New Delhi : Railway Minister Suresh Prabhu will be launching digital contract system addressing industries, railways employees and reviewing agencies in direction of creating the transparent system.The system includes digitization of processes like bill submission,inspection,dispatches,receipts,bill passing and bill payment.
The Indian Railways will introduce digital contract system for its supply chain in all zones. Online Supply chain system wherein 100 percent E-tenders and E-auctions are already integrated, now Indian railway is arranging to shape the all-in-one flow of finances, information and material.
It involves completely digitizing the internal business processes of material supply chain and seamlessly integrating processes controlled by different stakeholders digitally to achieve a completely integrated, paperless and digitized supply chain.
The supply chain of Indian Railways is regulated through a single online website, which handles more than Rs 50,000 crore procurement through 100 per cent E-tenders annually.
The supply chain also handles more than Rs 2,500 crore auction sale through 100 per cent E-auctions in a year.
Besides, having more than 52,000 registered vendors for supplies, the vast supply chain handles more than 2,664 registered bidders for sale of scrap material.
This huge supply chain is managed from the headquarters of 17 zonal railways and 8 production units with more than 300 field locations spread across the length and breadth of the country.
Digitization of supply chain should be seen as a tool for generating efficiency, reducing entry barriers and transaction costs, said a senior railway ministry official.It aims at improving ease of doing business and transparency.