GeM stands for Government e-Marketplace it is the National Public Procurement Portal, which is hosted by the Directorate General of Supplies and Products (DGS&D) and serves as a one-stop-shop for common-use products and services. The Government e-Marketplace (GeM) platform was launched on August 9, 2016,as an online, end-to-end solution for all Central Government and State Government Ministries, Departments, Public Sector Units (PSUs), and associated entities to buy commonly used goods and services.
The GeM was created with the goal of improving the country's public procurement system. It aspires to recreate the offline market on its online platform in order to create an open market that brings together a diverse range of vendors, including established brands, MSEs, individual suppliers, innovators, and craftsmen. Any seller who is registered in India in compliance with applicable rules and regulations and who manufactures, or markets real goods/services will be able to sell on GeM.
How GEM Portal works?
Itis an e-marketplace where buyers and sellers may list their items for direct purchase or auction.The buyer may use this site to search, compare, and choose the best option. He can utilise filters by entering the product's specs, quantities, and other data. The vendors can list their items according to the government's requirements. Prices can be adjusted in response to changing market demands and conditions. The seller may maintain track of the supplies, payments, and product availability. The department contacts the registered person and delivers the bulk order to them.
Benefits of GEM-
Through this procedure, the government has extended its hand to sellers who wish to do business with them in order to satisfy the government's many demands at the lowest possible cost. The range of products and services purchased by the government is extensive and the government's purchases span from relatively standardized items such as A4 printing paper, printing cartridges, and electronic items like printers and laptops to highly specialized items such as drilling equipment and medical equipment. Similarly, when it comes to services, the range includes anything from conventional services like security, chauffeuring, and gardening to a more sophisticated set of specialist services like consulting and engineering. The GeM platform is dedicated only to connecting Government customers with sellers and doing commerce in which the buyer is responsible for ensuring value for money and timely payment in any purchase, and the seller is responsible for ensuring the accuracy and integrity of all information shared the quality of products and services sold, and the timeliness of delivery. The platform will not be the owner of the products and services sold through the platform, nor will it be the owner of the supply and logistics of goods and services transacted through it.
To utilise any of the GeM's services or benefits, you must first register on the GeM's website as a buyer or seller. The GeM platform is a trust-based platform whereall the documents 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.GeM eliminates human intervention in the vendor registration, payment, and order posting processes. As it is an open platform, there are no hurdles to entry for legitimate providers that want to work with them. At each stage, purchasers, his association's leader, payment authorities, and sellers get sms and e-mail alerts.
Procedure for GEM Registration-
To become a seller, you must go through the GeM registration procedure, which includes ID creation, profile completion, Caution Money payment, OEM Panel Application/Vendor Assessment, Brand Listing, Product Listing, and Bid participation. PAN No., UdyogAdhaar or Company Registration or LLP Registration, VAT/TIN Number, Bank Account & accompanying KYC papers, Identity proof, Address proof, and cancelled check copy are among the documents necessary for GeM registration as a seller.
The registration process is straightforward, and once completed, a GeM user id and password are issued for accessing the seller account. The seller or service provider can post their items or services, as well as their prices, on their seller account. The seller is allowed to establish the product's price based on his or her costs. However, it is critical to include the cost of logistics, packing, taxes, duties, and other fees in the final price, as well as a suitable margin, to arrive at the Selling Price on an all-inclusive basis, indicating the percentage of Excise Duty, Service Tax and CST/VAT as applicable, with delivery on-site.
After registering as a seller, they will be able to take advantage of perks like as first and foremost, all government entities, including the Central Government, State Governments, and Public Sector Undertakings, must fulfil their purchase criteria exclusively through sellers listed on the GeM site. GeM listing is a fantastic way for individual companies to expand their company. Secondly, dealers can offer their items worth up to Rs. 50,000/- directly to government purchasers at competitive costs. Thirdly, there is an option to register as a GeMstartup on the GeM site, with a variety of unique and original results. The government has established informal guidelines for procuring commodities from new Startup players. Fourthly, obtaining GeM registration requires the least amount of documentation. Furthermore, the GeM site provides an easily accessible, simple, and transparent method for tender allotting. Finally, the online GeM portal has improved transparency, effectiveness, and speed in the purchase of necessary products and services.
To become a buyer, you must register as a certified buyer on the GeM portal, just like a seller, you must first meet the eligibility conditions for the GeM buyer registration procedure. If you believe you are eligible, simply register on the portal to create your own buyer's account. Verification of Aadhar, registration certificate of organizations, and other specific qualifying criteria apply to GeM buyer registration. A new set of identification and address verification is required. A functional cell phone number and a government-issued email address. After you've finished the registration process, you'll be given a user id and password to access your account as a buyer. Buyers can quickly find and select the product they want to purchase from the portal.
The following are some of the advantages that purchasers may receive after registering as a buyer. To begin with, government employees may use the GeM site to look for and purchase nearly all goods and services, much like they can on Flipkart and Amazon. Second, there is a great deal of clarity, effectiveness, and activity in the acquisition of stocks on the GeM site, indicating that fair trading is taking place. Thirdly, the demand aggregation function enables government agencies to research and compare many buyers in order to procure the necessary items at the best price and with the best product specifications. Finally, because the buyer GeM enrollment feature allows for initial and subsequent users, government authorities do not require clearance every time they place an order through the GeM portal.
Author:
Leave a Comment
Previous Comments