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What is an open tender and why is it important?
Tenders

What is an open tender and why is it important?

Open tenders are one of the most popular types of tenders, often used by government bodies and PSU units to procure goods and services from suppliers in a transparent manner. The purpose of using open tenders for procurement is to create competition and minimise discrimination. It also helps to create opportunities for emerging businesses to apply for new work. Let us take a look at what is the meaning of an open tender, its advantages, limitations, importance and role in the eTendering process.

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What is lead time? Its importance and benefits
Logistics

What is lead time? Its importance and benefits

Timely deliveries of goods and services is extremely important for achieving customer satisfaction. If you are facing delay in deliveries, you need to find out the lead time, areas of improvement and ways to improve the lead time. Here is how you can do it.

Last updated on: Oct 19, 2023
Swati Deshpande
Steel prices in Mumbai and Pune
Procurement

Steel prices in Mumbai and Pune

Table of Contents Steel prices in Mumbai Steel prices in Pune In these volatile market conditions, one of the problems that the Indian steel industry is the fluctuating market. Additionally, steel prices fluctuate constantly. It creates confusion amongst buyers. Additionally, prices change city-wise. According to a report, steel prices were dropping since a month ago indicating weak demand in India. As per the latest report, increasing prices in China and global iron prices have brought fresh enthusiasm to the Indian...

Last updated on: Sep 13, 2023
Swati Deshpande
Loan vs Advance: Top 5 differences, which is better, how to get it
Business Loans

Loan vs Advance: Top 5 differences, which is better, how to get it

When you want to avail funds for business, are you confused between a loan vs advance? How do you decide which is the best type of loan for your business, or if an advance is more suitable for you? Both of these terms relate to borrowing of funds. They have their own requirements, payment terms, interest rates and purpose. Let’s look at the difference between loans and advances and help you decide which is right for your business.

Last updated on: Aug 4, 2023
Sohini Banerjee
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