1. Transparency: GeM ensures transparency in procurement, reducing corruption and promoting fair competition among suppliers. Every transaction is recorded and available for audit.
2. Market Access: Sellers gain access to a vast market of government buyers, increasing business opportunities and potential revenue.
3. Cost Efficiency: By eliminating intermediaries, GeM allows for direct transactions. This reduces procurement costs and ensures competitive pricing for buyers.
4. Streamlined Processes: GeM automates procurement processes like tendering, bidding, and order placement, speeding up transactions and reducing administrative burdens.
5. Quality Assurance: GeM features 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 small and medium enterprises (SMEs).
7. SME Support: GeM promotes SME participation in procurement, providing a level playing field and ensuring a diverse range of products and services.
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.