E-Procurement Services

About E-Procurement

Under the twin pressure of globalization and liberalization Indian Industry has been on a relentless drive for cost reduction. Supply-Chain Management has been globally recognized as one of the areas, which can contribute effectively to cost reduction. MSTC has been offering E-Marketing services to various PSUs, Govt. Departments and other industries and this has proved to be a success, reaching a sales figure of Rs.2800 Crore in 2005-06, i.e. in about four years time from the date of launching the service. Encouraged by the success of our E-Marketing service, we have now launched our E-Procurement service with state of art infrastructure and systems.

E-procurement applies user friendly e-commerce technology to simplify and streamline the purchase process and to integrate buyer and suppliers business processes. It is an efficient process which eliminates paper work and human intervention and also aims to eliminate any possibility of irregularities. This also enables total transparency in the system.

The direct benefit includes reduction of price of purchase, improved contract compliance, reduced administrative cost, visibility of customer demand, reduction of inventory cost and procurement cycle time. It is needless to mention the intangible benefits viz. analysis of supplier data, performance, market situation and others, besides the intangible but significant benefit by way of increased confidence of the vendors due to the transparency of the operations accrue to the Buyers.

Presently, MSTC is offering 4 models for e-procurement to fulfill the various requirements of different buyers:

  • E-tender: Physical system converted in to electronic tender. Buyers can decide eligibility of vendor. Eligible vendors can quote from any place over internet. Buyer has the option of obtaining Techno Commercial Bid manually or over internet. The price bids will be seen only at the appointed hour.
  • e-tender with multiple bid: Same as above. In addition the vendors may revise their Price Bid any number of time before the closing time of Price Bid.
  • Reverse e-auction with price bid: This is reverse of forward e-auction. Buyers can decide the eligibility criteria of vendors. Techno Commercial Bid can be obtained manually or over internet. Only the vendors fulfilling the Techno commercial criteria can participate in Price Bidding, which is progressively lowered by the bidders.
  • Reverse e-auction with quantity and Price Bidding: Same as above. In addition to price , vendors can bid the quantity they desire to supply.

Some of the unique features of the portal:

  • Registration is free of cost. Purchaser/Suppliers can generate their own ID and password.
  • Help Desk. All the registered suppliers are informed about the programme by auto e-mail.
  • Buyers/Purchasers are to register with the portal.
  • Buyers/Purchasers can select from the above models.
  • Customization, if any, required for any buyer can be done in short time.
  • Buyer/Purchaser has the flexibility to get techno commercial bid online/offline.
  • After the closing of bidding, Buyers can see the comparative statement of Techno Commercial Bid with their ID and password.
  • On approval of Techno Commercial Bid over internet by the buyer comparative statement of price for the approved vendors will be generated automatically.
  • All the pages are password protected to ensure confidentiality.
  • If the buyer so desires the Comparative Statements may be permitted to be viewed by the participating vendors.
  • Digital signature and encryption of data will ensure strict compliance of CVC guidelines.

All the suppliers need to be registered online with the portal. They are also to submit few documents for authentication. Eligible vendors can participate in the programmes online from anywhere. Pre-bid EMD by vendors optional. For details of the registration procedure vendors/buyers may please visit the homepage of our website www.mstcecommerce.com or email to droy@mstcindia.co.in or eprocurement@mstcindia.co.in

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Last updated on: September 19, 2018

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