Creating a data analytics roadmap for bidding organisations is both challenging and exciting. With new and emerging data sources linked to bidding activity, businesses can access faster insights to support strategic decisions and manage risk like never before.
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When an organisation pursues a bid opportunity it will invest significant time, cost and resources to win the contract. Therefore, the assessment, prioritisation and selection of the right opportunities is a critical decision that has direct correlation to business success. This whitepaper presents the common factors used to support bid no bid decisions and explores the potential application of AI to advance the bidding and procurement process.
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Digital procurement transformation and the impact on bid management is evolving, fast. Read how industry is applying AI and machine learning.
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In recent times business has learned how fragile the supply chain is (and that our risk management plans were focused too much on ‘known’ risks), we have also seized new opportunities to become more interconnected, and accepting of new technologies and novel ways of finding solutions.
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Bid management is now a mature enterprise sales practice that involves dedicated resources and...
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