The process of marketing and finding storage is a challenge to farmers. Therefore, there is a need for more reliable, efficient and automated system to help farmers find information on storage, marketing and accessing commodities. The web based commodity exchange information system plays a very important role in providing information, management and control of agriculture commodities in the state.In this project, a simple web based commodity exchange information system was developed to provide reliable information. Moreover, the developed system is composed of simple operations and it is highly reliable. In addition, the users can upload detailed information about the commodities they have in stock and can also view information about other commodities from other commodity exchange group. Consequently, the developed system saves time and effort and provides reliable output than the existing procedures. The software was developed with PHP employing MySQL relational database management system. The developed software performed well and produced expected results on evaluation.
Recently, almost half a decade after the Nigerian government perceived that demand increase in agricultural production and productivity for economic development can only occur and be sustained when there is effective and efficient marketing of agricultural commodities. This is because agriculture supplies the needed raw materials for local manufacturing and food processing firms, for the development of the industrial market in agriculture. As a result of this, government came up with the incorporated Commodity Exchange in Nigerian agricultural market in 2010.
Information strategies for agriculture have been the concern of policy makers and planners for quite some time. Possible challenges in developing such a system include the geographical extent of the very large state and most of these sites are in rural areas. A major challenge in the first decade of the new millennium is to organize these resources into more coherent, properly connected and sharable systems.
The economic growth and development of any nation depends on its investment potentials, while investment potentials of any nation depend on its natural resources endowment (Oluwatoyin and Sekuru, 2007). Hence, the need to evolve a web based information system that would effectively and efficiently capture all the important data associated with commodities produced in Enugu state. The web system will provide assistance for marketing research to generate marketing information for its dissemination to farmers and other marketing functionaries at grass-root level to create an ambience of good marketing practices in the state.
There are several reports, cases and comments on the shortage, poor quality and non availability of some raw materials that can be produced locally through agriculture in Enugu state for the industrial and manufacturing sectors despite the availability of both the human and natural resources in the state. The problem has been largely on how to locate commodities where they are produced and the record. This includes grading of commodities. Standard measures and price attached to each grade. Thesystem is aimed at providing a remedy for these problem areas.
This project is an interest in taking up a challenging work in this particular area of research to test one’s confidence.
1.4 Aims and Objectives
This study aims at the design and implementation of a web based commodity exchange information system “A study of Enugu state chamber of commerce, industry, mines and agriculture”. The specific objectives are.
1.5 Significance of the Study
This study would help in a good number of ways to promote realistic pricing and price discovery. The result of this study would help accredited commodity brokers to achieve efficient information management.
1.6 Project Report Organization
This study titled “Design and implementation of a web based commodity exchange information system is composed of multiple chapters as follows: Chapter One which is the introduction. Chapter Two has the literature review. Chapter Three: Research methodology. Chapter Four: Implementation and evaluation. Chapter Five is the discussion and conclusion.
1.7 Definition of Terms
The following are some terms commonly used in this project.
Data: Raw facts.
Liquidity: This is financial solvency or out of illiquidity of institution which supports it‟s going concern. However, the term liquidity is used to signify the ease with which an asset can be converted at its full value into money.
Franchising: This is the incorporation of some services or business into the operation of a particular business which are not initially in the scope of the business.
Database:A systematically arranged collection of data, designed so that it can be automatically retrieved or manipulated easily by authorized users.
Database Servers: Database servers are computers that hold the actual databases and run only the DBMS and related software.
Price risk: Price risk is uncertainty or probability occurrence that may lead to rise or fall in price of commodities at the commodities market
Commodity market: A commodity market is a place where buyers and sellers of the commodities mentioned above meet to transact business. The market may be organized or unorganized.
Modules: This is an independent/self-contained program.
Warehouse: A warehouse is a building that is constructed for storage of commodities such as manufactured goods, agricultural produce, etc. It may either be public or private depending on ownership and management.
Warehouse receipt: A warehouse receipt is a document of title showing grade, weight, mode of packaging, name and address of the warehouse manager and in some cases the shelve life of the commodity.
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