Explain E-tender as a system of E-Procurement What are its merits over traditional tender system?

E-tendering is a digital platform that facilitates the procurement process by allowing organizations to invite and manage bids electronically. This system streamlines the tendering process, enhances transparency, and reduces paperwork, leading to increased efficiency. Its merits over traditional tender systems include faster processing times, improved accessibility for bidders, reduced costs associated with printing and mailing documents, and a more secure and organized way to manage submissions. Additionally, E-tendering can enhance competition by reaching a broader pool of suppliers.