1. Transparency: GeM ensures complete transparency in procurement, reducing corruption and promoting fair competition among suppliers.
2. Market Reach: For sellers, GeM provides access to a vast market of government buyers, boosting business opportunities and potential revenue.
3. Cost Efficiency: GeM eliminates intermediaries, allowing for direct transactions. This reduces procurement costs and ensures better pricing for goods and services.
4. Efficient Processes: The platform automates various procurement processes, such as tendering, bidding, and order placement, speeding up transactions and reducing administrative overhead.
5. Quality Assurance: GeM includes a rating and feedback system for sellers, ensuring high-quality products and services. This helps buyers make informed decisions.
6. Simple Registration: The registration process on GeM is user-friendly and requires minimal documentation, making it accessible to SMEs.
7. SME Support: GeM promotes SME participation, providing a level playing field and ensuring a diverse range of offerings.
8. Real-Time Monitoring: GeM offers real-time tracking of orders and payments, enhancing accountability and ensuring timely delivery.
GeM online registration is a game-changer in public procurement, providing transparency, efficiency, and increased market access for all participants.