Business Challenges
Creating competitive advantage in high-value public tendering is extremely challenging. Its not just about the tender submission! Success depends on a company’s ability to strategically plan, efficiently manage bids, ensure strong governance, and maximise return on investment. A structured bid management approach is essential to gaining advantage in this highly competitive landscape. In this article
Part 2 of 3. As part of the UK Procurement Act 2023, the Find a Tender Service (FTS is being upgraded to provide a more efficient and transparent system for contracting authorities and suppliers engaged in public procurement activities. To source and participate in public sector contracts, suppliers will need to complete a registration
With multiple tenders on the go and tight deadlines to hit, regularly assessing your bidding universe, performance and results can be hard to maintain. But without this critical activity, it is hard to stay agile and alert to new threats and opportunities or identify areas of your bid process for improvement. In this article
With potential tender wins bringing in thousands or millions in value to your business, can you afford to rely on a limited understanding of your bidding universe? In this article we look at the frustrations of obtaining Contract Notices and Awards data for deeper analysis. Plus, delve into the valuable insights that can be
Bid Process Management consists of managing the activities a supplier undertakes when tendering for public and private contracts. This is a highly complex activity given the multiple teams, numerous tasks and volume of content involved. In this article we break down the bid process into 6 distinct elements covering pre-bid, bid and post bid stages.
Choosing the right technology and tender management software vendor is critical to your bidding success. A dedicated tender management solution can significantly improve efficiency, compliance, and visibility across the whole tendering process. However, its important to not just focus on features and functions of any potential software! The people you will work with are equally
It’s hard to take time out to evaluate and improve your tender management practices, especially when under pressure to win bids. But ignoring ongoing challenges and inefficiencies will only continue to hinder your company’s ability to win more valuable contracts. Often taking the first step is the hardest, which is why we have published a
Business Process Management (BPM) is an ideal approach to assess and streamline your complex bid management processes. In this Part 2 of our BPM series, we delve deeper into the benefits of BPM. And discover how a BPM platform, such as TenderEyes, dedicated to bid management, can deliver exceptional improvements across your whole bid journey.
Business Process Management (BPM) is a well-established model for improving business processes. It is well suited to being applied to tender management.In this article we discuss how BPM offers a valuable approach to improving and streamlining your whole end-to-end bid journey. Plus we explore the six steps of BPM and highlight the benefits that can
Subject Matter Experts (SMES) play a pivotal role in the bidding process. Bid Teams are reliant on their colleagues’ areas of expertise to help answer the 100s of questions within high-value tenders. However, this puts a lot of pressure on the Subject Matter Experts, especially when fitting in this additional activity between their own workloads
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