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GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; 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Procol helps Zuari FarmHub accelerate freight procurement cycles
2026-05-05 · via Economy News, Latest Economic News Today | The HinduBusinessLine

Procol, an Agentic AI procurement platform, has announced that it has enabled Zuari FarmHub, part of the Adventz Group, to accelerate its freight procurement cycles by up to 95 per cent while achieving nearly 6 per cent cost savings through AI-led sourcing and real-time price discovery.

Zuari FarmHub, an agri-tech solutions provider, operates in a highly dynamic and season-driven environment, where freight demand fluctuates across regions, routes, and timelines. Traditionally, its procurement processes relied on manual request for quotes, offline negotiations, and fragmented workflows, resulting in limited visibility, slower turnaround times, and sub-optimal price discovery.

A media statement said that Zuari FarmHub partnered with Procol to digitise and centralise its freight sourcing operations. By leveraging Procol’s AI-powered sourcing suite, including smart RFQs, real-time e-auctions, and analytics dashboards, the company streamlined vendor communication, improved participation, and enabled structured, data-driven procurement.

Quicker procurement

The introduction of real-time e-auctions enhanced price discovery, while custom approval workflows ensured faster and compliant decision-making. Additionally, centralised spend analytics provided complete visibility across locations, strengthening audit readiness and enabling more strategic sourcing decisions, it said.

As a result, procurement cycles that previously took up to two-three months have now been reduced to near real-time execution, with certain logistics sourcing events completed within minutes.

Quoting PC Kaveriappa, Joint General Manager, Zuari FarmHub, the statement said: “After evaluating multiple platforms, Procol emerged as the best fit for our needs. We’ve reduced negotiation timelines from months to real-time procurement. The platform is easy to use for both our team and vendors, and has helped us achieve measurable business outcomes.”

Gaurav Baheti, Founder and CEO of Procol, said that freight procurement in dynamic, multi-location businesses requires speed, transparency, and adaptability. “With Zuari FarmHub, we are demonstrating how AI-led sourcing and real-time auctions can transform procurement into a strategic, high-impact function,” Baheti said.

Published on May 5, 2026