Know All About E-Tendering in India

The E-Tender or Electronic-Tenders is the process of tendering in which the all the activities like advertising of the tender, placing the order and awarding of the tender are done online. It is the totally online process and no paperwork is carried out during this process that means the related documents also submitted online during E-Tender process.

E-Tendering System is hugely adopted by the many Indian public sector companies’ as well private companies. E-Tendering process has many advantages over the traditional tender system. It is regarded more transparent, efficient, fast and easy process than the traditional tendering system.

Why E-Tendering system?

The traditional manual tender process is sometimes can be very long. The procedure sometimes takes two to three month to complete which can affect the costing and excessive burden to both the buyer and company, also it doesn’t have any ease of access to tendering process like the E-Tender process have. The e-tendering process reflects the modern digitalization word thus it is more accurate, transparent. There can be many features in E-Tendering process depend on the E-Tender service provider.

What is E-Procurement:-

In the short words, an E-procurement solution is purchasing the goods and service through online process. E-Procurement process covers processes like auction, reverse auction, catalogs, invoices and all other E-tendering process.

What are the Benefits of E-tender:-

Now as we all know the Electronic tender has many benefits to both suppliers and buyers, some of them are below.

• Reduce the overall time of tendering process
• Easy to manage for suppliers like the rejection of the bid, modifying the bid.
• Quick access to all questions regarding the bid and can answer them instantly.
• Improved quality of specification of tenders.
• It is cost effective by reducing the paper process and other expenses.
• Suppliers can receive the notification of online tenders
• Suppliers can track their bid online

E- Tendering in India –

E-tendering is now very frequent in India. Many government bodies, as well as private bodies, are now fascinated towards E-tender. Many government bodies use their own E- procurement system but there are some organizations like “Lotus Procure” that make E-Tender process flawless and very easy to operate.

The Lotus Procure is an online platform which makes all the E-Tendering process very accurately like creating the tender, placing the bid and awarding the tender. There are also other benefits using Lotus Procure which you can know to go to their website http://lotusprocure.in .

 

Advantage of E-tendering

Electronic tendering, in its least difficult frame, is portrayed as the electronic distributing, imparting, getting to, accepting and submitting of each of the tender  related data and documentation by means of the web, along these lines supplanting the customary paper-based tender  procedures, and accomplishing a more proficient and powerful business prepare for all partners included.

An Electronic tendering system is a gathering of clients, electronic media, computerized information and activities that can be performed, empowering those clients to associate. Activities change the e-tendering framework state. Dangers and conceivable security infringement characterize the subset of activities that change the Electronic tendering framework from secure to shaky states. The productivity of an e-Tender process appears to be all around bolstered globally. Many reviews checks the yearly expenses to customers, producing, duplicate and appropriate tender archives the way our forefathers would have done it (that is, on paper), can be cut by as much as 90% utilizing an e-Tender process.

Public sector associations utilize e-procurement, Electronic tendering for contracts to accomplish advantages, for example, expanded productivity and cost reserve funds (quicker and less expensive) in government acquirement, e-tendering and enhanced straightforwardness (to lessen debasement) in e-offering, acquisition services. E-procurement, e-Tendering in general society segment has seen fast development as of late.

Characteristic feature of Open-Source Software

Open source software which is developed and maintained according to principles of far-reaching user rights, which include the right to alter, copy and distribute the software. This software policy is of interest today, because development of IT over the last ten years has been dominated by the Internet, and the Internet is fundamentally made up of open-source technologies.

The expansion of the Internet has made this network the hub for the information exchange of both enterprises and authorities and increasingly also in important work processes.

Open source today comprises more products than those linked closely to the Internet. There are open-source software, operating systems, cooperation systems and special systems.

At the same time, many of these systems benefit from the Internet, which makes possible digital cooperation between geographically separated units. The characteristic feature of open-source software is that it uses open standards.

The expression open standards means that the principle for the development o f software is established in public forums, in contrast to proprietary (industry) standards, which are kept secret. It also means that it is often possible, through a more or less democratic mechanism, to influence the standard. With e-government, it is necessary to able to read and exchange data without encountering problems. It is therefore appropriate to focus on how public data is exchanged and stored.

We launched an open source project called “LotusProcure”

The time has come to change how governments actualize their obtainment processes and what data they release. They need to the most suitable strategy to address the issues of both the provider and the public. Especially, when special software can so easily promote accountability and transparency.

