1. Transparency: GeM provides a transparent platform for all procurement activities, reducing the chances of corruption and ensuring fair competition. All transactions are recorded and can be audited.
2. Market Reach: Sellers gain access to a vast market of government buyers, enhancing their business opportunities and potential revenue.
3. Cost Efficiency: By eliminating intermediaries, GeM allows direct transactions between buyers and sellers. This reduces procurement costs and ensures competitive pricing.
4. Efficient Processes: GeM automates procurement processes like tendering, bidding, and order placement, streamlining operations and reducing administrative burdens.
5. Quality Assurance: GeM features 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 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.
Overall, GeM online registration is a significant advancement in public procurement, offering transparency, efficiency, and opportunities for all stakeholders involved.