[vc_row][vc_column][vc_column_text]Agriculture companies that produce, procure, or trade agricultural products require robust agriculture commodity management software to help manage their operations in marketing, processing, and supply chain processes. Bulk handling software is needed by the companies that store and transport agricultural products for process management, task execution, and business intelligence to efficiently operate grain facilities or port terminals. Majority of the companies today have commodity trading and risk management (CTRM) and bulk handling as independent tools and are provided by different vendors. Agriculture companies can streamline the agricultural supply chain and remove integration risk between the systems by combining trading, risk management, and bulk handling software into a single-vendor system,
Real-time information
Dealing with multiple vendors comes with a disadvantage: agricultural companies in their supply chain suffer from a lack of one, transparent view of data. Using one vendor to CTRM and another vendor to provide bulk handling software refers to a delay in access to data that can hinder management’s ability to make timely decisions to answer these types of questions:
- What was the cost of purchasing an agricultural commodity?
- What agricultural commodity product is currently stored in the warehouse?
- Which of my grain sites (or elevators) are currently storing agricultural commodities and what are they storing?
- What should I pay for an agricultural commodity? What have I paid in the past for the same?
Manual reconciliation between the separate vendors’ software platforms become necessary without a real-time view of data across the agriculture supply chain. For the agriculture company, this could mean delays while waiting for synchronizations or additional phone calls and emails to verify information.
Specifically for the agriculture companies that are expanding either geographically or in the services they are offering to their customers, a lack of real-time data can be really problematic. These companies will be hindered in their ability to make decisions without a real-time, transparent view.
Data ‘control’
Another important challenge faced by agriculture companies who are trying to deal with multiple vendors in their supply chain, is poor control on data. both ends of the supply chain need access to information provided by the other end. The overall efficiency of the organization decreases, when different groups within the organization find it difficult to access data maintained by another group.
Manual reconciliation is constantly required without an integrated system that covers the entire supply chain. Typically, agricultural companies with multiple vendor solutions in their supply chain will suffer from inaccurate inventory data problems — where a system incorrectly shows available stock on hand — if a trader tries to sell this stock, the company will be in trouble. These companies will rely on unnecessary phone calls to feel comfortable with inventory data, a process that hinders decision making ability and causes delays.
Robust reporting
To stand firm in the competition, agricultural companies must strive for efficiency in every aspect of their business. For an organization to analyze data and arrive at correct conclusions, multiple systems in the supply chain increases the challenges. Robust reporting of management is impossible without a real-time view of data across the agricultural supply chain.
But typical after-the-fact reporting functionality is not sufficient. Agriculture companies also require analytics that may help them understand otherwise hidden opportunities and risks. What is required in the solution is Customization and flexibility, so that users within an agriculture company can create custom analytics without relying on their IT department.
The agriculture commodity management solution
Agricultural companies that need trading, risk management, and bulk material handling software need not worry anymore since we introduce an integrated solution that covers the supply chain from end to end. Robo-commodity solution provides a seamless flow of data that covers contracts, orders, inventory, shipments, and deliveries.
Through the years we’ve supported multiple commodity traders optimize their supply chain and overall business efficiency. To learn more our Robo-Commodity, feel free to contact us today.[/vc_column_text][/vc_column][/vc_row]
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