1. Transparency: GeM ensures transparency in procurement by providing a clear and open platform for transactions, reducing corruption and promoting fair competition.
2. Market Reach: For sellers, GeM provides access to a large market of government buyers, boosting business opportunities and potential revenue.
3. Cost Savings: GeM eliminates intermediaries, allowing for direct transactions. This reduces procurement costs and ensures competitive pricing for buyers.
4. Efficient Processes: The platform automates key procurement processes such as tendering, bidding, and order placement, speeding up transactions and reducing administrative burdens.
5. Quality Control: GeM includes a rating and feedback system for sellers, ensuring that only high-quality products and services are available. 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, 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 significant advancement in public procurement, providing transparency, efficiency, and increased market access for all participants.