Client – World’s biggest Commodity company. Problem – Unable to track their movement of raw materials, optimize inventory levels, and synchronize supply with customer demand. Solution – We were able to help their coffee business by configuring a global SCM & Cost management process/solution in the system to focus on any aspect of supply chain operations, transportation and […]
The stock equity, investment, commodity and trading markets are complex, competitive, and have many governments and international regulations and compliance. Customer demands, market movement, and changing dynamics due to pandemics, unanticipated shifts and trends have contributed to managing a business in the commodity industry. Customers are more cultivated than ever, and they demand measurable results […]
Many companies have started investing heavily in Commodity Management Solution (CMS), emphasizing having one central system that can function in both ERP and Commodity Management solution. However, businesses are not entirely convinced that they are unlocking the full benefits of their investment. But suppose the company has the right tools. In that case, it can […]
Let’s assume you are a commodity trader in Brazil and close a deal with a Japanese customer. With goods located in Vietnam and have to ship to Japan and now, the Japanese resell them to a client elsewhere in the world at a different price. While this is happening, the currency in one of these […]
Those old baggy jeans are very comfortable. No matter how much you love them, you’ll have to consider replacing them. Softwares are no exception. They might still serve the purpose, but automation and integration to new-age tools might become challenging. Updating legacy systems can be a complicated process with a lot of things to consider. […]
Disruptive events in 2020 have led businesses with no choice but to innovate and improve. Implementation of automation and technology is less challenging than finding the apt way and correct process to implement. Data visibility, managing operations, and mitigating risk need analysis and identification of a specific problem to offer a complete solution in terms […]
COVID has made this world a different place altogether. Last year with China shutting down, supplies were majorly impacted, and then production worldwide with lockdowns resulting in end consumer in these value chains equally affected. Even before Covid-19, price fluctuations, taxes, and regulations were already heaping stress on traders with few trading margins and discouraging […]
Commodity producers, traders, and consumers all face a volley of risks such as price exposure, operational and market risks — the risks of supply chain operational issues like traceability, regulatory and compliance, exchange, and interest rates expose the commodity markets to a significant financial risk. Managing Risk is an exemplary aspect and key to success […]
Digitization describes the digital conversion of existing data and documents, such as scanning a visiting card QR Code and saving in a phone book. The data itself is not changed; it is just a digital format. If digitization is a conversion of data, digitalization is a transformation and processing of that data. More than just […]