Odisha State Co-Operative Marketing Federation Ltd (MARKFED) is a leading cooperative marketing organization in the state of Odisha, India. MARKFED plays a crucial role in the procurement, distribution, and marketing of agricultural produce, ensuring fair prices for farmers and efficient supply chains for consumers. To modernize its operations and improve efficiency, MARKFED partnered with Oasys Tech Solutions, a renowned IT solutions provider.

Manual Processes : MARKFED relied on manual processes for inventory management, procurement, and sales, leading to inefficiencies and errors.

Limited Data Visibility : Lack of Lack of real-time visibility into inventory levels, sales data, and financial transactions hindered decision-making and planning.

Complex Workflows : MARKFED's operations involved intricate workflows across multiple departments, requiring better coordination and automation.

Compliance Requirements : Adherence to regulatory requirements, particularly in taxation and invoicing, posed challenges for MARKFED's traditional systems.

SAP ERP Implementation :

Oasys Tech Solutions proposed the implementation of SAP ERP, encompassing modules such as Financial Accounting and Controlling (FICO), Material Management (MM), Sales and Distribution (SD), Warehouse Management System (WMS), Human Capital Management (HCM), and Fleet Management (FLM).

The SAP ERP system provided MARKFED with a centralized platform for managing its operations, optimizing processes, and enhancing data accuracy and visibility.

Customizations were made to the SAP ERP system to align with MARKFED's specific requirements and integrate seamlessly with existing systems.

Additional Solutions :

Oasys Tech Solutions implemented a Workflow Management System to automate and streamline MARKFED's complex workflows, improving efficiency and reducing processing times.

Business Objects (BO) Dashboards were developed to provide real-time insights and analytics, enabling better decision-making and performance monitoring.

Oasys Tech Solutions also provided customized application development services for Fleet Management System (FMS) to optimize MARKFED's vehicle operations and logistics.

Electronic Invoicing System :

In response to regulatory changes, Oasys Tech Solutions proposed the implementation of an electronic invoicing system.

This system enabled B2B invoices to be authenticated electronically by the Goods and Services Tax Network (GSTN), ensuring compliance with GST regulations and facilitating seamless invoicing processes.

Operational Efficiency : The implementation of SAP ERP and additional solutions streamlined MARKFED's operations, reducing manual effort and improving overall efficiency.

Enhanced Visibility : Real-time access to critical data provided MARKFED with greater visibility into its supply chain, finances, and operations, enabling informed decision-making and planning.

Improved Compliance : The electronic invoicing system ensured compliance with GST regulations, simplifying invoicing processes and reducing the risk of errors and penalties.

Cost Savings : Automation of processes and optimization of resources resulted in cost savings for MARKFED, enhancing its financial performance and sustainability.

Customer Satisfaction : By streamlining operations and improving service delivery, MARKFED was able to enhance customer satisfaction and strengthen its position in the market.

Through its partnership with Oasys Tech Solutions and the successful implementation of SAP ERP and additional solutions, Odisha State Co-Operative Marketing Federation Ltd (MARKFED) achieved a significant digital transformation. The modernization of its operations improved efficiency, compliance, and customer satisfaction, positioning MARKFED for continued growth and success in the competitive agricultural marketing landscape.