- What is GEM Portal ?
The Government e-Marketplace (GeM) is a government e-commerce portal. It acts as a one stop shop to facilitate and enable easy online procurement of the consumer goods & services that are needed by various government sectors. The main objective of the GeM is to ensure transparency, effectiveness and promptness in the procurement of supplies.
GeM is a portal where the buyers and sellers can register their products either through direct purchase or auction. The department contacts the registered person and gives them the bulk order. Through this process the government has extended their hand towards the vendors who want to do business with the government to meet up the different needs of the government at the lowest price.
Through this portal the buyer can search, compare and then select the one. He can use filters by adding the specifications, quantities and other details of the required product. The sellers can list their products according to the requirements of the government. The prices can be changed according to the changing needs and conditions of the market. Sellers can keep a check on the supplies, payments as well as availability of the products. The sellers can also do bidding regarding the products through this portal.
GeM removes human interference in seller registration process, payment process and posting of order. Being an open platform, GeM offers no entry barriers to bonafide suppliers who wish to do business with them. At each phase, sms and e-mail notifications are directed to both buyers, his association’s head, paying authorities along with sellers.
GeM is a completely secure platform and all the documents on GeM are e-signed at various stages by the buyers and sellers. The details of the suppliers are verified online that helps to strengthen due diligence about the reliability of suppliers who want to do business on GeM.
- Benefits of GEM Registration
The benefits of obtaining Registration at the GEM Portal are as follows:
- Benefits For Buyers
List of products for individual categories of goods or services with offers.
- Availability of various facilities, such as search, compare, select and buy.
- Enables buying online as per one’s own requirement, i.e., as and when required.
- Transparency and ease in buying
- It ensures a continuous vendor rating system
- Up-to-date, user-friendly dashboard for monitoring supplies, buying and making payments.
- Provisions of an easy return policy.
- Benefits For Sellers
- Direct access to all departments of Government.
- One-stop-shop for marketing with minimal efforts.
- One-stop-shop for bids or a reverse auction on products or services
- New product suggestions facility available for sellers
- Dynamic pricing, i.e., price changes based on market conditions
- Seller-friendly dashboard for monitoring supplies, selling and payments.
- Uniform and consistent purchase procedures.