The e-procurement system of the railways was inaugurated recently. The e-procurement platform to East Coast Railway (ECoR) has been provided by Centre for Railway Information System (CRIS). The east coast railway stores department purchases around INR 750 crore materieals every year.
The new system will bring in benefits in terms of cost savings due to improved competition, improved internal efficiency, the procurement cycle will be further compressed by around 30 days, improved transparency in tendering process, and reduction in physical interface between government staff and contractor.The contractors can now bid and witness the tender opening and see the bids of other tenders in their office or at home.
To take advantage of this system, prospective suppliers should register themselves with IREPS (Indian Railways E-Procurement System) or visit www.ireps.gov.in.