Transparency: GeM to a great extent reduces the human involvement in procurement process which includes vendor/buyer registration, order placement & payment process. It performs as an open platform to all kind of vendors for doing business with government without any kind of restricting barriers.
Efficiency: Direct purchase on GeM can be done in a matter of minutes and the entire process in online, end to end integrated and with online tools for assessing price reasonability. For procurements of higher value, the bidding/RA facility on GeM is among the most transparent and efficient. GeM bidding/RA ensures competition, fair play, speed & efficiency and leads to proper price discovery. The reasonableness of the rates can also be confirmed through online comparison with market price on leading e-Commerce portals.
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. To further strengthen due diligence about the veracity of suppliers credit ratings have been introduced which are widely based at past performance analytics & financial liquidity of the suppliers.
Make in India Support: On GeM, the filters for selecting goods which are Preferential Market Access (PMA) compliant and those manufactured by Small Scale Industries(SSI), enables the Government buyers to procure Make in India and SSI goods very easily.
Cost Efficiency To The Government: The transparency, efficiency and ease of use of the GeM portal has resulted in a substantial reduction in prices on GeM, in comparison to the tender, Rate Contract and direct purchase rates.
These features serve as great drivers to facilitate procurements on GeM(Government e-Market) than through other traditional platforms.