For many large enterprises, ERP is seen as a core technology that enables faster reporting and processing across different departments; linking operations, accounting, customer service and more. Yet due to their scale and broad coverage, many people we speak to find that their ERP does not provide the best commodity management solution for their business.
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Although CTRM and ETRM systems have many features in common, and are often referred to as E/CTRM, each system is designed to solve different problems, and as such, can sometimes leave businesses without all the functionality they need to truly get the most out of their technology investment.
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The striking lesson of ComRisk 2019, held in London this May, is that operational risk is now one of the key topics in the risk management conversation and can no longer be ignored. Comparing this year’s event to even recent ComRisk Forums highlights how quickly operational risk is rising in importance, and we expect it to form a crucial part of the risk management agenda moving forward.
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Over the last decade, biomass of various kinds has become an increasingly commonly used fuel for electricity generation, particularly in the European Union, which mandated ambitious threshold targets for the share of renewables in total electricity generation.
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London, UK, 22nd February, 2017:
Intertek, a leading quality solutions provider to industries worldwide and Gen10, a provider of cloud-based traceability and risk management solutions, are pleased to announce their new farm sustainability audit and analytics platform.
Demand for the need to track commodities, consumables, and fuels from source to market continues to increase. It is no longer the case that buyers can simply pick the best price in choosing a supplier as concerns over issues like food safety, as well as an increasingly savvy consumer that is concerned over abusive labor practices, workers rights, and environmental issues, for example, are increasing the traceability complexity across almost all supply chains.
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Well known providers of commodity trade management software have brought a number of new solutions to the market in the last 12 months, with a focus on providing user friendly solutions that are reliable, accessible, easy to use, available on range of platforms, and value enhancing.
UK-based Gen10 notes that, as traders grow and their trades become more complex, any issues they have, such as technology, don't go away, "they intensify." Company spokesperson Andrew Dalby noted that specialty coffee is becoming more and more popular, and that this involves large numbers of transactions of smaller quantities and an ever increasing range of grades. "Existing systems and spreadsheets simply weren't designed to cope with this," he said.
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Nordic World of Coffee 2015, Gothenburg, Sweden 16-18 June 2015 - Gen10 launch their latest addition to their commodity trading, risk management and supply chain solutions with the G10 Supply Chain Map.
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The United States has one of the most sophisticated agricultural production industries in the world, and when you combine that precision with the coming expansion in west-bound, trans-Pacific shipping capacity, it should mean that supply chain costs will continue to drop for American commodity exporters.
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