GeM stands for
Government E Market place. It is a online e-commerce website that is maintained
and run by the government of India. It is a one stop solution for all
government organizations and PSUs to purchase various consumer goods and
services. It is hosted by DGS4D.
Background
The GEM came into
existence on 9th August 2016, after the two groups of secretaries made
recommendation to the prime minister Mr. Narendra Modi. Later the finance
minister in his budget speech announced for setting up of a technology-based e
commerce platform that will facilitate the purchasing various kinds of goods
and services by different ministers and agencies. As of today, about 7400
different kinds of product listed under 150 different categories are sold on
this portal. And as per government information about 140 crores of business
have already been done through GEM Registration.
It is completely
technology driven with minimum human interface, thus making it safe during this
pandemic situation.
#Advantages of GEM Registration
The registration on
GEM has various advantages for both the seller as well as the buyers. Some of
them are listed below: -
For Buyers
A large
variety of different products is listed which is available for the buyer under
different category One can
easily search the product he/she is looking for. Not only this you can also
compare the too different product and select the best of them.
- One can
buy the product any time when he/she like. Thus, enhancing user experience of
buying
- The whole
process is paperless and also involves fewer human interference, thus making
it more transparent.
- There is a
process of continuous vendor rating, which enables a user to select the best
vendor.
- The layout
of the website is very easy and user-friendly. It can be used by anyone.
- This also
facilitate the return of goods in case you do not like its quality on does not
fits as per your needs.
For Sellers
- By
registering on GEM, you get access to all government departments requirement at
a single place.
- This
portal helps a seller to market his product with minimum efforts.
- A seller
can also shop for bids and revenue auction on products and services
- This
portal not only allow a seller to sell his products. But also provide them with
new products suggestions.
- The portal
is based on dynamic pricing mechanism that is the price of any product is determined
by the condition of the market.
- Just like
for a buyer the seller dashboard is also very easy to use and has all the
related information like payment and supplies etc. at one place. Thus making it
easy for the seller to monitor.
#Features of GEM Registration
Transparency: The best part of the GEM is that it is
paperless, cashless, and technology driven e commerce web portal. Due to less
human invert tension. The web portal offers a large transparency in its
operations.
Efficiency: As the whole process of buying and selling is
made online. Hence the time involved in the process of process raising and
finalizing the purchase request and purchase order has been reduced. If a
seller wants to bid on any product then he/ she does not have to create any
technical specifications as the whole process has been standardized. The bid/RA
can now be created with in few minutes and the finalization process can be
completed as minimum as of 7 days. Thus, the overall efficiency of the process
has been increased.
Safe and secure: This is one of the most secure platforms as
the documents of both the buyer as well as seller are e- signed at various
stages. The antecedents of all the suppliers are also verified online and
through automatic process by MCA21.
#Registration on GEM
Some mandatory
process/steps for the registration on GEM are
- The user
must have a valid Aadhar card.
- The user
must have the mobile number that is limited with Aadhar card.
- The user
must NIC registered email ID.
Conclusion
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