A MULTIVARIABLE SYSTEM BASED APPROACH FOR PROCESS IMPROVEMENT IN BID MANAGEMENT
A MULTIVARIABLE SYSTEM BASED APPROACH FOR PROCESS IMPROVEMENT IN BID MANAGEMENT

Summary/Abstract: This paper presents a control system based approach on bidding process for winning business deals, which make use of a basic non linear model formulated with the steps involved in common bidding scenarios in the present industry. This system will follow an error-correcting mechanism for creating proposals which will result in successful business contracts. The input-output feedback system will assist us in predicting, identifying and fixing the issues, based on a priori information and optimize by itself giving better results for increased usage. Modules can be defined and integrated to the system by following a standardized architecture. This will pave the way to provide a system which helps bid/proposal managers for achieving high win rates, as well aid the organization to monitor, measure and improve process performance using the feedback mechanism.

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