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  • Actual for You - Project Management - Reviewing the Invitation to Tender

    An Introduction to Supply Chain Management
    The mere mention of supply chain management, outside of business circles, tends to set eyes rolling. While it may not be of interest to the average lay-person, it is an item of great interest to those in the business community. Supply chain management is a crucial element of good overall business management. Long term viability and corporate profi
    n to Tender (ITT) in the required timescale with a feasible bid?
    - Do we have the resources to bid and carry out the project, if won

    There will be more questions that this but these are the major ones that senior management will need to be answered in order for your bid/no bid decision to be approved.

    The first two questions will req

    Increase Your Value, Increase Your Salary
    Although money shouldn’t be the most important factor in career decisions, it has a big impact on our lives. How much money we earn will dictate where we live, where we vacation, the lifestyle we enjoy, and how and when we will retire.When you work for someone else, you have a limited amount of control over your salary. You negotiate your st
    The team members are in place, many of whom will have been pillaged from other projects and you need to set them to work. The first priority when managing a bid is to have the customer's bid documentation reviewed. No one person is an expert on all aspects, which is why you have a team comprising members from all different disciplines and that is how you divide up the paperwork. The technical specification will be reviewed by your technical expert, the contractual terms and conditions by the Commercial Manager and so on.

    You will need to set a timescale for this, and all other, activities because invariably, bid periods are far too short for the amount of work that needs to be done. A few days should be sufficient for your team of experts to come up with an answer to those burning questions "Do we want this job?" and "Are we capable of doing this job?"

    Yes, believe it or not, just because your favourite customer has invited you to tender for a project, you don't actually have to accept his invitation so the very first team decision is the Bid/No Bid. You should, as a company, have a procedure in place which lays out guidelines for making this decision and some of the questions you will have to answer will be as follows:

    - Is this the company's core business?
    - If it's not core business, do we want to get into this area?
    - Can we respond to the Invitation to Tender (ITT) in the required timescale with a feasible bid?
    - Do we have the resources to bid and carry out the project, if won

    There will be more questions that this but these are the major ones that senior management will need to be answered in order for your bid/no bid decision to be approved.

    The first two questions will requ

    Customer Support: What Does Yours Say?
    Whether you are talking about customer support software or you are talking about those employees that answer the phones, what does your customer support say about you? It should portray to the customer that you are dedicated to them and that you will do whatever it may take to make their experience the best it can be.What should customer supp
    ow you divide up the paperwork. The technical specification will be reviewed by your technical expert, the contractual terms and conditions by the Commercial Manager and so on.

    You will need to set a timescale for this, and all other, activities because invariably, bid periods are far too short for the amount of work that needs to be done. A few days should be sufficient for your team of experts to come up with an answer to those burning questions "Do we want this job?" and "Are we capable of doing this job?"

    Yes, believe it or not, just because your favourite customer has invited you to tender for a project, you don't actually have to accept his invitation so the very first team decision is the Bid/No Bid. You should, as a company, have a procedure in place which lays out guidelines for making this decision and some of the questions you will have to answer will be as follows:

    - Is this the company's core business?
    - If it's not core business, do we want to get into this area?
    - Can we respond to the Invitation to Tender (ITT) in the required timescale with a feasible bid?
    - Do we have the resources to bid and carry out the project, if won

    There will be more questions that this but these are the major ones that senior management will need to be answered in order for your bid/no bid decision to be approved.

    The first two questions will req

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    few days should be sufficient for your team of experts to come up with an answer to those burning questions "Do we want this job?" and "Are we capable of doing this job?"

    Yes, believe it or not, just because your favourite customer has invited you to tender for a project, you don't actually have to accept his invitation so the very first team decision is the Bid/No Bid. You should, as a company, have a procedure in place which lays out guidelines for making this decision and some of the questions you will have to answer will be as follows:

    - Is this the company's core business?
    - If it's not core business, do we want to get into this area?
    - Can we respond to the Invitation to Tender (ITT) in the required timescale with a feasible bid?
    - Do we have the resources to bid and carry out the project, if won

    There will be more questions that this but these are the major ones that senior management will need to be answered in order for your bid/no bid decision to be approved.

    The first two questions will req

    Creating Admin Procedures
    A previous client told me that clarity is power. This statement has continued to have on impact on how I do business.I remember getting 8 clients over a period of 2 weeks when I was first starting out. I was more scared than excited because I had no idea what my next steps were going to be with these new clients. Thank goodness my planning ski
    ecision is the Bid/No Bid. You should, as a company, have a procedure in place which lays out guidelines for making this decision and some of the questions you will have to answer will be as follows:

    - Is this the company's core business?
    - If it's not core business, do we want to get into this area?
    - Can we respond to the Invitation to Tender (ITT) in the required timescale with a feasible bid?
    - Do we have the resources to bid and carry out the project, if won

    There will be more questions that this but these are the major ones that senior management will need to be answered in order for your bid/no bid decision to be approved.

    The first two questions will req

    Measure Your Measurement - So You Know If It's Working
    How do you know if all your efforts to do with measuring organisational performance are efforts worthwhile? Do you know what impact your measurement system is having on the very things it's there to help improve (which is organisational performance, in case it's not obvious)? What we're talking about here is measuring the performance of your performa
    n to Tender (ITT) in the required timescale with a feasible bid?
    - Do we have the resources to bid and carry out the project, if won

    There will be more questions that this but these are the major ones that senior management will need to be answered in order for your bid/no bid decision to be approved.

    The first two questions will require the input particularly of your Marketing Manager. This person will, if he's done his job properly, have found out from your customer where a favourable response to this bid could lead. Bidding for a low value pilot project may not seem much in itself but if a successful bid leads to a full development contract, followed by several phases of production or implementation, then that is a different matter. Your Marketing Manager will know how this project relates to others coming along, he will know about the politics surrounding this bid, your customer's expectations, the general feel in the marketplace and the probable competition. He will be able to work out, to a degree, the likelihood of your winning this bid, taking into account the opposition and all sorts of other factors. In general, it will be the Marketing Manager who leads the presentation of the bid/no bid decision to your board of directors, showing anything that may have an affect on the outcome of the bid.

    In the next article, we will discuss the management of the bid.

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