1. Transparency: GeM ensures transparency in procurement by providing a clear and open platform for transactions, reducing corruption and promoting fair competition.
2. Market Access: For sellers, GeM offers access to a large market of government buyers, increasing 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. Streamlined Processes: The platform automates key procurement processes such as tendering, bidding, and order placement, speeding up transactions and reducing administrative workload.
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. Easy Registration: The registration process on GeM is straightforward and requires minimal documentation, making it accessible to SMEs.
7. Support for SMEs: GeM promotes SME participation, providing a level playing field and ensuring a diverse range of offerings.
8. Real-Time Tracking: 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 opportunities for all stakeholders involved.