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Thinking of Becoming a Supplier?

There are four steps that can help you in becoming a supplier of a Public or Private Organization. The following table illustrates each of them.

Make sure to impress first up

  • Plan ahead – make sure you are not too late and that you’re on the right track by looking into the market
  • Make sure that your staff is onboard
  • Prepare all standard material needed to submit with proposals/offers
  • Train your staff on proposal writing
  • Explore potential collaborations with other companies and do extensive research on their needs and potential

Know what you offer, preparation is always key

  • This is very crucial because this is how you show the industry what your potential is and how stable you are
  • Hence examine the bid document carefully and follow the instructions provided
  • The final objective of submitting an offer is to win the bid, but you should also remember that winning can be very subjective.
  • But you are unique, your company offers something very unique. This is why you should clearly mention your unique selling points
  • Understand your client well
  • Read, re-read and re-re-read your bidding documents till you are sure that everything is in order.
  • Do not assume that all evaluators are experts on the subject – make your proposal clear and coherent.

Have clear cut objectives and a time frame

  • Well, winning doesn’t mean you can give up on preparing for the bid.
  • Now the job is yours and this is the most difficult phase
  • Luck doesn’t help the game in the long run, this is why you need to keep your clients satisfied and deliver work on time
  • Good performance is a must
  • But sticking to the contract is way more important than good performance
  • Honesty? Yes, a must have between you and the client
  • Give your client a map, where you’re heading and what the progress is
  • Having a plan B is what most of the companies do, yes if things go wrong
  • Be proactive
  • Contractual obligations involve delivering what you promised before accepting any pay from them
  • If the client is satisfied, that is when you finish the project

Analyse by yourself and improve the bid

  • Do a performance analysis, know what and what not should be done and areas you need to develop.
  • Do a reflection on the project you just finished with your team member.
  • They need to know how they performed and what they need to improve
  • Secure client feedback and use it to improve your future execution plans
  • A product efficacy test and a mechanism that can cater to all the identified problems is a must

Following these simple but strategic steps will go a long way to help you in your objective of becoming a supplier. Stay engaged with diriya.lk for more valuable business information.

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