Data & Intelligence
Your Competitive Edge in Tendering
Life Sciences tendering
In Life Sciences tendering, where every bit of data can make the difference between winning or losing a tender, the Data & Intelligence module ensures you’re always a step ahead, equipped with the insights needed to make informed decisions.
Understanding your Tender Environment & Trends is critical, but very difficult.
In the complex world of Life Sciences tendering, data is king. Yet, tender data and insights are notoriously difficult to collect, with relevant opportunities often hidden in a sea of irrelevant information. Understanding market trends, capturing competitor strategies, and gaining deep insights into tender customers are critical, yet incredibly challenging tasks.
With tender models and frameworks varying between countries, gaining a clear overview of situations and trends can seem like an impossible task.
Access more data – Bid Smarter
The Data & Intelligence module transforms your tendering process from a reactive approach to a proactive, efficient, and data-driven operation.
By automating the collection and analysis of tender data across multiple countries and sources, it significantly reduces the time and resources spent on information gathering. The module provides deep insights into competitor behavior, market trends, and customer preferences, offering a clear, actionable overview of the tender landscape and supporting critical decision-making throughout the tender process.
Beyond standard data with Augmented Data Discovery
We go beyond standard data sources to give you a comprehensive view of tender opportunities worldwide. We dive deep into global or local tender sources across Europe, the UK, Latin America, the Middle East, and Asia. This expansive coverage ensures you never miss a relevant opportunity, no matter where it originates.
Our advanced algorithms allow us to:
- Forecast future tender lots publications
- Automatically qualify tenders for your specific needs
- Provide additional functionalities and insights beyond raw data
DeepDive™ Technology:
AI-Powered Precision
Our proprietary DeepDive™ Technology sets us apart:
Healthcare
and tender-specific AI-based search algorithms
Highest coverage
in the industry
Unmatched completeness
αnd data quality
Leveraging AI
By leveraging AI, we ensure that every tender we discover is relevant, timely, and rich with the details you need to make informed decisions.
Discover the power of truly intelligent tender discovery with Cube RM. Let our technology amplify your team’s capabilities and drive your success in the competitive world of tenders.
Advanced Data Extraction
Our DeepDive™ Technology goes beyond basic data collection:
- Extracts publication and award criteria
even when not readily available in an online source. - Uncovers lot details
submitted in irrelevant fields - Identifies and extracts crucial pharmaceutical product details, including:
Substance
Dosage
Form
Packaging - Facilitates tender qualification
based on specific customer criteria.
Tender Data & Intelligence Module
Explore the Dashboards of our modules
Understand award criteria, timelines, budgets and anticipate tender lots before even published.
Daily screening of multiple websites and thousands of tender documents across many countries to discover relevant tenders for your specific portfolio.
Customizable Qualification Index that prioritizes the most relevant tenders (5-star rating logic based on molecule, market, budget etc.).
Advanced filtering capabilities and different views on tender / lot level.
Features like read/unread indication and color-coded labels allow you to categorize tenders based on their status, urgency, or other relevant criteria.
Who won previous tenders, at what value and based on which award criteria.
Features tender sources, customers, award dates, awarded values, award criteria, tender winner(s) and more.
Advanced filtering capabilities and different views on tender / tender lot level.
A deep dive into how tenders are awarded.
Occurrence & weighting of award criteria per country, portfolio and customer type.
ensuring highest coverage, timeliness & quality of data
Your Competitive Edge in Action:
- Make data-driven choices to optimize your tendering strategies based on market trends and insights.
- Easy access to very detailed, high-quality and high-coverage tender intelligence for your portfolio and countries of priority, all specifically developed for the Life Sciences.
- Gain a deeper understanding of market trends and competitor activity.
- Industry experience, strong Quality Assurance processes and direct access without the need for a deployment
FAQ
Q:
1. Who can benefit from Cube RM?
A:
Cube RM empowers Life Sciences and Healthcare organizations of all sizes involved in the public tender bidding process. Whether you’re a small biotech startup or a large pharmaceutical company, our platform streamlines tender discovery, provides valuable insights for informed decision-making, and helps you optimize your bid strategy for increased win rates.
Q:
2. How does Cube RM analyze tenders using AI?
A:
Cube RM leverages Large Language Models (LLMs) to analyze tender documents in multiple tender sources and languages. These advanced AI models understand the key details of healthcare terminology and tender requirements. This enables them to extract crucial information, identify relevant opportunities, and automate tasks with human-like accuracy. This comprehensive analysis ensures you have all the relevant data at your fingertips to craft winning bids.
Q:
3. What kind of insights does Cube RM provide through Tender Central?
A:
The Challenge: Finding and analyzing relevant tender data can be time-consuming and difficult. Tender Central solves this by:– Aggregating Tender Intelligence: Access all relevant tender information from a single, user-friendly platform.
– Personalized Insights: Easily discover tenders tailored to your specific needs and portfolio with just a few clicks.
– Forward-Looking & Historical Data: Gain insights from both upcoming published and anticipated tenders and lots, as well as historical data on winners, awarded values, and award criteria.
– Competitive Intelligence: Uncover key information about major tender buyers, competitors, awarded values, and award criteria specific to your market and portfolio.
Q:
4. How does Cube RM’s tender discovery process reduce “noise”?
A:
Our AI-powered healthcare & tender-specific DeepDive search, goes beyond simple keyword matching.– Deep Dive Technology: This advanced technology analyzes tender documents using healthcare-specific criteria and tender requirements.
– Focus on Relevant Opportunities: By filtering out irrelevant information, Deep Dive ensures you see only the most relevant public and local tender opportunities for your business.
– Extract Hidden Details: DeepDive can even extract crucial details like award criteria, specific requirements, and lot details often buried within tender documents (dosage, form, strength etc). This helps you make informed decisions about tender qualification.
This targeted approach saves you valuable time by eliminating irrelevant tenders and focusing on the ones with the highest potential for success.
Q:
5. How does Tender Pricing Guidance help me find the optimal price to bid?
A:
Tender Pricing can be complex, especially with limited competitor data. Cube RM’s Tender Pricing Guidance helps you overcome this challenge by leveraging AI to:– Simulate Pricing Scenarios: Test different pricing strategies to identify the optimal price point that maximizes both profit and your chances of winning the bid.
– Analyze Competitor Data: Gain insights into potential competitor pricing strategies based on available data.
-Win Probability Calculations: Calculate your win probability at different price points to make informed bidding decisions.
– Guided Process: Tender Pricing Guidance walks you through the process step-by-step, providing checklists and relevant information at every stage.
This comprehensive approach empowers you to set competitive and profitable prices for your tenders, ultimately increasing your chances of success.
Related Resources
CASE STUDIES
TENDER MARKET INTELLIGENCE
23/05/2023
ARTICLES
TENDER MARKET INTELLIGENCE
TENDER MANAGEMENT
19/05/2023
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