AIM

Attempt to change how the Central Government's highest autonomous organizations, public sector enterprises, and government ministries and departments go about procuring products and services.

GeM FACILITIES –

• Return policy

• Transparency and ease of buying

• Continuous vendor rating system.

• Marketplace buying of the majority of common User Items.

• Buying Goods and Services online, as and when required.

• Single window system for aggregating demands and ordering

• Look, estimate, compare, and buy facilities on dynamic pricing basis.

• User-friendly dashboard for buying and monitoring supplies and payments

• Listing of products for individual, prescribed categories of Goods/ Services of common use

• Useful for low-value buying and also for bulk buying at a competitive prices using Reverse Auction/ e-bidding

GeM FEATURES –

1. Transparency-

• Online, cashless, and time-bound payment on GeM facilitated through integration with PFMS and State Bank Multi Option System (SBMOPS); extended to payment systems of Railways, Defence, major PSUs, and State Governments

• Minimum human interface in vendor registration, order placement, and payment processing, to a great extent.

• No entry barriers to bonafide suppliers who wish to do business with the Government.

• SMS and e-Mail notifications are sent to both buyers, their head of the organization, paying authorities and sellers.

2. Efficiency-

• Online, end-to-end integrated, and with online tools for assessing price reasonability.

• For higher value procurements, the bidding/Reverse Auction (RA) is an e-procurement facility.

• For creating a bid/RA, standardized technical specifications for ease of buyer.

• The bid/RA can be created in a matter of minutes and finalized within a minimum of 7 days.

• The bid/RA is notified via e-mail and SMS to all the eligible suppliers.

3. Secure & safe-

• GeM is a completely secure platform, and all the documents on GeM are e-Signed at various stages by the buyers and sellers.

• The antecedents of the suppliers are verified online and automatically through MCA21, Aadhar and PAN databases.

• In addition, SEBI-empaneled credit rating agencies are also being used for conducting a third-party assessment of suppliers

• For high-value bids/RA on GeM, an e-Bank Guarantee is also being introduced.

4. Potential-

• On GeM, the filters for selecting goods that are Preferential Market Access (PMA) compliant and those manufactured by Small Scale Industries (SSI) enable the Government buyers to procure Make in India and SSI goods very easily.

5. Savings-

• Substantial reduction in prices on GeM in comparison to the tender, Rate Contract, and direct purchase rates. The average prices on GeM are lower by at least 15-20%, and in some cases, even up to 56%.

• GeM is also doing Demand Aggregation for items that are to be procured by various Central/State Government Departments.

GeM ADVANTAGES –

For Buyers

• Rich listing of products for individual categories of Goods/Services

• Search, Compare, Select and Buy facility

• Buying Goods and Services online, as and when required.

• Transparency and ease-of-buying

• Continuous vendor rating system

• User-friendly dashboard for Buying and monitoring supplies and payments

• Easy Return policy

For Sellers

• Direct access to all Government departments.

• One-stop shop for marketing with minimal effort.

• One-stop shop for bids / reverse auctions on products/services

• New Product Suggestion facility available to Sellers

• Dynamic pricing: Price can be changed based on market conditions

• Seller-friendly dashboard for selling and monitoring supplies and payments

• Consistent and uniform purchase procedures