Artificial intelligence and machine learning in bid management is an emerging area of interest and its application is changing virtually every industry and business function. Not since the industrial revolution have we seen as much advancement in such a short window of time. Data science is now king.
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The COVID-19 outbreak brought unprecedented challenges for governments to ensure not only the health of their citizens but also public service continuity. It was the biggest humanitarian challenge of the century, and one that quickly impacted global commerce and trade. With no time to ponder on how to fix the broken or outdated systems or rewrite procurement policy almost overnight emergency procurement legislation to bypass competitive bidding was enacted. It was a free for all grab between countries for emergencies supplies.
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Bid management is now a mature enterprise sales practice that involves dedicated resources and...
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Companies that systematically and routinely assess, capture, organise, find and connect their most important information in one place are best positioned to optimise this collective and tacit knowledge for bid response efficiency.
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Contractors bidding through the formal procurement process must be aware of specific bid...
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