Buying Online

Sri Lanka Telecom on Monday said it had automated its procurement system and put it online to speed up delivery from its suppliers. Sri Lanka Telecom on Monday said it had automated its procurement system and put it online to speed up delivery from its suppliers. Local and foreign suppliers will register and access all detail online and can also submit bids over the system.

The eTender project will also integrate SLT’s entire procurement process down to custom clearance and inventory planning.

A statement from Sir Lanka largest fixed line operators on Monday 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.”

The statement added that the 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.

In global tenders, the tende