In view of the rapid expansion of dynamic electronic procurement, it is appropriate to define an e-tendering bidder system. This e-Tendering Contract electronic model of Lotusprocure.in relies on platforms or shared resources online and has proven to be effective both for the private sector and for the public sector because it enables:
Quick! That’s how everything happens these days. Time is the most important resource in this Globalized world. With the internet it has become a mantra for all the organizations to get things done faster than before.
Tendering is a complex process and used to take up days along with tons and tons of paperwork. Small mistakes in filing would amount to huge losses on high-profit bids. But with automated E-tendering the process is faster, more efficient with an adaptable user interface. Profiling helps organizations find the perfect matches online among the pool of thousand of tenders. The entire process has become more transparent and less bias. It’s easier to connect not just locally but globally, hitches and queries solved with modern customer services by various online tender services. Safer portals and gateways for immediate payments and viola the process ends smoothly for both sides.
Indian private and public sectors are woven together both in trade and services. A lot of the tenders put online are government contracts and are helpful and profitable, especially for organizations trying to set up themselves in their sectors. Tenders aren’t simply for profits, even non-profit NGOs access tenders for better access and opportunities.
With thousands of tender opportunities both from the government and private spheres, it is a demanding task to find the best tenders for one’s organization. But with Tender Alert systems provided online the entire time wasted in the process is cut down to least. Various tender alert service sites have mailing lists for the subscribers. The subscribers receive a list of tender alert in India daily based on their choices/preferences or based on their organizational profile, matching them with the most suitable tender for procurement that is available on the web.
A number of multinational companies have helped the state governments to develop efficient and effective tender alert system for their subscribers. The process, as a result, has become flawless reducing the everyday occurrences of bribery and an underhanded process of favoring tenders in the past. Recently the state government of Madhya Pradesh has revamped their online website to give a better experience to the organizations that had subscribed to it. Such efforts have helped improve MP tender alert system. These tender alerts usually provide information such as tender number, NIT number, tender release date, last dates for tender purchase/ bid submission, etc. along with various detailed descriptions about the tender.
The entire process of tendering has shifted into the automated virtual space with open access to all. From placing the advertisements to information gathering, filing and bidding to buy and payment, it's all done before computer screens and with much-reduced efforts from a traditional tendering system. The competency has increased and thus the competition has increased too. Tender Alerts in India have been proven revolutionary, providing efficient means for organizations and sectors to connect at a Global platform and raise the bar higher than ever. The stakes are higher but so are the profits. It’s a process that is still evolving each day. E-tendering is the new way of India.
For any newbie, it is very confusing that how to deal with tenders or tender information. Here’s the guide to deal with these tenders smoothly and to gain a better understanding of the tendering. These tips help deal with some of the most frequently asked questions and supply lots of useful information on tenders.
Anyone who is new to this industry, go through many dilemmas and has many questions like “how do I find tenders?”. The technological advancements made this thing very easy and on your fingertips now a day. It is easy to get free tender information of any category you serve. It is easy and free to search for public
These are the bunch of instructions, demonstrate how to use Free Tender Alert services to find right tender to bid on. There are lots of web portals which provide free tender information on both high and low-value contracts. These portals include tenders of all the sectors like Government, public or private. These segments are also divided into international and national tenders.
A beginner’s checklist for the Tender
“What do I need to do to start tendering?” It is the next most commonly asked question for organizations looking to bid and win tender contracts. This is why we here created the fit to tender check-list for the newly owned company in business winning contracts by tendering:
1. What information you need to have in place – A bunch of information is required when we start tendering like what is the contract is about? Should you bid for a tender? Find out what the client wants? What to put in your tender?
2. What documents you need – You will require the document like a certified copy of Company Registration Document and Valid Tax Clearance Certificate. The required and mandatory documents must be collected first.
3. Other key issues like qualifying tenders – being realistic about success rates, check presentation of your tender.
Every industry has so many abbreviations, acronyms, names and phrases used in tendering. Understand them; there are so many glossaries available to understand what The tender jargon & main terms used for tenders.
So if you were wondering what the variation between framework agreements and dynamic purchasing systems check out the tender jargon first.
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The tenders are constantly evolving, tendering is a complex subject. Learn before you implement everything to walk through the path of successful tendering. Get free tender information walk through yours. Discover new tenders that unlock untapped business opportunities.
E -Procurement is the main key part to decide the achievement of a specific business. Various online organizations give a selection of other options to unravel issues identified with dealing with time, acquisition costs, basic leadership, and hazard administration through E-procurement locales. These arrangements help in improving efficiency and streamlining the acquirements process.
