Traditionally e-Tendering has been most commonly used by government agencies and the public sector rather than by the private sector. However, with increasing numbers of both business customers and consumers turning to the internet to research goods and services before making a purchase, e-Tendering is becoming a successful and efficient sales channel for a variety of organisations.
The electronic nature of an e-Tender marketplace means that a business never needs to miss an opportunity as they receive an email or SMS alert every time a relevant, new tender is published.
Businesses using e-Tendering as a service can benefit from significant administrative efficiencies and help ensure competitive pricing for the benefit of both buyers and suppliers. Suppliers get the benefit of customers, who have usually already made a decision to purchase, coming directly to them. They don’t have to spend time and money tracking down potential customers. They have a brand new sales channel with very little effort or cost.
Customers can let the suppliers do their research for them. Businesses that respond to the e-Tender will provide information about their products and services, their pricing, and any other information the customer might need to help them make the purchase. They will normally provide a link to their website and any customer testimonials that might be relevant. Rather than having to search the internet for this type of information, the customer completes one simple web-form and the suppliers do the rest.