Case Studies

Why a Provider of Complex Industrial Products and Solutions Wins or Loses Bids

Posted by | Fuld & Company

Background

A global maker of complex M2M industrial solutions had recently lost some contracts to smaller, seemingly more risky competitors. Finding that the company had no reliable, systematic process for analyzing wins and losses, they engaged Fuld & Company to conduct an analysis designed to understand how buyers made purchase decisions and to demonstrate what a win-loss process should look like.

Challenge

With commodities and discrete products, win-loss analysis is often straightforward, with sales success turning on a simple factor like price. Not so with highly engineered products embedded in complex solutions involving installation, startup, hardware, software, as well as managed and consulting services. The product is complex, the sales cycle is long, and many factors, weighted differently by different customers, go into purchase decisions. Bids are highly contestable and understanding what secured a win or caused a loss requires deep and nuanced information and analysis.

Approach

Fuld & Company developed and delivered a rigorous, systematic win-loss pilot that:

  • Provided valuable insights into current market perceptions of the company’s solutions
  • Created a baseline for an ongoing win-loss analysis program
  • Demonstrated the value of systematic win-loss collection for the client
  • Showed the company how a rigorous win-loss process is deployed

Result + Benefit

  • With the results of the win-loss pilot in hand, the company can:
  • Determine effective product/service differentiators and value propositions
  • Pinpoint where sales tactics and messaging aren’t effective or addressing customer needs and priorities
  • Understand competitor tactics and positioning in the product/service area, deal category, or geography
  • Evaluate sales effectiveness with key customers
  • Determine customer perceptions of the company vs. key competitors
  • Assess strength and depth of key client relationships
  • Illuminate pain points and potential future opportunities
Download PDF

 

[gravityform id=”48″ title=”true” description=”true”]

Tags: , , , ,

Related Resources

Read More

How a global food company used due diligence for a potential partnership

Due Diligence for a Potential Partnership “This is all great. Thank you so much to the entire team for the work […]

Read More

How a global metal manufacturer identified new markets

A multinational European metals and renewable energy company wanted to expand into new markets. Partnering with Fuld & Company, the […]

Read More

Upcycling food waste streams into functional ingredients

Fuld & Company partnered with a leading US-based global ingredient supplier to drive innovation and generate cost efficiencies. Fuld investigated […]

Subscribe to our mailing list for our latest updates: