Electronic industry in India took a new turn with the more shift towards space and defense technologies in 1965. Followed this were the consumers goods and products like black and white TV, calculators, radio and other such products. Black & white TV was soon replaced by the colored and higher version of each electronic goods were there in the market for consumer. Then with the Asian game of 1985 in India there was advent of telephone exchanges and computers.
The most rapid growth of electronics in India was observed during 1984 and 1990 and so this was the golden period. At present this industry is so huge that by the end of 2010 it is expected to touch US $150 billion. For electronics largest segment is consumer and for export it is the components of the electrical goods that are the biggest. Most of the trade in this sector is done through tenders so here are the valuable tips on selecting the best electronics tenders.
Tips to Choose the Best Electronics Tenders and Electrical Goods Tenders
Make a Plan – You cannot start anything without a plan. So while choosing the best electronics tenders you must have a plan and a strategy. First of all start searching for the tenders from different sources. This includes websites, newspapers, advertisements, information from the buyers and middleman. Also check recent electronics goods tenders you have filled. Find out what mistakes you have done. Also find the most successful electrical tenders of yours. You can surely define your area of expertise through this information and this will help you to select the tender pertaining to your niche.
Review the Information – From the pool of tenders select the some that are from your field. Now once you have collected the latest electrical tenders, it is the time to review each in detail. Analyze what the tendering company is expecting and what you can provide. There should be a total sync here. Also check out what market segment you can target as picking any tender is just the waste of resource, time and cost. So the electrical tenders that you are going to select must fit into your present business objectives completely. If you want to find out more about the electronics tenders then become members of professional bodies related to this sector, keep an eye on trade press, attend any networking gathering pertaining to your field and stay in touch with latest news.
Analyze Cost and Time – Beyond competitiveness and transparency do proper analysis of revenue versus cost. After all at the end of the day you need to make profit out of the services that you are going to provide. Consider the benefits of cost and time. Also check whether the electrical goods tender is solely focused on price or many other dimensions. Check if the whole criterion suits you or not. Weigh cost, time and money to choose the best electronics tenders.
Eligibility of Bidder and Electronic Tender Requirement – Before picking the tender you must weigh your eligibility in filling the tender. Whether you comply with the requirements or not should be checked. Your past experience, financial security, personal capabilities, equipments and litigation history must be according to the requirement mentioned in the electronics tender.
Access How the Electronic Tender will Affect Your Work – In order to choose the best electronics goods tenders you must evaluate it from the expansion point of view. Analyze how it is going to affect your present business and your staff. Do consider that what kind of other businesses in future you can get more because of this electronics tender. So you will have to be a visionary while selecting the tender.
Compare Electronics Goods Tender with Your Present Services
You are the best judge of yourself and your business. For picking the best tender know the following:
What you can do?
What are your present services?
What is the quality of these goods and services?
How much time would you take to complete the project?
Do you have enough resources to complete the electrical tenders in time?
Tendering is not just filling the information and winning it but it is more of business expansion, providing quality goods and services and that too at right cost and on time. Make a successful plan and follow it completely to choose the best electronic tenders and to become an epitome of success in your field.