People might have the capacity to meet business objectives through customized arrangements relying upon business field and acquiring needs. Such arrangements empower associations in receiving rewards of cost-control and cost following, making portfolios as indicated by arranging sorts and accomplish quicker request handling. E-procurement arrangements give online robotization, adjusting associations to driving measures of e-business, expanding perceivability to corporate consumption and killing double request section prerequisites.
Different services of E-procurement arrangements incorporate customized online list, altered marking down structure, punch out inventory reconciliation, appropriate application joining and level document index information bolster. These arrangements by and large manage areas looking for data with respect to current frameworks, hierarchical procedures, business condition and profile. They may likewise help in actualizing these plans and measures required to guarantee achievement and reserve funds. E-procurement helps in changing over all manual paper - based acquirement system of every one of these perspectives into electronic technique.
E-procurement arrangements can be gotten through different online merchants that give preparing about utilization of different highlights and their points of interest. This causes, organizations to receive most extreme rewards of innovation and limit different imperatives of benefit picks up. E-procurement arrangements likewise enable organizations to dissect their E-procurement, development and spare a lot of printed material to lessen costs.
Online data may enable the client to pick up an unmistakable understanding and learning about E-procurement, including the reasonableness of its utilization as per business purpose. In any case, it is prescribed that organizations break down their needs of such an answer before obtaining it. If not required, it could bring about lost income because of interest in an innovation that was not required.
E-procurement work processes can be characterized, implemented and institutionalized crosswise over whole divisions, and numerous acquirement and production network administration has formed already embraced by a colleague be mechanized. For instance, computerizing buy requests and solicitations electronically decrease the requirement for manual printed material, and the colleague who manages this printed material is allowed to chip away at different assignments.
Also, E-procurement is a more proficient approach to oversee contracts online as it can be utilized to ensure that the greater part of your association's agreements conform to applicable strategies. Instruments, for example, our own particular Tender Manager ensures that the whole offering process is EU consistent, from online reaction assessment to contract grant. Institutionalizing your procedures through E-procurement strategies will likewise eliminate avoidable authoritative mistakes which can happen with paper-based techniques.
lotusprocure.in shows point by point data on E-Procurement, E-Procurement Advantages, E-Procurement Services and E-Tendering visit lotusprocure.in.
E-Procurement can mean distinctive things to various individuals, it differs in scope, and can be condensed as an interface between organizations for the deal/buy of products and enterprises through an online stage. Most ERP systems now have the capacity to assemble or make e-acquirement arrangements, yet there are additionally countless that can be purchased independently however, it will clearly require greater investment, exertion and budgetary assets outline and construct and to permit interface with your key monetary system.
The extent of a system can differ impressively, yet could incorporate a few or the many of the elements:
There may be some difficulties with any of the best systems. There might be huge IT assets required inside, or a vast spending plan to execute such a system. This would especially be the situation in the event that you are utilizing an independent system, instead of a current module accessible in your ERP system. There may likewise be specialized constraints on yours or your provider side. Providers would need to put appropriate assets in place to empower a fruitful result of any e-obtainment system. The best systems are the straightforward ones for providers to use, as they will prompt a greater amount of your storage network becoming tied up with the undertaking.
In the event that you are considering utilizing an e-tendering system, you should do noteworthy research to ensure you get the correct answer for you. So, doing research and gather much more important information about the Electronic Tendering System, E-Tendering Invoice visit our sit Lotusprocure.in.
E-tendering bidder system is a solution to provide a platform for e-bidding. E-bidding is the process of digital bidding using the internet and all other digital devices and medium.
Lotusprocure.in e-tendering bidder system has different modules and components. These modules are the site administrator section, Buyer’s section (Employer), bidder’s section (All interested contractor or supplier) and a public view section.
Role in each module is decided for a component for certain extent. Site Administrator can register buyer or bidder and has an own password but can’t access bidding process. A buyer can publish or download or award a tender and to complete this process buyer needs a password. But a buyer can’t access to bidders page. A bidder can submit or modify a submitted bid and needs a password to accomplish these tasks. A bidder can’t access buyers page or not able to delete a bid. The general viewer can only view tenders but not able to access the any of the parts of the bidding process. General viewers don’t require any password to check tenders on the website.
Each of the modules facilitates certain tasks. In the buyer’s section buyer can offer tender notice and offer bid information to the supplier. Here, the all amendments are accomplished by the buyer. Once the Tender notice has generated it is viewable in bidder section. In Bidder section, now the bidder can bid on that tender and all the information is accessible to the bidder which is provided by the buyer. If Bidder needs to change his bid, he can modify, substitute or withdraw the bid any time before the period of bidding process ends. After the completion of a bidding process, bid evaluation is started. In bid evaluation process, the acquired bid is evaluated to award the tender. Once the winning bid is evaluated, buyer generates a notice to the successful bidder.