OSMO IT Solution Pvt. Ltd. is designed to help public administrations in India avoid being locked-in to rigid, closed, and costly Procurement systems.
Lotus Procure is a product of OSMO IT Solution Pvt. Ltd; Lotus Procure is designed to be automated and scalable. Accessibility, transparency of tendering process, electronic documents, detailed reporting – these are benefits of using this e-Procurement. Lotus Procure is flexible enough to handle all government and private sector procurements. Lotus Procure is a great web application, and under this application; government agency can do easily their e-Tenders, e-Auction, RFX Management,)
Lotus Procure is an open source e-procurement, lists public agencies and their respective procurement thresholds. Lotus Procure identifies the amount under which a government agency can purchase a product or a service without having to solicit competitive bids. Lotus Procure implementing a change to procurement system for all government and private sector in the country to first consider use as free of cost on government department end.

 

 

Why Choose Electronic Tendering System

An e-Tendering System (or Electronic Tendering System) facilitates the complete tendering process from the advertising of the requirement through to the placing of the contract. This incorporates the trading of every single significant report in electronic configuration.

Electronic tendering system, in its least difficult structure, is depicted as the electronic distributed, conveying, getting to, accepting and submitting of every one of the tender related data and documentation by means of the web, accordingly supplanting the customary paper-based tender procedures, and accomplishing a more proficient and powerful business process for all partners included.

 

 

 

Why Electronic tendering system

Generally the tender procedure was a paper based framework. Nonetheless, a few variables have lead to the expanding utilization of electronic offering, including:

(1) Expanding utilization of innovation crosswise over ventures.

(2) The truth that the extensive trade of data between different gatherings amid offering process implies an electronic framework is more proficient and minimizes paper and waste.

(3) Expanding cases and additionally quantum of defilement crosswise over range.

Electronic tendering system benefits:

• Reduced tender process duration .
• Fast and exact pre-capability and assessment, which empowers the dismissal of suppliers that neglect to meet the tender determination .
• Faster reaction to inquiries and purposes of illumination amid the tender period .
• Reduction in the work concentrated assignments of receipt, recording and appropriation of tender entries .
• Reduction of the paper trail on offering works out, diminishing expenses to both gatherings and suppliers .
• Improved review trail expanding respectability and straightforwardness of the offering procedure .
• Improved nature of tender determination and supplier reaction .
• Provision of value administration data.

Benefits of Indent Management System

Indent Management System (IMS) is a complete arrangement in e-procurement process. It takes into account totally following and administration of goods, administrations, resources ordered, acquired, in stock and out of stock things.

The e-procurement value chain comprises of Indent Management System, e-Informing, e-Tendering, e-Auctioning, seller administration, index administration, Purchase Order Integration, Order Status, Ship Notice, e-invoicing, e-installment, and contract administration. Indent administration is the work process required in the arrangement of tenders.

Benefits provided by the System

• Improved proficiency through decreased process duration for preparing tenders
• Saving in expenses and time, as there is no compelling reason to distribute delicate notification in daily papers.
• Since bidders take part with namelessness, there is no degree for cartel development.
• Those who need to delicate can take part openly and valiantly in a reasonable situation.
• Transparency during the time spent offering.
• Improvement in work society in all the taking an interest divisions.
• Build-up of important database on products, administrations, works and temporary workers.
• Economies of scale because of conglomeration of necessities.
• Improved access to acquirement data and diagnostic reports

The e-procurement model goes beyond the existing e-tendering process. It includes:

• Centralized registration of suppliers / contractors
• Indent management
• Electronic Tendering System
• e-Auction
• e-Tendering Contract Management
• Catalogue management
• e-Payments
• Accounting
• Management Information System

Know more about e-procurement open source system

e-Procurement is the utilization of Internet-based data/correspondence/organizing frameworks to complete one, a few or all phases of the procurement procedure. In a perfect world, it ought to be a conclusion to-end arrangement that coordinates and covers all procurement stages, however such frameworks may give separate arrangements, for example, e-Tendering, e-Marketplace, e-Auction/Reverse Auction, and e-Catalog/Purchasing.

Lotus procure Express is the head business open source eprocurement. Intended for divisions or a whole organization, Lotus procure Express is a basic, speedy, and free arrangement that computerizes the demand, endorsement, buy request, and receipt administration process. The most up to date discharge offers extra elements to streamline the e-procurement process, in addition to its presently much less demanding to utilize, speedier to send, and more adaptable.

