e-Procurement in IFFCO
Farmers Fertilisers Cooperative Limited (IFFCO) has deployed e-procurements
systems in the organisation. It has already implemented e-procurement at its
head office, marketing central office, zonal office south, production units,
and formally launched the process of awarding purchase order/work orders through
the e-procurement process.
Through e-procurement, the company hopes to reduce lead time
in the procurement process, enhance efficiency, and cut down transaction costs.
To take this initiative forward and ensure its success, the
organisation did the most logical thingtrain its suppliers and vendors
on the benefits and use of the e-procurement system. IFFCO conducted workshops
for its vendors in Mumbai and Delhi.
The vendors were told about the benefits of digital signature
based e-procurement processes and the main features of the system which include:
- Web-based systems for placement of tenders and
- E-mail alerts.
- Personal database for vendors.
- Online help for submission of bids.
- Availability of categories in which vendors are
registered and many more.