1. Transparency: GeM ensures transparency in procurement by providing a clear and open platform for all transactions. This reduces corruption and promotes fair competition among sellers.
2. Broader Market Reach: For sellers, GeM provides access to a vast market of government buyers. This can significantly boost business opportunities and sales.
3. Cost Efficiency: GeM eliminates intermediaries, allowing for direct transactions between buyers and sellers. This reduces procurement costs and ensures that buyers get the best prices for goods and services.
4. Streamlined Processes: The platform automates key procurement processes such as tendering, bidding, and order placement. This speeds up transactions and reduces the administrative burden on both buyers and sellers.
5. Quality Control: GeM includes a rating and feedback system for sellers, ensuring that only high-quality products and services are offered. This helps buyers make informed decisions based on previous users' experiences.
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 significant advancement in public procurement, providing benefits such as transparency, efficiency, and increased market access for all participants.