Financial Times

SLT introduces e-procurement system
Sri Lanka Telecom (SLT), for the first time in Sri Lanka, launched a web based e-Procurement system facilitating complete automation of the processes enabling ‘paperless’ transactions relating to Procurement of material and services.

The company said this latest initiative is aimed at increasing transparency, reducing cost of doing business, reducing duplicity, bringing out more efficient purchasing process and increasing the ability to capture strategic information on procurement including purchasing patterns.

SLT’s eTENDER website provides suppliers with up-to-date information they need to provide quality goods at competitive bidding practices. The eTENDER initiative provides a vehicle to deliver more focused governance over the procurement system, thereby leading to improved quality of service. Implementation will also benefit both SLT and the suppliers.

SLT’s eTENDER system will increase the exposure in open tenders to the whole world and the system will enhance the competitive bidding practices adopted by SLT which at present have limited access by local suppliers for most of the goods. Furthermore, prospective tenderers can download the tender document free of charge within a few minutes after publishing in the website, thereby reducing the actual process to minutes. In global tenders, the tender document can be downloaded by the foreign principle within few minutes after notification.Restricted tenders can be downloaded using the username and password provided to each registered supplier.

However the manual system will continue and initially, suppliers have a choice between the manual system and electronic tendering system. eTENDER can be accessed via http://www.slt.lk. eProcurement system is not limited to eTENDER but has all the other in-house components like Material requirement Planning, making Purchase request online, electronic LC, automated custom clearing (being implemented) and single point of contact. To facilitate the eProcurement system SLT implemented electronic Documentary management system (eDMS) where documents related to procurement are generated, distributed, authorized, approved and archived electronically, the company said.

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