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ITC eChoupal

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Issue:

Technology

 

Written by:

Alphonso P

 

Date added:

July 11, 2014

 

Level:

 

Grade:

A

 

No of pages / words:

5 / 1266

 

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8933 times

 

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Essay content:

The future platform will also be discussed. Traditional Soybean Procurement There are several inefficiencies occurred in the traditional supply chain. First, the only means for price discovery is at the mandi. Although farmers might forecast the price from the previous days, they cannot know the real price in advance before they reach the mandi...
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Although farmers might forecast the price from the previous days, they cannot know the real price in advance before they reach the mandi. In this way, they have to incur considerable amount of logistic costs. Without real-time information about price and demand, farmers cannot make effective decision about when/where/how much to sell or produce...
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