Abstract

In the contemporary landscape of public procurement, organizations face increasing complexities in managing procurement and vendor payment processes. This project focuses on developing a real-time procurement and vendor payment management system for North Eastern Electric Power Corporation Limited (NEEPCO), leveraging modern web technologies, including React, Node.js, Express, and SQL. The proposed system aims to centralize and automate the procurement lifecycle, enhancing operational efficiency, transparency, and compliance with government regulations. By integrating with the Government e-Marketplace (GeM), the system facilitates seamless procurement from Micro and Small Enterprises (MSEs), promoting inclusivity and economic participation. The procurement data portal will provide real-time tracking of all procurement activities, from requisition to delivery, while automating workflows to reduce manual intervention and errors. The vendor payment portal will streamline payment processes, ensuring timely payments and realtime updates for vendors, thus fostering stronger relationships. Additionally, advanced analytics will be integrated into the system, enabling data-driven decision-making and improved financial management. The expected outcomes include reduced procurement cycle times, improved compliance, and enhanced vendor satisfaction. By addressing the challenges inherent in traditional procurement methods, this project will contribute significantly to NEEPCO's operational efficiency. Ultimately, the system aims to set a benchmark for procurement practices in the public sector, reinforcing the importance of adopting modern technologies to meet the demands of a dynamic marketplace.