Government eMarketplace completes work for creation of unified procurement system

 Government eMarketplace (GeM) has completed work towards creation of a Unified Procurement System by integrating GeM with the Central Public Procurement Portal (CPPP) and consolidating the entire public buying of goods and services onto a single platform.The 'custom bid' function is also built on the platform, which will allow a buyer to float the bid on GeM, even if the category of product or service that the person is viewing is not available on the GeM portal.

Bullet Points

  •  It has integrated GeM with the CPPP. Integration with Indian Railway Electronic Procurement System and the Defence Public Procurement Portal is underway.
  • This is expected to lead to significant improvements in procurement and sales experience and processes for ministries, departments and other agencies.
  • It will provide a single user experience to buyers and sellers.
  • The system aims to consolidate the scattered vendor bases on publishing portals onto GeM.
  • It would also lead to a better price discovery and dissemination of best practices in government or public procurement.
  • The portal comprises of advanced features including:
  •  Powerful search engine by using Natural Language Processing
  •  Advanced analytics using artificial intelligence that include machine learning
  • Revamped brand and product approval process and
  • Fast creation of categories for goods and services by analysing the tender.

Government eMarketplace 

It is an online platform, by the Ministry of Commerce and Industry, for public procurement in India. The GeM initiative was launched on August 9, 2016. The primary objective of the platform was to create an open and transparent procurement platform for government buyers. It is managed by Special Purpose Vehicle and is 100% Government-owned non-profit company.The portal provides a wide range of products such as office stationery and Automobiles. Theportal lists the services including logistics, transportation, waste management, web casting and analytics. 6,04,468 sellers and service providers are registered with the portal so far.
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