GeM eMarketplace Benefits

The GeM eMarketplace offers institutions many benefits to ensure that your procurement activities are effective, collaborative and compliant.

Save Money

  • GeM is ready to use and removes the financial risks of implementing a new system.Reduce maverick spend and increase savings by enforcing ‘on contract’ purchasing.
  • Make huge reductions in administrative overheads and save thousands using GeM. A study by HEFCE highlights that administrative savings made by using an eMarketplace could be as high as £44 per purchase order when compared to a paper-based process.
  • GeM only contains sector negotiated contracts and frameworks. Any supplier you buy from is already pre-approved to give the best price and terms and conditions. In the case of laptops and PCs, the on-site warranty is often extended from one to two or even three years.

Generates Money 

  • Generate greater cash rebates from card providers by directing more spend through Purchase Cards (PCards).
  • Generate greater cash rebates from suppliers by directing more spend through consortia agreements (where consortia return rebates to members).

Give Control

  • Get real-time spend reports
  • Get real-time spend analysis reports providing you with the information you need to develop a flexible and efficient procurement strategy.
  • Increase security and improve audit trail through the use of purchase cards.
  • Enforce procurement policies at the point of purchase by restricting users, suppliers or products in a controlled buying environment.

Enable compliance and a better user buying experience

  • Buy on contract and conduct Request for Quotes (RFQs) that fully comply with EU regulations.
  • Directing buyers to a single site for commerce simplifies the process within your institution and guidelines that procurement departments need to give.

Getting started couldn't be easier.