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Glossary / Also known as

GeM portal

Another name for Government e-Marketplace (GeM).

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Procurement Government e-Marketplace (GeM) India's online procurement platform for government buyers to purchase goods and services from registered sellers. Also called GeM portal, government eMarketplace Statutory compliance Digital India India's flagship government programme to transform the country into a digitally empowered society and knowledge economy. Also called Digital India programme MSME payments MSME (Micro, Small and Medium Enterprises) A government classification for businesses based on investment and turnover that enables access to subsidies, priority lending, and special schemes. Also called micro and small enterprises, Udyam registered enterprise, MSE GST basics GST (Goods and Services Tax) India's unified indirect tax that replaced multiple central and state levies, creating a single national market for goods and services. Also called Goods & Services Tax Trade and foreign exchange Export Promotion Government schemes and incentives designed to boost India's exports and support exporters in accessing international markets. Also called export incentives, export promotion schemes Purchase orders Blanket Purchase Order A blanket purchase order (BPO) is a long-term purchase agreement with a vendor for recurring goods or services at pre-negotiated prices, quantities, and terms over a defined period. Also called blanket PO, standing purchase order, blanket order
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Procurement What is Spend Management? Process, Examples and Tools Spend management is how a company plans, approves, controls, pays and analyses all its spending: vendors, subscriptions, cards and employee expenses. OneFinOps Editorial 2 min Procurement What is Procure to Pay (P2P)? Process, Cycle and Steps Procure to pay (P2P) is the cycle from a purchase request to supplier payment: requisition, purchase order, goods receipt, invoice matching and payment. Dhatri Medarametla 3 min Vendors What is Vendor Management? Process, Lifecycle and KPIs Vendor management is how a business selects, onboards, contracts, pays, monitors and exits suppliers, so each delivers what was agreed, at the agreed price. OneFinOps Editorial 3 min
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