There are a few advantages are offered by e-tendering bidder system to a buyer. The same benefits are provided by Lotusprocure.in e-tendering bidder system. Lotusprocure.in e-Tendering Contract electronic is included in that.
Tender alert service Provider Company offers desired tender information direct to the inbox which is in the form of the email notification. These services help to eliminate the time consumption of searching for the potential client or order for bid. Tender-alert Services are for only open tenders that anyone can apply for.The subscription process allows one to get an instant email notification every time a public tender is updated. These subscriptions can be personalized to particular industry only or to the broad one as well.
Find, Bid and Win –
Manually searching in multiple databases for the single tender can be a daunting process and there’s no guarantee that you won’t miss any opportunity which you were able to win.
Tender-alert service Provider Company not only provides instant access to the newly updated tenders but also provide appropriate supporting document and help you to manage bid responses. Tender notification services provide services mix of your preferences and requirements if these are set in the start. This tender alert is not limited to the email but to phone as well. A few companies provide or notify by SMS whenever a new tender updated on the website.
This makes a lot easier to get updated for anyone to a new opportunity even though if he or she is not accessing the internet. Tenders are also categorized in a different manner like, state-based tenders, area based tenders, industry based or department based tenders so that whatever services or goods required is easy to deliverable.
Usually, companies allow any organization to subscribe for free services but the use and access are limited. Few companies provide free trials so that any business body or organization can check how useful E-tender alert is exactly and how relevant, quick and effective their services are. It depends on how much you are interested, if you are interested in checking more opportunity and want to get them regularly in your inbox, you can simply subscribe to their services by paying a small amount of fee. If you want to cancel your subscription to the notification services you can go and unsubscribe anytime you want.
These Tender-alert companies provide a wide variety of tenders like international and national tenders. The competition has been increased by the automation of business processes. Most of the tender alert company has set of other services like bidding portal to bid on the contract of your interest.
Tender-alert companies are one of the best sources to fuel any organization with the new opportunity every day. Not only it saves time but also make you aware which opportunity is essential to earn or win for future growth. Growth is a very important part of any business organization, running towards good opportunity always make sure that your business is on a good track. Don’t lack and Win Them ASAP.
Convention tendering is very complex and tricky process, and when it comes to any large organization this manual method of tendering become more stressful. After the introduction of e-procurement, most of the processes become less hectic and less stressful. Implementation of e-procurement helps at all the level of company environment. After the digitization in all the sectors, it was very crucial to serving digital economy in procurement sector as well. Now it has helped with better control, productivity, reduced cost and higher security.
Lotus Procure improved visibility, better control, and fair financial deals in e-Tendering. It manages tendering process online and this has been improved the accessibility of tenders. Enable people to download the tender and then submit the bid using this system without moving or taking so much time. The objective of offering this system is to provide the best value of the money via secure and transparent procurement process. All the multiple procurement needs are fulfilled and handled very effortlessly by the use of e-tender system. Lotus Procure helps to automate the tendering procedure.
In this system firstly suppliers are invited to sign up in the system. This is called the registration process and it is free of cost. Lotus procure is an online internet based tendering system which provides secure access through unique “username” and “password” to each qualified organization. This system is available in English.
Once registered sellers can update their provided information anytime and are recommended to change their “passcode” regularly. Part of the registration method is the recognition of the varieties and classes of goods or services that the corporation is actively offering or selling, using a standardized categorization list offered by the system. This will guarantee that the organization will be able to obtain information regularly about ITBs, market surveys, RFPs, RFQs, notices of the award of contracts, and other data information that is directly significant to the existing business portfolio. All the relevant information is exchanged in digital form.
After registering in the system, a supplier can view the list of tender contracts, awarded contracts, able to quote for tender, able to receive contract information and documentation and send and receive correspondence. Getting started with this system is not that tough, through the tender option supplier can browse the list of tenders and contracts and able to get details in which you are interested. All the tender information is provided in sorted form.
Lotus Procure is the best assistance in the complex tendering process and helps you to reduce the stress of the tendering process and make every step effortless for you. It makes you more focused for a winning bid or finding a contract that matches with your company portfolio. By using Lotus Procure web based e-tendering solution, the intensive task of tendering will become faster and easier. Be the part of the revolution and make better future for your organization.
