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Few Noteworthy benefits of eTendering for Buyers

eTendering is beneficial for organizations, irrespective of their size in order to make their procurements effective. It has multiple benefits and one of them is that it saves money.<br>

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Few Noteworthy benefits of eTendering for Buyers

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  1. Few Noteworthy benefits of eTendering for Buyers

  2. Introduction eTendering is beneficial for organizations, irrespective of their size in order to make their procurements effective. It has multiple benefits and one of them is that it saves money. Here are a few noteworthy benefits if eTendering for buyers:

  3. Helps in managing supplier’s bid online: E-Tendering system is more organized and this system automatically helps in inviting and managing submissions. In other words, people who are originally responsible for procurement can now easily focus on other things rather than ensuring that the bids contain correct information and are submitted on the right time.

  4. Companies gain full audit trail and process intelligence: It is another benefit of eTendering that the companies will have full visibility of what information is submitted and when. It makes the work more clear and keeps a track. Reduce cost: Another major benefit of using eTendering is that it reduces the cost of the company on postage cost and at the same time it is environment friendly as it reduces the need for printing and posting multiple hard copies.

  5. Benefit from the Government’s perspective: ETendering is also beneficial from the Government’s perspective in multiple ways like it provides best value for the taxpayer’s money, promotes overall e-Commerce initiative, and also there are consistent tendering practice across government. Benefits from industrial perspective: It provides easy access to both public and private tendering related information. With eTendering there are multiple new opportunities and has access to geographically isolated industry organizations. It has also significantly increased market share and competitiveness.

  6. Conclusion: These were the few noteworthy benefits of eTendering for buyers. There are many online portals where you can get all the information related to national and international tenders.

  7. Contact Us:- Toll Free Number: +91- 96190 81847 Website: www.biddetail.com

  8. Thank You !

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