E- tenders and it's CVC Guidelines in India

All About the Tenders. 

1. Why to create tenders and who floats it?

A buyer which can be either Government or Large Private Company , can float a Tender as and when they need to buy Goods, hire services or construct something. Generally tenders are floated by Government as it is a mandatory requirement for them.

A Seller which can be either Government or Large Private Company , can float a tender for selling used machinery, scrap or surplus products. Generally Government floats sell tenders it is a mandatory requirement for them.
Please visit the https://morth.eproc.in to view thousands of the tenders.

 

Why to creates the tenders?

Tenders are open invitation to buy or sell goods/services/contracts. Those who are interested in supplying what has been advertised, can respond to a Tender & submit their best competitive offer. The best competitive offer (Lowest Bidder or L1)is generally selected & the contract is awarded to L1 Bidder.

 

 

 

 

 

E- Procurement and Need of Tenders

What is E-Procurement?

E-procurement (electronic procurement, sometimes also known as supplier exchange) is the business-to-business or business-to-consumer or business-to-government purchase and sale of supplies, work, and services through the Internet as well as other information and networking systems, such as electronic data interchange and enterprise resource planning.^[1]

The e-procurement value chain consists of indent management, e-Tendering, e-Auctioning, vendor management, catalogue management, Purchase Order Integration, Order Status, Ship Notice, e-invoicing, e-payment, and contract management.^[2] Indent management is the workflow involved in the preparation of tenders. This part of the value chain is optional, with individual procuring departments defining their indenting process. In works procurement, administrative approval and technical sanction are obtained in electronic format. In goods procurement, indent generation activity is done online. The end result of the stage is taken as inputs for issuing the NIT

e-Procurement is constantly evolving – but its foundation of improving customer/supplier relationships and internal business processes remains intact.

Saying we live in an electronic, connected world is an easy way to enter – and potentially win – a contest for crafting the world’s most obvious sentence.

But overdone, commentary aside, the sentiment remains true…and important. Our lives have been altered by technology: how we communicate, both personally and professionally, has been fundamentally changed.

The latter example, professional communication, has impacted the evolution and effects of e-procurement.

Before we delve into the ins and outs of e-procurement, however, I must stress how communication is defined in this specific context. Communication, as it pertains to e-procurement, means the exchange and sharing of data between customer and supplier. Communication, in this realm, isn’t “social” communication per se, as it would be in apps such as WhatsApp or social media platforms such as Twitter.

Challenges of Procurement

1. Related to Supplier

Finding and qualifying suppliers was one of the most frequent responses in this category. Other common themes included difficulty maintaining a stable supply while meeting high quality standards and monitoring supplier performance over time.

While supplier issues are a challenge for professionals in various supply chain positions, they cause buyers the biggest headaches by far with over 40 percent of buyers surveyed citing it as their number one challenge. This makes sense as buyers are often on the front line, whether it’s finding the right suppliers to buy from or getting them to perform as expected.