Summary – While ultimate objective in business is making profit; it has become a bit too difficult with traditional objects where competition level is very high. Allied product tenders offer a viable alternative in such cases, especially for newcomer businessmen. Usually such tenders are related to the products that only compliment and supplement the original products enhancing its usability and efficiency. Yet the field offers great opportunities for businessmen to jumpstart there business without facing the stiff competition of the main market. Even this subsidiary field of business could earn great profits and could be they key to a gold mine for them.
In business the ultimate objective of every entrepreneur is making profit. However, in the fiercely competitive commercial world today, it is becoming more and more difficult earning such profits with the traditional product. However, business in allied products offer great opportunities and therefore allied product tenders could be the key to a gold mine for them.
Usually tenders are floated for purchase of primary items for the business but at times there are huge requirements for secondary or related items as well. These related items are called allied products as they supplement the performance of the primary object.
Types of Allied Products Tenders
Multiple types of such tenders are always afloat in the market. Some of the common tenders floated relate to:
Mailing equipment supplies that includes items like packaging boxes, pallets, trays, crates, and cartoons. While they are not by themselves the primary product that is promoted by the company, they are essential for carriage and movement of the cargo.
Food product supplies for central kitchen of large enterprises. It includes food and agro products in packages. At times tenders are also floated inviting bids on supply of cooked food and beverages in times of functions and parties.
Metalworking services and supplies is another important type of objects for which allied products tenders are invited. Since oil, greases, and lubricants are required in huge amount for such metalworking, tenders are the best way of getting them at the lowest prices.
Among special types are the air traffic control equipments and lubricating oil for the engines of automobiles and aircraft. In air traffic control priority is given to safety products and fire fighting equipments as well as traffic control devices. In case of lubricating oil the bids are often invited on specific types of lubricants befitting a particular engine type.
Traditional Procurement Process
Many other such products are procured by government as well as big industrial houses. Nuts and bolts, screws, pins, rivets, glasses, canopies, and such other small accessories those are only complimentary and additive for the main products form part of such tenders.
All said and done, such tenders offer great opportunities for budding entrepreneurs because since the area is different, the competition levels are not as fierce as in main business arenas.
Eric Methner a business graduate from world-famous institute