Sohan Lal Commodity Management Limited (SLCM)
Risk Mitigation
SLCM has an automated supply mechanism for an error free system and processes. SOPs were clearly defined and ‘Maker & Checker’ was defined in each and every process. Risk Mitigation Strategy is clearly defined and strictly adhered to at each level. Any deviation from the process is addressed immediately without fail. Customized SAP solution has been implemented in the entire value chain to achieve accurate and timely information for operational efficiency.
RISK MITIGATION INITIATIVES:
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SAP Implementation integrated with Internal Audits
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Audit inspectors were equipped with GPS enabled devices for real time reporting and information flow
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Biometric hand-held device were launched at most of the locations to track the record of the data inventory and communicate the same to the client on real-time basis
There are several benefits to clients like Stock Updates, Stock Transfers, Arrange Stock Pick-ups, and Stock Safety. SLCM has also automated the inward and outward method of warehouse data management by integrating crop report for quality control in each warehouse and seal record for internal audits.
Benefits
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Scalability: SLCM solution enabled to start its operations in any warehouse irrespective of infrastructure and the crop within two days TAT.
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Improved Reporting: Scientific reporting system for efficient control as it is imperative because the ‘Value at Risk’ is very high. Reporting follows an automated template system that allows various departments to access information seamlessly.
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Data Quality: The biggest challenge of the agri-logistics sector is that the available data is inaccurate and incomplete. With technological innovations, SLCM has access to real-time accurate data to control the quantity and quality of the commodities. SLCM’s solution has enabled to reduce post-harvest losses to 0.5% from the industry average of 10% of the agri produce in the entire supply chain. This has been clearly demonstrated by SLCM Group and accordingly validated by the detailed study of FICCI – Partnership to Scale New Heights: India-US Collaboration in Agriculture. You may refer to the study in Awards & Accolades Section of our website.
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Better Supply Chain: The control over post-harvest losses was achieved only through available real time information about the moisture content, fumigation requirement, aeration check of the crop, thus ensuring highest level of operational excellence in the sector.
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Operational Excellency & Reduced Complexity: SLCM’s solution has been able to minimize / remove errors from the entire value chain as it is a tech enabled and automated. The chances of error is thus minimal and ensures efficiency of the entire workforce.
Apart from having in-house Quality Testing Labs, SLCM also provides an option to its clients to use third party quality testing. SLAM has partnered with various testing labs on request by esteemed clients.
Market Research
SLCM has a Commodity Market Intelligence Division based out of its Head Office in New Delhi. The Team undertakes fundamentals like demand and supply of different agri-commodities in based on primary/secondary crop surveys. The company also undertakes studies and look at crop cycles, their shortages and other relevant information about the agriculture sector.
Our USP is to suggest the possible solution or the ways to evade foreseeable bigger problems related to soil fertility, water levels, crop patterns for different states/regions, etc.
The market research team provides accurate prediction for short, medium and long term outlook about crop patterns, weather forecasts, production analysis, crop research, and market dynamics, trends in storage or cultivation and correlated information.
Newsletters
Keeping in mind the global expertise of the Group, the market research team suggests on how to adapt pertinent global best practices.
The newsletter provides information about all the commodities including grains, sugar, pulses, oils, oilseeds, spices, cotton, mentha oil, and castor seed, etc.
This commodity newsletter is available to all the viewers on a real-time basis on our website.
SLCM provides Fortnightly and Monthly newsletters with in-depth analysis about the market.
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Weather Reports And Its Impact on Agricultural Crops (based on various Weather forecasts by IMD Reports)
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Macro-Economic Factors Affecting Commodities Like Exchange Rates etc.
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Pre-Sowing Crop Intentions By Farmers
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Market Arrivals
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Supply-Demand Forecasts
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Trade Flow Information
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Crop Forecasts