E-tender system is a virtual tender platform between buyers and suppliers. It is an online interface which makes advertise about the commercial, governmental and global tenders. So this kind of system makes advertisements about upcoming tenders in which you are interested. The system used to make suppliers aware about the tender is known as E-tender alert services.
The electronic tender system replaces the old manual tender system and creates an efficient environment for both tender buyers and suppliers. It automates the process and overcomes the drawbacks of old ones. Also, the tender bidding system has been transformed completely and enabled the procumbent process to connect with the larger network. Electronic Tendering Bidding system has facilitated the whole system online and one of the hassle-free bidding environment between buyer and seller. E-tender is a complex and tedious process and it does not finish over here. Other steps also followed by using online space. After the completion of bidding process and selection of the winning the bid, payment process has taken place. All the payments are done digitally using the internet. This process is highly secure and efficient and effective as well. This process is known as e-tendering invoice system.
Before going to understand e-Tendering Invoice system we need to understand what is e-Invoicing?
e-Invoicing offers the real switch from manual paper to fully digital communication for main business processes in the procurement phase. Using an e-Invoicing system, a supplier can send an electronic invoice and a buyer is able to receive, verify and pay it online. Many electronic Invoicing solutions deal with country-specific legislation, often creating barriers to cross-border trade.
e-Tendering Invoice system is also same as mentioned above or we can say invoicing electronically in e-procurements is known as e-tender invoicing.
What are the benefits of e-Tendering Invoice system in electronic Tendering?
In Electronic Tendering Bidding system, in the post-award procurement phase when the tender assigned to contractors an e-invoice generated which is paid to the suppliers. A supplier organization sends an e-invoice to a buyer. The invoice shows the buyer reference element to spot the individual who made the purchase. The digital workflow system informs the buyer that an e-invoice has been received. The system is able to match the digital invoice with the proper order. The buyer checks the invoice and verifies the quality of services and/or quantity of goods. The buyer then approves the invoice and the document is electronically processed for payment.
The Internet has provided us a better-connected world and all the business environments are adopting its capabilities and usability by implementing in their business process so as the procurement systems.
E-Tendering contract management system is essential parts of supply chain management that provide saving potential. Contract management system works with managers in supplier relationship, goods and services that have negotiations. With digital Procurement system, one can maintain on identifying routine factors. These performance factors are significant for successful deliverance and organization of the benefits.
Even when someone does conceptual business economics work with acute proficiency, still it is very challenging to doing same work repeatedly. Transformations are necessary for every supply chain manager rather than only improving operations to produce great results while handling constant pressure of maintaining low costs.
Tender contracts are always and poorly organized in a firm. In a company, there are already some active agreements which if counted then merely said to be hundreds. If we total them all, thousands of contract clauses and terms and conditions for smaller companies. These contract clauses must be monitored before enforcement. E-procurement managers understand that putting logical prices on goods is only a section of strategic sourcing action. The tools in e-tender contract management help companies accomplish the majority out of those contract terms, which purchasers spend their complete effort discussing and negotiating.
What are the Transactional benefits?
Electronic procurement helps the paying procedure of a purchase happen on the internet. Businesses may use web-based transaction tools and e-Tendering Invoice, where goods or services are fundamentally selected from catalogs that are pre-sourced and provided for electronic approval. The system then is linked to an Enterprise resource planning system’s back-end to facilitate entry, e-Tendering Invoice payments, and collect procurement management information.
Easy to access Contract agreements
After the contracts are signed, businesses with contract management tools usually store hard copies in different places. It gets filed by legal departments, stacked by procurement managers, and transported to stockholders. With contract management, companies can organize and store contract records in a centralized and easily accessible repository. One can just click on the mouse to review and download agreements, by guessing where the contract documents are located and giving the business a visibility where contracts are kept at that instant.
A major problem lies in agreement and unconventional expenses in any firm. It is not because employees on purpose overspend on a procedure, but because they are not alert. With electronic-procurement, one has a system like catalogs for processing standard orders.
Managing information advantages
Key identifiers may be product codes, cost centers, and so on. The unique identifier codes decrease errors and offer exceptionally detailed daily accessible data. This is needed to make the best use of data for strategic sourcing. Electronic-procurement effectively implemented will provide high-end comprehensive information. It will put off extra expenses on functions like data warehousing or mining.
Smarter spending and more managed database
With contract management system, you have to penetrate and organizing functionalities and can rapidly locate what documents are required. With a contented catalog of the organization’s agreements, the first way to reduce off-contract operating expense can be formulated. It will help contract managers to promptly search all types of agreements being searched. Furthermore, with a prepared database, businesses may be capable of paying out smartly.