Commodity Procurement Solutions for the Automotive Industry
Manage Commodity Risk, Lower Cost, and Preserve Margins
As automotive manufacturers and suppliers streamline supply chains to reduce inventories and eliminate waste, they struggle to maintain profit margins due to the volatile prices of commodities, raw materials, subcomponents, and energy. Automotive manufacturers and suppliers that embrace advanced commodity procurement solutions to manage volatile prices in raw materials will have a competitive advantage.
Leading Solution for Automotive Commodity Procurement
With Eka’s Smart Commodity Management software platform, InSight CM®, automotive manufacturers and suppliers can preserve profit margins and manage risk in the procurement of raw materials, subcomponents, and energy by using next-generation CTRM software. Eka’s InSight CM is available in cloud or on premise, so automotive companies can choose the solution that best fits their needs for access, security, and scalability.
Eka’s Solutions for Automotive Commodities
Automotive manufacturers and suppliers can use InSight CM - Commodity Planning & Procurement (CPP) for integrated commodity planning that includes the procurement of commodities, energy, and packaging. The 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.
Eka's InSight CM platform for energy products is a fully integrated multi-commodity Smart Commodity Management software platform for crude and refined products, natural gas, natural gas liquids (NGL), liquefied natural gas (LNG), power, coal, and biofuels covering all aspects of a transaction lifecycle including trading, risk management, processing, scheduling, logistics, and accounting. With advanced analysis and reporting, the software provides greater control over energy procurement and risk management to run facilities and fleets at a lower cost than first-generation ETRM platforms.
InSight CM - Metals is a comprehensive solution for managing physical trading, position, P&L, derivatives, risk, logistics, and finance across base metals, ferro alloys, steel, and scrap. The software helps automotive companies manage the complexities and risk of metals by providing a seamless flow of information from physical contract management to logistics, assay management, pricing, hedging, risk management, invoicing, and associated reporting.