Discussing the online agriculture B2B trading portal

Agriculture E-commerce refers to the type of trading model in which the purchasing and selling of agricultural goods and services is done electronically using computer systems connected by inter-network protocols and standards. The various parties involved in electronic business transactions agree to abide by the standards, guidelines, and legislation governing the sector.

The chance to use marketplaces within a particular industry increases as technology develops and e-commerce expands. Resources are plentiful in the agriculture B2B market, specifically in the agricultural sector. Farmers can purchase and sell raw materials and machine spare parts through these outlets to meet their farming needs. permits them to sell their crops to distributors and wholesalers as well. As a result, incorporating e-commerce into business platforms benefits the agricultural industry, whether the farmer or distributor. The benefits of implementing B2B ecommerce in the agriculture sector will be covered in this post.

Since prices and inventory levels are all available in a public setting, e-commerce can increase transparency in the purchasing process.

1) Reduction of transaction fees

When the following scenarios occur, the Internet may lower transaction costs by facilitating information search, lowering the costs of changing posted prices, facilitating negotiations between geographically distinct buyers and sellers, and monitoring fulfilment more easily.

2) Improving the transparency of product and price information

Digital marketplaces have a significant impact on competition and play a significant role in increasing the transparency of price and product information. Through a wider and more thorough comparison of potential partners, transactions can be carried out at a lower marginal cost of finding new counterparts thanks to digital technologies. Operating in a digital marketplace allows businesses to access a wider range of business opportunities. Engaging with a large number of potential competitors lowers transaction costs and enables businesses to grow.

3) Increasing market potential

In order to provide services that can reduce procurement costs, intermediaries typically have to develop a complex, multifaceted partnership with various logistic operators because, in digital marketplaces, companies essentially exchange information flows. The massive expansion of B2B is largely attributable to the cost savings realised by outsourcing the majority of supply chain tasks. According to Goldman Sachs, businesses can reduce the unit cost of a single procurement process by 10% to 25% using B2B solutions.

Additionally, order processing tasks take up a lot more time than searching for new solutions. Businesses can use B2B services to streamline the procurement process and allocate human resources to tasks that have a higher added value.

B2B marketplaces are expanding across many B2B distribution verticals. The agriculture sector's B2B marketplaces, however, are the largest by every measure: they have raised the most money, conduct the most GMV, and have a monopoly presence on the most continents. The US market has a number of unicorns, and as they expand outside of their home markets in the coming years, these grain trading marketplaces will compete for dominance around the world.

Recent B2B technology advancements

Ag software as a service is offered by some B2B services (SaaS). Why does this matter? This implies that new technologies like IoT mapping and drone mapping of harvest fields will be made available to farmers through their services. The majority of B2B websites aim to create an interface with "all solutions under one roof."

Agriculture e-commerce startups are incorporating features such as:

• Blockchain

• Data science and analytics

• Image analysis and machine learning

These characteristics will aid in resolving typical supply chain problems. Farmers are pleased with the advancements and innovations occurring in the field of agri-e-commerce. This year, the agrotechnology industry is predicted to expand by 28%.

Software for agricultural fulfilment makes it possible to produce agricultural goods. Farmers and traders use this software to market their goods on a B2B marketplace platform. Because it aids in providing both parties involved in the transaction with transparency, it has grown to be a significant component of India's agriculture industry.

Agricultural product producers, merchants, and consumers all use agri-fulfillment software. Manufacturers, sellers, and buyers can connect with one another using this software, which facilitates smoother, quicker, and more transparent business transactions. Software for agri-fulfillment can be used for any kind of product, including processed foods like spices and pulses as well as fresh produce.

Kisaan Trade

A B2B online marketplace for agriculture, Kisaan Trade is based in India. It links farmers with consumers and traders both domestically and abroad. The platform offers a one-stop shop where consumers can buy agricultural products at fair prices and farmers can sell their produce. It seeks to give farmers better prices for their goods and make it simpler for consumers to locate the goods they require.

Kisaan trade characteristics include:

1) Product listing: A thorough list of agricultural goods, including livestock, farm produce, and crops, along with specifics like price, quantity, and quality.

2) Search and Filtering: Buyers can quickly and easily find the products they require using the search bar and the filtering options.

3) Buyers and Sellers Profiles: Detailed profiles of buyers and sellers that include information on their companies, goods, and contact information.

4) Order Management: An ordering and tracking system that enables users to place and confirm orders, view order histories, and monitor shipping progress.

5) Tools for communication: Buyers and sellers can communicate and discuss transactional details through a secure messaging system.

6) Integration of payment gateways: Safe payment methods, including e-wallets and credit cards, to speed up online transactions

7) Logistics management: Real-time tracking of shipments and delivery status is part of a system for managing and monitoring logistics.

8) Analytics and reports: Analytics and reports are tools that help sellers and buyers make data-driven decisions by providing reports and insights on sales, inventory, and other business metrics.

9) Mobile-Friendly Interface: A user-friendly mobile interface that enables access to the platform and mobile commerce.

A platform called Kisaan Trade enables farmers to sell their goods at fair prices and buyers to find goods quickly and at the best prices. In order to support business transactions, the platform also offers logistics, payment gateways, and other services.

Conclusion

In conclusion, Kisaan Trade is an Indian-based online B2B agricultural marketplace. It seeks to link farmers with consumers and traders both domestically and abroad. The platform offers a one-stop shop where consumers can buy agricultural products at fair prices and farmers can sell their produce. Kisaan Trade aims to give farmers better prices for their goods and make it simpler for consumers to locate the goods they require. In order to support business transactions, the platform also offers extra services like logistics management, payment gateway integration, analytics, and reports. In general, Kisaan Trade can help boost productivity, cut expenses, and support the expansion and development of India's agricultural sector.