Sohan Lal Commodity Management awarded with Golden Peacock Innovation Management Award
NEW DELHI: Sohan Lal Commodity Management (SLCM), one of the leading Agri-logistics solutions has been awarded with 'Golden Peacock Innovation Management Award' by Institute of Directors (IOD).
The award recognised the Group for implementing the most innovative technology for warehouse management amalgamated with technology & coupled with agri domain expertise, SLCM said in a statement.
'AGRI REACH', a patent pending technology is one of the initiatives of SLCM has been highlighted by IOD for Golden Peacock Award which depicts corporate leadership and institutional excellence which, over time, have become a hallmark of excellence, both locally and globally.
On receiving the award, Sandeep Sabharwal, Group CEO, SLCM said, “IOD recognizing our technology on this prestigious platform has given us immense motivation through which we will continue to direct ourselves to empower the crop in distinct manner."
"As a company, we believe that increased investment in processes and continued investment in technology and administration are needed to leverage company’s strong capital availability and strong research and development capacity,” Sabharwal stressed.
SLCM initiated a shift to change the perception from infrastructure driven to scientific warehousing processes. This has been clearly evident in the recent government policy change with its inclination towards scientific warehousing and its promotion.
Agri-Reach, which took about seven years to develop & is constantly evolving, covers the gamut of inspection services for agri-produce by not only quality monitoring but also prescribing curative steps if crops were found to be damaged. Weekly checks are carried out by SLCM auditors who are fortuitously tracked in specific geo-fenced warehouses and the information is relayed instantly to the headquarters.
The Group has integrated the system in android-tablet device at all its locations. SLCM was the first company in India to bring bar-coded warehousing receipts as far as seven years back. And, also the first in the country to implement a centralised MIS and SAP system in a sector where data asymmetry is still a common hitch.
Each of the company’s customers can track their commodities through their system by just scanning the barcode at their end – right from which warehouse was it stored in to which truck was used for its transportation.
SLCM has a long list of felicitations to its credit and has been constantly focusing on creating the Differentiator in this field and over time demonstrated its capability in rolling out new and efficient products and services that benefit the agri logistics environment.
Be it the AGRI REACH (patent pending) which reduces post harvest losses or Kissandhan (Group’s wholly owned NBFC to offer Warehouse Receipt Financing) which has changed the paradigm of agriculture financing to bring real 'Financial Inclusion'.
SLCM warehouse management is equipped with technology to offer storage and protection services for the entire range of agri-commodities.
Currently, SLCM manages a technology enabled network of more than 1352 warehouses and 19 cold storages pan India with a total capacity of over 3.60 million tonnes spread over 20.24 million sqft and throughput of more than 431 million tonnes.
SLCM has been handling more than 452 agri commodities including Cotton, Barley, Bajra, Castor Seeds, Wheat, Pulses, Maize, Spices, Aloe Vera, etc. across India.