1. Increased Transparency: GeM ensures transparency by providing a clear and open platform for all transactions. This reduces corruption and ensures that procurement is done fairly and competitively.
2. Expanded Market Access: For sellers, GeM provides access to a large market of government buyers. This can significantly boost business opportunities and sales.
3. Cost Reduction: GeM eliminates intermediaries, allowing for direct transactions between buyers and sellers. This reduces procurement costs and ensures that buyers receive the best possible prices.
4. Efficient Processes: The platform automates key procurement processes such as tendering, bidding, and order placement. This leads to faster transactions and reduces the administrative burden on both buyers and sellers.
5. Quality Assurance: GeM has a robust rating and feedback system that helps ensure high-quality products and services. Buyers can make informed decisions based on the experiences of other users.
6. Easy Registration: The registration process on GeM is straightforward and requires minimal documentation. This makes it accessible to a wide range of sellers, including small and medium enterprises (SMEs).
7. Support for SMEs: GeM actively promotes the participation of SMEs in the procurement process. This provides a level playing field for smaller companies and ensures a diverse range of offerings on the platform.
8. Real-Time Tracking: GeM offers real-time tracking of orders and payments, enhancing accountability and ensuring timely delivery. Both buyers and sellers can monitor the status of their transactions.
GeM online registration is a game-changer in public procurement, providing transparency, efficiency, and opportunities for all stakeholders involved.