Commodity Risk Management for the Chemical Supply Chain
Preserve Profit Margins of Finished Goods
Chemicals are a critical component in industrial manufacturing and are important to a variety of industries. Most chemical products are used as intermediate ingredients in other manufactured goods, while other chemical products are sold directly. Whether used as an intermediate product, or produced and sold directly, chemicals are an important part of products used on a daily basis.
Companies that produce industrial chemicals face volatile commodity prices in raw materials such as oil, natural gas, air, water, metals, and minerals.
"We chose Eka because we needed to partner with a company that could provide sophisticated risk management functionality in a secure cloud model, and that had the experience to ensure a seamless implementation."
Leading Smart Commodity Management Solution for Chemicals
Eka’s Smart Commodity Management software platform, InSight CM®, captures, analyzes, and manages demand, budgets, forecasts, coverage, procurement, and hedging. Available on premise or in cloud, Eka's InSight CM provides real-time scenario and intelligence capabilities to optimize decision making. Incorporating commodity risk management software into the supply chain gives companies that produce chemicals the competitive advantage to manage volatile raw material prices and to optimize profit margins.
Eka's Chemicals Solution
InSight CM - Chemicals & Fertilizers captures, analyzes, and manages demand, budgets, forecasts, coverage, procurement, and hedging while providing real-time scenario and intelligence capabilities to optimize decision making for manufacturers of chemicals and fertilizers. The next-generation CTRM software provides commodity risk management for the supply chain to manage volatile raw material prices and to optimize profit margins.
Manufacturers of industrial chemicals can use InSight CM - Commodity Planning & Procurement (CPP) for integrated commodity planning that includes the procurement of commodities and energy. The next-generation CTRM software platform includes advanced analytics and decision support tools for improved management of risks and exposures, and is suitable for both local and global sourcing and distribution.
InSight CM - Oil manages the entire lifecycle of crude and refined products including purchase, refining, blending, storage, transportation, sales, distribution, and trading. With the next-generation ETRM software, companies that produce chemicals can competitively price finished goods to preserve profit margins, even when commodity prices are volatile.