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E-commerce. E-procurement ( electronic procurement, sometimes also known as supplier exchange) is a collective term used to refer to a range of technologies which can be used to automate the internal and external processes associated with procurement, strategic sourcing and purchasing. [ 1]
The Government e Marketplace (or e-Marketplace) ( GeM) is an online platform for public procurement in India. [ 1] The initiative was launched on 9 August 2016, by the Ministry of Commerce and Industry, Government of India with the objective to create an open and transparent procurement platform for government buyers. [ 2]
Financials as of 31 March 2024. [ 1] Bharat Electronics Limited ( BEL) is an Indian public sector aerospace and defence electronics company. It primarily manufactures advanced electronic products for ground and aerospace applications. BEL is one of sixteen PSUs under the administration of Ministry of Defence of India.
Public eProcurement. The term Public eProcurement ("electronic procurement" in the public sector) refers, in Singapore, Ukraine, Europe and Canada, to the use of electronic means in conducting a public procurement procedure for the purchase of goods, works or services . eProcurement compared to normal procurement allows greater transparency ...
e. Government procurement or public procurement is when a governing body purchases goods, works, and services from an organization for themselves or the taxpayers. [ 1][ 2][ 3] In 2019, public procurement accounted for approximately 12% of GDP in OECD countries. [ 4][ 5] In 2021 the World Bank Group estimated that public procurement made up ...
The basis of European procurement regulation lies in the provisions of the European Union treaties which prohibit barriers to intra-Union trade, provide the freedom to provide services and the right to establishment (three of the "Four Freedoms"), prohibit discrimination on the basis of national origin and regulate public undertakings and public monopolies. [3]
Business administration. Procurement is the process of locating and agreeing to terms and purchasing goods, services, or other works from an external source, often with the use of a tendering or competitive bidding process. [ 1] The term may also refer to a contractual obligation to "procure", i.e. to "ensure" that something is done.
English, French and Spanish. The Agreement on Government Procurement ( GPA) is a plurilateral agreement under the auspices of the World Trade Organization (WTO) which regulates the procurement of goods and services by the public authorities of the parties to the agreement, based on the principles of openness, transparency and non-discrimination.