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MMTC Limited e-Procurement Solution

About the e-Procurement Solution for International Trading Company

MMTC Ltd. required an e-Procurement platform for electronic tendering and auctions (forward and reverse) on application usage basis, with the objective of automating the entire procurement process.

Established in 1963, MMTC Ltd. is today India’s leading international trading company. It has been awarded the status of “Super Star Trading House” and also “Golden Super Star Trading House” for its endeavor for the growth of export sector. MMTC is the largest non-oil importer in India and its export activities include Third Country Trade, Joint Ventures and Link Deals among others. Its vast international trade network, includes subsidiary in Singapore, spans more than 85 countries in Asia, Europe, Africa, Oceania and Americas, giving MMTC global market coverage.

The e-Procurement solution had to include indenting, preparation and mapping of tender/auction documents, publishing of the tender/auction on the portal, Digital Signing of bids and bid documents, evaluation of bids, MIS Reports and a help desk facility.

The Result

C1 India delivered the required e-Procurement application to MMTC which enabled it to carry out its e-Tendering and e-Auction with great ease. Using the platform developed by C1 India, MMTC carried out e-Auction of commodities such as steel, crude tar, coal and e-Tendering of commodities like fertilizers, precious metals, minerals, coal and hydrocarbons. The platform met all the expectations of MMTC which included achieving process efficiency, reduced processing time, greater transparency, cost reduction and consistent vendor & customer development. The e-Procurement platform was also compliant with Indian IT Act 2000 and guidelines of Central Vigilance Commission.

Using our e-Procurement solution MMTC Ltd successfully executed approximately 125 tenders and 22 auctions between August 2012 and July 2013.

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