Eka Announces Release of Commodity Sourcing and Processing Solution for Consumer Product Companies
Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, today announced the release of its commodity sourcing and processing solution for Consumer Product (CP) firms. The solution would help companies to manage the volatilities of commodity markets by rationalizing their input costs and proactively managing their commodity sourcing and processing operations.
For Consumer Product companies, volatility in input and energy costs, ever-increasing competition, stringent government regulations, health concerns and the rise of new markets are some of the issues affecting the strategic landscape, business performance and profitability. These challenges are forcing CPG companies to look beyond the traditional long term supply contracts with fixed prices for procurement of raw materials and look at new ways of hedging price volatility and securing physical supply.
Eka’s platform for CPG companies would help them face these challenges by managing demand aggregation, physical & financial trading, scheduling & logistics, hedging strategies and provide them with greater control over raw material procurement. Eka’s solution provides sophisticated functionality to handle processing & logistics, capacity & sales planning, risk management, compliance and business intelligence.
“CPG companies need innovative ways to manage commodity price increases and supply & demand variations. Eka provides the right solution to manage local & global sourcing; processing and distribution needs of CPG companies while helping them to quickly and effectively respond to market movements.” said Manav Garg, CEO & Founder Eka Software Solutions.
About Eka Software Solutions
Eka is the global leader in providing Smart Commodity Management software solutions. Eka’s analytics-driven, end-to-end Commodity Management platform enables companies to efficiently and profitably meet the challenges of complex and volatile markets.
The company’s best-of-breed solutions manage commodity trading, enterprise risk, compliance, procurement, supply chain, operations, logistics, bulk handling, processing, and decision support. Eka partners with customers to accelerate growth, increase profitability, improve operational control, and manage risks and exposures.
Eka is a team of 315 staff with offices in the Americas, Asia, Australia, and EMEA, serving a rapidly growing global client base across multiple commodity segments.