The eProcurement System is a digital platform which was introduced by the govt tenders of India in April 2017.
The eProcurement System is an online public procurement system of the
government, which was introduced by the Government of India in April 2017. It
is based on the concept of "e-sourcing" where companies are invited
to compete with each other for procuring goods and services from central
government departments. The customer has the option to choose their preferred
vendor based on price, time, quality and delivery terms.
It also makes it easier for businesses to bid for jobs through its online
portal - www.mygovtjobs.in or www.tendersbyorganisation.gov.in
Govt tenders play a key role in
the procurement of goods and services in India. The process of tendering has
been simplified with the use of eProcurement systems.
An eProcurement system is a software-based solution that automates the
procurement process from pre-qualification to execution, including
documentation, pricing and payments. It also includes tools like digital
tracking, fiscal integration, standardization and analytics.
Tenders is the process of inviting and receiving competitive bids for goods
and services from suppliers
The eProcurement system is a new way to offer the Government service of
making tenders open
through a single portal. This system will allow government agencies such as
the Department of Defense, the Department of Energy, or even local universities
to make their tenders available to citizens, businesses, and organizations all
over the world.
This govt tenders eProcurement
system has been implemented in many countries such as Canada and Australia.
With this technology, they will be able to reduce costs and time for
procurement by using a set of pre-determined procedures rather than following
individual processes for each tender.
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