E-Procurement – Challenges and opportunities in India

Management

Electronic Procurement (also known as e-Procurement) is the way of using internet to make easier, faster, and less expensive B2B (business-to-business) purchase and sale of supplies and service over the Internet. Government of India is leveraging Information Technology to attain a position of leadership and excellence in the information age and to transform itself into a knowledge society. The Tender Management System helps buyers and suppliers to reduce the cycle time, unnecessary paper work, waiting in long queues and simultaneously maintain the transparency in the entire process. The author attempts to explain various concepts of e-procurement. The author touched upon the challenges and opportunities in the e-procurement in India. This article aims to inculcate in the readers the understanding of the procurement process, its framework and functionalities.

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