 

e procurement open source will probably give the devices to outline and manufacture a procurement procedure that is straightforward and competitive. The e-Procurement  assembles available procedures that influence sales to drive investment funds and are supported by solid information gathering and reporting. It is designed to be robotized and versatile. Availability, straightforwardness of offering procedure, electronic records, point by point reporting – these are just a couple advantages of utilizing this e-Procurement software.

E-procurement and e-payment system can give you online presence

Nowadays e-Commerce is becoming significantly productive in revolutionize the fields of performance & client relations in a business. It furnishes applications such as e-commerce, e-sales, e-selling, E-procurement and e-payment system, which are supportive in B2B and B2C dealings. Separately from purchasing and marketing of goods at some point of time, e-business helps effective supervision of info, it is charges and time efficient and most prominently very suitable to use.

E-Procurement devices can be used by organization of any size, and can considerably develop income, also as being used to elaborate the base of procedures.

Although E-procurement and e-payment system permit businesses to send out and get orders far more immediate and more proficiently than when not applying electronic means. Since the orders are received earlier, the merchandise could be dispersed before, which must eventually guide to a faster payment. Electronic invoicing could as well keep payment checks. Payments are merely probable to come through a day or two faster utilizing these sorts of methods, which might not appear as much, simply when there are thousands of payments annually, this would lead to a vast development in income for the business.

Besides as the raise in income, via e-Procurement function can appreciably increase the quantity of trade for the company. Through E-procurement and e-payment system a company merely being noticeable on-line could pull far more business, & extends their client base from those who encounter to walking past a structure, to anybody with an Internet association.

A lot of small businesses still prefer to procedure payments through cheque, which could as well reason delays with income. Electronic payments are far more immediate, and accepting payment via credit card could be priceless to small business. Though one concealed advantage of utilizing E-procurement and E-payment system systems is that before unreachable markets can unexpectedly turn accessible, and resources can frequently be sourced at a much low price than by existing supplier.

Therefore, the market is frequently altering, and business should adjust so as to survive. An on-line presence is necessary, and using E-procurement and e-payment system technique can endow with a vast improve for small companies. Without utilizing these techniques, company could be left behind their challengers, and could frequently fight back to continue floating throughout what is an enormously tough time monetarily for small business. Even having a very essential web presence could unlock a company up to a huge growth in business.

Know all about E-Tendering

The E-Tender or Electronic-Tenders is the process of tendering in which the all the activities like advertising of the tender, placing the order and awarding of the tender are done online. It is totally online process and no paper work is carried out during this process that means the related documents also submitted online during E-Tender process.

E-Tendering System is hugely adopted by the many Indian public sector companies’ as well private companies. E-Tendering process has many advantages over traditional tender system. It is regarded more transparent, efficient, fast and easy process than the traditional tendering system.

Why E-Tendering system?

The traditional manual tender process is some time can be very long. The procedure sometime takes two to three month to complete which can affect the costing and excessive burden to both the buyer and company, also it doesn’t have any ease of access to tendering process like the E-Tender process have. E-Tendering process reflects the modern digitalization word thus it is more accurate, transparent. There can be many features in E-Tendering process depend on the E-Tender service provider.

What is E-Procurement:-

In the short words an E-procurement solution is purchasing the goods and service through online process. E-Procurement process covers processes like   auction, reverse auction, catalogs, invoices and all other E-tendering process.

What are the Benefits of E-tender:-Now as we all know the Electronic tender has many benefits to both suppliers and buyers, some of them are below.

•  Reduce the overall time of tendering process
• Easy to manage for suppliers like rejection of the bid, modifying the bid.
• Quick access to all questions regarding the bid and can answer them instantly.
• Improved quality of specification of tenders.
• It is cost effective by reducing the paper process and other expenses.
• Suppliers can receive the notification of online tenders
• Suppliers can track their bid online

E- Tendering in India –

E-tendering is now very frequent in India. Many government bodies as well as private bodies are now fascinated towards E-tender. Many government bodies use their own E- procurement system but there are some organizations like “Lotus Procure” that make E-Tender process flawless and very easy to operate.

The Lotus Procure is an online platform which makes all the E-Tendering process very accurately like creating the tender, placing the bid and awarding the tender. There are also other benefits using Lotus Procure which you can know to go to their website http://lotusprocure.in .

 

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