions you need to ask. This will provide detailed insight into your existing setup and help
We all know every hour counts when you potentially only have 40 working days (8 weeks) to craft and submit your tender response. Any delays in sourcing and qualifying tender opportunities can have big implications further down the line. Days and even weeks can pass before your Bid Team has sight of the work they need
Submitting tenders that secure the highest evaluation scores and win contracts is a huge business-critical challenge. It’s a difficult one to sustain given its highly competitive nature. In this article we explore practical ways your Bid Team can improve the quality of your tender responses, and thus secure higher evaluation scores and increase win probabilities.
CPV Codes are a critical component of finding your best-fit tenders! Tenders, that are aligned to your business strategies, goals, products and services. And giving you the best chance of compiling higher scoring tender responses and improving your win rates. But are your targeting strategies and sourcing methods working? CPV (common procurement vocabulary) codes are
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