Tender Pricing Guidance
Optimize tender pricing and win more tenders
Looking to Enhance Your Tender Pricing Strategy?
When it comes to bidding management and tender awards, pricing is a critical factor, especially during key phases like LOE.
Setting the right tender pricing can be challenging, considering the uncertainty of what competitors might do. Reliable and accurate competitor pricing info is very hard to capture.
In the fast-paced and high-pressure business environment, keeping track of all the factors that could impact pricing is a real challenge. Our tender pricing guidance software is designed to help you navigate this complexity, ensuring you make well-informed pricing decisions and stay ahead of the competition.
Benefits
Determine the optimal price
Cube RM’s tender pricing software guides you through the process of finding the optimal tender price, with checklists and relevant information at every step of the way.
Estimate competitors’ pricing
Input key competitors for each tender and determine their potential pricing. By comparing their pricing with your own, you can optimize your decision-making process for each tender opportunity
Checklists & input of additional factors
Systematic checklists to input potential additional factors that can influence your competitor’s tender price (market dynamics, product-specific factors, or other variables).
Key Features
Cube RM’s predictive pricing algorithm efficiently processes all relevant factors, simulating thousands of pricing scenarios within seconds. It accurately predicts probabilities of winning at critical price points.
Visualize pricing recommendations and scenario simulations to comprehend how various price adjustments impact the probability of winning and the expected revenue.
Compare and contrast different pricing strategies by saving and re-loading custom pricing scenarios
The system provides additional relevant information, benchmarks and insights to make a better estimation of the impact per price factor.
Input of some basic information about the tender / lot and price vs. quality ratio for your company and for competition.
By pressing the ‘find your best price’ button, the system will run the Cube RM proprietary Health-Care Tender pricing Algorithm
The Tendering Maturity Assessment
Benchmark your current tendering maturity and identify opportunities to increase your performance and boost your business.
TAKE ASSESSMENT
The average Life Sciences Maturity is near 60%. Where do you stand?
Related Resources
CASE STUDIES
TENDER MARKET INTELLIGENCE
23/05/2023
