Background
Uttarakhand Forest Development Corporation (UKFDC), a government-owned entity responsible for sustainable forest management and timber sales, faced several challenges in its operations. Limited market reach, systemic leakages, and lack of transparency in the auction process were impacting revenue generation and the corporation's overall efficiency.
In their quest to address these challenges, UKFDC sought a comprehensive solution that could revolutionize their forest produce management and auction processes. This is where Transcend, a leading software solutions provider, entered the picture.
The Challenge
Limited Market Reach
UKFDC's reach was confined to a limited geographical area, hampering their ability to tap into larger markets and achieve competitive prices for timber.
Systemic Leakages
Inefficiencies in inventory management and lack of transparency in the auction system resulted in revenue losses due to pilferage and unfair pricing.
Lack of Transparency
The existing auction process lacked transparency, causing distrust among buyers and potentially reducing the corporation's ability to get competitive prices for its timber.
