Today's Chemicals Trading organisations increasingly buy, sell, and source commodities from around the world. In this increasing consolidated and competitive market trading companies need to execute contracts within contractual terms, monitor and control all costs associated with the contracts and implement risk strategies that protect the bottom line.
Chemical Trading has the additional challenges of governmental regulations which require product traceability from source to destination. Chemical companies already bear high logistics costs due to the nature of their products, which are typically heavy, bulky, difficult to store, and hazardous. Now these firms face additional challenges, including skyrocketing energy prices, new regulations, and a shortage of logistics providers.
Scalable helps Traders improve visibility of all trading data across the organisation. This end-to-end visibility provides management with “One Version of the Truth”.