Finding the right tools for tender monitoring can be challenging. Every business has different needs when it comes to procurement, and to win higher value contracts it is important that your business is covering all the bases.
Learn more about how business intelligence can support tender monitoring.
The most obvious method of tender monitoring is tender alerts. This type of service alerts you to any tenders that match certain keywords your business uses to segment relevant contract opportunities. Many businesses find a tool like this valuable as it eliminates manual search and can make a procurement strategy more efficient.
What if your business could identify new tender opportunities early?
Tracker’s Market Intelligence tool is a news feed that provides users with content from a range of public procurement sources.
This crucial market information can be used strategically to help you stay one step ahead of your competitors and can also drive your business to be more proactive when tendering for public and private sector tenders.
Historical data can help your business prepare for the future when it comes to public procurement.
Using this type of solution will allow your business to identify buyers who have previously purchased the goods or services your business supplies – if they have purchased before, it is likely that they will purchase again.
This puts your business in a good place, as you will know what connections to make and what types of businesses you should reach out to.
Think outside of the box and start using a spend analysis tool to monitor tenders and identify buyer spend patterns.
This type of tool will allow your business to access information about the buying organisations your business wants to work with, such as where they spend, with whom, on what and in which sectors.
There is much more to tender monitoring…
Whatever way your business monitors tenders, try something new with Tracker. See how the tools mentioned above can be used to support your business in finding more opportunities with the public sector.
Request a FREE personalised demo of Tracker and find out how to keep your business one step ahead of the competition.