Welcome
to Buyer Place! Here you will discover how eProcurement, can
help you drastically improve your organization's purchasing
operations, eliminate administrative work so that you can
focus on building strategic relationships with your suppliers
and most importantly, save your company money!
As
the only open, Internet-based business-to-business trading
platform for the procurement of goods and services in India,
eprocurement.gov.in lowers costs and reduces cycle times for
all trading partners. Offering the largest and most comprehensive
online assembly of buyers and suppliers, eprocurement.gov.in
provides unmatched business benefits for all members of the
trading community.
eProcurement
is built on the Commerce One MarketSite 3.2 Open Marketplace
Platform. MarketSite, comprised of leading software and commerce
services, enable trading partners to seamlessly exchange business
information - and it also provides access to the value-added
services that are key to effectively conducting commerce.
(more)
The
eProcurement Solutions automates the complete goods and services
supply chain from requisition to payment. Buyers and suppliers
of business products and services are connected by enabling
open interoperable marketplaces. (more)
The
E-Procurement solution is expected to result in the following
benefits:
- Projects
the image of IT friendly and innovative ministry
- The
complete procurement transaction through the E-Procurement
system happens in a transparent manner. The system captures
the justification and comments of approvers at every stage
and thereby enables users and approvers associated with
a transaction to justify their decision
- The
bids submitted by suppliers are encrypted thereby providing
them the comfort that their bids cannot be tampered with
- Immediate
gains can be made by saving on the cost of publishing the
NIT in the newspapers, as all the tenders shall now be published
on E-Procurement exchange
-
Reverse auctions will enable the departments to negotiate
better rates from its suppliers and reduce the cost of auction
amenable items between 5% - 10%
- E-Procurement
brings down the cost of doing business for the suppliers.
It has been observed that the suppliers are more than willing
to share the savings with the buyers thereby translating
into a reduction in prices by suppliers
- E-Procurement
facilitates real time tracking of purchase order/delivery
schedule status thereby enabling better planning of inventory.
It drives process efficiencies and results in reduction
in the turnaround time for a tender and/or a purchase order,
again resulting in reduction in the inventory required to
be maintained at the users end. Reduction in inventory unlocks
the working capital invested in inventory and thereby results
in reduction in cost
- E-Procurement
will enable a centralised database of procurement at all
the project sites, thereby enabling it to aggregate the
requirement of similar items across locations and use this
increased purchasing power to negotiate better prices from
suppliers
- E-Procurement
by making the procurement process paperless will help in
reducing stationery cost significantly. Further, it facilitates
online tracking of order status and communication between
the buyer and the supplier, resulting in reduction in communication
cost
- The
system inspires confidence among suppliers as being fair
and transparent thereby resulting in better competition
among and participation by suppliers, which helps in reducing
prices
The
E-Procurement system captures the procurement information
at source and makes it available centrally in a real time
manner. This ensures the integrity and timely availability
of data for MIS and better decision making
- The
end-to-end E-Procurement solution ensures that the complete
procurement happens online and in a paperless manner. This
immediately eliminates a lot of non-value adding activities
like manual sale of tender documents, manual opening & reading
of bids, preparation of comparative statements (as they
are automatically available), audit/cross check of comparative
statements, time spend in movement of files from one person
to another, manual creation of purchase order & delivery
schedule etc.
- Automated
workflows introduce accountability in the system. The workflows
can be so configured that if an order is not approved within
a specified time frame then the order gets escalated to
the next approval level
- At
any time in the procurement cycle, any person associated
with the transaction can check and know the status of the
transaction. This saves time and effort involved in finding
out the status of a purchase order besides enabling better
planning of inventory
- Automation
of the transaction reduces human error and enhances the
integrity of the data
- Electronic
ordering, invoicing and payment ensures that the supplier
accounts are always tallied, thereby
E-Procurement
system provides the buyer with the flexibility to benefit
from a system of centralised tendering / rate contract and
de-centralised placement of order or delivery schedule and
receipt of goods
E-Procurement
system is so architected that it leaves behind a robust audit
trail of all activities and transaction carried out thereby
making it easier for the auditors to verify the transactions
- It's
a real time procurement system that is available online
24*7 and can be accessed by anyone (buyer or supplier) from
anywhere. It allows the buyer to browse through the electronic
product catalogs of suppliers and place order on a supplier
at anytime irrespective of whether the supplier is working
or not
- It
also enables approvers who are travelling/not available
in office to log into the system from anywhere and clear
the documents awaiting their approval. This eliminates in-ordinate
delays in the procurement process due to physical non-availability
of an approver in the office
TMS
captures the bids of suppliers in a structured format. This
enables data mining of the bid history of suppliers thereby
enabling users to predict the price / supplier behaviour in
future tenders
As
transactions happen on the system, it captures valuable information
on supplier performance w.r.t to timely delivery of goods,
rate of rejection etc. This real time information on supplier
performance will enable rating of the suppliers and monitoring
their performance closely
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Join
eProcurement MarketSite!
Become a member of the largest business to business electronic
marketplace today.
Buyer
Value Proposition
eProcurement provides buyers with an easy, cost-effective
way to participate in electronic commerce: eprocurement.gov.in,
the premiere business-to-business trading platform for all
goods and services. eprocurement.gov.in enable trading partners
to seamlessly exchange business information and provide access
to value-added services that are key to efficiently conducting
commerce.
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